Annual Report 2007 - Meadowridge School
Annual Report 2007 - Meadowridge School
Annual Report 2007 - Meadowridge School
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<strong>Meadowridge</strong> <strong>School</strong> Society<br />
Statement of Financial Position<br />
As at June 30, <strong>2007</strong><br />
Assets Jun-07 Jun-06<br />
Current Assets<br />
Cash $2,776,977 $1,791,333<br />
Term Deposits 79,112 1,640,518<br />
Tuition Fees Receivable 18,771 7,401<br />
Other Accounts Receivable 218,096 128,694<br />
Inventory 16,478 10,774<br />
Prepaid Expenses 146,355 88,745<br />
3,255,789 3,667,465<br />
Deferred Financing Costs 20,999 26,313<br />
Property, Plant, and Equipment 12,627,511 8,279,899<br />
Liabilities and Net Assets<br />
$15,904,299 $11,973,677<br />
Current Liabilities<br />
Accounts Payable and Accrued Liabilities $1,118,978 $229,063<br />
Deposits Payable 6,615 14,681<br />
Unearned Tuition Revenue 1,425,937 1,230,008<br />
Current Portion of Long-Term Debt 96,288 90,809<br />
2,647,818 1,564,561<br />
Deposits (MEID) 2,856,000 2,929,000<br />
Deferred Contributions 385,132 95,030<br />
Long-Term Debt 6,077,025 4,254,832<br />
Net Assets<br />
Total Liabilities 11,965,975 8,843,423<br />
Invested in Property, Plant, and Equipment 3,488,552 1,164,408<br />
Unrestricted 449,772 1,965,846<br />
Total Net Assets 3,938,324 3,130,254<br />
$15,904,299 $11,973,677<br />
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