| 2010 | 2009 |
|---|
| ASSETS |
| Current assets |
| Cash and cash equivalents | $ 22,972,425 | $ 17,064,879 |
|---|
| Accounts, grants and loans receivable, net | 6,200,663 | 5,771,341 |
|---|
| Investments | 1,297,194 | 1,297,212 |
|---|
| Inventory and other current assets | 349,538 | 298,636 |
|---|
| Total current assets | 30,819,820 | 24,432,068 |
|---|
| Noncurrent assets |
| Accounts, grants and loans receivable, net | 756,703 | 873,803 |
|---|
| Investments | 8,828,005 | 8,047,554 |
|---|
| Capital assets, net | 82,972,962 | 80,587,157 |
|---|
| Total noncurrent assets | 92,557,670 | 89,508,514 |
|---|
| Total assets | 123,377,490 | 113,940,582 |
|---|
| LIABILITIES |
| Current liabilities |
| Accounts payable and accrued liabilities | 1,635,787 | 2,068,863 |
|---|
| Accrued compensated absences | 1,770,396 | 1,513,381 |
|---|
| Deferred revenue | 2,136,064 | 1,733,309 |
|---|
| Deposits | 35,883 | 30,960 |
|---|
| Other current liabilities | 295,575 | 376,205 |
|---|
| Bonds and capital lease obligations, current portion | 1,714,468 | 1,755,086 |
|---|
| Total current liabilities | 7,588,173 | 7,477,804 |
|---|
| Noncurrent liabilities |
| Bonds and capital lease obligations, noncurrent portion | 9,427,142 | 11,141,609 |
|---|
| Federal grants refundable | 965,947 | 1,187,881 |
|---|
| Total noncurrent liabilities | 10,393,089 | 12,329,490 |
|---|
| Total liabilities | 17,981,262 | 19,807,294 |
|---|
| NET ASSETS |
| Invested in capital assets, net of related debt | 71,831,353 | 67,690,461 |
|---|
| Restricted | | |
|---|
| Nonexpendable | 8,048,379 | 8,110,728 |
|---|
| Expendable | 5,063,026 | 4,079,665 |
|---|
| Unrestricted | 20,453,470 | 14,252,434 |
|---|
| Total net assets | $ 105,396,228 | $ 94,133,288 |
|---|
16.