Combining Balance Sheet - Restricted Current Year 06
 
  Amount (Dr - Cr)
  Expendable Restricted Student Loan Unexpended Plant Debt Service Investment in Plant Restricted Total Prior Year Change
  Restricted Amount Percent
Assets      
  Cash and cash equivalents  $      (504,284)  $        761,386  $      (3,600,698)  $     11,010,272  $                   465  $       7,667,141  $   16,334,772  $   (8,667,631) -53%
  Accounts Receivable, net         5,255,057                          -               998,721                             -                             -            6,253,778         5,628,010           625,768 11%
  Inventories                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Deposits                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Prepaid Expenses                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Total Current Assets         4,750,773            761,386          (2,601,977)         11,010,272                       465         13,920,919       21,962,782       (8,041,863) -37%
  Student Loans Receivable, net                          -       12,754,950                             -                             -                             -         12,754,950       12,618,276           136,674 1%
  Investments                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Capital assets, net of depreciation                          -                          -                             -                             -       221,537,171       221,537,171     218,847,998        2,689,173 1%
  Total Non-Current Assets                          -       12,754,950                             -                             -       221,537,171       234,292,121     231,466,274        2,825,847 1%
  Total Assets         4,750,773       13,516,336          (2,601,977)         11,010,272       221,537,636       248,213,040     253,429,056       (5,216,016) -2%
Liabilities      
  Current Portion of L/T Liabilities                          -                          -                             -                             -          (1,240,290)          (1,240,290)          (643,170)          (597,120) 93%
  Accounts Payable           (503,829)               (2,932)          (1,225,283)             (435,893)          (1,677,271)          (3,845,208)        (5,186,379)        1,341,171 -26%
  Other accrued liabilities                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Deferred revenue       (2,445,000)                          -                             -                             -                             -          (2,445,000)        (1,977,201)          (467,799) 24%
  Total Current Liabilities       (2,948,829)               (2,932)          (1,225,283)             (435,893)          (2,917,561)          (7,530,498)        (7,806,750)           276,252 -4%
  Accrued Health & Liability Claims                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Notes and Bonds Payable                          -                          -                             -                             -        (48,158,795)        (48,158,795)      (49,147,649)           988,854 -2%
  Capital Lease Obligations                          -                          -                             -                             -             (118,871)             (118,871)          (486,819)           367,948 -76%
  Funds Held for Others                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Total Non-Current Liabilities                          -                          -                             -                             -        (48,277,666)        (48,277,666)      (49,634,468)        1,356,802 -3%
  Total Liabilities       (2,948,829)               (2,932)          (1,225,283)             (435,893)        (51,195,227)        (55,808,164)      (57,441,218)        1,633,054 -3%
           
  Net (increase) decrease in Net Assets               53,061             (47,316)             (279,617)            7,156,099         10,285,137         17,167,364      (10,882,060)      28,049,424 -258%
  Net (Assets) Deficit, July 1       (1,855,003)     (13,466,088)            4,106,877        (17,730,478)     (167,043,147)     (195,987,839)    (185,105,782)     (10,882,057) 6%
  Prior Period Adjustments                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Total Net Assets  $   (1,801,942)  $ (13,513,404)  $       3,827,260  $   (10,574,379)  $ (156,758,010)  $ (178,820,475)  $(195,987,842)  $   17,167,367 -9%