Current liabilities for November 2013 and June 2013 amounts to $7.0 million and $7.3 million, respectively, consisting of accounts payable and accrued payroll liabilities. Accrued compensated absences total $1.6 million and Deferred Revenue totals $1.3 million as of November 2013.

As of November 30, 2013, net assets reflect a $7.3 million increase over June 2013, primarily due to $6.9 million increase in current assets. This increase is primarily due to an increase in cash and cash equivalents, which is attributable to Fall 2013 student grants money (e.g. Pell, subsidized and unsubsidized loans, etc.) and State Appropriations received.

Tuition and fee revenue comparison for November 2013 and December 2012 represents a $476 thousand increase. Net Student Tuition & Fees totals $9.3 million and $8.8 million as of November 2013 and December 2012, respectively.

Auxiliary revenue comparison for November 2013 and December 2012 represents a $2.4 million decrease primarily due to early processing of spring semester charges in December 2012.

Operating expenses as of November 2013 decreased $4.8 million compared to December 2012. This is primarily due to an additional month of expenses in the comparative month December 2012.

The Statement of Cash Flows reflects a net increase of $6.1 million at November 2013. Operations consumed $8.6 million and $11.6 million as of November 2013 and December 2012, respectively.

As of November 30, 2013, we are through 41.67% of the annual fiscal budget period. Total expenditures were 37.88%, which is 3.79% under budget. Total revenue was 52.36% of total budget, due to receipt of state appropriations, tuition and auxiliary charges recognized in the fall term. The result is an $8.2 million surplus, of which $5.9 million is Educational & General, $1.1 million Auxiliary, and $1.2 million Land Grant.