Genesis Garden

“Rental assistance to stabilize client housing $550; Hotel rooms for homeless clients $4166; Cash assistance for homeless clients $658. (Listed in aggregrate as no individual received an amount in excess of $5,000.)”

“Description;Amount^Summer Meals for Kids;6532|Depreciation of Fixed Assets;4613|Business expenses, registrations, fines, insurance;2854|Payroll processing and workers comp insurance;2073|Equipment and Supplies for Shelter Restoration;4713|Communications web site, Internet, phone;962|Accounting and banking fees;1069|Lego League youth program;1494|Vehicles and transportation;920|Miscellaneous including staff dev and meetings;760^Total;25990^”

“The Shelter House property (land and building) were recorded as expenses ("Construction in Progress") last year. These were converted to Fixed Assets this year, increasing the net assets. A property value was agreed upon in the purchase contract and this was used as the basis. The ratio of land:building values in the property tax bill was used to allocate the land value and house value. Similarly last year, the cost of the roof replacement was recorded as an expense and converted to a Fixed Asset this year. Additional restoration/construction of the house was completed this year, and was directly recorded as Fixed Asset. The house and restoration assets are now being depreciated over 27.5 years using the straight-line method.”

“Other assets are non-cash assets for use in shelter restoration construction (insulation, drywall, flooring, etc.)”