Accounts, grants and loans receivable consist of the following as of June 30, 2019:
| Student tuition and fees | $ 2,354,146 |
|---|---|
| Student loans | 1,108,851 |
| Grants and contracts | 5,033,791 |
| Other | 43,460 |
| 8,540,248 | |
| Less: allowance for doubtful accounts | (1,828,011) |
| 6,712,237 | |
| Less: non-current portion | (81,633) |
| Current portion | $ 6,630,604 |
Capital assets as of June 30, 2019, are summarized as follows:
| Beginning Balance | Additions | Reductions/ Transfers | Ending Balance | |
|---|---|---|---|---|
| Cost | ||||
| Land and improvements | $ 6,275,031 | $ - | $ - | $ 6,275,031 |
| Buildings | 155,188,061 | 658,808 | - | 155,846,869 |
| Equipment | 25,340,852 | 373,686 | - | 25,714,538 |
| Computer software | 1,620,370 | 37,701 | - | 1,658,071 |
| Library holdings | 10,648,071 | - | - | 10,648,071 |
| Transportation equipment | 4,364,061 | 15,000 | - | 4,379,061 |
| Construction in progress | 9,602,114 | 1,738,680 | (658,808) | 10,681,986 |
| 213,038,560 | 2,823,875 | (658,808) | 215,203,627 | |
| Accumulated depreciation | ||||
| Buildings | 101,831,821 | 2,233,181 | - | 104,065,002 |
| Equipment | 20,022,064 | 1,373,766 | - | 21,395,830 |
| Library holdings | 10,345,475 | 71,975 | - | 10,417,450 |
| Transportation equipment | 3,921,432 | 182,516 | - | 4,103,948 |
| 136,120,792 | 3,861,438 | - | 139,982,230 | |
| Capital assets, net | $ 76,917,768 | $ (1,037,563) | $ (658,808) | $ 75,221,397 |
Construction in progress consists primarily of a project to repair and replace boilers and distribution lines. The project is projected to be completed in fiscal year 2020.
27.