and loans. As of August 2013, this amount includes $12 million in student accounts receivables and $9.1 million that is grants and other receivables.
Current liabilities for August 2013 and May 2013 amounts to $6.7 million and $5.5 million respectively, consisting of accounts payable, deferred revenue, accrued payroll liabilities and other current liabilities.
As of August 2013, net assets reflect a $4 million increase over May 2013.
Tuition and fee revenue comparison for August 2013 and August 2012 represents a $3.6 million increase. Net student tuition and fees totals $10.3 million and $7.6 million in August 2013 and August 2012, respectively.
Auxiliary revenue comparison for August 2013 and August 2012 represents an increase of $200 thousand.
Operating expenses for August 2013 increased $2.2 million compared to August 2012.
Informational Item
| Initiator: | Ms. Anita Lockridge, Vice President for Finance Administration |
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| Board Action Date: | October 25, 2013 |
| Effective Date: | October 25, 2013 |