Jakarta Local Conference

Combined Statement of Financial Position

As Of October 31, 2024 and 2023

Operating Plant Other 2024 2023

Fund Fund Funds Total Total
ASSETS 15.750.402.359 << Cash 0 18.400.137.179
Current Assets 1.983.798.168 << Agency Liabiliti 0 1.605.320.621
Cash and Cash Equivalents (Note 3) 13,766,604,191 0 13,766,604,191 16,794,816,558
Investments (Note 4) 0 0 0 0
Accounts Receivable Gross 11,725,507,499 0 11,725,507,499 19,271,965,860
Allowance for Doubtful Accounts (841,752,777) 0 (841,752,777) (721,040,124)
Accounts Receivable- Net (Note 5) 10,883,754,723 0 10,883,754,723 18,550,925,737
Cash Held for Agency (Note 3) 1,983,798,168 0 1,983,798,168 1,605,320,621
Loans Receivable (Note 6) 0 0 0 0
Supplies and Prepaid Expenses (Note 7) 1,161,457,303 0 1,161,457,303 1,870,896,562
Inter-Fund Receivables - Current 0 0 0
Total Current Assets 27,795,614,385 0 0 27,795,614,385 38,821,959,478

Fixed Assets - Net (Note 8)

For Use by JLC, Net (Note 8) 0 4,592,465,337 0 4,592,465,337 4,846,234,233
For Use by Affiliated Entities, Net (Note 8)
Total Fixed Assets 0 4,592,465,337 0 4,592,465,337 4,846,234,233

Other Assets
Loans Receivable - Non-Current (Note 6) 0 0 0 0 0
Investments in Current Asset Accounts 11xxxxxx 0 0
Cash 0 0
Investments in Non-Current Asset Accounts 0 0 0 0
Cash and Investments - Non-Current (Note 4) 0 0 0 0 0
Other Assets - Non-Current 8,916,705,017 0 0 8,916,705,017 6,900,118,042

Total Other Assets 8,916,705,017 0 0 8,916,705,017 6,900,118,042

Total Assets 36,712,319,402 4,592,465,337 0 41,304,784,740 50,568,311,752

LIABILITIES
Current Liabilities
Overdrawn Cash (Note 10) 0 0 0 0 0
Accounts Payable (Note 10) 2,572,009,517 0 0 2,572,009,517 2,465,059,197
Offerings and Agency (Note 11) 1,983,798,168 0 0 1,983,798,168 1,605,320,621
Loans Payable - Current (Note 12) 0 0 0 0 0
Other Payables - Current (Note 13) 0 0 0 0 0
Inter-Fund Accounts Payable - Current (Note 12) 0 0 0
Total Current Liabilities 4,555,807,685 0 0 4,555,807,685 4,070,379,818

Other Liabilities
Loans Payable - Non-Current (Note 12) 0 0 0 0 0
Other Payables - Non-Current 3,992,043,743 0 0 3,992,043,743 4,830,633,713
Inter-fund Loans Payable - Non-Current 0 0 0
Total Other Liabilities 3,992,043,743 0 0 3,992,043,743 4,830,633,713

Total Liabilities 8,547,851,428 0 0 8,547,851,428 8,901,013,531

NET ASSETS
Unallocated Net Assets - Tithe 20,691,772,325 0 20,691,772,325 24,108,976,837
Unallocated Net Assets - Non-tithe 5,506,465,175 0 5,506,465,175 9,953,823,878
Allocated Net Assets 1,966,230,474 0 0 1,966,230,474 2,758,263,273
Unexpended Plant 0 0 0
Invested in Plant 4,592,465,337 4,592,465,337 4,846,234,233
Total Net Assets 28,164,467,974 4,592,465,337 0 32,756,933,311 41,667,298,221

Total Liabilities & Net Assets 36,712,319,402 4,592,465,337 0 41,304,784,740 50,568,311,752

Inter-fund borrowing is eliminated in the total column.

The accompanying notes are an important part of these financial statements.

Extracted on: 13/11/2024 at 15.48 [ver. 2.1]

Jakarta Local Conference
Combined Statement of Financial Activity
For Ten Months Ending October 31, 2024 and 2023

OperatingFund PlantFund OtherFunds Total Budget Total

2024 2024 2023

OPERATING ACTIVITY
Operating Income
Tithe Income, Net (Note 14) S-15 71.354.041.356 0 71.354.041.356 83.450.601.668 80.631.377.001
Offering Income & Specific Donations S-16 3.656.951.975 0 3.656.951.975 3.750.000.001 3.496.134.361
Investment Income (Note 4) 296.395.432 0 296.395.432 200.000.000 120.509.693
Gain(Loss) From Investments 0 0 0 0 0
Other Operating Income S-17 983.056.490 0 983.056.490 437.500.000 410.004.569
Exchange Gain and (Loss) - General 0 0 0 0 0
Tithe/Non-tithe Exchange 0 0 0 0 0
Total Earned Operating Income 76.290.445.253 0 76.290.445.253 87.838.101.669 84.658.025.624

Operating Expenses
Employee Related Expenses (Note 19) S-18a 39.772.294.335 0 39.772.294.335 51.171.300.827 43.929.303.854
Travel Expenses S-18b 0 0 0 0 0
Program Specific Expenses S-18c 0 0 0 0 0
Administrative Expenses S-19 1.920.673.157 0 1.920.673.157 2.279.166.667 1.566.964.105
Office Expenses S-20a 2.389.113.490 0 2.389.113.490 2.990.833.334 1.957.982.398
General Expenses S-20b 24.448.399.655 0 24.448.399.655 30.691.427.500 26.211.740.914
Plant Operation Expenses S-21 151.574.381 412.973.001 564.547.382 575.000.000 393.093.109
Investment Expense 0 0 0 0 0
Other Property Expense 0 0 0 0 0
Total Operating Expense 68.682.055.018 412.973.001 69.095.028.019 87.707.728.328 74.059.084.380
Increase (Decrease) Before Approp 7.608.390.235 -412.973.001 7.195.417.234 130.373.342 10.598.941.244

Operating Appropriations
Tithe Appropriation Received S-22 0 0 0 0 0 0
Tithe Appropriation Disbursed S-23 0 0 0 0 0 0
Non-tithe Appropriation Received S-24 0 0 0 0 0 0
Non-tithe Appropriation Disbursed S-25 0 0 0 0 0 0
Exchange Gain(Loss) - Appropriation 0 0 0 0 0 0
Net Appropriation Retained 0 0 0 0 0
Increase (Decrease) from 7.608.390.235 -412.973.001 7.195.417.234 130.373.342 10.598.941.244

CAPITAL ACTIVITY
Capital Appropriations Received 0 0 0 0 0 0
Exchange Gain/Loss - Capital Appropriation 0 0 0 0 0 0

Operating Fund Capital Income 0 0 0 0 0

Plant Fund Capital Income 0 0 0 0

Other Capital Income (Note 17) 0 0 0 0 0 0

Capital Appropriations Disbursed 0 0 0 0 0 0
Other Capital Expenses 0 -507.604.502 0 -507.604.502 0 -4.722.222
Net Capital Increase (Decrease) 0 -507.604.502 0 -507.604.502 0 -4.722.222
Increase (Decrease) from Operations & Plant 7.608.390.235 -920.577.504 0 6.687.812.731 130.373.342 10.594.219.022

OTHER FUND
Non-Operating Income
Tithe Income, Net (Note 14) S-15 0 0 0 0
Offering Income & Specific Donations S-16 0 0 0 0
Investment Income (Note 4) 0 0 0 0
Gain(Loss) From Investments 0 0 0 0
Other Operating Income S-17 0 0 0 0
Exchange Gain and (Loss) - General 0 0 0 0
Tithe/Non-tithe Exchange 0 0 0 0
Total Earned Operating Income 0 0 0 0 0 0

Non-Operating Expenses
Employee Related Expenses (Note 19) S-18 0 0 0 0
Travel Expenses 0 0 0 0
Program Specific Expenses 0 0 0 0
Administrative Expenses S-19 0 0 0 0
Office Expenses S-20a 0 0 0 0
General Expenses S-20b 0 0 0 0
Plant Operation Expenses S-21 0 0 0 0
Investment Expense 0 0 0 0
Other Property Expense 0 0 0 0
Total Operating Expense 0 0 0 0 0 0
Net Other Funds Increase (Decrease) 0 0 0 0 0 0
Increase (Decrease) Before Transfers 7.608.390.235 -920.577.504 0 6.687.812.731 130.373.342 10.594.219.022

TRANSFERS
Transfers Between FUNCTIONS/RESOURCES 0 0 0 0 0 0
Transfers Between FUNDS -740.475.922 740.475.922 0 0 0 0

Net Assets Increase (Decrease) for the 6.867.914.313 -180.101.582 0 0 6.687.812.731 130.373.342 10.594.219.022
Net Assets, January 1, 2024 35.444.735.192 4.772.566.919 0 40.217.302.111 31.073.079.199
Adjusment Fund Balance Unallocated -14.148.181.531 -14.148.181.531
tithe & non tithe
Net Assets, October 31, 2024 28.164.467.974 4.592.465.337 0 32.756.933.311 41.667.298.221
Jakarta Local Conference
Statement of Cash Flows
For Ten Months Ending October 31, 2024

OperatingFun OtherFund Total Total

PlantFund
d s 2024 2023
Cash Flows from Operating Activities:
Increase (Decrease) in Net Assets 6.867.914.313 -180.101.582 0 6.687.812.731 10.594.219.022
Adjustments to eliminate non-cash items and
reclassify non-operating items:
Depreciation Expense 0 412.973.001 0 412.973.001 211.355.827
Allowance for Doubtful Accounts 0 0 0 0 -1.515.203.014
Asset Disposal or Retirement 0 507.604.502 0 507.604.502 4.722.222
Proceeds from Sale of Plant Assets 0 0 0 0 0
Gain or Loss in Fair Value of Investments 0 0 0 0 0
Current AR (Row Hidden When Extracted) 11.725.507.499 0 0 19.271.965.860
Beginning AR At Start of Year (Row Hidden When Extracted) 23.852.183.011 0 0 20.392.755.218
Decrease (Increase) in Accounts Receivable 12.126.675.512 0 0 12.126.675.512 1.120.789.358
Decrease (Increase) in Notes Receivable 0 0 0 0 0
Decrease (Increase) in Inventories -4.528.305 0 0 -4.528.305 0
Decrease (Increase) in Prepayments and Other Current Assets -142.622.554 0 0 -142.622.554 762.892.233
Current AP (Row Hidden When Extracted) 2.572.009.517 0 0 2.465.059.197
Beginning AP At Start of Year (Row Hidden When Extracted) 7.309.318.987 0 0 2.629.110.780
Increase (Decrease) in Accounts Payable -4.737.309.469 0 0 -4.737.309.469 -164.051.582
Increase (Decrease) in Notes Payable 0 0 0 0 0
Increase (Decrease) in Other Current Liabilities 213.230.737 0 0 213.230.737 105.736.799

Net Cash Provided (Used) by Operating Activities 14.323.360.233 740.475.922 0 15.063.836.155 11.120.460.864

Cash Flows from Investing Activities:

All Credits to Investment Account This Year 2.100.000.000 0 0 0

Changes in Valuation Account During Year 0 0 0 0
Unrealized Gain or Loss 0 0 0 0
Realized Gain or Loss on Investments 0 0 0 0
Proceeds from Maturity of Investments 2.100.000.000 0 0 2.100.000.000 0
Purchase of Investments (Net) 0 0 0 0 0
Proceeds from Sale of Plant Assets 0 0 0 0 0
Increase in Plant Fund Cash 0 0 0 0
Purchase of Plant Assets 0 -740.475.922 0 -740.475.922 -1.132.571.300
Purchase of Plant WIP 0 0 0 0 0
Purchase of Other Long-term Assets 483.413.025 0 0 483.413.025 0
Notes Receivable Issued 0 0 0 0 0

Net Cash Provided (Used) by Investing Activities 2.583.413.025 -740.475.922 0 1.842.937.103 -1.132.571.300

Cash Flows from Financing Activities

Principal Payments made on Long-term Debt -1.651.665.007 0 0 -1.651.665.007 -705.237.537

Proceeds from Long-term Debt 0 0 0 0 0
Proceeds (Payments) from Interfund Borrowing 0 0 0 0 0

Net Cash provided (used) by Financing Activities -1.651.665.007 0 0 -1.651.665.007 -705.237.537

Net Increase (Decrease) in Cash and Cash Equivalents 15.255.108.251 0 0 15.255.108.251 9.282.652.027
Adjusment Fund Balance Unallocated tithe & non tithe 14.148.181.531 14.148.181.531
Beginning Cash and Cash Equivalents - Includes Agency Cash (Overdraft) 14.643.475.639 0 0 14.643.475.639 9.117.485.152
Ending Cash and Cash Equivalents - Includes Agency Cash (Overdraft) 15.750.402.359 0 0 15.750.402.359 18.400.137.179
15.750.402.359 0 18.400.137.179
1.983.798.168 0 1.605.320.621
Less Cash Held for Agency 1.983.798.168 0 0 1.983.798.168 1.605.320.621
Cash and Cash Equivalents (Note 3) 13.766.604.191 0 0 13.766.604.191 16.794.816.558

Overdrawn Cash (Note 10) 0 0 0 0 0

 Jakarta Local Conference
Notes to the Financial Statements
As Of October 31, 2024 and 2023
2024 2023

NOTE 22 - WORKING CAPITAL & LIQUIDITY [NEW 2021 CALCULATION]

WORKING CAPITAL
Core Expenses:
Operating Expenses
Total Operating Expense 86,090,090,283 89,809,641,200
(Minus) Cost of goods sold 0 0
(Minus) Appropriations 0 0
(Minus) Depreciation 0 0
(Minus) Capital expenses 0 0
Optional
(Reduce) Portion Paid by Current Assets Held for Donor
Restrictions
0 0
86,090,090,283 89,809,641,200

Net Outgoing Appropriations:

Appropriation Received 0 0
Appropriation Disbursed 0 0
Exchange Gain(Loss) - Appropriation 0 0
0 0

Operating Expenses 86,090,090,283 89,809,641,200

Net Outgoing Appropriations: 0 0
Total Core Expenses 86,090,090,283 89,809,641,200

Available Working Capital:

Current Assets without Long Term Investment
Current Assets 27,795,614,385 38,821,959,478
(Minus) Long Term Investment 0 0
27,795,614,385 38,821,959,478

Current Assets 27,795,614,385 38,821,959,478

Minus: Current Liabilities (4,555,807,685) (4,070,379,818)
Working Capital 23,239,806,699.85
34,751,579,659.47
Minus: Current Assets Held for Donor Restrictions 0 0
Available Working Capital 23,239,806,700 34,751,579,659

Recommended Minimum Available Working Capital

Six months of Core Expenses 43,045,045,141 44,904,820,600
Surplus/(Shortfall) in Recommended Minimum Available Working Capital (19,805,238,441)(10,153,240,941)
Available Working Capital in Months (a minimum of 6 months recommended) 3.2 4.6 Months
The governing board requires the Organization to have 6.0 6.0 Months
Available Working Capital of at least:

LIQUIDITY STATEMENT
Available Liquid Current Assets
Cash and Cash Equivalents 13,766,604,191 16,794,816,558
Cash Held for Agency 1,983,798,168 1,605,320,621
Local Church Remittances (As applicable) 0 0
Investments 0 0
Receivable From WIUM 1,423,084,857 329,736,124
Total Liquid Current Assets 17,173,487,217 18,729,873,303
Minus: Current Liabilities (4,555,807,685) (4,070,379,818)
Minus: Current Assets Held for Donor Restrictions 0 0
Extracted on: 13/11/2024 at 15.50 [ver. 2.1]
 Available Liquid Assets 12,617,679,531 14,659,493,485

Recommended Liquid Assets

Three months of Core Expenses 21,522,522,571 22,452,410,300
Surplus/(Shortfall) in Recommended Minimum Available Liquid Assets (8,904,843,039) (7,792,916,815)
Available Liquid Assets in Months (a minimum of three months recommended) 1.8 2.0 Months
The governing board requires the Organization to have
Available Liquid Assets of at least
3.0 3.0 Months

NOTE 22 - WORKING CAPITAL & LIQUIDITY [FORMER CALCULATION]

WORKING CAPITAL
Current Assets 27,795,614,385 38,821,959,478
Current Liabilities 4,555,807,685 4,070,379,818
Actual Working Capital 23,239,806,700 34,751,579,659

Section hidden/Shown upon extraction [Hide Prompt]:

Operating Expenses for the Past 12 Months 86,596,324,327 90,059,738,709
Total All Appropriations 0 0

Recommended Working Capital

Percentage of Operating Appropriations to Organizations 0.00% 0 0
Percentage of Operating Expenses 20.00% 17,319,264,865 18,011,947,742
Allocated Net Assets 1,966,230,474 2,758,263,273
Recommended Working Capital 19,285,495,340 20,770,211,015
Excess (Deficiency) of Actual over Recommended 3,954,311,360 13,981,368,644

Percentage of Actual to Recommended Working Capital 120.50% 167.31%

Current Ratio 6.10 9.54

LIQUIDITY STATEMENT
Cash and Cash Equivalents 15,750,402,359 18,400,137,179
Investments 0 0
Receivable From WIUM 1,423,084,857 329,736,124
Total Liquid Assets 17,173,487,217 18,729,873,303

Less Commitments:
Current Liabilities 4,555,807,685 4,070,379,818
Allocated Net Assets 1,966,230,474 2,758,263,273
Total Commitments 6,522,038,160 6,828,643,091

Net Liquid Assets 10,651,449,057 11,901,230,212

Percentage Liquid Assets to Commitments 263,31% 274,28%

Extracted on: 13/11/2024 at 15.50 [ver. 2.1]