Finance Committee Agenda and Packet 2014 11 18

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THE ASSOCIATION FOR COMMUNITY LIVING IN BOULDER COUNTY NOTES TO THE FINANCIAL STATEMENTS NOTE 2 - INVESTMENTS Investments are carried at fair value, which is based on quoted market prices on active markets (Level 1) at December 31: Cash and cash equivalents Certificates of deposit Bonds Mutual Funds Investment income is summarized as follows: Interest and dividends Net realized and unrealized gains Total investment income 2013 $ 11,353 234,680 593,488 595,864 $ 1,435,385 $ $ 27,937 62,195 90,132 2012 $ 51,435 0 37,693 283,039 $ 372,167 $ 12,492 (848) $ 11,644 The fair value measurement accounting literature provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). All of the Association's investments are valued using Level 1, which are described as inputs to the valuation methodology which are unadjusted quoted prices for identical assets or liabilities in active markets that the Association the ability to access. NOT E 3 - PROPERTY AND EQUIPMENT AND DEPRECIATION Land Building Equipment Less accumulated depreciation NOTE 4 - 'TEMPORARILY RESTRICTED NET ASSETS 2013 2012 $ 0 $ 234,000 0 507,656 47,366 44,857 47,366 786,513 (30,560) (210,414) $ 16,806 $ 576,099 Net assets were released from donor restrictions by incurring expenses satisfying the restricted purposes as follows: Betty Vessel Caminando Juntos DDD Grant Direct Aid Exceptional Families Gift of Community Margaret Wilson Memorial Parent Education (Price Foundation) 9 2013 2012 $ 2,124 $ 0 7,000 0 623 0 240 1,314 204 1,050 4,629 4,845 0 34 20,709 3,603 $ 35,529 $ 10,846 24