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Table 6-2
Consolidated Balance Sheets (In thousands $)
June 30, 2018, and 2017

 
Assets   2018 2017
 
Cash and cash equivalents $ 64,598 59,445
Student receivables, net of allowance for doubtful accounts of $14,028 and $12,861 in 2018 and 2017, respectively   19,299 19,677
Other receivables, net of allowance for doubtful accounts of $60 and $72 in 2018 and 2017, respectively   5,166 20,978
Prepaid and other assets   11,740 12,646
Contributions receivable, net of allowance for uncollectible pledges of $1,852 and $1,527 in 2018 and 2017, respectively   11,706 14,185
Government receivables for student grants and loans   11,757 11,741
Deposit for facility construction   8,621 31,044
Beneficial interest in charitable term trust   17,664 18,949
Bond funds held in trust for future capital projects   -    34,915
Investments   722,542 631,289
Land, buildings, and equipment, net of accumulated depreciation   821,956 769,658
  Total assets $ 1,690,049 1,624,527
 
Liabilities and Net Assets  
Liabilities:
Accounts payable and accrued expenses $ 56,807 56,277
  Deferred tuition revenue   31,975 31,752
Deposits and deferred revenue 29,222 30,745
Other financing obligation 82,257 82,500
Bonds and notes payable, net of debt issuance consts 330,610 353,277
Government advances for student loans 10,559 10,390
Accrued postretirement benefits 58,718 59,471
    Total liabilities $ 600,148 624,412
Net assets:
Unrestricted 1,000,150 907,070
Temporarily restricted  29,713 33,481
Permanently restricted 60,038 59,564
    Total net assets $ 1,089,901 1,000,115
 
Total liabilities and net assets $ 1,690,049 1,624,527
 
Source:  University Financial Statements. IRMA 2018
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