Balance Sheet

Fiscal Year: 2025
Jun 1, 2024 – May 31, 2025
Assets in 2025 (Year End)
$252,298,779
Property, Plant, & Equipment (net)
77%
Investments
15%
Cash & Equivalents
5%
Other Assets
3%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$305,774,112
Deferred Revenue
47%
Tax-Exempt Bond Liabilities
29%
Notes Payable / Debt (Non-Related)
22%
Payables & Accruals
2%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$11,872,936
$12,922,636
+9%
Receivables (Non-Related)
$1,049,183
$1,097,556
+5%
Related-Party Receivables
-
-
-
Inventories
$84,305
$74,925
-11%
Prepaid Expenses
$237,043
$242,681
+2%
Investments
$33,396,277
$37,121,778
+11%
Property, Plant, & Equipment (net)
$197,090,264
$193,879,766
-2%
Other Assets
$8,475,280
$6,959,437
-18%
Total Assets
$252,205,288
$252,298,779
+0%
Liabilities
2024
2025
Change
Payables & Accruals
$5,852,833
$6,339,236
+8%
Grants Payable
-
-
-
Deferred Revenue
$140,555,241
$144,025,119
+2%
Tax-Exempt Bond Liabilities
$87,563,406
$87,630,018
+0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$67,832,912
$66,371,551
-2%
Related-Party Payables
-
-
-
Other Liabilities
$1,368,203
$1,408,188
+3%
Total Liabilities
$303,172,595
$305,774,112
+1%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-$50,967,307
-$53,475,333
-5%
Net assets
2024
2025
Change
Net assets
-$50,967,307
-$53,475,333
-5%