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7 PASADENA COMMUNITY ACCESS CORPORATION
Statement of Net Position
June 30, 2023
ASSETS
Current assets:
Cash and cash equivalents 407,833$
Accounts receivable 4,605
Prepaid items 10,798
Deposits 12,420
Restricted cash and cash equivalents 555,842
Total current assets 991,498
Noncurrent:
Capital assets, net 79,068
Total noncurrent assets 79,068
Total assets 1,070,566
LIABILITIES
Current liabilities:
Accounts payable and other liabilities 9,396
Accrued salaries and benefits 23,548
Accrued interest 35
Compensated absences 39,282
Lease payable 27,787
Total current liabilities 100,048
Total liabilities 100,048
NET POSITION
Net investment in capital assets 51,281
Restricted for Public, Educational and Governmental Access 555,842 Unrestricted 363,395
Total net position 970,518$
The accompanying notes are an integral part of these financial statements. 8 3$6$'(1$&20081,7<$&&(66&25325$7,21
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