Accounts payable and accrued liabilities as of June 30, 2014 and 2013, are as follows:
| 2014 | 2013 | |
| Payable to vendors and contractors | $ 563,431 | $ 63,548 |
| Accrued sick leave liability | 346,431 | 500,000 |
| Accrued salaries and other liabilities | 2,492,380 | 2,727,466 |
| $ 3,402,242 | $ 3,291,014 |
Unearned revenue consists of the following as of June 30, 2014 and 2013:
2014 2013
Unearned summer school tuition and fees $ 261,467 $ 390,665
Unearned grants and contracts $ 1,037,861 $ 889,413
$ 1,299,328 $ 1,280,078
Long-term liabilities as of June 30, 2014, are summarized as follows:
| Beginning Balance | Additions | Reductions | Ending Balance | Current Portion | Noncurrent portion | |
|---|---|---|---|---|---|---|
| General receipts bonds | $ 3,790,000 | $ - | $ 385,000 | $ 3,405,000 | $ 210,000 | $ 3,195,000 |
| Note payable – City of Frankfort | 300,000 | - | 50,000 | 250,000 | 50,000 | 200,000 |
| Capital lease – police vehicles | - | 101,204 | - | 101,204 | 33,735 | 67,469 |
| Capital lease obligations-energy savings | 4,139,613 | - | 443,913 | 3,695,700 | 463,161 | 3,232,539 |
| Bond discount | (53,629) | - | (3,831) | (49,798) | (3,831) | (45,967) |
| Total bonds payable and capital lease obligations | 8,175,984 | 101,204 | 875,082 | 7,402,106 | 753,065 | 6,649,041 |
| Federal grants refundable | 991,709 | - | 456,795 | 534,914 | - | 534,914 |
| Total long-term liabilities | $ 9,167,693 | $ 101,204 | $ 1,331,877 | $ 7,937,020 | $ 753,065 | $ 7,183,955 |