LAKELAND UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$69,657,741
Property, Plant, & Equipment (net)
77%
Investments
10%
Receivables (Non-Related)
9%
Other Assets
3%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$46,228,999
Notes Payable / Debt (Non-Related)
76%
Payables & Accruals
12%
Other Liabilities
6%
Deferred Revenue
5%
Grants Payable
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,365,641
$452,571
-67%
Receivables (Non-Related)
$3,611,447
$6,521,179
+81%
Related-Party Receivables
-
-
-
Inventories
$165,817
$154,916
-7%
Prepaid Expenses
$287,619
$284,472
-1%
Investments
$7,746,877
$6,943,029
-10%
Property, Plant, & Equipment (net)
$59,723,698
$53,524,539
-10%
Other Assets
$895,900
$1,777,035
+98%
Total Assets
$73,796,999
$69,657,741
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$7,213,707
$5,530,377
-23%
Grants Payable
$28,624
$50,600
+77%
Deferred Revenue
$2,328,390
$2,489,750
+7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$35,700,874
$35,251,383
-1%
Related-Party Payables
-
-
-
Other Liabilities
$3,803,753
$2,906,889
-24%
Total Liabilities
$49,075,348
$46,228,999
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$2,751,824
$4,751,687
+73%
Unrestricted Net Assets
$21,969,827
$18,677,055
-15%
Net assets
2023
2024
Change
Net assets
+$24,721,651
+$23,428,742
-5%
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