Financial Audit 2012

Page 33

CHATTANOOGA NEIGHBORHOOD ENTERPRISE, INC. AND SUBSIDIARIES SUPPLEMENTARY INFORMATION - OPERATING PARTNERSHIPS BALANCE SHEETS June 30, 2012

CAHLP II

CAHLP III

CAHLP V

CAHLP VII

ROBINSON APARTMENTS

TOTAL

ASSETS CURRENT ASSETS Cash and cash equivalents Accounts receivable Prepaid expenses Deposits held in trust

$

Total current assets

(1,882) 420 4,083 8,164

$

(1,945) 7,942 2,999 4,073

$

7,205 966 3,105 43,589

$

(6,150) 454 3,558 38,470

$

93,261 102,633 3,108 28,937

$

90,489 112,415 16,853 123,233

10,785

13,069

54,865

36,332

227,939

342,990

NONCURRENT ASSETS Property and equipment at cost: Land Property held for sale Rental property Furniture and fixtures Less accumulated depreciation Property and equipment, net Other assets, net

40,000 40,000 2,572

18,461 18,461 1,112

15,341 462,425 (126,714) 351,052 -

103,572 591,428 (92,939) 602,061 8,980

1,550,630 (309,380) 1,241,250 10,809

177,374 2,604,483 (529,033) 2,252,824 23,473

Total noncurrent assets

42,572

19,573

351,052

611,041

1,252,059

2,276,297 $ 2,619,287

Total assets

$

53,357

$

32,642

$

405,917

$

647,373

$

1,479,998

$

28,095 447,232 7,450 872

$

18,995 170,404 1,450 62

$

17,705 4,887 3,745 779

$

14,876 91,054 4,423 1,929

$

135,629 653,209 48,301 -

LIABILITIES AND PARTNERS' CAPITAL CURRENT LIABILITIES Accounts payable and accrued expenses Accounts payable, affiliates Tenant security deposits Prepaid rent Total current liabilities

$

215,300 1,366,786 65,369 3,642

483,649

190,911

27,116

112,282

837,139

1,651,097

NONCURRENT LIABILITIES Notes payable, affiliates Deferred development fees Interest rate swap obligation Long-term debt

363,136 16,772 12,705 840,944

145,634 326,690

17,306 266,914

238,094 419,561

874,149

764,170 16,772 12,705 2,728,258

Total noncurrent liabilities

1,233,557

472,324

284,220

657,655

874,149

3,521,905

Total liabilities

1,717,206

663,235

311,336

769,937

1,711,288

5,173,002

(1,663,849)

(630,593)

94,581

(122,564)

Partners' capital Total liabilities and partners' capital

$

53,357

$

32,642

$

See report of independent auditors 31

405,917

$

647,373

(231,290) $

1,479,998

(2,553,715) $ 2,619,287


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