The following questions refer to Sacred Heart Community Services.

• Who is the organization, what do they do?

• What is their basis of accounting? of presentation?

• How do they handle estimates?

• Cash decreased between the two years, why?

• What other asset or liabilities changed significantly?

• What percentage of their total expenses is wages? What is the percentage of program expenses to total expenses?

• Would you fund this organization? Why or why not? What else might you need to know?

STATEMENT OF FINANCIAL POSITION une 30, 2014 with Comparative Totals as of June 30, 2013 ASSETS CURRENT ASSETS Cask and Cash Equivalest Grarts Feceitable Currest Portion of Uacoeditional Promises to Gire, Net 518,201 116415 10,373 1392108 1424 65,792 7276 23,624 Prepaid Expesses and Or Total Current A PROPERTY AND EQUIPMENT,NET OTHERASSETS Uscendtioeal Promises to Give, Net Eestricted Cash for Facility Improvemeats sreitments Held fer Esdowment Purpcses 0,000 485,679 47,747 Total Other Assets TOTAL ASSETS LIABILITIES AND NET ASSETS CURRENT LIABILITIES: Accousts Payable Accraed Liablities Defered Reveue Line of Credit 121,017 12934 410.404 17,377 62329 73,744 Total Current Liabilties NET ASSETS Uerestricted Net Assets Bord Desigaated Operating Reserve Fund Bourd Desigaated Eadoaneet Fund Property and Equipment Fund 384,833 242,116 130,045 34989 Tctal Uarestricted Net Asets Tempocurly Restricted Nes Ase Permasenly Restricted Net Amts 4,992,538 7090 05293 Total Net Assets TOTAL LIABILITIES AND NET ASSETS STATEMENT OF FUNCTIONAL EXPENSES Year Ended June 30, 2014 with Comparative Totals for the Year Ended June 30, 2013 543390 141 STATEMENT OF FUNCTIONAL EXPENSES Continoed) Year Ended June 30, 2014 with Comparative Totals for the Year Ended June 30, 2013 STATEMENT OF FINANCIAL POSITION une 30, 2014 with Comparative Totals as of June 30, 2013 ASSETS CURRENT ASSETS Cask and Cash Equivalest Grarts Feceitable Currest Portion of Uacoeditional Promises to Gire, Net 518,201 116415 10,373 1392108 1424 65,792 7276 23,624 Prepaid Expesses and Or Total Current A PROPERTY AND EQUIPMENT,NET OTHERASSETS Uscendtioeal Promises to Give, Net Eestricted Cash for Facility Improvemeats sreitments Held fer Esdowment Purpcses 0,000 485,679 47,747 Total Other Assets TOTAL ASSETS LIABILITIES AND NET ASSETS CURRENT LIABILITIES: Accousts Payable Accraed Liablities Defered Reveue Line of Credit 121,017 12934 410.404 17,377 62329 73,744 Total Current Liabilties NET ASSETS Uerestricted Net Assets Bord Desigaated Operating Reserve Fund Bourd Desigaated Eadoaneet Fund Property and Equipment Fund 384,833 242,116 130,045 34989 Tctal Uarestricted Net Asets Tempocurly Restricted Nes Ase Permasenly Restricted Net Amts 4,992,538 7090 05293 Total Net Assets TOTAL LIABILITIES AND NET ASSETS STATEMENT OF FUNCTIONAL EXPENSES Year Ended June 30, 2014 with Comparative Totals for the Year Ended June 30, 2013 543390 141 STATEMENT OF FUNCTIONAL EXPENSES Continoed) Year Ended June 30, 2014 with Comparative Totals for the Year Ended June 30, 2013