HomeMy WebLinkAbout02 - Review of Annual Financial Statements - Additional MaterialsAttachment A
Financial Statements
NEWPORT BEACH PUBLIC FACILITIES CORPORATION
Comparative Balance Sheet
June 30, 2021 and 2020
Assets
Cash with fiscal agent
Intergovernmental receivable
Total Assets
Liabilities and Fund Balances
Liabilities:
Accounts payable
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenue
Total deferred inflows of resources
Fund balances:
Nonspendable
Restricted for:
Debt Service
Committed
Assigned
Unassigned
Total fund balance
Total liabilities and fund balance
2021
2020
$ 8,651,411
$ 6,551,417
-
1,148,239
$ 8,651,411
$ 7,699,656
-
1,148,239
-
1,148,239
8,651,411
6,551,417
8,651,411
6,551,417
$ 8,651,411 $ 7,699,656
NEWPORT BEACH PUBLIC FACILITIES CORPORATION
Comparative Statement of Revenues,
Expenditures and Changes in Fund Balances
June 30, 2021 and 2020
Revenues:
Lease revenues
Investment income
Federal interest subsidy
Total revenues
Expenditures:
Debt service:
Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues
over expenditures
Fund balance, beginning
Fund balance, ending
2021
2020
$ 8,649,734
$ 7,691,920
36,286
21,282
3,380,852
1,148,239
12,066,872
8,861,441
3,065,000
3,405,000
6,901,878
7,053,961
9,966,878
10,458,961
2,099,994 (1,597,520)
6,551,417 8,148,937
$ 8,651,411 $ 6,551,417