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Reso 2010-1605
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Reso 2010-1605
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Last modified
5/20/2016 4:53:50 PM
Creation date
1/13/2011 2:04:28 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2010-1605
Date (mm/dd/yyyy)
09/16/2010
Description
RFP 10-07-02, Agmt w/Shoreline Foundation Demo/Construct Fishing Pier
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SHORELINE FOUNDATION, INC. <br /> • <br /> BALANCE SHEET <br /> DECEMBER 3].2009 <br /> ASSETS <br /> CURRENT ASSETS: <br /> Cash -'2 <br /> S 05.717 <br /> Accounts receivable- trade 6.7S 1.107 <br /> Accounts receivable-other 235.156 <br /> Costs and estimated earnings in excess <br /> of billings or uncompleted contracts 269.450 <br /> Total current assets 9.491,430 <br /> PROPERTY AND EQUIPMENT. net of accumulated <br /> depreciation of 57229.602 2,526.557 <br /> OTHER ASSETS __ 435 <br /> TOTAL S12.318.452 <br /> LIABILITIES AND STOCKHOLDERS' EQUITY <br /> CURRENT LIABILITIES: <br /> Accounts payable- trade S 1.670,344 <br /> Accrued expenses 156.117 <br /> Billings in excess of costs and estimated <br /> earnings on uncompleted contracts 2.213,321 <br /> Current portion of long-term debt - 42,365 <br /> Total current liabilities 4,033.150 <br /> COMINUT\IENTS AND CONTINGENCIES(Note 6 S 7) <br /> STOCKHOLDERS' EQUITY: <br /> Common stock.SI par value: 100 shares authorized, <br /> issued and outstanding , 100 <br /> Treasury stock.at cost, 15 shares (675.000) <br /> Additional paid-in capital 235.710 <br /> Retained earnings 8.666.492 <br /> Total stockholders'equity 3.230.302 <br /> TOTAL S 12.318.452 <br /> See Accompanying Notes and Independent Auditors' Report <br />
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