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THE L.J. SKAGGS AND MARY C. SKAGGS FOUNDATION
~ STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2002 & 2001
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ASSETS
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2002
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2001
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Current Assets:
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Cash and cash equivalents
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$ 56,639
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$ 125,463
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Securities
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1,843,740
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3,514,268
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Accrued interest receivable
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10,528
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25,060
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Prepaid expenses
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22,400
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—
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Total Assets
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$ 1,933,307
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$ 3,664,791
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LIABILITIES AND UNRESTRICTED NET ASSETS
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Current Liabilities:
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Accounts payable
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$ 20,867
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$ 9,283
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Grants payable
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950,867
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1,264,920
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Total Current Liabilities
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970,867
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1,274,203
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Unrestricted Net Assets
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962,440
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2,390,588
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Total Liabilities and Unrestricted Net Assets
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$ 1,933,307
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$ 3,664,791
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