Village of Highland Falls High Point Utility
Local Development Corporation
STATEMENT OF FINANCIAL POSITION
As of December 31, 2021
ASSETS
Cash 3,762.41
Accounts Receivable -0-
Fixed Assets
Equipment -- hydroelectric facility (1) - Undetermined -
Intangible -- FERC license (1) - Undetermined-
________ TOTAL ASSETS $3,762.41
Note (1): These assets will acquire value only when equipment repairs are successful.
==============================================================================
LIABILITIES and EQUITY
Current Liabilities
Accounts Payable
Current outstanding Invoices - 0-
Hydropower facility repairs as of this date - 0-
Total Liabilities
************************************
Owner's Equity 3, 762.41
Total Equity 3, 762.41
TOTAL LIABILITIES and EQUITY $3,762.41
==============================================================================
I certify that this statement is a true and accurate representation of the financial
position of the Village of Highland Falls High Point Utility Local Development Corporation
as of the 31st day of December, 2021.
_______________________________
John Willis, Treasurer
—-
Village of Highland Falls High Point Utility
Local Development Corporation
$$$$$$$$$$$$$$$$$$$$$$$$$$$$
BUDGETS
$$$$$$$$$$$$$$$$$$$$$$$$$$$$
2020 BUDGET
* Fiscal Year January 1 - December 31 *
Revenue
Donations (not including in-kind)
Individual - 0 -
Corporate - 0 -
Grants - 0 -
Demand Response Program 3,000.00
Interest Earned - 0 -
Total Revenue 3,000.00
Expenditures
Administrative salaries (Volunteer Services only at present) - 0 -
Advertising/Promotional/Marketing 100.00
Professional Fees
Accounting 250.00
Legal 400.00
Bank Charges (12.00/month Charge - 12.00/month Credit) 100.00
Equipment & Supplies
Hydroelectric facility - 0 -
Office Supplies/Postage/Shipping 50.00
Travel - 0 -
Uncategorized Expenditure - 0 -
Total Expenditures 900.00
Balance $2,100.00
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Village of Highland Falls High Point Utility
Local Development Corporation
2019 BUDGET
* Fiscal Year January 1 - December 31 *
Revenue
Donations (not including in-kind)
Individual
Corporate
Grants
Demand Response Program 3,000.00
Interest Earned
Total Revenue 3,000.00
Expenditures
Administrative salaries (Volunteer Services only at present) 100.00
Advertising/Promotional/Marketing 100.0
Professional Fees
Accounting & Tax 250.00
Legal 400.00
Bank Charges (12.00/month Charge - 12.00/month Credit) 100.00
Equipment & Supplies
Hydroelectric facility
Office Supplies/Postage/Shipping 50.00
Travel
Uncategorized Expenditure
Total Expenditures 1,000.00
Balance $2,000.00
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
STATEMENTS OF FINANCIAL POSITION
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
STATEMENT OF FINANCIAL POSITION
* As of December 31, 2020 *
ASSETS
Cash $3,762.41
Accounts Receivable
Fixed Assets
Equipment -- hydroelectric facility (1) - Undetermined -
Intangible -- FERC license (1) - Undetermined -
TOTAL ASSETS $3,762.41
Note (1): These assets will acquire value only when equipment repairs are successful.
===================================================
LIABILITIES and EQUITY
Current Liabilities
Accounts Payable
FERC license transfer legal expenses 3,000.00
Hydropower facility repairs as of this date - 0-
Total Liabilities
===================================================
Owner's Equity $762.41
Total Equity $ 762.41
TOTAL LIABILITIES and EQUITY $3,762.41
I certify that this statement is a true and accurate representation of the financial
position of the Village of Highland Falls High Point Utility Local Development Corporation
as of the 31st day of December, 2020.
_______________________________
John Willis, Treasurer
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
STATEMENT OF FINANCIAL POSITION
* As of December 31, 2019 *
ASSETS
Cash 3,762.41
Accounts Receivable
Fixed Assets
Equipment -- hydroelectric facility (1) - Undetermined -
Intangible -- FERC license (1) - Undetermined -
TOTAL ASSETS $ 3,762.41
Note (1): These assets will acquire value only when equipment repairs are successful.
==========================================================================
LIABILITIES and EQUITY
Liabilities
Accounts Payable
FERC license transfer legal expenses 3,000.00
Hydropower facility repairs - 0 -
Total Liabilities $3,000.00
************************************
Owner's Equity 762.41
Total Equity $762.41
TOTAL LIABILITIES and EQUITY $3,762.41
=========================================================================
I certify that this statement is a true and accurate representation of the financial
position of the Village of Highland Falls High Point Utility Local Development Corporation
as of the 31st day of December, 2019.
_______________________________
John Willis, Treasurer
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$