2017 ElectriCities Financial Report

Page 16

ElectriCities of North Carolina, Inc. Statements of Net Position (Deficit) December 31, 2017 2016 ASSETS Current Assets: Cash and cash equivalents (Note C) Accounts receivable Total Current Assets Non-Current Assets: Capital assets (Note D) Equipment and furnishings Accumulated depreciation Capital assets Total Non-Current Assets Total Assets

$ 5,930,757 2,328,538 8,259,295

DEFERRED OUTFLOWS OF RESOURCES Pension deferrals (Note F) LIABILITIES Current Liabilities: Accounts payable Current portion of accrued vacation Other liabilities Total Current Liabilities Non-Current Liabilities: Accrued vacation Due to Power Agencies Net Pension Liability (Note F) Other post employment benefits obligation (Note H) Total Non-Current Liabilities Total Liabilities DEFERRED INFLOWS OF RESOURCES Unexpended dues supported program revenue Pension Deferrals (Note F) Total Deferred Inflows of Resources NET POSITION Net investment in capital assets Unrestricted (Deficit) Total net position (Deficit)

$

See accompanying notes to financial statements.

10

$ 5,950,301 1,393,380 7,343,681

4,129,342 (3,212,424) 916,918 916,918 9,176,213

3,673,627 (2,911,589) 762,038 762,038 8,105,719

1,582,781

2,619,220

1,442,730 679,082 873,953 2,995,765

1,151,186 632,635 723,608 2,507,429

876,555 550,755 2,435,802 3,815,324 7,678,436 10,674,201

796,165 508,196 3,384,063 3,498,438 8,186,862 10,694,291

68,950 68,950

12,557 118,581 131,138

916,918 (901,075) 15,843

762,038 (862,528) (100,490)

$


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