Frankenmuth

Annual Report 2019-2020 – Frankenmuth Chamber & CVB

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$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

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