Page 19 - Annual Report 2017-18
P. 19
STATEMENT OF FINANCIAL POSITION
Fiscal Year Fiscal Year
ASSETS: 2017-2018 2016-2017
Cash and cash equivalents $ 5,758,626 $ 4,542,743
Accounts receivable, net of allowance 3,586,873 3,082,642
Investments 193,444,382 171,129,271
Prepaid expenses 2,227,183 2,669,227
Notes receivable, net of allowance 33,580,042 34,945,070
Contributions receivable, net of allowance 1,718,532 2,323,602
Inventories 1,265,714 1,001,487
Other assets 2,311,300 2,356,253
Property, plant and equipment, net of depreciation 130,048,238 131,919,670
Total assets $ 373,940,890 $ 353,969,965
LIABILITIES:
Accounts payable and accrued liabilities $ 27,005,068 $ 27,918,635
Accrued bond interest payable 191,882 342,681
Deposits for agency funds 541,094 517,388
Deferred revenues 33,144,604 29,484,180
Capital lease obligation - 36,086
Other liabilities 17,227,622 23,033,475
Bonds payable, net 84,654,431 86,570,497
Liability on split interest agreements 2,494,784 2,656,233
Government advances for student loans 38,600,622 38,976,647
Total liabilities 203,860,107 209,535,822
NET ASSETS:
Unrestricted 149,503,776 123,794,824
Temporarily restricted 10,147,386 10,027,832
Permanently restricted 10,429,621 10,611,487
Total net assets 170,080,783 144,434,143
Total liabilities and net assets $ 373,940,890 $ 353,969,965
Annual Report | 2017 – 2018 17
Fiscal Year Fiscal Year
ASSETS: 2017-2018 2016-2017
Cash and cash equivalents $ 5,758,626 $ 4,542,743
Accounts receivable, net of allowance 3,586,873 3,082,642
Investments 193,444,382 171,129,271
Prepaid expenses 2,227,183 2,669,227
Notes receivable, net of allowance 33,580,042 34,945,070
Contributions receivable, net of allowance 1,718,532 2,323,602
Inventories 1,265,714 1,001,487
Other assets 2,311,300 2,356,253
Property, plant and equipment, net of depreciation 130,048,238 131,919,670
Total assets $ 373,940,890 $ 353,969,965
LIABILITIES:
Accounts payable and accrued liabilities $ 27,005,068 $ 27,918,635
Accrued bond interest payable 191,882 342,681
Deposits for agency funds 541,094 517,388
Deferred revenues 33,144,604 29,484,180
Capital lease obligation - 36,086
Other liabilities 17,227,622 23,033,475
Bonds payable, net 84,654,431 86,570,497
Liability on split interest agreements 2,494,784 2,656,233
Government advances for student loans 38,600,622 38,976,647
Total liabilities 203,860,107 209,535,822
NET ASSETS:
Unrestricted 149,503,776 123,794,824
Temporarily restricted 10,147,386 10,027,832
Permanently restricted 10,429,621 10,611,487
Total net assets 170,080,783 144,434,143
Total liabilities and net assets $ 373,940,890 $ 353,969,965
Annual Report | 2017 – 2018 17
