Metropolitan Family Services FY21 Financials

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STATEMENT OF ACTIVITIES

Years Ended June 30, 2021 and 2020
Amounts in 000’s

OPERATING REVENUE	2021	2020
Government Grants	65,526	50,281
Program Service Fees	9,235	9,964
Contributions	9,263	17,220
United Way	1,559	2,143
Endowment Payout	1,668	1,668
Income from Trusts & Other Income	8,257	6,980
*TOTAL OPERATING REVENUE*	*95,508*	*88,256*

OPERATING EXPENSES PROGRAM EXPENSES	2021	2020
Emotional Wellness	25,921	26,801
Empowerment	22,366	18,770
Education	22,157	22,299
Economic Stability	12,647	8,454
Total Program Expenses	83,091	76,324
Management & General	9,691	9,332
Fund Raising	2,533	3,074
*TOTAL OPERATING EXPENSES*	*95,315*	*88,730*
OPERATING SURPLUS (DEFICIT)	193	(474)

OTHER CHANGES IN NET ASSETS	2021	2020
Depreciation & Amortization	(862)	(805)
Net Investment Gains (Losses)	11,995	(2,373)
Change in Pension Liability	4,354	(1,202)
Change in Market Value of Interest Rate Swap	1,011	(899)
Other	(1,521)	(17)
*NON OPERATING ACTIVITY*	*14,977*	*(5,296)*
*TOTAL CHANGE IN NET ASSETS*	*15,170*	*(5,770)*
*NET ASSETS AT BEGINNING OF YEAR*	*58,732*	*64,502*
*NET ASSETS AT END OF YEAR*	*73,902*	*58,732*
Contribution for Goods and Services	3,388	2,454

BREAKDOWN OF EXPENSES

FY21

STATEMENT OF FINANCIAL POSITION

June 30, 2021 and 2020
Amounts in 000’s

ASSETS	2021	2020
Cash	13,512	3,446
Receivables	13,507	13,320
Investments	50,732	40,896
Interest in trusts	19,873	16,604
Property and equipment	20,683	21,450
Other	1,067	1,009
*TOTAL ASSETS*	*119,374*	*96,725*

LIABILITIES AND NET ASSETS	2021	2020
Accounts payable and accruals	9,724	6,800
Due to INVC	1,357	0
Investment Bond	2,500	2,500
Line of credit	0	876
PPP Loan	9,670	0
Notes payable	0	1,123
Bonds payable	12,700	12,700
Pension liability	2,749	7,972
Other	6,772	6,022
*TOTAL LIABILITIES*	*45,472*	*37,993*
*NET ASSETS*	*73,902*	*58,732*
*TOTAL LIABILITIES AND NET ASSETS*	*119,374*	*96,725*