LAKE TECHNICAL COLLEGE INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$22,192,575
Cash & Equivalents
57%
Property, Plant, & Equipment (net)
31%
Other Assets
8%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$7,421,588
Other Liabilities
94%
Deferred Revenue
5%
Payables & Accruals
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$14,204,179
$12,718,587
-10%
Receivables (Non-Related)
$565,201
$756,776
+34%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$914
$914
+0%
Investments
-
-
-
Property, Plant, & Equipment (net)
$7,061,899
$6,848,661
-3%
Other Assets
$1,490,861
$1,867,637
+25%
Total Assets
$23,323,054
$22,192,575
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$130,642
$99,362
-24%
Grants Payable
-
-
-
Deferred Revenue
$245,556
$356,660
+45%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$6,427,966
$6,965,566
+8%
Total Liabilities
$6,804,164
$7,421,588
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$7,012,970
$4,217,144
-40%
Unrestricted Net Assets
$9,505,920
$10,553,843
+11%
Net assets
2023
2024
Change
Net assets
+$16,518,890
+$14,770,987
-11%
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