Statements of Financial Position

As of June 30, 2003 and 2002

Lawrence University of Wisconsin


 
2003
2002
Assets
Cash and cash equivalents
$770,107
$1,491,216
Accounts and interest receivable
1,048,951
1,178,983
Inventories
393,984
462,603
Prepayments and other assets
3,122,370
2,512,211
Contributions receivable
14,154,261
15,321,075
Student loans receivable
3,992,816
4,068,732
Long-term investments
149,603,891
150,530,086
Property and equipment, less accumulated depreciation
93,069,006
83,474,304
Total assets
$266,155,386
$259,039,210
Liabilities and Net Assets
Liabilities  
Accounts payable and accrued liabilities
$8,954,914
$7,261,206
Deferred income and deposits
668,801
537,005
Advances from U.S. Government for student loans
1,972,487
1,951,383
Postretirement obligation
1,793,598
1,760,729
Annuities payable
1,311,202
1,571,571
Borrowings and lines of credit
62,533,855
51,539,462
Total liabilities
$77,234,857
$64,621,356
Assets
Unrestricted
$56,867,460
$70,242,476
Temporarily restricted
32,387,650
33,700,376
Permanently restricted
99,665,419
90,475,002
Total net assets
$188,920,529
$194,417,854
Total liabilities and net assets
$266,155,386
$259,039,210