Combining Balance Sheet - Restricted Current Year 08
 
  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  196375+19335   $       9,709,685  $                        -  $       9,238,900  $     8,853,971  $       384,929 4%
  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                             -            9,709,685                             -         16,500,877       18,695,596       (2,194,719) -12%
  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                             -            9,709,685       223,227,096       253,022,321     257,240,757       (4,218,436) -2%
Liabilities                          -                          -                             -                             -                             -                             -                      -                     - 0%
  Current Portion of L/T Liabilities                          -                          -                             -                             -          (1,248,836)          (1,248,836)        (1,030,000)          (218,836) 21%
  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)          (1,368,374)          (6,245,500)        (6,030,766)          (214,734) 4%
  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)        (51,024,072)        (55,901,198)      (56,132,560)           231,362 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%