Statements of Financial Position | Kent State University

Statements of Financial Position

STATEMENTS OF FINANCIAL POSITION

Assets

2015

2014

Cash and cash equivalents $2,202,184 $1,594,579
Receivables ----------------- -----------------
     Pledges 8,901,105 8,522,683
     Interest on notes receivable 436,129
-----------------
132,396
----------------
  9,337,234 8,655,079
Investments    
     Long-term pool 141,781,472 138,095,169
     Charitable remainder trusts 6,127,738 6,330,534
     Annuity Pool - 3,240,040
     Short-term pool 18,162
-----------------
11,974
-----------------
  147,927,372 147,677,717
     
Beneficial interest in trusts held by others 4,265,258 355,927
Notes receivable-Hotel and Conference Center 14,426,108 14,426,108
Property, net of depreciation 1,305,688
-----------------
1,506,448
-----------------
  $ 179,463,844
===========
$ 174,215,858
===========

 

Liabilities and Assets

2015

2014

Liabilities    
     Accounts payable $92,084  88,435
     Funds held for others 9,039,339

9,003,091

     Actuarial liabilities    
          Annuities 1,774,536 2,063,941
          Charitable
          remainder trusts
2,457,202
------------
2,609,396
------------
  13,363,161
------------
13,764,863
------------
Net assets    
     Unrestricted 10,997,258 10,229,182
     Temporarily
     restricted
114,097,081 113,388,802
     Permanently
     restricted
41,006,344
------------
36,833,011
------------
  $166,100,683
------------
160,450,995
------------
 

$179,463,844
===========

$ 174,215,858
===========

 

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