Exhibit 5-7 - Sample Financial Statements



SAMPLE FINANCIAL STATEMENT**UNAUDITED**CITY OF LIGHTSCAPITAL PROJECTS FUNDSTATEMENT OF REVENUES, EXPENDITURES & CHANGES IN FUND BALANCE FOR THE YEAR ENDED JUNE 30, 20____REVENUES:Disaster Recovery CDBG Program$54,345City 7,455TOTAL Revenues$61,800EXPENDITURES:Administrative Services$12,500Engineering Services 25,700Project Construction 23,800TOTAL Expenditures$61,800EXCESS (DEFICIENCY)OF REVENUES OVER EXPENDITURES - 0 – FUND BALANCE, BEGINNING - 0 –FUND BALANCE, ENDING - 0 –**UNAUDITED**CITY OF LIGHTSCAPITAL PROJECTS FUNDBALANCE SHEETFOR THE YEAR ENDED JUNE 30, 20____ASSETS:Cash$ 1,500Grant Revenues Receivable 18,450TOTAL ASSETS$19,950LIABILITIES & FUND EQUITY:Accounts Payable$17,370Due to City 2,480Unearned Revenue - 0 –TOTAL LIABILITIES$19,950FUND BALANCE - 0 –TOTAL LIABILITIES AND FUND EQUITY$19,950 ................
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