Combining Balance Sheet - Restricted Current Year 07
		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	$      (423,745)	$        118,481	$      (1,250,557)	$     10,398,770	$                   465	$       8,843,414	$     7,667,141	$    1,176,273	15%
	Accounts Receivable, net	7,400,182	-	2,441,443	-	-	9,841,625	6,253,778	3,587,847	57%
	Inventories	-	-	-	-	-	-	-	-	0%
	Deposits	-	-	-	-	-	-	-	-	0%
	Prepaid Expenses	-	-	-	-	-	-	-	-	0%
	Total Current Assets	6,976,437	118,481	1,190,886	10,398,770	465	18,685,039	13,920,919	4,764,120	34%
	Student Loans Receivable, net	-	13,504,270	-	-	-	13,504,270	12,754,950	749,320	6%
	Investments	-	-	-	-	-	-	-	-	0%
	Capital assets, net of depreciation	-	-	-	-	224,062,347	224,062,347	221,537,171	2,525,176	1%
	Other Assets	-	-	-	-	978,544	978,544	-	978,544	0%
	Total Non-Current Assets	-	13,504,270	-	-	224,062,347	237,566,617	234,292,121	3,274,496	1%
	Total Assets	6,976,437	13,622,751	1,190,886	10,398,770	224,062,812	256,251,656	248,213,040	8,038,616	3%
Liabilities		-	-	-	-	-	-	-	-	0%
	Current Portion of L/T Liabilities	-	-	-	-	(1,030,000)	(1,030,000)	(1,240,290)	210,290	-17%
	Accounts Payable	(645,667)	(3,167)	(610,432)	(441,500)	-	(1,700,766)	(3,845,208)	2,144,442	-56%
	Other accrued liabilities	-	-	-	-	-	-	-	-	0%
	Deferred revenue	(3,300,000)	-	-	-	-	(3,300,000)	(2,445,000)	(855,000)	35%
	Total Current Liabilities	(3,945,667)	(3,167)	(610,432)	(441,500)	(1,030,000)	(6,030,766)	(7,530,498)	1,499,732	-20%
	Accrued Health & Liability Claims	-	-	-	-	-	-	-	-	0%
	Notes and Bonds Payable	-	-	-	-	(50,101,794)	(50,101,794)	(48,158,795)	(1,942,999)	4%
	Capital Lease Obligations	-	-	-	-	-	-	(118,871)	118,871	0%
	Funds Held for Others	-	-	-	-	-	-	-	-	0%
	Total Non-Current Liabilities	-	-	-	-	(50,101,794)	(50,101,794)	(48,277,666)	(1,824,128)	4%
	Total Liabilities	(3,945,667)	(3,167)	(610,432)	(441,500)	(51,131,794)	(56,132,560)	(55,808,164)	(324,396)	1%
		-	-	-	-	-	-	-	-	0%
	Net (increase) decrease in Net Assets	(1,228,825)	(106,180)	(4,407,713)	617,109	(3,567,152)	(8,692,761)	3,582,964	(12,275,725)	-343%
	Net (Assets) Deficit, July 1	(1,801,945)	(13,513,404)	3,827,260	(10,574,379)	(170,342,409)	(192,404,877)	(195,987,839)	3,582,962	-2%
	Prior Period Adjustments	-	-	-	-	-	-	-	-	0%
	Total Net Assets	$   (3,030,770)	$ (13,619,584)	$         (580,453)	$      (9,957,270)	$ (173,909,561)	$ (201,097,638)	$(192,404,875)	$   (8,692,763)	5%