BALANCE SHEET Balance sheet reflects financial status at the end of the fiscal year, June 30, 2014. ASSETS Cash and Cash Equivalents...................................................................$3,260,548 Accounts Receivable.............................................................................$2,875,697 Property and Equipment....................................................................$12,254,182 TOTAL............................................................................................... $18,390,427 LIABILITIES Accounts Payable.....................................................................................$285,895 Accrued Wages........................................................................................$672,810 Notes Payable.....................................................................................$11,517,386 Accrued Interest........................................................................................ $18,307 Accrued Leave..........................................................................................$812,407 Deferred Revenue...................................................................................... $25,000 CSA Funds.................................................................................................. $27,280 TOTAL............................................................................................... $13,359,085 NET POSITION TOTAL..................................................................................................$5,031,341 “FY14 ended stronger than any year since FY08 with income reaching nearly $21 million – a 5% increase from last year. This is so important, as it allows us to continue to provide essential behavioral health services and to develop new services in response to community needs. My sincere thanks to each of you for the part that you play in ensuring that HCS remains a financially sound organization in the year ahead and for many years to come. ” Kathy Simpson, CFO
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HCS received an unqualified (clean) audit opinion on its financial statements for the 2014 fiscal year.
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