BIRMINGHAM-SOUTHERN COLLEGE
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$88,792,202
Property, Plant, & Equipment (net)
70%
Other Assets
15%
Investments
11%
Cash & Equivalents
3%
Receivables (Non-Related)
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$44,983,307
Tax-Exempt Bond Liabilities
69%
Other Liabilities
22%
Notes Payable / Debt (Non-Related)
5%
Payables & Accruals
4%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$780,629
$2,503,228
+221%
Receivables (Non-Related)
$2,184,305
$1,003,944
-54%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$0
-
Investments
$9,601,168
$9,953,045
+4%
Property, Plant, & Equipment (net)
$64,789,792
$62,271,654
-4%
Other Assets
$13,060,930
$13,060,331
0%
Total Assets
$90,416,824
$88,792,202
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,285,756
$1,635,659
+27%
Grants Payable
$0
$0
-
Deferred Revenue
$0
$0
-
Tax-Exempt Bond Liabilities
$23,940,014
$31,180,895
+30%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$2,676,158
$2,473,374
-8%
Related-Party Payables
$0
$0
-
Other Liabilities
$7,891,024
$9,693,379
+23%
Total Liabilities
$35,792,952
$44,983,307
+26%
Net assets
2023
2024
Change
Restricted Net Assets
$55,691,610
$57,756,845
+4%
Unrestricted Net Assets
-$1,067,738
-$13,947,950
-1206%
Net assets
2023
2024
Change
Net assets
+$54,623,872
+$43,808,895
-20%
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