Annual Report 2014-15 | Page 44

FINANCIALS CONTINUED STATEMENTS OF FINANCIAL POSITION JUNE 30, 2015 AND 2014 LIABILITIES AND NET ASSETS ASSETS CURRENT ASSETS CURRENT LIABILITIES 2015 2014 $10,266,645 $9,698,591 $469,380 $257,974 - $110,442 $97,505 - - $ 6,785 $ 366,971 $255,033 $11,200,501 $10,328,825 $3,048,000 $3,036,000 $22,211,347 $23,397,738 Facility Repair and Improvements Reserve Fund $1,578,624 $560,153 Other Assets $1,570,324 $1,287,422 $127,440 $127,440 $39,736,236 $38,737,578 Cash and Cash Equivalents Due from Community Capital Corporation Due from Carlos Rosario Educational Foundation Grant Receivable Other Receivables Prepaid Expenses TOTAL CURRENT ASSETS Certificates of Deposit Property and Equipment, Net Deposits TOTAL ASSETS CARLOS ROSARIO INTERNATIONAL PUBLIC CHARTER SCHOOL / 2015 ANNUAL REPORT 2015 2014 Accounts Payable $424,930 $293,048 Accrued Salaries and Related Expenses $2,525,047 $738,503 Deferred Revenue $33,311 $28,940 Current Portion of Capital Lease Obligations $130,619 $134,565 TOTAL CURRENT LIABILITIES $3,113,907 $1,195,056 Deferred Rent $2,344,776 $2,407,280 Capital Lease Obligations $13,179,592 $13,310,211 Other Liabilities $289,868 $1,287,422 TOTAL LIABILITIES $18,928,143 $18,199,969 2015 2014 NET ASSETS Unrestricted Temporarily Restricted $20,674,237 $20,537,609 $133,856 - TOTAL NET ASSETS $20,808,093 $20,537,609 TOTAL LIABILITIES AND NET ASSETS $39,736,236 $38,737,578 45