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Financial Information – 2017 Keystone Human Services and
Controlled Affiliates

Consolidated Statements of Financial Position
June 30, 2017 and 2016
             
Liabilities and Net Assets   2017   2016
Current liabilities:
  Accounts payable $ 2,685,148   2,927,168
  Accruals:        
    Payroll and taxes   7,120,193   7,630,102
    Workers’ compensation benefits   1,591,868   1,803,226
    Retirement plan   144,996   142,875
  Current portion of long-term debt   2,615,881   3,258,456
  Other current liabilities   2,198,318   1,478,151
    Total current liabilities   16,356,404   17,239,978
 
Long-term liabilities:
  Debt, net of current portion   21,825,971   18,432,346
  Line of credit   12,861,454   7,418,605
  Other long-term liabilities   5,631,235   4,812,425
    Total liabilities   56,675,064   47,903,354
 
Net assets:
  Unrestricted   24,598,517   23,306,836
  Temporarily restricted   1,147,263   1,052,833
    Total net assets   25,745,780   24,359,669
    Total liabilities and net assets $ 82,420,844   72,263,023

Complete audited financial statements are on file at the Administrative Offices of Keystone Human Services and are available upon request.