Consolidated Statement of Financial Position
(June 30, 2018 and 2017)
F I N A N C I A L S
Assets 2018 2017
Cash and cash equivalents $ 20,909,814 $ 14,208,058
Investments $ 58,274,482 $ 56,470,139
Receivables - Net:
Student and other $ 145,698 $ 233,895
Pledges $ 5,923,852 $ 8,006,968
Nonqualified plan assets $ 1,149,427 $ 999,448
1
Fair value of swap agreement $ 429,076 -
Prepaid expenses, deposits, and other assets $ 773,249 $ 755,792
Property and equipment - Net $ 61,782,123 $ 48,888,049
TOTAL ASSETS $ 149,387,721 $ 129,562,349
Liabilities
Accounts payable and other accrued expenses $ 3,509,259 $ 1,718,697
Deferred income $ 7,397,864 $ 6,613,471
Due to others $ 109,286 $ 148,726
Fair value of swap agreements $ 755,220 $ 1,237,692
Postretirement health benefits $ 417,702 $ 562,046
Other accrued liabilities:
Accrued payroll $ 2,080,349 $ 2,109,022
Deferred compensation $ 1,149,427 $ 999,448
Bonds payable $ 15,575,140 $ 16,585,962
1
Note payable $ 12,000,000 -
TOTAL LIABILITIES $ 42,994,247 $ 29,975,064
Annual Report 2017–2018 5
