| September 30, |
2007 |
2006 |
|
ASSETS |
| Cash and Cash Equivalents |
$ 3,710,228 |
$ 7,088,127 |
| Investments |
88,662,993 |
74,939,774 |
| Accounts Receivable, trade net allowance for bad debts |
1,258,813 |
1,031,565 |
| Government Programs Receivable |
418,783 |
1,881,082 |
| Beneficial Interest Under Split-Interest Agreements |
59,475 |
283,728 |
| Inventories: |
7,570,276 |
7,238,577 |
| Prepaid Expenses |
19,585 |
20,695 |
| Prepaid Pension Expense |
|
1,886,051 |
| Overfunded benefit plan asset |
6,163,562 |
|
| Investments, the use of which is limited |
3,049,311 |
2,841,414 |
| Property & Equipment, Net of Accumulated Depreciation of $10,719,199 and $10,699,965 for 2007 and 2006, respectively |
3,242,798 |
3,472,692 |
| |
|
TOTAL ASSETS |
114,155,824 |
100,683,705 |
| |
| |
LIABILITIES AND NET ASSETS |
| LIABILITIES |
| Accounts Payable and Customer Deposits |
1,471,365 |
1,553,411 |
| Accrued Payroll |
263,806 |
248,190 |
| Accrued Taxes and Payroll Withholdings |
82,364 |
15,562 |
| Accrued Vacation |
611,095 |
617,318 |
| Annuities Payable |
1,010,937 |
977,922 |
| Underfunded benefit plan obligation |
6,554,604 |
|
| Deferred compensation liability |
397,683 |
283,533 |
| Other accrued expenses |
103,299 |
251,080 |
| |
|
| Total Liabilities |
10,495,153 |
3,947,016 |
| |
NET ASSETS |
| Unrestricted |
100,472,204 |
93,519,892 |
| Temporarily Restricted |
139,156 |
375,383 |
| Permanently Restricted |
3,049,311 |
2,841,414 |
| |
|
Total Net Assets |
103,660,671 |
96,736,689 |
| |
| |
TOTAL LIABILITIES AND NET ASSETS |
$114,155,824 |
$100,683,705 |
Full audited financial statements are available upon request.
