United Way of the Capital Area: Audited Statement of Financial Position

Audited Statement
of Financial Position

June 30, 2003

Assets
2003

2002

Cash and cash equivalents
$3,328,170
$4,703,419

Short-term investments
$35,289
$771,690

Pledges receivable, net of estimated uncollectibles

$12,436,435

$12,610,102

Other receivables
$215,469
$863,711

Investments
$11,765,764
$10,673,116

Investments held in trust by others

$5,539,143

$5,691,645

Prepaid expenses and other assets

$311,122

$127,134

Plant and equipment, net
$1,850,795
$2,022,066

Total assets
$ 35,482,187
$37,462,883

Liabilities and Net Assets

Accounts payable and accrued expenses

$1,108,682

$1,044,683

Campaign support due to Community Health Charities

$1,907,571

$2,229,807

Undistributed agency support

$12,267,846

$12,190,128

Donor designations payable
$2,880,592
$3,139,421

Grants payable
$1,261,099
$1,757,466

Note payable
$298,151
$471,216

Total liabilities
$19,723,941
$20,832,721

Net assets:


     Unrestricted:


Designated for operations

$3,731,693

$4,468,351


Plant and equipment
$1,552,644
$1,550,850


Board designated
$3,734,857
$3,643,376

Total unrestricted
$9,019,194
$9,662,577

Temporarily restricted
$67,826
$143,857

Permanently restricted
$6,671,226
$6,823,728


Total net assets
$15,758,246
$16,630,162

Total liabilities and net assets

$35,482,187

$37,462,883

| Audited Statements and Tax Filing | Overhead Calculation |

United Way of the Capital Area
30 Laurel Street
Hartford, CT 06106-1374
Phone: (860) 493-6800
Fax: (860) 493-6809