Page 41 - 2019-20 CAFR

Rogue Community College

Statement of Net Position
June 30, 2020 (continued)

Foundation
College (Component Unit)

Non­current liabilities ­ long­term obligations
Compensated absences 805,290 0

Less: current portion compensated absences (123,529)

College administered OPEB liability 5,019,320 0
Pension liability 28,961,522 0

Pension Pre­SLGRP liability 2,216,269 0
Less: current portion Pre­SLGRP liability (338,942) 0

Pension bonds payable 13,220,000 0

General obligation and refunding bonds payable, net of unamortized premium 30,757,881 0
Liability under trust agreement 0 1,030,698
Less: current portion of long­term obligations (3,840,000) 0

Total non­current liabilities ­ long­term obligations 76,677,811 1,030,698
TOTAL LIABILITIES 84,568,464 1,071,985

DEFERRED INFLOWS OF RESOURCES
Deferred inflow on pension obligation 2,957,433 0

Deferred inflow on college administered OPEB obligation 670,381 0

Deferred inflow on RHIA OPEB asset 73,888 0
TOTAL DEFERRED INFLOWS OF RESOURCES 3,701,702 0

NET POSITION
Investment in capital assets 51,784,148 0
Less: related debt (14,692,497) 0
Plus: deferred outflows attributable to capital assets 553,561 0

Net investment in capital assets 37,645,212 0
Restricted ­ non­expendable
Restricted ­ with donor restrictions 0 9,043,245
Restricted ­ expendable

Restricted ­ debt service 371,467 0

Restricted ­ contracts and grants 1,011,796 0
Restricted ­ RHIA OPEB plan asset 377,709 0

Total restricted net position 1,760,972 9,043,245
Unrestricted (18,885,085) 2,241,244
TOTAL NET POSITION $ 20,521,099 $ 11,284,489

See notes to basic financial statements.
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