Central Alabama Chapter Independent

“Description AmountCEFA Utility Reimbursement 10,905Promotional Income 2,844Other Revenue consists of Utility and Security reimbursements from joint occupant (CEFA) in common building as well as promotional fees paid by misc entities for various name recognition.”

“Description AmountDepreciation from 4562 775Liability and Surety Insurance 1,085Bad Debts Written Off 795Miscellaneous Other 113Meals and Meeting Expenses 956Other Expenses consist of Liability and Surety Insurance premiums as well as depreciation expense related to fixtures owned by the Organization. There were also two items of previously billed fees that were written off as uncollectible. Meeting expenses and the various meals included at said meetings are also included herein.”

“Category Beginning of Year End of YearAccounts Receivable 30,664 10,240Due from Related Entity 6,900 6,900Accounts Receivable for billed but unpaid dues as of fiscal year end. The Amount Due from Related Entity relates to a payment made directly to CEFA that should have been written to IEC.”

“Category Beginning of Year End of YearAccounts Payable 0 6,406Other liabilities relate to accrued rent and administrative fee for December 2016 that was not paid until January 2017. Entity is on accrual basis, so twelve months of these expenses should be presented.”