SUMMIT PUBLIC SCHOOLS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$68,464,260
Cash & Equivalents
48%
Other Assets
26%
Receivables (Non-Related)
14%
Investments
10%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$27,010,991
Other Liabilities
74%
Deferred Revenue
17%
Payables & Accruals
10%
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
$32,205,694
$32,946,010
+2%
Receivables (Non-Related)
$8,597,691
$9,351,534
+9%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$740,923
$722,590
-2%
Investments
$1,050,919
$7,117,739
+577%
Property, Plant, & Equipment (net)
$1,282,361
$829,061
-35%
Other Assets
$32,142,739
$17,497,326
-46%
Total Assets
$76,020,327
$68,464,260
-10%
Liabilities
2023
2024
Change
Payables & Accruals
$4,147,215
$2,645,340
-36%
Grants Payable
-
-
-
Deferred Revenue
$8,696,668
$4,511,356
-48%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$34,903,731
$19,854,295
-43%
Total Liabilities
$47,747,614
$27,010,991
-43%
Net assets
2023
2024
Change
Restricted Net Assets
$660,838
$695,539
+5%
Unrestricted Net Assets
$27,611,875
$40,757,730
+48%
Net assets
2023
2024
Change
Net assets
+$28,272,713
+$41,453,269
+47%
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