4. Going Concern Considerations	3 Months Ended
Jun. 29, 2018
Notes
4. Going Concern Considerations	4. Going Concern Considerations As of June 29, 2018, the Partnership’s current liabilities exceed its liquid assets by approximately $2,341,000; such deficit is the result of accrued Management Fees and Administration Fees totaling approximately $2,621,000. The General Partner and its asset management affiliate have historically not required the payment of such fees on a current basis and have agreed to continue to defer receipt of such fees until such time as the Partnership has liquid assets available for payment. Management of the Partnership believes that such deferral will provide the Partnership with the ability to meet its other obligations as they come due for at least the twelve month period beginning on August 3, 2018.

4. Going Concern Considerations

3 Months Ended

Jun. 29, 2018

4. Going Concern Considerations

As of June 29, 2018, the Partnership’s current liabilities exceed its liquid assets by approximately $2,341,000; such deficit is the result of accrued Management Fees and Administration Fees totaling approximately $2,621,000. The General Partner and its asset management affiliate have historically not required the payment of such fees on a current basis and have agreed to continue to defer receipt of such fees until such time as the Partnership has liquid assets available for payment. Management of the Partnership believes that such deferral will provide the Partnership with the ability to meet its other obligations as they come due for at least the twelve month period beginning on August 3, 2018.

AMERICAN TAX CREDIT PROPERTIES III LP 10-Q