Entries impacting fiscal year ended June 30, 2012: Change in net position as originally reported $1,112,276

To record prior year prepaid expenses in the appropriate fiscal year ($280,751)

To adjust grants receivable for uncollectible amounts ($183,103)

To record bad debt expense in the appropriate fiscal year ($400,000)

Other miscellaneous items $54,727

Change in net position for the year ended June 30, 2012, as restated $303,149 Entries impacting fiscal years prior to the year ended June 30, 2012:

Net position, beginning of year ended June 30, 2012 $115,979,215

To adjust for uncollectible grants receivable ($1,239,187)

To record accrued sick leave liability (recommended by Dean Dorton) ($500,000)

Other miscellaneous items ($45,020)

Net position, beginning of year ended June 30, 2012 as restated $114,195,008