Magazine article American Jails

Financial Statement for Fiscal Year Ending December 31, 2017

Magazine article American Jails

Financial Statement for Fiscal Year Ending December 31, 2017

Article excerpt

We are pleased to provide the American Jail Association's Financial Statement for the fiscal year ending December 31, 2017.

In accordance with the bylaws of the American Jail Association, the books of account of the organization have been audited by the independent auditing firm of Smith, Elliott, Kearns & Company, LLC. The audit produced an opinion based on review of our financial statements and accounting practices that the changes in our net assets and cash flow for the calendar year ending December 31, 2017 were in accordance with Generally Accepted Accounting Principles (GAAP). Further, that in the opinion of the auditors, the organization's financial statements present fairly, in all material respects, the financial position of the American Jail Association for the year ending December 31, 2017.

In summary, AJA had assets and liabilities of $1,851,096 in 2017, compared to $1,905,966 in 2016. Total revenues for 2017 were $1,760,282 compared to $1,830,615 in 2016. Total expenses in 2017 were $1,812,285 compared to $1,774,126 in 2016.

This resulted in a net to fund balance of ($52,003) in 2017, compared to a net to fund balance of $56,489 in 2016. In addition, we had net unrealized and realized gains on investments of $75,805 resulting in a total net income for the year of $23,802. This has increased our fund balance, or retained earnings, to $962,069. The highlights of the Audit Report are as follows.

Revenue

Overall, operating and conference revenue for 2017 was $1,760,282. Most revenue categories, with the exception of a few, were within several percentage points compared year over year and to budget. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.