Pre GASB35 Combining Balance Sheet - Current Year 06

Amount (Dr - Cr)

General

Designated

Auxiliary Activities

Retirement Insurance

Expendable Restricted

Student Loan

Plant

Agency

Post Closing

Combined

Prior Year

Change

Combined

Amount

Percent

Assets

Cash and cash equivalents

$ (15,343,859)

$ 11,963,505

$ 8,217,248

$ 1,356,984

$ (504,284)

$ 761,386

$ 3,801,530

$ 1,106,035

$ 3,323,832

$ 14,682,377

$ 23,158,720

$ (8,476,343)

-37%

Accounts Receivable, net

9,210,941

101,741

468,920

91,086

5,255,057

998,721

22,468

16,148,934

15,241,338

907,596

Inventories

271,268

1,319,058

1,590,326

1,247,110

343,216

28%

Deposits

486,526

444,000

42,526

10%

Prepaid Expenses

36,675

14,760

51,435

55,520

(4,085)

-7%

Total Current Assets

(5,861,650)

12,065,246

10,041,901

1,934,596

4,750,773

761,386

4,815,011

1,128,503

3,323,832

32,959,598

40,146,688

(7,187,090)

-18%

Student Loans Receivable, net

12,754,950

12,618,276

136,674

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

Total Non-Current Assets

6,159,751

12,754,950

221,537,171

240,451,872

235,784,408

4,667,464

Total Assets

(5,861,650)

12,065,246

10,041,901

8,094,347

4,750,773

13,516,336

226,352,182

1,128,503

3,323,832

273,411,470

275,931,096

(2,519,626)

-1%

Liabilities

Current Portion of L/T Liabilities

(2,540,234)

(1,240,290)

(3,780,524)

(2,875,825)

(904,699)

31%

Accounts Payable

(1,130,550)

(353,047)

(588,739)

(369,828)

(503,829)

(2,932)

(3,568,592)

(104,362)

(652,299)

(7,274,178)

(7,448,461)

174,283

-2%

Other accrued liabilities

(1,443,770)

(1,050)

(91,696)

(2,706,704)

(1,024,142)

(2,671,533)

(7,938,895)

(7,097,513)

(841,382)

12%

Deferred revenue

(275,690)

(2,445,000)

(2,720,690)

(2,284,726)

(435,964)

19%

Total Current Liabilities

(2,850,010)

(354,097)

(680,435)

(5,616,766)

(2,948,829)

(2,932)

(4,808,882)

(1,128,504)

(3,323,832)

(21,714,287)

(19,706,525)

(2,007,762)

10%

Accrued Health & Liability Claims

(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%

Funds Held for Others

(707,050)

(634,050)

(73,000)

12%

Total Non-Current Liabilities

(707,050)

(1,377,153)

(48,277,666)

(50,361,869)

(51,951,509)

1,589,640

-3%

Total Liabilities

(3,557,060)

(354,097)

(680,435)

(6,993,919)

(2,948,829)

(2,932)

(53,086,548)

(1,128,504)

(3,323,832)

(72,076,156)

(71,658,034)

(418,122)

Net (increase) decrease in Net Assets

(631,914)

289,620

(1,882,329)

1,012,136

53,061

(47,316)

4,144,501

2,937,759

(13,284,109)

16,221,868

-122%

Net (Assets) Deficit, July 1

10,050,683

(12,000,768)

(7,479,190)

(2,112,565)

(1,855,003)

(13,466,088)

(177,410,134)

(204,273,065)

(190,988,958)

(13,284,107)

Prior Period Adjustments

Total Net (Assets) Deficits

$ 9,418,769

$ (11,711,148)

$ (9,361,519)

$ (1,100,429)

$(1,801,942)

$ (13,513,404)

$ (173,265,633)

$ -

$ (201,335,306)

$ (204,273,067)

$ 2,937,761

-1%