Annual Report Annual Report 2016-17 - Page 34

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