APPENDIX B-2             

  PRINT - LANDSCAPE FORMAT / COLOR

CORPORATE

BALANCE SHEET

DECEMBER 31, 2001

 

GOVERNMENT ACCOUNTING PROTOTYPE (GAP)

BALANCE SHEET

DECEMBER 31, 2001

ASSETS:   ASSETS:
  CASH IN TREASURY
  TREASURY WARRANTS 600,000
  CASH TRANSFERS 60,000
  BUDGET RECEIPTS 33,500
  TOTAL CASH (BUDGET)

693,500

  LESS: NET DISBURSEMENTS:
  CASH COLLECTIONS (NON BUDGET) 2,300      
  CASH DISBURSEMENTS -171,050
  NET DISBURSEMENTS -168,750
 
CASH 524,750   CASH IN TREASURY 524,750
 
OTHER ASSETS:   OTHER ASSETS:
ACCOUNTS RECEIVABLE 9,000   ACCOUNTS RECEIVABLE 9,000
LESS: ALLOWANCE FOR BAD DEBS - 1,000 8,000   LESS: ALLOWANCE FOR BADE DEBTS - 1,000 8,000
TRAVEL ADVANCES 5,500   TRAVEL ADVANCES 5,500
PREPAID LICENSING FEES 6,750   PREPAID LICENSING FEES 6,750
OFFICE EQUIPMENT 17,500   OFFICE EQUIPMENT 17,500
LESS: PURCHASE DISCOUNT - 200   LESS: PURCHASE DISCOUNT - 200
          DEPRECIATION - 600              ACCUMULATED DEPRECIATION - 600
TOTAL OFFICE EQUIPMENT 16,700   TOTAL OFFICE EQUIPMENT 16,700
OFFICE EQUIP. - CONTRACTOR 3,000   OFFICE EQUIPMENT- CONTRACTORS 3,000
TRANSPORTATION EQUIP. 15,000   TRANSPORTATION EQUIPMENT 15,000
 
TOTAL ASSETS 579,700   TOTAL ASSETS 579,700
 
      EXTERNAL CASH SOURCES:
      ECS -  CASH TRANSFER - ADVANCES PAY. 60,000
  ECS - BUDGET RECEIPTS - EARNED REIMB. 5,000
  ECS - BUDGET RECEIPTS - BONDS PAY. 28,500 93,500
 
  TOTAL ASSETS AND ECS 673,200
             
LIABILITIES & STOCKHOLDERS EQTY   LIABILITIES & GOVERNMENT EQUITY
LIABILITIES:   LIABILITIES:
ACCOUNTS PAYABLE 15,000   ACCOUNTS PAYABLE 15,000
BONDS PAYABLE 26,000   BONDS PAYABLE 26,000
PREM. ON BONDS PAYABLE 2,450   PREM. ON BONDS PAYABLE 2,450
ADVANCES PAYABLE 40,000   ADVANCES PAYABLE 40,000
SALARY PAYABLE 3,000   SALARY PAYABLE 3,000
TOTAL LIABILITIES 86,450   TOTAL LIABILITIES 86,450
 
STOCKHOLDERS EQUITY:   GOVERNMENT EQUITY:
PREFERRED STOCK 500,000   CURRENT FISCAL YEAR BUDGET
PREMIUM ON STOCK 100,000   UNAPPORTIONED BUDGET 2,500
TOTAL CAPITAL STOCK 600,000   CURRENT QUARTER BUDGET 9,300
  SUBSEQUENT QUARTERS BUDGET 485,000
  BUDGET RESERVE - CONTINGENCY 24,650
  COMMITMENTS 5,000
  UNPAID OBLIGATIONS 17,300
  EXPENDED BUDGET (CFY) 168,750
  TOTAL BUDGET RESOURCES 712,500
  LESS:
  ANTICIPATED TREASURY WARRANT - 10,000
  ANTICIPATED BUDGET RECPT- REIMB.  -   9,000
  TOTAL FUNDED CFY BUDGET 693,500
 
  PRIOR FISCAL YEAR (PFY) BUDGETS:
  EXPENDED BUDGETS (PFY) 0
  TOTAL FUNDED CFY & PFY BUDGETS 693,500
RETAINED EARNINGS -106,750   RETAINED INCOME / EXPENSE       -106,750      1/          
TOTAL STOCK HOLDERS EQUITY 493,250   TOTAL GOVERNMENT EQUITY 586,750
 
TOTAL LIABILITIES AND SE 579,700   TOTAL LIABILITIES & GOV. EQUITY 673,200
 
  1/  See Year 1 - Income / Expense Statement  
  Copyright 1999  Larry Fisher