Celebrating Excellence - Meadowridge School

20
Financials
Statement of Operations
For the year ended June 30, 2009
June 2009 June 2008
Revenue
Tuition $5,781,378 $5,379,033
Government Grants 1,101,180 1,055,742
Field Trip Revenue 170,144 178,906
Program Revenue 77,399 70,186
Registration and Assessments 208,500 88,400
7,338,601 6,772,267
Expenses
Instructional 3,795,085 3,503,392
Operating 1,949,321 1,594,895
Administrative 1,795,664 1,666,788
7,540,070 6,765,075
Income from Operations (201,469) 7,192
Other Revenue 293,945 539,046
Other Expenses 21,500 26,000
Net Other Revenue 272,445 513,046
Excess of Revenue over Expenses $70,976 $520,238
Statement of Cash Flows
For the year ended June 30, 2009
Operating Activities
Excess of Revenue over Expenses $70,976 $520,238
Amortization 863,203 609,502
(Loss) Gain on Disposal of Property, Plant, and Equipment (426) 767
Net Change in Non-Cash Working Capital 600,622 (526,642)
1,534,375 603,865
Financing and Investing Activities
Acquisition of Property, Plant, and Equipment (1,665,650) (4,916,549)
Disposal of Property, Plant and Equipment 2,878 1,000
Net Deposits Received 230,000 207,000
Deposits Donated (39,500) (127,500)
Deferred Financing Costs (64,260) 5,314
Deferred Contributions Received 51,306 65,683
Proceeds From Long-Term Debt 8,000,000 4,105,129
Principal Reduction of Long-Term Debt (10,315,370) (89,030)
(3,800,596) (748,953)
Change in Cash Position (2,266,221) (145,088)
Cash and Cash Equivalents Beginning of Year 2,711,001 2,856,089
Cash and Cash Equivalents End of Year $444,780 $2,711,001