June 30, 2011 and 2010
| 2011 | 2010 |
|---|
| ASSETS |
| Current assets |
| Cash and cash equivalents | $ 29,623,196 | $ 22,972,425 |
|---|
| Accounts, grants and loans receivable, net | 8,408,728 | 6,200,663 |
|---|
| Investments | - | 1,297,194 |
|---|
| Inventory and other current assets | 363,926 | 349,538 |
|---|
| Total current assets | 38,395,850 | 30,819,820 |
|---|
| Noncurrent assets |
| Accounts, grants and loans receivable, net | 742,612 | 756,703 |
|---|
| Investments | 10,581,408 | 8,828,005 |
|---|
| Capital assets, net | 83,376,527 | 82,972,962 |
|---|
| Total noncurrent assets | 94,700,547 | 92,557,670 |
|---|
| Total assets | 133,096,397 | 123,377,490 |
|---|
| LIABILITIES |
| Current liabilities |
| Accounts payable and accrued liabilities | 2,210,577 | 1,635,787 |
|---|
| Accrued compensated absences | 2,131,019 | 1,770,396 |
|---|
| Deferred revenue | 2,146,007 | 2,136,064 |
|---|
| Deposits | 36,372 | 35,883 |
|---|
| Other current liabilities | 161,097 | 295,575 |
|---|
| Bonds and capital lease obligations, current portion | 764,247 | 1,714,468 |
|---|
| Total current liabilities | 7,449,319 | 7,588,173 |
|---|
| Noncurrent liabilities |
| Bonds and capital lease obligations, noncurrent portion | 8,676,154 | 9,427,142 |
|---|
| Federal grants refundable | 991,709 | 965,947 |
|---|
| Total noncurrent liabilities | 9,667,863 | 10,393,089 |
|---|
| Total liabilities | 17,117,182 | 17,981,262 |
|---|
| NET ASSETS |
| Invested in capital assets, net of related debt | 73,936,126 | 71,831,353 |
|---|
| Restricted | | |
|---|
| Nonexpendable | 8,594,513 | 8,048,379 |
|---|
| Expendable | 5,119,673 | 5,063,026 |
|---|
| Unrestricted | 28,328,903 | 20,453,470 |
|---|
| Total net assets | $ 115,979,215 | $ 105,396,228 |
|---|