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Pre GASB35 Combining Balance Sheet - Current Year 08
Amount (Dr - Cr)      
General Designated Auxiliary Activities Retirement Insurance Expendable Restricted Student Loan Plant Agency   Combined Prior Year Change
Post Closing Combined Amount Percent
Assets  
Cash and cash equivalents  $ (12,847,810)  $  14,275,568  $         8,230,824  $       (392,544)  $    (821,750)  $        350,965  $        5,830,243  $      994,570    $     15,620,066  $   15,408,462  $       211,604 1%
Accounts Receivable, net         9,356,962            396,780                 366,675             128,440      7,261,977                          -                             -          103,130           17,613,964       19,379,452       (1,765,488) -9%
Inventories            238,993                          -              1,252,074                          -                       -                          -                             -                        -              1,491,067         1,466,564             24,503 2%
Deposits                          -                          -                               -             637,597                       -                          -                             -                        -                 637,597           581,229             56,368 10%
Prepaid Expenses                          -               13,525                   29,957                          -                       -                          -                             -                        -                   43,482             63,069            (19,587) -31%
Total Current Assets       (3,251,855)       14,685,873              9,879,530             373,493      6,440,227            350,965            5,830,243       1,097,700                        -         35,406,176       36,898,776       (1,492,600) -4%
Student Loans Receivable, net                          -                          -                               -                          -                       -       13,294,348                             -                        -           13,294,348       13,504,270          (209,922) -2%
Investments                          -                          -                               -         6,257,214                       -                          -                             -                        -              6,257,214         7,391,331       (1,134,117) -15%
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                          -                          -                               -         6,257,214                       -       13,294,348        223,227,096                        -                        -       242,778,658     245,936,492       (3,157,834) -1%
Total Assets       (3,251,855)       14,685,873              9,879,530         6,630,707      6,440,227       13,645,313        229,057,339       1,097,700                        -       278,184,834     282,835,268       (4,650,434) -2%
Liabilities                 0%
Current Portion of L/T Liabilities                          -                          -                               -        (2,461,112)                       -                          -           (1,248,836)                        -            (3,709,948)        (3,336,234)          (373,714) 11%
Accounts Payable       (1,419,273)           (226,556)               (608,654)           (555,204)     (1,157,114)                          -           (2,125,590)           (39,474)            (6,131,865)        (5,412,558)          (719,307) 13%
Other accrued liabilities       (4,041,714)                          -                  (60,379)        (3,432,674)                       -                          -                             -     (1,058,226)            (8,592,993)        (8,781,478)           188,485 -2%
Deferred revenue           (204,640)                          -                            -     (2,350,000)                          -                             -                        -            (2,554,640)        (3,487,937)           933,297 -27%
Total Current Liabilities       (5,665,627)           (226,556)               (669,033)        (6,448,990)     (3,507,114)                          -           (3,374,426)     (1,097,700)                        -        (20,989,446)      (21,018,207)             28,761 0%
Accrued Health & Liability Claims                          -                          -                               -        (1,730,218)                       -                          -                             -                        -            (1,730,218)        (1,197,579)          (532,639) 44%
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           (719,500)                          -                               -                          -                       -                          -                             -                        -               (719,500)          (680,450)            (39,050) 6%
Due to MTF                          -                          -                               -                          -                       -                          -              (600,000)                        -               (600,000)    
Total Non-Current Liabilities           (719,500)                          -                               -        (1,730,218)                       -                          -        (50,255,698)                        -                        -        (52,705,416)      (52,729,823)             24,407 0%
Total Liabilities       (6,385,127)           (226,556)               (669,033)        (8,179,208)     (3,507,114)                          -        (53,630,124)     (1,097,700)                        -        (73,694,862)      (73,748,030)             53,168 0%
                  0%
Net (increase) decrease in Net Assets            494,679       (1,755,102)            (1,088,038)         2,915,482            97,657             (25,728)            3,960,593                          -            4,599,543        (7,751,451)      12,350,994 -159%
Net (Assets) Deficit, July 1         9,144,579     (12,704,216)            (8,122,457)        (1,366,980)     (3,030,770)     (13,619,584)      (179,387,809)                        -                        -     (209,087,237)    (201,335,786)       (7,751,451) 4%
Prior Period Adjustments                          -                          -                               -                          -                       -                          -                             -                        -                        -                             -                      -                     - 0%
Total Net Assets  $     9,639,258  $ (14,459,318)  $        (9,210,495)  $     1,548,502  $(2,933,113)  $ (13,645,312)  $  (175,427,216)  $                    -  $                    -  $ (204,487,694)  $(209,087,237)  $    4,599,543 -2%