| FGQGEN35A Exhibit F 10/03/2003 |
MICHIGAN TECHNOLOGICAL UNIVERSITY Combining Statement of Net Assets As of 6/30/02 |
| Description | Current Unrestricted |
Expendable Restricted Fund |
Student Loan Fund |
Plant Fund |
Agency Fund |
Combined | ||
| ASSETS | ||||||||
| Cash and cash equivalents | 2,962,915- | 498,672- | 1,777,344 | 5,096,794 | 1,647,822 | 5,060,372 | ||
| Accounts and Notes Receivable/net | 12,240,431 | 5,046,846 | |
377,403 | 117,633 | 17,782,315 | ||
| Inventories | 1,455,876 | |
|
|
|
1,455,876 | ||
| Deposits | 244,000 | |
20,500 | |
|
264,500 | ||
| Prepaid Expenses | 58,703 | |
|
14,759 | |
73,463 | ||
| Current Assets |
11,036,057 |
4,548,149 |
1,797,849 |
5,488,953 |
1,765,455 |
24,636,463 | ||
| Student Loans Receivable/net | |
|
10,724,216 | |
|
10,724,216 | ||
| Investments | 7,242,186 | |
|
|
|
7,242,186 | ||
| Capital assets/net of depreciation | |
|
|
168,776,290 | |
168,776,290 | ||
| Non-Current Assets |
7,242,188 |
|
10,724,216 |
168,776,291 |
|
186,742,695 | ||
|
|
|
|
|
|
|
|||
| ASSETS |
18,278,282 |
4,548,173 |
12,522,061 |
174,265,248 |
1,765,456 |
211,379,221 | ||
| LIABILITIES | ||||||||
| Accounts Payable | 2,236,654 | 541,335 | 3,354 | 520,938 | 43,432 | 3,345,715 | ||
| Accrued Liabilities | 5,103,666 | 29,828 | |
|
1,722,024 | 6,855,518 | ||
| Unearned revenue | 1,284,442 | 1,577,752 | |
|
|
2,862,194 | ||
| Current Portion of L/T Liabilities | 3,473,619 | |
|
281,811 | |
3,755,430 | ||
| Current Liabilities |
12,098,392 |
2,148,919 |
3,355 |
802,753 |
1,765,454 |
16,818,873 | ||
| Funds Held for Others | 490,120 | |
|
|
|
490,120 | ||
| Accrued Health & Liability Claims | 375,000 | |
|
|
|
375,000 | ||
| Notes and Bonds Payable | |
|
|
11,170,000 | |
11,170,000 | ||
| Capital Lease Obligations | |
|
|
226,475 | |
226,475 | ||
| Non-Current Liabilities |
865,120 |
|
|
11,396,478 |
|
12,261,598 | ||
|
|
|
|
|
|
|
|||
| LIABILITIES |
12,963,502 |
2,148,915 |
3,354 |
12,199,225 |
1,765,456 |
29,080,454 | ||
| NET ASSETS | ||||||||
| Net Increase (Decrease) in Net Asse | 3,155,521 | 1,280,762 | 374,163 | 2,112,892- | |
2,697,554 | ||
| Cum Effect of Change Acctg Principl | |
|
|
|
|
|
||
| Unrestricted Net Assets, July 1 | 1,730,259 | 607,314- | 231,720 | 2,796,520- | |
1,441,855- | ||
| Restricted Net Assets, July 1 | 429,000 | 1,725,809 | 11,912,822 | 6,476,345 | |
20,543,977 | ||
| Invested in capital assets, July 1 | |
|
|
160,499,090 | |
160,499,090 | ||
|
|
|
|
|
|
|
|||
| NET ASSETS |
5,314,780 |
2,399,257 |
12,518,706 |
162,066,022 |
0 |
182,298,766 | ||