Governmental accounting

ERIKSTEIN COLLEGE Statement of Financial Position June 30, 2013 (amounts in thousands) Assets 7,200 Cash and cash equivalents 1,430 Tuition and fees receivable (net of doubtful accounts of $90) 6,120 Pledges receivable (net of doubtful accounts of $280) 2,000 Prepaid expenses and other assets 158,400 Investments (at fair value, cost of $162,000) Property, plant and equipment (net of accumulated depreciation of $104,240) 260,600 S 435,750 Total assets Liabilities and Net Assets Liabilities 20,130 Accounts payable and accrued liabilities Deposits held in custody for others 4,700 Deferred revenue 900 Bonds payable 149,000 Total liabilities 174,730 Net Assets: Unrestricted $174,000 Temporarily restricted 33,040 Permanently restricted 53,980 Total net assets 261.020 Total liabilities and net assets 435,750 The following transaction information pertains to the year ended June 30, 2014. l. During the year charges for tuition and fees were $244,500; tuition allowances and scholarships were $48,700