Combined Balance Sheet (Statement of Net Assets)

As of:

30-Jun

30-Jun

Change

Current Year

Prior Year

Amount

Percent

Assets

Cash and cash equivalents

$ 14,682,377

$ 23,158,720

$ (8,476,343)

-37%

Accounts and Notes Receivable/net

16,148,934

15,241,338

907,596

6%

Other Current Assets

2,128,287

1,746,630

381,657

22%

Total Current Assets

32,959,598

40,146,688

(7,187,090)

-18%

Student Loans Receivable/net

12,754,950

12,618,276

136,674

1%

Investments

6,159,751

4,318,134

1,841,617

43%

Capital assets/net of depreciation

221,537,171

218,847,998

2,689,173

1%

Total Non-Current Assets

240,451,872

235,784,408

4,667,464

2%

Total Assets

273,411,470

275,931,096

(2,519,626)

-1%

Liabilities

Accounts Payable

(7,274,178)

(7,448,461)

174,283

-2%

Other accrued liabilities

(7,938,895)

(7,097,513)

(841,382)

12%

Deferred revenue

(2,720,690)

(2,284,726)

(435,964)

19%

Current Portion of L/T Liabilities

(3,780,524)

(2,875,825)

(904,699)

31%

Total Current Liabilities

(21,714,287)

(19,706,525)

(2,007,762)

10%

Funds Held for Others

(707,050)

(634,050)

(73,000)

12%

Insurance and Benefits Reserves

(1,377,153)

(1,682,991)

305,838

-18%

Notes and Bonds Payable

(48,158,795)

(49,147,649)

988,854

-2%

Capital Lease Obligations

(118,871)

(486,819)

367,948

-76%

Total Non-Current Liabilities

(50,361,869)

(51,951,509)

1,589,640

-3%

Total Liabilities

(72,076,156)

(71,658,034)

(418,122)

1%

Net (increase) decrease in Net Assets

2,937,759

(13,284,109)

16,221,868

-122%

Net (Assets), July 1

(204,273,065)

(190,988,958)

(13,284,107)

7%

Total Net (Assets)

(201,335,306)

(204,273,067)

2,937,761

-1%

Total Liabilities and Net Assets

$ (273,411,462)

$(275,931,101)

$ 2,519,639

-1%