Since our inception, the Family Care Network has received an annual audit or review. For the past 30 years, Glenn Burdette, an independent auditing firm, has audited the financial position and the related statements of activities in unrestricted net assets, functional expenses and cash flows of the agency. Government standards require that auditors plan and perform these audits to obtain reasonable assurance about whether the financial statements are free of material misstatements. For each of the years that the Family Care Network has been audited by Glenn Burdette, we have received an unqualified opinion on our fi- nancial statements, meaning that the independent auditing firm believes the financial statements present fairly in all material respects, the financial position, the changes in net assets and the cash flows of the agency. financials June 30, 2018 $3,109,024 $13,996,925 $14,081 $17,120,030 June 30, 2017 $2,606,176 $13,627,860 $18,224 $16,252,260 $2,771,758 $4,973,632 $5,268,747 $4,105,892 $17,120,029 $2,174,223 $5,159,800 $4,192,168 $4,726,069 $16,252,260 ASSETS Current Assets Property and Equipment Other Assets Total Assets Included in Temporarily Restricted Net Assets are seven separate forgivable government loans used for the purchase of eight apartment buildings for the Transitional Age Youth Programs. These loans are scheduled to be forgiven beginning in March 2015 through March 2060. Administration Expenses: 12.8% of total expenditures Administration Costs Include: Director of Financial & Admin. Services, Accounting, a portion of Buildings & Supplies, Human Resources, Information Technology, Information Management LIABILITIES & NET ASSETS Current Liabilities Long-Term Liabilities Unrestricted Net Assets Temporarily Restricted Net Assets Total Liabilities and Net Assets statement of financial position June 30, 2017 & June 30, 2018 supplemental investing & financing information additional financial information 8