Annual Report - University Liggett School

A Picture of Good HealthStatement of Activities & Changes in Net Assets (in thousands of dollars/year ended June 30) Statement of Financial position (in thousands of dollars/year ended June 30)Endowment Market Values1998 • 26.97 Million1999 • 28.95 Million2000 • 28.87 Million2001 • 32.81 Million2002 • 32.32 Million2003 • 33.91 Million2004 • 38.95 MillionRevenues, Gains & Other Support 2008 2007Tuition and Fees, and Financial Aid, Net 8,571Endowment Investment Return 7,141Contributions 1,364All Other Revenue Sources 1,366Total Unrestricted Revenue, Gainsand Other Support 18,442ExpensesAcademic and Student Support 9,947All Other Expenses 4,366Total Expenses 14,313Assets 2008 2007Cash and Cash Equivalents 5,529Investment Revenue Receivable 215Inventories of textbooks & supplies 33Prepaid Expenses 54Contributions & Accounts Receivable, Net 775Land, Buildings & Equipment, Net 9,244Long-Term Investments 51,860Total Assets 67,710Liabilities 2008 2007Accounts Payable & Other 1,080Deferred Revenue 1,371Custodial Deposits 25Total Liabilities 2,476Net AssetsUnrestricted 51,819Temporarily Restricted 954Permanently Restricted 12,460Total Net Assets 65,2332005 • 42.41 Million2006 • 46.18 Million2007 • 51.86 Million2008 • 49.02 MillionIncrease in unrestricted net assets 4,123Increase in temporarily restricted net assets (6)Increase in permanently restricted net assets 108Net Assets -Beginning of Year 60,996Net Assets -End of Year 65,233100 101