Accounts, grants, and loans receivable consist of the following as of June 30, 2023:
| Student Tuition and Fees | Student Loan | Grants and Contracts | Other | Total | |
|---|---|---|---|---|---|
| Total | $ 2,098,414\n(555,901) | $ 1,039,147\n(1,039,147) | $ 7,893,240 | $ 52,669 | $ 11,083,470\n(1,595,048) |
| Allowance | $ 1,542,513 | $ - | $ 7,893,240 | $ 52,669 | $ 9,488,422 |
| Net Total | $ 1,542,513 | $ - | $ 7,893,240 | $ 52,669 | $ 9,488,422 |
Capital assets as of June 30, 2023, are summarized as follows:
| Balance (Restated) | Additions | Transfers | Disposals | Ending Balance | |
|---|---|---|---|---|---|
| Capital Assets Not Being Depreciated or Amortized: | |||||
| Land and Improvements | $ 2,288,370 | $ 790,000 | $ - | $ - | $ 3,078,370 |
| Construction in Progress | 34,535,678 | 22,337,156 | (52,988,565) | - | 3,884,269 |
| Total Capital Assets Not Being Depreciated | |||||
| or Amortized | 36,824,048 | 23,127,156 | (52,988,565) | - | 6,962,639 |
| Other Capital Assets: | |||||
| Land Improvements | 4,245,417 | 31,115 | 144,563 | 254,504 | 4,675,599 |
| Buildings | 172,788,042 | - | 51,592,845 | (254,504) | 224,126,383 |
| Equipment | 48,390,349 | 1,419,086 | (9,662,475) | 49,950 | 40,196,910 |
| Transportation Equipment | 4,839,675 | 726,717 | (761,935) | - | 4,804,457 |
| Library Holdings | 10,689,760 | - | (10,408,174) | - | 281,586 |
| Computer Software | 2,104,289 | - | (478,701) | - | 1,625,588 |
| Right to Use Lease Assets | 611,871 | 463,669 | - | - | 1,075,540 |
| Right to Use SBITA Assets | 2,142,704 | 1,539,647 | - | - | 3,682,351 |
| Total Other Capital Assets | 245,812,107 | 4,180,234 | 30,426,123 | 49,950 | 280,468,414 |
| Less: Accumulated Depreciation and Amortization for: | |||||
| Land Improvements | 728,271 | 235,129 | - | 2,870,094 | 3,833,494 |
| Buildings | 110,509,967 | 2,573,451 | (1,012,523) | (107,212) | 111,963,683 |
| Equipment | 25,009,662 | 3,112,380 | (9,601,099) | 520 | 18,521,463 |
| Transportation Equipment | 4,480,217 | 116,100 | (423,187) | - | 4,173,130 |
| Library Holdings | 10,556,392 | 33,103 | (10,376,418) | - | 213,077 |
| Computer Software | 1,746,403 | 20,346 | (182,966) | - | 1,583,783 |
| Right to Use Lease Assets | 209,064 | 382,609 | - | - | 591,673 |
| Right to Use SBITA Assets | - | 907,996 | - | - | 907,996 |
| Total Accumulated Depreciation/Amortization | 153,239,976 | 7,381,114 | (21,596,193) | 2,763,402 | 141,788,299 |
| Capital Assets, Net | $ 129,396,179 | $ 19,926,276 | $ (966,249) | $ (2,713,452) | $ 145,642,754 |
At June 30, 2023, the remaining estimated contractual commitments of $3 million for capital expenditures.
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