Fiscal Year 2010 IHL System A-133 Audit Report - Mississippi Board ...

STATE OF MISSISSIPPI INSTITUTIONS OF HIGHER LEARNINGCombining Statement of Net AssetsJune 30, 2010UniversityAlcorn Delta Jackson Mississippi Mississippi Mississippi University University of MississippiState State State State University Valley State of of Southern Medical IHL Board EliminationAssets University University University University for Women University Mississippi Mississippi Center Office MCVS entries TotalCurrent assets:Cash and cash equivalents $ 10,010,134 140,195 18,209,964 65,656,552 3,437,958 2,179,378 45,570,913 16,609,986 88,337,175 8,952,281 93,276 — 259,197,812Short-term investments 5,057,507 1,127,726 250,000 8,014,259 1,000,000 1,155,417 66,635,048 6,370,858 94,836,883 2,357,079 — — 186,804,777Accounts receivable, net 11,381,847 6,064,706 18,178,641 44,776,219 1,865,957 5,878,460 41,793,725 34,681,417 102,103,236 6,668,613 1,080,439 — 274,473,260Student notes receivable, net 318,013 370,348 230,349 2,565,264 143,475 — 4,750,956 1,718,679 1,237,583 1,373,235 — — 12,707,902Inventories 126,815 232,833 51,115 2,680,387 19,149 608,230 908,388 432,144 16,948,036 492,633 — — 22,499,730Prepaid expenses 9,711 108,658 154,720 4,788,652 160,629 195,139 687,660 5,140,390 3,861,535 55,097 — — 15,162,191Other current assets — — — — — — — — 591,201 — — — 591,201Total current assets 26,904,027 8,044,466 37,074,789 128,481,333 6,627,168 10,016,624 160,346,690 64,953,474 307,915,649 19,898,938 1,173,715 — 771,436,873Noncurrent assets:Restricted cash and cash equivalents 25,975,975 — 1,918,836 11,629,296 388,339 — 6,159,531 15,323,046 235,891,152 1,549,018 — — 298,835,193Restricted short-term investments — — — — — 113,229 — — 2,053,445 570,742 — — 2,737,416Endowments investments 7,352,780 9,640 12,246,629 21,297,650 3,613,879 1,218,574 61,767,741 2,764,579 42,918,936 18,321,977 — — 171,512,385Other long-term investments — 6,716,515 — 70,725,345 5,706,210 5,047,966 75,910,325 32,745,373 26,259,104 23,430,988 520,878 — 247,062,704Student notes receivable, net — 1,380,541 1,714,183 15,606,103 1,184,333 — 18,634,963 29,609,113 16,139,499 26,431,615 — — 110,700,350Capital assets, net 131,631,469 91,331,390 240,395,648 638,793,568 79,354,302 64,021,327 596,690,195 438,601,697 413,921,971 4,962,044 9,818 — 2,699,713,429Other noncurrent assets 491,471 — 5,239,126 — — 140,900 1,290,720 — 1,370,707 — — — 8,532,924Total noncurrent assets 165,451,695 99,438,086 261,514,422 758,051,962 90,247,063 70,541,996 760,453,475 519,043,808 738,554,814 75,266,384 530,696 — 3,539,094,401Total assets $ 192,355,722 107,482,552 298,589,211 886,533,295 96,874,231 80,558,620 920,800,165 583,997,282 1,046,470,463 95,165,322 1,704,411 — 4,310,531,274124(Continued)