on bank loans, the introduction of our community dining program, and higher staff salaries and benefits. The school continues to rely on donations to improve our campus and to pay down the loans associated with our campus construction. The school has received a clean audit opinion from KPMG.
What we own – $ 79.2 m
Capital Assets $ 70.4 m( 88.9 %)
Cash $ 7.5 m( 9.4 %)
Prepaid Expenses $ 0.4 m( 0.5 %)
Accounts Receivable $ 0.3 m( 0.4 %)
Restricted Cash $ 0.3 m( 0.4 %)
Inventory $ 0.3 m( 0.4 %)
How we paid for it – $ 79.2 m
General Unrestricted Fund $ 46.2 m( 58.3 %)
Bank Loans $ 17.5 m( 22.1 %)
Fees Received in Advance $ 12.1 m( 15.3 %)
Accounts Payable & Accrued Liabilities $ 2.7 m( 3.4 %)
Internally Restricted Fund $ 0.5 m( 0.6 %)
Deferred Contributions $ 0.2 m( 0.3 %)