SOUTHERN UNIVERTY SYSTEM
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$70,244,010
Receivables (Non-Related)
47%
Investments
33%
Property, Plant, & Equipment (net)
13%
Cash & Equivalents
5%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$39,604,465
Tax-Exempt Bond Liabilities
52%
Grants Payable
33%
Notes Payable / Debt (Non-Related)
15%
Payables & Accruals
<1%
Deferred Revenue
<1%
Other Liabilities
<1%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,740,529
$3,733,516
-21%
Receivables (Non-Related)
$26,689,228
$33,288,134
+25%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$834,340
$421,591
-49%
Investments
$22,608,979
$23,317,427
+3%
Property, Plant, & Equipment (net)
$8,990,143
$9,478,878
+5%
Other Assets
$4,464
$4,464
+0%
Total Assets
$63,867,683
$70,244,010
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$908,239
$228,611
-75%
Grants Payable
$13,286,450
$13,139,148
-1%
Deferred Revenue
$61,385
$61,385
+0%
Tax-Exempt Bond Liabilities
$24,118,139
$20,414,696
-15%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$750,819
$5,756,933
+667%
Related-Party Payables
-
-
-
Other Liabilities
$3,692
$3,692
+0%
Total Liabilities
$39,128,724
$39,604,465
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$21,063,251
-
-
Unrestricted Net Assets
$3,675,708
$30,639,545
+734%
Net assets
2023
2024
Change
Net assets
+$24,738,959
+$30,639,545
+24%
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