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Click to view a list of the 2003-04 Donors. Independent Auditor's Report
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| Statement of Financial Position Year Ended: June 30, 2004 |
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| Assets | |||
| Cash and cash equivalents | $252,593 |
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| Investments | 7,514,919
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| Unconditional promises to give | 198,147
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| Notes receivable | 247,697
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| Contributions receivable | 540,187
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| Supply inventory | 2,750
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| Total Assets | $8,756,293
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| Liabilities | |||
| Accounts payable | 46,074
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| Unitrust liability | 10,801
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| Total Liabilities | $56,875
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| Net Assets | |||
| Unrestricted | |||
| Board Designated | 143,955
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| Undesignated | 1,826,124
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| Total unrestricted | 1,970,079
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| Temporarily restricted | 2,835,588
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| Permanently restricted | 3,893,751
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| Total net assets | 8,699,418
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| Total Liabilities and Net Assets | $8,756,293
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Statement of Activities and Changes in Net Assets |
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Revenues |
Unrestricted |
Temporarily Restricted |
Permanently Restricted |
Total |
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Contributions |
$ 295,438 |
$ 881,278 |
$ 205,783 |
$1,382,499 |
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Memberships and Fees |
456 |
81,510 |
--
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81,966 |
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Special Events and Sales |
--
|
65,145 |
--
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65,145 |
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Transfers from |
213,717 |
7,320 |
3,348 |
221,037 |
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Interest and Dividends |
72,602 |
76,658
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3,348
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152,608
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Net Unrealized |
78,443 |
482,721 |
--
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561,164 |
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Change in Value of Split |
--
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36,488 |
15,187 |
51,675 |
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Decrease in Estimated |
--
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(271,506) |
--
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(271,506) |
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Total Revenues |
660,656 |
1,359,614 |
224,318 |
2,244,588 |
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Change in Donor Restriction |
-- |
2,135
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2,135
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-- |
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| Net Assets Released from Restrictions |
1,320,183
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1,320,183
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-- |
-- |
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Expenses: |
Unrestricted |
Temporarily Restricted |
Permanently Restricted |
Total |
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Payments to Cuesta College |
1,325,585
|
--
|
--
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1,325,585
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Administration |
--
|
--
|
--
|
--
|
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Personnel |
356,908
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--
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--
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356,908
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Operating |
100,978
|
--
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--
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100,978
|
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Development |
44,125
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--
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--
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44,125
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Total Expenses |
1,827,596
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-- |
-- |
1,827,596
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| Change in Net Assets | 153,243
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37,296
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226,453
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416,992
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| Net Assets - Beginning of Year |
1,327,276
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2,552,919
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3,901,031
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7,781,226
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| Prior Period Adjustment | 489,560
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245,373
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(233,733)
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501,200
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| Net Assets - Beginning of Year, Restated |
1,816,836
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2,798,292
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3,667,298
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8,282,426
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| Net Assets - End of Year |
$1,970,079
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$2,835,588
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$3,893,751
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$8,699,418
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