Annual Report 2016: APH Financial Statements, Fiscal Year 2016

October 1, 2015 – September 30, 2016

Statements of Activities and Changes in Net Assets

Statements of Financial Position: September 30, 2016 and 2015

Assets

2016 2015
Cash and Cash Equivalents $8,203,707 $5,655,963
Investments 111,931,575 109,530,297
Investments, the use of which is limited 4,061,889 3,870,578
Accounts Receivable, trade, net of allowance for bad debts 1,233,409 1,096,388
Government Programs Receivable 5,186,909 4,497,211
Split-Interest Agreements 2,181,117 2,179,093
Inventories 7,423,274 7,408,823
Prepaid Expenses 139,854 170,545
Other Receivable 836,800 966,400
Property & Equipment, Net of Accumulated Depreciation 2,988,849 2,909,953
Total Assets 144,187,383 138,285,251

Liabilities and Net Assets

2016 2015
Liabilities
Accounts Payable and Customer Deposits 1,964,292 2,033,858
Accrued Payroll 365,090 273,074
Accrued Taxes and Payroll Withholdings 97,575 172,666
Accrued Vacation 912,027 941,296
Annuities Payable 1,200,542 1,298,358
Underfunded benefit plan obligation 13,339,441 13,763,084
Deferred compensation liability 708,920 824,213
Other accrued expenses 257,028 224,633
Total Liabilities 18,844,915 19,531,182
Net Assets
Unrestricted
    Board–designated – accessible textbook program 1,621,864 1,573,834
    Invested in property and equipment 2,988,849 2,909,953
    Undesignated 127,828,190 121,983,695
    Funded status of benefit plan (13,339.441) (13,763,084)
Total unrestricted net assets 119,099,462 112,704,398
Temporarily Restricted 4,068,504 3,899,992
Permanently Restricted 2,174,502 2,149,679
Total Net Assets 125,342,468 118,754,069
Total Liabilities and Net Assets $144,187,383 $138,285,251

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