Page 40 - 2019-20 CAFR
P. 40
Rogue Community College
Statement of Net Position
June 30, 2020
Foundation
College (Component Unit)
ASSETS
Current Assets:
Cash and cash equivalents $ 40,798,189 $ 237,514
Receivables:
Property taxes 1,112,964 0
Accounts, net 2,683,606 2,656
Inventory 354,400 0
Prepaid expenses 1,584,503 3,130
Total current assets 46,533,662 243,300
Noncurrent Assets:
Receivables, scholarships and promises to give 0 106,281
Endowment investments 0 11,945,550
Land investments 0 59,577
RHIA OPEB asset 377,709 0
Capital assets 75,866,558 45,647
Less: accumulated depreciation (24,082,410) (43,881)
Capital assets, net 51,784,148 1,766
Total noncurrent assets 52,161,857 12,113,174
TOTAL ASSETS 98,695,519 12,356,474
DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 553,561 0
Deferred outflow on pension obligation 8,968,133 0
Deferred outflow on college administered OPEB obligation 558,221 0
Deferred outflow on RHIA OPEB asset 15,831 0
TOTAL DEFERRED OUTFLOWS OF RESOURCES 10,095,746 0
LIABILITIES
Current Liabilities:
Accounts payable 1,195,554 26,247
Retainage payable 332,482 0
Accrued interest payable 43,985 0
Payroll liabilities 1,816,548 15,040
Unearned revenue 199,613 0
Current portion of compensated absences 123,529 0
Current portion of longterm obligations 3,840,000 0
Current portion of PreSLGRP liability 338,942 0
Total current liabilities 7,890,653 41,287
See notes to basic financial statements.
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