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18 A R C H D I O C E S E O F D E N V E R STATEMENTS OF FINANCIAL POSITION As of June 30, 2017 and 2016 2017 2016 A SSE T S Cash & cash equivalents $80,664 $96,308 Prepaid expenses & other assets 17,727 99,421 Accounts & other receivables, net 88,794 77,734 Due from other related entities & parishes 750,117 410,596 Propety & equipment, net 240,018 294,705 Total assets $1,177,320 $978,764 LI A BILITIE S Accounts payable & accrued expenses $842,959 $959,108 Due to other related entities 796,774 302,885 Total liabilities $1,639,733 $1,261,993 NE T A SSE T S Unrestricted ($462,413) ($283,229) Total liabilities & net assets $1,177,320 $978,764 STATEMENTS OF FINANCIAL POSITION As of June 30, 2017 and 2016 2017 2016 A SSE T S Cash & cash equivalents $61,008 $14,589 Prepaid expenses - 826 Restricted investments 16,049,005 15,193,972 Total assets $16,110,013 $15,209,387 LI A BILITIE S & NE T A SSE T S Accounts payable $2,281,412 $628,088 NE T A SSE T S Unrestricted $13,828,601 $14,581,299 Total liabilities & net assets $16,110,013 $15,209,387 Cemeteries Perpetual Care Trust e Perpetual Care Trust funds are dedicated in perpetuity for the ongoing maintenance of the beautiful pastoral setting that characterizes both Mount Olivet and St. Simeon cemeteries. Archdiocese of Denver Management Corporation Formed in March 1999, e Archdiocese of Denver Man- agement Corporation is a Colorado nonprot corpora- tion that provides payroll, accounting, legal, real estate, construction, human resources and other management services to the archdiocese, the parishes in northern Colorado and various ecclesiastical entities, pursuant to service agreements. STATEMENTS OF ACTIVITIES Years ended June 30, 2017 and 2016 2017 2016 SUPP OR T & RE V ENUE Investment income (loss), net $1,532,413 ($43,799) Total suppot & revenue $1,532,413 ($43,799) E X PENSE S Gifts & gants $2,271,554 $618,616 Suppot & administative expenses 13,557 17,869 Total expenses $2,285,111 $636,485 (Decrease) in net assets ($752,698) ($680,284) STATEMENTS OF ACTIVITIES Years ended June 30, 2017 and 2016 2017 2016 SUPP OR T & RE V ENUE Management & sevice fees $7,919,689 $7,620,243 Other (expense) 368 (2,409) Total suppot & revenue $7,920,057 $7,617,834 E X PENSE S Suppot & administative expenses $8,099,241 $7,707,860 Total expenses $8,099,241 $7,707,860 (Decrease) in net assets ($179,184) ($90,026)