APPENDIX F-2              

  PRINT - LANDSCAPE FORMAT / COLOR

CORPORATE

BALANCE SHEET

JANUARY 1, 2002

 

GOVERNMENT ACCOUNTING PROTOTYPE (GAP)

BALANCE SHEET

JANUARY 1, 2002

ASSETS:   ASSETS:
  CASH IN TREASURY
  CASH (UNOBLIGATED C/O)  PFY 507,450
  CASH (UNPAID OBLIGATIONS)  PFY 17,300
CASH 524,750   CASH IN TREASURY 524,750
 
OTHER ASSETS:   OTHER ASSETS:
ACCOUNTS RECEIVABLE 9,000   ACCOUNTS RECEIVABLE 9,000
LESS: ALLOWANCE FOR BAD DEBTS - 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 - ADV.  PAY. 60,000
  ECS - BUDGET RCPTS. - EARNED REIMB. 5,000
  ECS - BUDGET RCPTS. - 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
TOTAL LIABILITIES 83,450   TOTAL LIABILITIES 83,450
 
 
STOCKHOLDERS EQUITY:   GOVERNMENT EQUITY:
PREFERRED STOCK 500,000   CURRENT FISCAL YEAR BUDGET
PREMIUM ON STOCK 100,000   UNAPPORTIONED BUDGET 507,450
TOTAL CAPITAL STOCK 600,000   UNPAID OBLIGATIONS (PFY) 17,300
  TOTAL BUDGET (FUNDED) 524,750
CAPITAL STOCK = XXXX - XXXX - XXXX  
            600,000 = 693,500 - 93,500 - 0   PRIOR FISCAL YEAR (PFY) BUDGETS:
            600,000 = 600,000   EXPENDED BUDGETS (PFY) 168,750
  TOTAL BUDGET - FUNDED / EXPENDED 693,500
RETAINED EARNINGS -103,750   RETAINED INCOME / EXPENSE       -103,750      1/          
TOTAL STOCK HOLDERS EQUITY 496,250   TOTAL GOVERNMENT EQUITY 589,750
 
TOTAL LIABILITIES AND SE 579,700   TOTAL LIABILITIES & GOV. EQUITY 673,200
 
  1/  See Year 2 - Income / Expense Statement
 
  Copyright 1999  Larry Fisher