STATEMENT OF NET ASSETS & LIABILITIES

Assets	2019
Cash & Investments – Prop C	$9,519,460.35
Cash & Investments – Prop P	$7,368,605.00
Cash & Investments – CAR	$16,877,605.02
Restricted cash – Prop C	$7,013,808.00
Restricted cash – CAR	$2,009,629.49
Sales tax receivable – Prop C	$1,954,859.89
Sales tax receivable – Prop P	$1,742,998.79
Sales tax receivable – CAR	$1,742,998.79
Grant receivables	$518,815.83
Other receivables
Interest Receivables	$83,975.60
Prepaid expenses	$155,776.51
Land	$27,241,759.49
Land Improvements	$92,685,305.40
Buildings	$260,118.35
Construction in Process	$40,060,140.15
Furniture, Fixtures & Equipment	$957,790.60
Accumulated depreciation	-$54,301,197.62

Total Assets	$155,892,449.64

Liabilities	2019
Accounts payable	$3,474,717.74
Accrued Interest – Prop C	$28,769.99
Accrued Interest – CAR	$6,812.08
Accrued liabilities	$169,890.31
Bonds payable – Prop C	$12,810,000.00
Bonds payable – CAR	$63,345,000.00
Unearned revenue – Bond OIP, net – CAR	$1,339,215.57
Total Liabilities	$81,174,405.69

Net Assets	2019
Unrestricted	$18,356,196.15
Restricted	$19,938,339.00
Board Designated	$7,013,808.00
Investment in property and equipment, net of related debt	$29,409,700.80
Total Net Assets	$74,718,043.95

Total Liabilities and Net Assets	$155,892,449.64

STATEMENT OF REVENUES & ADMINISTRATIVE EXPENSES

Revenues	2019
Sales tax revenue – Prop C	$11,819,364.71
Sales tax revenue – Prop P	$10,652,388.96
Sales tax revenue – CAR	$10,652,388.86
Federal government grants	$1,656,706.98
Private Contributions	$3,667,685.40
Rental income	$985,082.96
Cost sharing revenues	$115,451.00
Investment income	$341,115.62
Investment income – CAR	$375,827.88
Miscellaneous income	$11,365.27
Total Revenues	$40,277,377.64

Administrative Expenses	2019
Salaries	$754,458.07
Benefits	$170,664.88
Professional Fees	$206,669.93
Office & Support	$78,732.40
Space & Occupancy	$165,865.87
Administrative Capital Purchases	$17,430.15
Total Expenses	$1,393,821.30