Western Michigan University University Statement of Net Position
Western Michigan University Western Michigan
Statement of Net Position
Statement of Net Position June 30 2013 June 30 2013
Current Assets Current Cash andAssets cash equivalents (Note 2) Cash andinvestments cash equivalents 2) Short-term (Note (Note 2) Short-term investments Accounts receivable - Net(Note (Note2) 3) Accounts receivable - Net (Note 3) Inventories Inventories Deposits, prepaid expenses, and other assets Deposits, prepaid expenses, and other assets Total current assets Total current assets Long-term Investments (Note 2) Long-term Investments (Note 2) Student Loans Receivable - Net (Note 3) Student Loans Receivable - Net (Note 3) Other Assets Other Assets Capital Assets - Net (Note 4) Capital Assets - Net (Note 4) Total assets Total assets Current Liabilities Current Liabilities Line of credit (Note 6) Line ofportion credit of (Note Current debt6)obligations (Note 5) Current portion of Accounts payable debt obligations (Note 5) Accounts payable Due to depositors Due to payroll depositors Accrued and withholdings Accruedretirement payroll and withholdings Employee Employee retirement Insurance and other claims payable (Note 7) Insurance andreceived other claims payable (Note 7) Tuition and fees in advance Tuition and fees received in advance Other liabilities Other liabilities Total current liabilities Total current liabilities Long-term Obligations - Net of current portion (Note 5) Long-term Obligations - Net of current portion (Note 5) Total liabilities Total liabilities Net Position Position Net Unrestricted Unrestricted Restricted for: Restricted Expendablefor: Expendable Loans Loans Other Other Net investment in capital assets Net investment in capital assets Total net position Total net position
The Notes to the Financial Statements are an The NotesPart to the Financial Statements are an Integral of This Statement. Integral Part of This Statement.
32 Financial Report
19 19
$
$
2012 2012
35,576,324 $ 33,500,449 35,576,324 $ 4,491,121 33,500,449 1,269,555 1,269,555 4,491,121 36,334,807 44,267,274 36,334,807 44,267,274 2,546,549 5,539,388 2,546,549 5,539,388 3,665,966 1,918,114 1,918,114 3,665,966 79,393,201 89,716,346 79,393,201 89,716,346 130,326,160 111,991,247 130,326,160 111,991,247 9,165,970 9,164,089 9,165,970 9,164,089 109,251 331,062 109,251 331,062 727,761,341 707,716,151 727,761,341 707,716,151 946,755,923 918,918,895 946,755,923 918,918,895 6,655,558 6,655,558 19,105,844 19,105,844 21,295,341 21,295,341 656,447 656,447 22,992,946 22,992,946 6,556,759 6,556,759 7,827,838 7,827,838 12,166,786 12,166,786 97,257,519 97,257,519 452,167,000 452,167,000 549,424,519 549,424,519
17,501,097 17,501,097 20,250,606 20,250,606 675,266 675,266 20,454,701 20,454,701 69,433 69,433 6,893,082 6,893,082 5,667,861 5,667,861 12,017,924 12,017,924 83,529,970 83,529,970 460,333,370 460,333,370 543,863,340 543,863,340
(50,487,805) (49,203,342) (50,487,805) (49,203,342) 1,830,684 1,742,960 1,830,684 1,742,960 9,097,789 9,170,840 9,097,789 9,170,840 7,432,430 7,078,257 7,432,430 7,078,257 429,458,306 406,266,840 429,458,306 406,266,840 $ 397,331,404 $ 375,055,555 $ 397,331,404 $ 375,055,555