| FGQGEN35A Exhibit F 10/03/2003 |
MICHIGAN TECHNOLOGICAL UNIVERSITY Combining Statement of Net Assets As of 6/30/03 |
| Description | Current Unrestricted |
Expendable Restricted Fund |
Student Loan Fund |
Plant Fund |
Agency Fund |
Combined | ||
| ASSETS | ||||||||
| Cash and cash equivalents | 6,007,490 | 1,481,247 | 1,898,714 | 12,332,133 | 934,711 | 22,654,296 | ||
| Accounts and Notes Receivable/net | 10,850,047 | 5,095,838 | |
139,015 | 55,395 | 16,140,298 | ||
| Inventories | 1,242,297 | |
|
|
|
1,242,297 | ||
| Deposits | 244,000 | |
|
|
|
244,000 | ||
| Prepaid Expenses | 49,851 | |
|
14,759 | |
64,611 | ||
| Current Assets |
18,393,653 |
6,577,053 |
1,898,710 |
12,485,904 |
990,114 |
40,345,434 | ||
| Student Loans Receivable/net | |
|
10,948,289 | |
|
10,948,289 | ||
| Investments | |
|
|
|
|
|
||
| Capital assets/net of depreciation | |
|
|
165,764,084 | |
165,764,084 | ||
| Non-Current Assets |
|
|
10,948,285 |
165,764,080 |
|
176,712,365 | ||
|
|
|
|
|
|
|
|||
| ASSETS |
18,393,687 |
6,577,085 |
12,847,003 |
178,249,993 |
990,107 |
217,057,878 | ||
| LIABILITIES | ||||||||
| Accounts Payable | 1,535,262 | 306,111 | |
264,610 | 110,330 | 2,216,315 | ||
| Accrued Liabilities | 5,257,073 | |
|
|
879,777 | 6,136,850 | ||
| Unearned revenue | 1,311,774 | 3,373,996 | |
|
|
4,685,771 | ||
| Current Portion of L/T Liabilities | 1,977,678 | |
|
602,926 | |
2,580,604 | ||
| Current Liabilities |
10,081,789 |
3,680,107 |
|
867,541 |
990,113 |
15,619,550 | ||
| Funds Held for Others | 537,795 | |
|
|
|
537,795 | ||
| Accrued Health & Liability Claims | 2,118,460 | |
|
|
|
2,118,460 | ||
| Notes and Bonds Payable | |
|
|
15,900,000 | |
15,900,000 | ||
| Capital Lease Obligations | |
|
|
1,297,952 | |
1,297,952 | ||
| Non-Current Liabilities |
2,656,255 |
|
|
17,197,951 |
|
19,854,206 | ||
|
|
|
|
|
|
|
|||
| LIABILITIES |
12,738,044 |
3,680,107 |
0 |
18,065,489 |
990,107 |
35,473,748 | ||
| NET ASSETS | ||||||||
| Net Increase (Decrease) in Net Asse | 977,007- | 497,720 | 328,297 | 1,275,844- | |
1,426,833- | ||
| Cum Effect of Change Acctg Principl | 1,302,506 | |
|
605,674- | |
696,831 | ||
| Unrestricted Net Assets, July 1 | 5,046,944 | 1,166,100 | 199,508 | 2,071,682- | |
4,340,872 | ||
| Restricted Net Assets, July 1 | 283,199 | 1,233,156 | 12,319,197 | 7,039,701 | |
20,875,255 | ||
| Invested in capital assets, July 1 | |
|
|
157,098,003 | |
157,098,003 | ||
|
|
|
|
|
|
|
|||
| NET ASSETS |
5,655,643 |
2,896,977 |
12,847,003 |
160,184,504 |
0 |
181,584,129 | ||