Indian Gaming Association Notes to Financial Statements Note 1: Summary of Significant Accounting Policies (Continued) Subsequent Events
IGA has evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through , which is the date the financial statements were available to be issued. Note 2: Cash and Cash Equivalents
Cash consists of the following at December 31, 2025 and 2024:
2025
2024
Cash
$ 395,599 $ 821,899
1 Restricted cash
250,116
126,000
2 Deposits held by others
2,112,962 2,115,493
Total
$ 2,758,677 $ 3,063,392
1 Refer to Note 8 2 The bank account is under the name of Clarion Events, Inc.
As of December 31, 2025, the bank balance was $3,153,197 for the deposit accounts which are carried on the books at $2,758,677. The difference is timing and reconciling items. Of the $3,153,197 bank balance, $645,877 is under IGA's name. The remaining $2,507,320 is under Clarion Events, Inc. Of the $645,877 bank balance under IGA's name, $395,877 is uninsured by the financial institutions. Note 3: Liquidity and Availability of Financial Resources Financial assets available for general expenditure, that is, without donor or other restrictions or designations limiting their use, within twelve months of the statement of net position date, comprise the following as of December 31, 2025 and 2024:
2025
2024
Cash
$ 395,599 $ 821,899 2,112,962 2,115,493
Deposits held by others Accounts receivable
144,950
40,015
Total
$ 2,653,511 $ 2,977,407
IGA does not have a formal liquidity policy.
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