2011-12 Fiscal Report

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BALANCE SHEET TOTAL
2010/2011
TOTAL
2011/2012
Assets
Current Assets $2,290,125 $2,775,685
Other, Pledges, and Investments $10,691,333 $12,231,905
Net Property and Equipment $14,634,821 $14,250,772
Total Assets $27,616,279
$29,258,362

Liabilities & Net Assets
Liabilities $16,519,208 $16,436,471
Net Assets $11,097,071
$12,821,891
Total Liabilities & Net Assets $27,616,279
$29,258,362
STATEMENT OF ACTIVITY &
CHANGE IN NET ASSETS
Support & Revenue
Student Tuition & Support Services $9,665,017 $10,389,762
Fund Raisinig & Special Events $1,011,659 $4,420,868
All Other Revenue, including endowment $1,908,462 ($203,493)
Total Support & Revenue $12,585,138 $14,607,137
Expenses
Educational $8,696,439 $9,655,813
Management & General $2,544,650 $2,458,489
Fund Raising $544,808 $290,034
Total Expenses $11,785,897 $12,404,336
Excess/(Deficit) of Revenues over Expenses $799,241 $2,235,317
Net Assets, Beginning of Year $10,345,712 $11,097,071
Audit Restatement & Derivatives Adjustment $(47,882) $(510,497)
Net Assets, End of Year $11,097,071 $12,821,891
GROWTH IN FINANCIAL AID 2008/2009
$1,989,332
2009/2010
$2,123,024
2010/2011
$2,327,094
2011/2012
$2,597,817

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