Consolidated Financial Report - SUNY Canton

Canton College FoundationSUNY Canton2011-2012Canton College FoundationComparative Statements of Financial PositionAssets 6/30/2012 6/30/2011Cash and Equivalents $385,556 $346,976Bond Reserves Held in Trust $5,309,884 $10,393,925Pledges Receivable, Net $392,957 $115,218Other Receivables $35,438 $3,105Land and Buildings, net $19,496,781 $126,500Construction in Progress $- $14,597,178Furniture and Equipment, Net $633,368 $-Artwork $120,649 $120,649Bond Issuance Costs, Net $1,894,119 $1,949,828Charitable Remainder Trusts $1,186,226 $1,459,854Investments $10,142,706 $10,050,261Total Assets $39,597,684 $39,163,494Liabilities and Net AssetsLiabilitiesAccounts Payable $18,440 $42,404Accrued Expenses $234,544 $29,919Bonds Payable $26,935,000 $26,935,000Unitrust Liability $738,735 $888,980Total Liabilities $27,926,719 $27,896,303Net AssetsUnrestrictedUndesignated $2,119,628 $1,749,485Board Designated $195,820 $232,625Designated for Fixed Assets $247,149 $247,149Total Unrestricted $2,562,597 $2,229,259Temporarily Restricted $2,262,337 $2,552,530Permanently Restricted $6,846,031 $6,485,402Total Net Assets $11,670,965 $11,267,191Total Liabilities and Net Assets $39,597,684 $39,163,4942012-2013 Consolidated Financial ReportG-2