Accounts payable and accrued liabilities as of June 30, 2012 and 2011, are as follows:
2012 2011
Payable to vendors and contractors $ 1,745,138 $ 82,500
Accrued salaries and other liabilities $ 2,036,774 $ 2,128,077
$ 3,781,912 $ 2,210,577
2012 2011
Unearned summer school tuition and fees $ 605,875 $ 661,763
Deferred revenue consists of the following as of June 30, 2012 and 2011:
Unearned grants and contracts $ 1,605,459 $ 1,484,244
$ 2,211,334 $ 2,146,007
Long-term liabilities as of June 30, 2012, are summarized as follows:
| Beginning Balance | Additions | Reductions | Ending Balance | Current Portion | Noncurrent portion |
|---|
| General Receipts | | | | | | |
|---|
| Bonds | $ 4,525,000 | $ - | $ 360,000 | $ 4,165,000 | $ 375,000 | $ 3,790,000 |
|---|
| Capital lease Obligations | | | | | | |
|---|
| Master leases | - | - | - | - | - | - |
|---|
| Energy savings | 4,972,861 | - | 407,783 | 4,565,078 | 425,465 | 4,139,613 |
|---|
| Bond discount and issuance costs | (57,460) | - | - | (57,460) | (3,536) | (53,924) |
|---|
| Total bonds payable and capital lease obligations | 9,440,401 | - | 767,783 | 8,672,618 | 796,929 | 7,875,689 |
|---|
| Federal Grants | | | | | | |
|---|
| Refundable | 991,709 | - | - | 991,709 | - | 991,709 |
|---|
| Total long-term liabilities | $10,432,110 | $ - | $ 767,783 | $ 9,664,327 | $ 796,929 | $ 8,867,398 |
|---|