| September 30, |
2008 |
2007 |
|
ASSETS |
| Cash and Cash Equivalents |
$ 3,935,759 |
$ 3,710,228 |
| Investments |
77,861,265 |
88,662,993 |
| Accounts Receivable, trade |
674,749 |
1,258,813 |
| Government Programs Receivable |
288,052 |
418,783 |
| Beneficial Interest Under Split-Interest Agreements |
82,673 |
59,475 |
| Inventories |
6,291,171 |
7,570,276 |
| Prepaid Expenses |
61,112 |
19,585 |
| Overfunded benefit plan asset |
5,783,894 |
6,163,562 |
| Investments, the use of which is limited |
2,614,638 |
3,049,311 |
| Property & Equipment, Net of Accumulated Depreciation |
3,948,634 |
3,242,798 |
| |
|
TOTAL ASSETS |
101,541,947 |
114,155,824 |
| |
| |
LIABILITIES AND NET ASSETS |
| LIABILITIES |
| Accounts Payable and Customer Deposits |
1,733,122 |
1,471,365 |
| Accrued Payroll |
372,520 |
263,806 |
| Accrued Taxes and Payroll Withholdings |
62,249 |
82,364 |
| Accrued Vacation |
616,688 |
611,095 |
| Annuities Payable |
1,641,681 |
1,010,937 |
| Underfunded benefit plan obligation |
9,896,540 |
6,554,604 |
| Deferred compensation liability |
354,465 |
397,683 |
| Other accrued expenses |
335,000 |
103,299 |
| |
|
| Total Liabilities |
15,012,265 |
10,495,153 |
| |
NET ASSETS |
| Unrestricted |
83,776,281 |
100,472,204 |
| Temporarily Restricted |
138,763 |
139,156 |
| Permanently Restricted |
2,614,638 |
3,049,311 |
| |
|
Total Net Assets |
86,529,682 |
103,660,671 |
| |
| |
TOTAL LIABILITIES AND NET ASSETS |
$101,541,947 |
$114,155,824 |
Full audited financial statements are available upon request.
