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.

  1. 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.
  2. As of August 2013, net assets reflect a $4 million increase over May 2013.
  3. 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.
  4. Auxiliary revenue comparison for August 2013 and August 2012 represents an increase of $200 thousand.
  5. Operating expenses for August 2013 increased $2.2 million compared to August 2012.

Informational Item

Initiator:Ms. Anita Lockridge, Vice President for Finance Administration
Board Action Date:October 25, 2013
Effective Date:October 25, 2013