Pre GASB35 Combining Balance Sheet - Current Year 07
 
  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  $ (12,041,032)  $  12,580,735  $         7,013,945  $     1,006,630  $    (423,745)  $        118,481  $       5,406,845  $   1,746,603  $                    -  $     15,408,462  $      14,682,408  $           726,054 5%
  Accounts Receivable, net         8,538,801            370,131                 400,739             107,660      7,400,182                          -            2,441,443          120,496                        -         19,379,452          16,148,934            3,230,518 20%
  Inventories            259,378                          -              1,207,186                          -                       -                          -                             -                        -                        -            1,466,564            1,590,326             (123,762) -8%
  Deposits                          -                          -                               -             581,229                       -                          -                             -                        -                        -               581,229                486,526                 94,703 19%
  Prepaid Expenses                          -               13,525                   34,784                          -                       -                          -                 14,760                        -                        -                 63,069                  51,435                 11,634 23%
  Total Current Assets       (3,242,853)       12,964,391              8,656,654         1,695,519      6,976,437            118,481            7,863,048       1,867,099                        -         36,898,776          32,959,629            3,939,147 12%
  Student Loans Receivable, net                          -                          -                               -                          -                       -       13,504,270                             -                        -                        -         13,504,270          12,754,950               749,320 6%
  Investments                          -                          -                               -         7,391,331                       -                          -                             -                        -                        -            7,391,331            6,159,751            1,231,580 20%
  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                          -                          -                               -         7,391,331                       -       13,504,270       225,040,891                        -                        -       245,936,492        240,451,872            5,484,620 2%
  Total Assets       (3,242,853)       12,964,391              8,656,654         9,086,850      6,976,437       13,622,751       232,903,939       1,867,099                        -       282,835,268        273,411,501            9,423,767 3%
Liabilities                          -                          -                               -                          -                       -                          -                             -                        -                        -                             -                             -                             - 0%
  Current Portion of L/T Liabilities                          -                          -                               -        (2,306,234)                       -                          -          (1,030,000)                        -                        -          (3,336,234)           (3,780,524)               444,290 -12%
  Accounts Payable       (1,447,104)           (260,174)               (477,394)        (1,251,508)        (645,667)               (3,167)          (1,312,025)           (15,519)                        -          (5,412,558)           (7,274,178)            1,861,620 -26%
  Other accrued liabilities       (3,586,235)                          -                  (56,803)        (2,964,550)                       -                          -             (322,310)     (1,851,580)                        -          (8,781,478)           (7,938,895)             (842,583) 11%
  Deferred revenue           (187,937)                          -                               -                          -     (3,300,000)                          -                             -                        -                        -          (3,487,937)           (2,720,690)             (767,247) 28%
  Total Current Liabilities       (5,221,276)           (260,174)               (534,197)        (6,522,292)     (3,945,667)               (3,167)          (2,664,335)     (1,867,099)                        -        (21,018,207)        (21,714,287)               696,080 -3%
  Accrued Health & Liability Claims                          -                          -                               -        (1,197,579)                       -                          -                             -                        -                        -          (1,197,579)           (1,377,153)               179,574 -13%
  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           (680,450)                          -                               -                          -                       -                          -                             -                        -                        -             (680,450)              (707,050)                 26,600 -4%
  Due to MTF                          -                          -                               -                          -                       -                          -             (750,000)                        -                        -             (750,000)                             -                             - 0%
  Total Non-Current Liabilities           (680,450)                          -                               -        (1,197,579)                       -                          -        (50,851,794)                        -                        -        (52,729,823)        (50,361,869)          (2,367,954) 5%
  Total Liabilities       (5,901,726)           (260,174)               (534,197)        (7,719,871)     (3,945,667)               (3,167)        (53,516,129)     (1,867,099)                        -        (73,748,030)        (72,076,156)          (1,671,874) 2%
                             -                          -                               -                          -                       -                          -                             -                        -                        -                             -                             -                             - 0%
  Net (increase) decrease in Net Assets           (274,131)           (993,069)              1,239,480           (266,550)     (1,228,825)           (106,180)          (6,122,176)                        -                        -          (7,751,451)            2,937,740        (10,689,191) -364%
  Net (Assets) Deficit, July 1         9,418,710     (11,711,149)            (9,361,936)        (1,100,429)     (1,801,945)     (13,513,404)     (173,265,633)                        -                        -     (201,335,786)      (204,273,124)            2,937,338 -1%
  Prior Period Adjustments                          -                          -                               -                          -                       -                          -                             -                        -                        -                             -                             -                             - 0%
  Total Net (Assets) Deficits  $     9,144,579  $ (12,704,218)  $        (8,122,456)  $   (1,366,979)  $(3,030,770)  $ (13,619,584)  $ (179,387,809)  $                    -  $                    -  $ (209,087,237)  $  (201,335,384)  $      (7,751,853) 4%