$423,526
-
58,971
482,497
186,642
$669,139
$15,134
73,066
4,968
5,000
98,168
176,768
274,936
394,203
$669,139
$1,083,088
252,961
130,803
137,871
1,604,723
-
$1,604,723
$16,765
82,727
-
-
99,492
-
99,492
1,505,231
$1,604,723
CURRENT ASSETS
Cash
Accommodation Tax Receivable
PA59 Assessment Receivable
Accounts Receivable & Other
Total Currrent Assets
PROPERTY & EQUIPMENT - NET
TOTAL ASSETS
CURRENT LIABILITIES
Accounts Payable
Pre-Billed Income
Other
Current Portion of L/T Debt
Total Current Liabilities
LONG-TERM LIABILITIES
Mortgage Payable - Net of Current
Total Liabilities
FUND BALANCE
TOTAL LIABILITIES & FUND BALANCE
Chamber of
Commerce
Convention &
Visitors Bureau
ASSETS
LIABILITIES
&
FUND
BALANCE
2
The following is a summarized financial
position for the Frankenmuth Chamber of
Commerce and Convention & Visitors Bureau
showing a fiscally healthy organization.
Detailed financial statements are available
to members upon request. The Convention &
Visitors Bureau received a clean audit by the
firm Gardner, Provenzano, Thomas & Luplow.
The organization's accounting is managed by
Zehnder & Associates of Frankenmuth.
Fiscal Year runs October 1, 2019 thru
September 30, 2020
Financial
O V E R V I E W
4
