FAULKNER UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$115,341,167
Property, Plant, & Equipment (net)
54%
Investments
32%
Cash & Equivalents
8%
Receivables (Non-Related)
6%
Other Assets
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$43,161,551
Tax-Exempt Bond Liabilities
69%
Deferred Revenue
15%
Payables & Accruals
14%
Other Liabilities
3%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,336,024
$8,737,811
+5%
Receivables (Non-Related)
$6,746,208
$6,450,587
-4%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$22,964,059
$36,534,425
+59%
Property, Plant, & Equipment (net)
$61,466,091
$62,376,181
+1%
Other Assets
$945,532
$1,242,163
+31%
Total Assets
$100,457,914
$115,341,167
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$5,101,029
$5,925,079
+16%
Grants Payable
-
-
-
Deferred Revenue
$6,301,876
$6,310,188
+0%
Tax-Exempt Bond Liabilities
$30,452,598
$29,640,135
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$14,966
$9,931
-34%
Related-Party Payables
-
-
-
Other Liabilities
$902,308
$1,276,218
+41%
Total Liabilities
$42,772,777
$43,161,551
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$18,808,318
$35,824,788
+90%
Unrestricted Net Assets
$38,876,819
$36,354,828
-6%
Net assets
2023
2024
Change
Net assets
+$57,685,137
+$72,179,616
+25%
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