|
2012 |
2011 |
UNRESTRICTED NET ASSETS |
REVENUE — UNRESTRICTED |
Student activity fees |
$8,985,821 |
$6,350,000 |
Program income |
$284,674 |
$278,990 |
Rental income |
$629,047 |
$720,716 |
Recreation center income |
$302,799 |
- |
Commission income |
$137,887 |
$131,438 |
Other income |
$159,119 |
$125,676 |
Donations and grant revenue |
- |
$14,120 |
Total revenue - unrestricted |
$10,499,347 |
$7,620,940 |
Net Assets released from restrictions |
$264,857 |
- |
Total unrestricted revenue |
$10,764,204 |
$7,620,940 |
EXPENSES |
Program services |
$8,060,576 |
$5,765,585 |
General and administrative |
$1,413,569 |
$1,685,515 |
Total expenses |
$9,474,145 |
$7,451,100 |
Operating income |
$1,290,059 |
$169,840 |
NONOPERATING REVENUE |
Pension related changes other than
net periodic pension costs |
$705,189 |
$219,396 |
Interest income |
$442 |
$577 |
Net nonoperating revenues |
$705,631 |
$219,973 |
Increase in unrestricted net assets |
$1,995,690 |
$389,813 |
TEMPORARILY RESTRICTED NET ASSETS |
Grant revenue |
$452,559 |
- |
Net assets released from restrictions |
($264,857) |
- |
Temporarily restricted net assets |
$187,702 |
- |
CHANGE IN NET ASSETS |
$2,183,392 |
$389,813 |
NET ASSETS AT BEGINNING OF YEAR |
$2,631,644 |
$2,241,831 |
NET ASSETS AT END OF YEAR |
$4,815,036 |
$2,631,644 |