9.15.22 OMA Finance Committee Meeting

OBESITY MEDICINE ASSOCIATION Notes To Consolidated Financial Statements (Continued)

3.

Availability And Liquidity The Organizations have a liquidity policy that states that the Organizations will maintain six months or greater of operating expenses in reserves. The following represents the Organizations’ financial assets available for general expenditures within one year at December 31, 2021: Financial assets at year end: Cash 653,814 $ Accounts receivable 87,678 Investments 7,327,510 Total Financial Assets 8,069,002

Less amounts not available to be used within one year: Restricted by donor with time or purpose restrictions

11,590

Financial assets available to meet general expenditures over the next 12 months

8,057,412 $

As of December 31, 2021, the Organizations had $8,057,412 in financial assets available to meet operating cash needs for general expenditures within one year of the consolidated statement of financial position date. DRAFT FOR Related Party Transactions At December 31, 2021, the Foundation owed the Association $3,472. DISCUSSION PURPOSES ONLY 5. Equipment Equipment and accumulated depreciation at December 31, 2021 is as follows: Equipment 106,016 $ Accumulated depreciation (70,611) Net Equipment 35,405 $ 4.

Depreciation expense was $14,165 for the year ended December 31, 2021 .

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