Balance Sheet

Fiscal Year Start:
May 1
Assets in 2025 (Year End)
$4,817,815,605
Investments
36%
Property, Plant, & Equipment (net)
33%
Receivables (Non-Related)
23%
Cash & Equivalents
7%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$3,220,830,785
Deferred Revenue
57%
Tax-Exempt Bond Liabilities
31%
Payables & Accruals
7%
Other Liabilities
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$281,926,811
$341,467,537
+21%
Receivables (Non-Related)
$1,239,518,873
$1,119,218,097
-10%
Related-Party Receivables
$0
$0
-
Inventories
$1,091,317
$1,096,909
+1%
Prepaid Expenses
$13,580,874
$10,482,268
-23%
Investments
$1,652,219,900
$1,756,270,544
+6%
Property, Plant, & Equipment (net)
$1,560,284,772
$1,577,253,075
+1%
Other Assets
$0
$12,027,175
-
Total Assets
$4,748,622,547
$4,817,815,605
+1%
Liabilities
2024
2025
Change
Payables & Accruals
$206,194,354
$237,415,479
+15%
Grants Payable
$0
$0
-
Deferred Revenue
$1,769,574,578
$1,846,184,528
+4%
Tax-Exempt Bond Liabilities
$1,082,776,489
$1,013,677,058
-6%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$169,351,725
$123,553,720
-27%
Total Liabilities
$3,227,897,146
$3,220,830,785
0%
Net assets
2024
2025
Change
Restricted Net Assets
$1,743,457,614
$1,816,480,713
+4%
Unrestricted Net Assets
-$222,732,213
-$219,495,893
+1%
Net assets
2024
2025
Change
Net assets
+$1,520,725,401
+$1,596,984,820
+5%