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COLE COUNTY SPECIAL SERVICES AND
COLE COUNTY RESIDENTIAL SERVICES, INC.
FINANCIAL REPORT
Statement of Net Assets
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FY 2008
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FY 2007
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Dollar Change
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Assets:
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Cash
and Cash Equivalents
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$843,920
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$976,847
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-$132,927
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Restricted
Assets
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$221,407
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$103,903
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$117,504
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Accounts Recievable
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$771,781
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$440,136
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$331,645
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Security
Deposits
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$3,860
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$3,854
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$6
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Prepaid
Insurance
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$33,470
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$23,913
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$9,557
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Land
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$353,049
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$353,049
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$0
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Bldg.
& Equip. (Net of Acc. Depr.)
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$2,484,420
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$2,810,980
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-$326,560
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TOTAL
ASSETS
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$4,711,908
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$4,712,683
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-$775
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Liabilities:
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Accounts
Payable
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$658,243
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$774,801
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-$116,558
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Security
Deposits
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$3,860
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$3,854
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$6
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Deferred
Revenue
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$356
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$429
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-$73
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TOTAL
LIABILITIES
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$662,459
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$779,084
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-$116,625
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Net
Assets
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Investment
in Capital Assets
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$2,837,469
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$3,164,029
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-$326,560
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Unrestricted |
$1,067,442
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$724,446
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$342,996
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Restricted
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___Reserve for Replacement |
$144,538
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$45,123
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$99,415
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Total
Net Assets
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$4,049,449
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$3,933,598
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$115,851
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Financial
Highlights
CCSS’s net assets increased
$115,851 as a result of this year’s operations resulting in ending net
assets of $4,049,449 or an increase of 2.95 percent.
CCSS’s operating revenues
for the year increased $944,883 or 20.7% while operating expenses increased
$695,312 or 14.93%.
During Fiscal Year 2008,
CCSS
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Awarded $30,000 to
Jefferson City Transit to draw down additional federal funds for Handiwheels bus service to citizens of Jefferson City.
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Awarded $12,000 to
Kingdom Projects in Fulton, Missouri to enable the employment of 12 individuals from Cole County.
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Awarded $20,000 to
The Special Learning Center to continue services to children in Cole County who have developmental disabilities.
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Paid $3,500 to put power entrance doors at the Administrative office to make it more accessible.
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Purchased a vehicle for Case Management for $15,561.
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Purchased a 4 wheel drive vehicle for $18,750 for Administrative use and to use to make sure CCRSI can get staff to and from facilities in heavy snow situations.
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Awarded a grant to CCRSI of $10,456 for the purchase of a new copier.
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Awarded a grant to CCRSI of $4,150 for desks and office equipment at Tanner Bridge to make the office work environment more efficient.
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Funded 20.5% of 24 hour residential services for 52 citizens of Cole County, using the county funds coupled with state funds to draw down federal funds.
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Provided up to $102,600 or 38.4% of operating costs to draw down $164,588 federal funds for services and supports for 16 citizens of Cole County at Easter Seals of Missouri's Adult Day Program.
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Continued the effort to build cash reserves by adding $81,011 to the Reserve Fund (effectively increasing the fund to over $140,000).
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