|
With
student programs at the core of HECUA activities,
enrollment is central to the financial well-being
of the consortium. Enrollments have steadily increased
over the past five years, and significant increases
are projected based on the addition of new programs
and stepped-up recruitment strategies. Annual
net revenues resulting from sensible program pricing,
strong enrollments and conservative spending have
built a substantial reserve (net assets) that
provides organizational stability and opportunity
for investment in new activities and programs
that best serve consortium members and other partners.
|
Assets
|
1999-2000
|
2000-2001
|
2001-2002
|
|
Cash
& Investments
|
665,339
|
824,824
|
775,204
|
|
Accounts
receivable
|
12,238
|
333,058
|
166,302
|
|
Prepaid expenses
|
18,871
|
19,334
|
52,618
|
|
Equipment/leasehold
improvements (net)
|
19,648
|
85,592
|
66,618
|
|
TOTAL
ASSETS
|
$ 716,096
|
$1,262,808
|
$1,061,118
|
|
LIABILITIES
|
|
Accounts
payable
|
4,008
|
12,450
|
16,290
|
|
Accrued
expenses
|
17,738
|
15,234
|
31,212
|
|
Deferred
revenues
|
36,207
|
29,633
|
26,400
|
|
Total
Liabilities
|
57,953
|
57,317
|
73,902
|
|
NET
ASSETS
|
|
Unrestricted
|
652,659
|
761,111
|
722,836
|
|
Restricted
|
5,484
|
444,380
|
264,380
|
|
Total
Net Assets
|
658,143
|
1,205,491
|
987,216
|
|
TOTAL
LIABILITIES & NET ASSETS
|
$
716,096
|
$1,262,808
|
$1,061,118
|
|
|
