RVCC 2019 NECHE Self-Study

Appropriations from the State of New Hampshire for capital expenditures 7,178,966 4,204,533
Payments made to the State of New Hampshire for capital accounts payable (6,438) (3,333,064)
Capital grants and contracts received 212,103 661,185
Purchase of capital assets (6,469,195) (5,622,915)
Payments received on notes receivable 49,353 88,581
Proceeds from borrowing on other long-term liabilities - 4,936,671
Principal on bonds payable and other liabilities (2,140,289) (3,783,878)
Interest on bonds payable and other liabilities (913,792) (885,859)
Net cash used for capital and related financing activities (2,089,292) (3,734,746)
and cash equivalents, end of year $ 14,285,430 $ 9,955,620
Receipt of assets held by Foundation
Proceeds from sales and maturities of investments
-
19,500,000
13,757,410
-
Purchase of investments (20,716,349) (14,948,458)
Interest and dividends received 373,667 318,860
Net cash used for investing activities (842,682) (872,188)
Net increase in cash and cash equivalents 4,329,805 724,235
Cash and cash equivalents, beginning of year 9,955,625 9,231,390
Community College System of
New Hampshire
2018 2017
Community College System of
New Hampshire
2018 2017
Reconciliation of operating loss to net cash used for operating activities
Reconciliation of operating loss to net cash used for operating activities
Operating
Operating loss
loss
$ (50,763,218) $ (51,003,307)
Adjustments to reconcile operating loss to net cash used for operating activities
$
Depreciation (50,763,218)
8,200,567 8,383,889
Change in allowance` - 121,233
Write $ down (51,003,307) of note receivable 1,875 -
Changes in assets, deferred outflows of resources, liabilities and deferred
Adjustments to
inflows of resources
Other reconcile current assets operating
542,428 17,019
Student loss loans to net receivable cash
90,805 65,113
Grants used receivable for operating
240,896 544,941
Deferred activities outflows of resources - pension 7,875,111 (13,068,725)
Deferred outflows of resources - OPEB (830,762) -
Accounts payable and accrued expenses (242,108) (191,215)
Accrued salaries and benefits 476,727 20,719
Deferred revenue and deposits (174,963) 280,728
OPEB liability (31,586,037) -
Net pension liability (9,260,798) 11,879,062
Refundable advances (64,503) (129,303)
Deferred inflows of resources - pension 1,843,728 -
Deferred inflows of resources - OPEB 32,899,601 3,250,820
Net cash used for operating activities $ (40,750,651) $ (39,829,026)
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