Statement of Financial Position

Assets

	2018	2017
Cash and Cash Equivalents	$32,539,186	$38,487,769
Pledges Receivable \| Net	15,877,699	18,841,108
Investments	140,070,346	133,123,430
Investments \| Deferred Compensation Plans	254,686	–
Charitable Remainder Trusts	1,057,407	980,731
Accounts and Notes Receivable \| Net	7,367	19,853
Inventories \| Prepaid Expenses and Other Assets	262,901	799,322
Property, Plant, Equipment and Projects in Progress \| Net	63,857,009	51,797,199
Total Assets	$253,926,599	$244,049,412

Liabilities	2018	2017
Accounts Payable	$2,911,200	$1,908,531
Accrued Payroll	2,136,014	2,072,963
Accrued Interest & Other Liabilities	309,611	47,815
Deferred Tuition & Fees	15,525,083	15,686,396
Debt \| Net of Unamortized Bond Issuance Costs	3,510,537	3,734,298
Total Liabilities	$24,392,445	$23,450,003

Net Assets	2018	2017
Unrestricted	$62,115,265	$50,096,123
Temporarily Restricted	110,232,562	114,064,515
Permanently Restricted	57,186,327	56,438,771
Total Net Assets	$229,534,154	$220,599,409

Total Liabilities & Net Assets	$253,926,599	$244,049,412