STATEMENT OF NET ASSETS
JUNE 30, 2011
(
With comparative information for the prior year)
2011
2010
NET ASSETS:
Invested in Capital Assets, Net
Unrestricted
TOTAL NET ASSETS
$2,019,790
315,156
$2,334,946
$1,224,918
368,303
$ 1,593,221
2011
2010
LIABILITIES:
Current:
Accounts Payable
Salaries and Taxes Payable
Notes Payable
Unearned Revenue
Long-term liabilities:
Due within one year
Due in more than one year
TOTAL LIABILITIES
$10,396,583
273,371
575,875
1,266,950
176,834
82,958
12,772,571
$11,328,542
212,495
372,700
495,745
120,551
91,090
12,621,123
2011
2010
ASSETS:
Cash and Investments
Grant Receivables
Advances to Subcontractors
Other Assets
Capital Assets, Net
TOTAL ASSETS
$1,375,144
9,432,964
2,267,996
11,623
2,019,790
15,107,517
$ 1,275,961
11,122,656
573,444
17,365
1,224,918
14,214,344
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