Combined Balance Sheet (Statement of Net Assets)

As of:

June 30

June 30

Change

Current Year

Prior Year

Amount

Percent

Assets

Cash and cash equivalents

$ 23,158,721

$ 43,483,175

$(20,324,453)

-47%

Accounts and Notes Receivable/net

15,241,340

16,263,777

(1,022,437)

-6%

Other Current Assets

1,746,629

1,677,626

69,003

4%

Total Current Assets

40,146,689

61,424,577

(21,277,888)

-35%

Student Loans Receivable/net

12,618,276

11,554,193

1,064,084

9%

Investments

4,318,134

-

4,318,134

-

Capital assets/net of depreciation

218,847,998

191,697,619

27,150,379

14%

Total Non-Current Assets

235,784,409

203,251,812

32,532,596

16%

Total Assets

275,931,098

264,676,389

11,254,709

4%

Liabilities

Accounts Payable

(7,451,396)

(8,602,539)

1,151,143

13%

Other accrued liabilities

(7,097,513)

(6,903,148)

(194,365)

-3%

Deferred revenue

(2,284,726)

(2,489,220)

204,494

8%

Current Portion of L/T Liabilities

(2,872,890)

(2,973,703)

100,814

3%

Total Current Liabilities

(19,706,524)

(20,968,610)

1,262,086

6%

Funds Held for Others

(634,050)

(586,450)

(47,600)

-8%

Insurance and Benefits Reserves

(1,682,991)

(1,684,342)

1,351

0%

Notes and Bonds Payable

(49,147,649)

(49,571,502)

423,854

1%

Capital Lease Obligations

(486,819)

(876,528)

389,708

44%

Total Non-Current Liabilities

(51,951,509)

(52,718,822)

767,313

1%

Total Liabilities

(71,658,033)

(73,687,432)

2,029,399

3%

Net (increase) decrease in Net Assets

(13,284,108)

(9,404,995)

(3,879,113)

41%

Net (Assets), July 1

(190,988,957)

(181,583,962)

(9,404,995)

5%

Total Net (Assets)

(204,273,065)

(190,988,957)

(13,284,108)

7%

Total Liabilities and Net Assets

$ (275,931,098)

$(264,676,389)

$(11,254,709)

4%