FUND 522
ASSOCIATED STUDENTS FUND
BALANCE SHEET
JUNE 30, 2007
ASSETS
Current Assets
Cash and Pooled Investments 4,390,366
Petty Cash 6,792
Cash with Escrow Agent 50
Accounts Receivable 248,750
Less: Allowance for Doubtful Accounts 22,278
Accounts Receivable, Net 226,472
Due From Other Agencies 3,322
Inventory
Unamortized Underwriters Discount - Current 29,092
Unamortized Costs of Issuance - Current 14,326
Unamortized Insurance Costs - Current 38,168
Total Current Assets 4,708,587
Non-Current Assets
Cash and Investments Restricted for Capital Projects 488,206
Unamortized Underwriters Discount - Long Term 166,881
Unamortized Costs of Issuance - Long Term 81,052
Unamortized Insurance Costs - Long Term 218,942
Property, Plant and Equipment
Land
Buildings 44,630,854
Less: Accumulated Depreciation Buildings 376,727
Buildings, Net 44,254,127
Improvements Other Than Bldgs 888
Less: Accumulated Depreciation Other 888
Improvements, Net
Equipment 365,526
Less: Accumulated Depreciation Equipment 130,091
Equipment, Net 235,434
Total Property, Plant and Equipment 44,489,561
Total Non Current Assets 45,444,642
TOTAL ASSETS 50,153,229
Current Liabilities
Accounts Payable 92,465
Salaries and Benefits Payable 142,126
Vacation Leave Payable 125,570
Sick Leave Buyout Payable 46,754
Other Compensated Absences Payable 1,801
Retainage Payable 50
Sales Tax Payable 4,101
Interest Payable 349,058
Bonds Payable Premium Current 70,949
Bonds Payable Current Portion 713,244
Deferred Revenue 340
Other Liabilities 60
Total Current Liabilities 1,546,518
Long-Term Liabilities
Accounts Payable, Construction 672
Bonds Payable, Net of Current Portion 39,774,270
Bonds Payable Premium Long Term 406,984
Total Non Current Liabilities 40,181,926
TOTAL LIABILITIES 41,728,444
Fund Equity
Net Investment in Plant 4,560,108
Retained Earnings Reserved for:
SUB-REC Project 375,661
S&A Contingency 900,000
Debt Service
Retained Earnings - Unreserved 2,589,015
Total Fund Equity 8,424,785
TOTAL LIABILITIES AND FUND EQUITY 50,153,229
LIABILITIES AND FUND EQUITY
