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LEE COLLEGE Statement of Unrestricted Revenues, Expenses, And Other Changes in Unrestricted Net Assets For the Year Ended December 31, 2014 Unrestricted Revenues: $10,625.00 Net

LEE COLLEGE Statement of Unrestricted Revenues, Expenses, And Other Changes in Unrestricted Net Assets For the Year Ended December 31, 2014
Unrestricted Revenues: $10,625.00
Net Tuition and Fees Nil
State Appropriation $100.00
Contributions Nil
Investment Income on Endowment $40.00
Other Investment Income $5,500.00
Sales and Services of Auxiliary Enterprises $16,265.00
Total Revenues Nil
Net Assets Released from Restrictions: $720.00
Expiration of Time Restrictions $1,080.00
Satifaction of Program Restrictions Nil
Satisfaction of Plant Acquisition Restrictions $1,800.00
Expiration of Term Endowment $18,065.00
Total Net Assets Released from Restrictions $7,000.00
Total Unrestricted Revenues and Other Support $4,500.00
Expenses and Losses: $1,200.00
Educational and General: Nil
Instruction $150.00
Research $1,600.00
Public Service $14,450.00
Academic Support $3,725.00
Student Services $18,175.00
Instituional Support Nil
Total Educational and General Expenses $18,175.00
Auxiliary Enterprises -$110.00
Total Expenses
Fire Loss
Total Expenses and Losses
Increase in Unrestricted Net Assets
LEE COLLEGE Statement of change in Net assets For the Year Ended December 31, 2014 (in thousands of dollars)
Total Unrestricted Revenues $16,265.00
Net Assets Released from Restrictions $1,800.00
Total Unrestricted Expenses and Losses -$18,175.00
Increase in Unrestricted Net Assets -$110.00
Temporarily Restricted Net Assets: $2,430.00
Contributions and Grants -$1,800.00
Net Assets Released from Restrictions $670.00
Increase in Temporarily Restricted Net Assets $2,540.00
Permanently Restricted Net Assets: $750.00
Contributions $3,290.00
Gains on Long-Term Investments $3,850.00
Increase in Permanently Resctricted Net Assets $3,060.00
Increase in Net Assets $6,910.00
Net Assets January 1, 2014
Net Assets Dec 31, 2014

PLEASE OFFER AN IN DEPTH ANALYSIS OF THE FINANCIAL HEALTH OF LEE COLLEGE!!

AT LEAST TWO PAGES!!

THIS IS FOR A NON PROFIT ACCOUNTING CLASS!

THANK YOU!

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