Combined Restricted CY
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  $    (821,750)  $              350,965  $           215,710  $       9,709,685  $                        -  $       9,454,610  $         8,853,971  $       600,639 7%
Accounts Receivable, net      7,261,977                                -                             -                7,261,977             9,841,625       (2,579,648) -26%
Inventories                       -                                -                             -                             -                             -                             -                          -                     - 0%
Deposits                       -                                -                             -                             -                             -                             -                          -                     - 0%
Prepaid Expenses                       -                                -                             -                             -                             -                             -                          -                     - 0%
Total Current Assets      6,440,227                  350,965               215,710            9,709,685                             -         16,716,587           18,695,596       (1,979,009) -11%
Student Loans Receivable, net                       -            13,294,348                             -                             -                             -         13,294,348           13,504,270          (209,922) -2%
Investments                       -                                -                             -                             -                             -                             -                          -                     - 0%
Capital assets, net of depreciation                       -                                -                             -                             -       222,248,552       222,248,552          224,062,347       (1,813,795) -1%
Other Assets                       -                                -                             -                             -               978,544               978,544                          -           978,544 0%
Total Non-Current Assets                       -            13,294,348                             -                             -       223,227,096       236,521,444              237,566,617          (1,045,173) 0%
Total Assets      6,440,227            13,645,313               215,710            9,709,685       223,227,096       253,238,031          257,240,757       (4,002,726) -2%
Liabilities       0%
Current Portion of L/T Liabilities                       -                                -                             -                             -          (1,648,836)          (1,648,836)            (1,030,000)          (618,836) 60%
Accounts Payable     (1,157,114)                                -          (1,032,012)             (338,000)             (119,538)          (2,646,664)            (1,700,766)          (945,898) 56%
Other accrued liabilities                       -                                -                             -                             -                             -                             -                          -                     - 0%
Deferred revenue     (2,350,000)                                -                             -                             -                             -          (2,350,000)            (3,300,000)           950,000 -29%
Total Current Liabilities     (3,507,114)                                -          (1,032,012)             (338,000)          (1,768,374)          (6,645,500)            (6,030,766)          (614,734) 10%
Accrued Health & Liability Claims                       -                                -                             -                             -                             -                             -                          -                     - 0%
Notes and Bonds Payable                       -                                -                             -                             -        (49,013,728)        (49,013,728)          (50,101,794)        1,088,066 -2%
Capital Lease Obligations                       -                                -                             -                             -             (641,970)             (641,970)                          -          (641,970) 0%
Funds Held for Others                       -                                -                             -                             -                             -                             -                          -                     - 0%
Total Non-Current Liabilities                       -                                -                             -                             -        (49,655,698)        (49,655,698)          (50,101,794)           446,096 -1%
Total Liabilities     (3,507,114)                                -          (1,032,012)             (338,000)        (51,424,072)        (56,301,198)          (56,132,560)          (168,638) 0%
            0%
Net (increase) decrease in Net Assets            97,657                   (25,728)            1,407,314               585,585            1,706,537            3,771,365            (8,703,315)      12,474,680 -143%
Net (Assets) Deficit, July 1     (3,030,770)           (13,619,584)              (591,011)          (9,957,270)     (173,909,562)     (201,108,197)         (192,352,773)       (8,755,424) 5%
Prior Period Adjustments                       -                                -                             -                             -                             -                             -                          -                     - 0%
Total Net Assets  $(2,933,113)  $      (13,645,312)  $           816,303  $      (9,371,685)  $ (172,203,025)  $ (197,336,832)  $     (201,056,088)  $    3,719,256 -2%