Financials
STATE M E NT O F ACTI V ITI E S
Year Ended June 30, 2017 and 2016
STAT E ME N T OF FIN A N CIA L POSIT ION
CHANGES IN UNRESTRICTED NET ASSETS
June 30, 2017 and 2016
REVENUE AND SUPPORT
ASSETS
LIABILITIES & NET ASSETS
Current Assets 2017 2016 Liabilities
Cash and cash equivalent 13,122,788 11,942,634 Current Liabilities
Grant and other receivables 25,043 1,089 Accounts payable
Prepaid expenses 152,580 272,366 Total - Current Assets 13,300,411 12,216,089 Investments 3,147,826 3,142,281 Property and equipment, net 22,364,044 20,590,820 Facility repair and
improvements reserve fund 304,775 1,578,624 Other assets 296,150 433,509 Deposits 127,440 127,440 Total - Assets 39,540,646 38,088,763
34
Annual Report 2017
2016
Charter per pupil allotment 24,590,868 23,342,528
Grants and contributions 219,435 199,124
Culinary arts sales 461,194 448,234
2016 Student fees and other income 332,172 240,341
221,999 151,945 Investment income 23,265 95,969
Accrued salaries and related 1,479,013
expenses 1,533,287 Total revenue and support 25,626,934 24,326,196
Due to Community Capital
Corporation 503,155 Net assets released from
restrictions 107,787 77,400
27,940 Total revenue, support and
other increases 25,734,721 24,403,596
2,100,293
Deferred revenue
Current portion of capital
lease obligations 140,476 133,272
Total current liabilities 3,941,781 2,349,599
Deferred rent 2,017,116 2,195,434
Capital lease obligations 12,905,843 13,046,319
Other liabilities 350,905 353,306
Total liabilities 19,215,645 17,944,658
Unrestricted 20,258,255 20,040,454
Temporarily Restricted 66,746 103,651
Total - Net Assets 20,325,001 20,144,105
Total Liabilities & Net
Assets 39,540,646 38,088,763
Photo: Mentorship program
CARLOS ROSARIO SCHOOL
2017 2017
Net Assets
Photo: Spelling Bee
Charter per pupil allotment
Photo: Voter Registration Fair
U S E O F FUN D S :
EXPENSES
2017 2016
Educational programs 22,483,014 22,197,321
General and administrative 2,919,417 2,765,700
Fundraising 114,489 74,358
Total expenses 25,516,920 25,037,379
Increase (decrease) in
unrestricted net assets 217,801 (633,783)
Changes in temporarily restricted net assets
Contributions 70,882 47,195
Net assets released from
restrictions (107,787) (77,400)
Decrease in temporarily
restricted net assets (36,905) (30,205)
Change in net assets 180,896 (663,988)
89% 11%
Program General &
Administrative
Photo: Carlos Rosario Graduation
CARLOS ROSARIO SCHOOL
Annual Report 2017
35