Jackson Jambalaya

where is the statement ?

That's not really a huge loss. A little more TLC for the property and they may find that they could increase revenue?

Looking at their balance sheet, they're overdrawn on their checking account by $220 and they have liabilities of $2,137,086 with no apparent way to pay them. I'm glad they don't owe me money!!

Looks insolvent to me....

140 in current asstes (including whatever the hell
is 'animal collections' for 87,000)

vs current liabilities of 650,000

not to mention 'notes' payable.
usually,,, 'notes' imply short term

good luck with dat

Apparently they are not paying the Water/Sewer Bill - but, accruing a liability

Time to blame it on racist white people while sponsoring a fundraiser in the whitest part of town. Alert the JFP!

Close the zoo. It isn't a priority.

Moot point if they loose their AZA appeal. They lost accreditation over financial instability and they appealed based on a promise of a 1 year city bail out. AZA accreditation last for 5 years so if you think that AZA board is not going to look at long term viability, I fear you will be sadly disappointed.

They have not paid a water bill THIS YEAR!!!! Bill is currently $800, 000+. This should researched and reported too!

"Animal collections" (assets) are the estimated value of the zoo animals themselves -- what they could get from other zoos (etc) for those animals. Usually zoos don't buy/sell with each other (in USA), they do breeding/exhibit swaps (eg Cincinnati zoo gives two baboons and a female zebra to the Dallas zoo in exchange for breeding rights to the baboons first male offspring and a giraffe). However most zoos won't or can't (even if they wanted to) work with unaccredited zoos or zoos in bad condition - most zoo insurance programs (yes there is zoo liability and loss insurance) require all animals are kept at accredited (AZA) zoos and usually zoos still "own" the animals they swap (ie San Diego zoo owns a rhino held at the National Zoo Smithsonian at was part of a breeding arrangement or whatever).

The assets are estimates for insurance purposes - they are not liquid.

I would not take my kids to "Boo at the Zoo" tonight if you gave me tickets and food for free AND paid me $100 to go. It's not worth the risk.

11:43. For accounting purposes, assets like the animals are on the financials at cost, not market value. Unless they're making a departure from generally accepted accounting principals, I would assume that to be the case here. If they made a departure they should disclose it. Yes, I'm a CPA.

For the CPA, Would you name such an asset 'animal collections' ?

3:18- I don't really have a problem with what calling it Animal Collections as long as it adequately describes what makes up the account.

6:41 said I don't really have a problem with what calling it Animal Collections as long as it adequately describes what makes up the account.

it seems unlikely that zoo animals (whether carried at cost or nominal value) would be considered a current asset.

I am just trying to get a handle on what in the world is "animal collection"

Someone earlier suggested it could possibly be related to trades or swaps with other zoos. maybe some other zoo owes Jackson zoo a breeding with a zebra or something like that...

otherwise, I am left with the notion that 'animal collections' might be the big pile of SH*^T collected from the animals.....

Even us non CPA's can smell a stinker

Meanwhile, back at the Zoo.

Sadly, Obama's Special Ops drones have made Central Africa another battleground in pursuit the ubiquitous "terrorist."