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CONDENSED DATA, PAGE 5
LOAN FUNDS
Net assets of student loan funds totaled $63,369,926 on June 30, 2001, representing an increase of $1,148,602 over the $62,221,324 balance at the beginning of the fiscal year.
A comparative Loan Funds Balance Sheet is presented for Fiscal Years ended June 30, 2000 and June 30, 2001.
| June 30, 2000 | June 30, 2001 | Increase (Decrease) | |
| ASSETS | |||
| Cash and Cash Equivalents | $13,320,473 | $15,003,295 | $1,682,822 |
| Investments | 28,866 | 38,001 | 9,135 |
| Notes Receivable | 48,871,985 | 48,328,630 | (543,355) |
| TOTAL ASSETS | $62,221,324 | $63,369,926 | $1,148,602 |
| LIABILITIES | |||
| Notes Payable | $19,513 | $19,389 | $(124) |
| Due to Other Fund Types | |||
| TOTAL LIABILITIES | 19,513 | 19,389 | (124) |
| FUND BALANCES | |||
| U.S. Government Loans | 46,434,179 | 37,132,320 | (9,301,859) |
| Institution Loans | 15,767,632 | 26,218,217 | 10,450,585 |
| TOTAL FUND BALANCES | 62,201,811 | 63,350,537 | 1,148,726 |
| TOTAL LIABILITIES AND FUND BALANCES | $62,221,324 | $63,369,926 | $1,148,602 |
ENDOWMENT FUNDS
Endowment Funds net assets totaled $129,402,335. Condensed comparative Balance Sheet for Endowment Funds is presented for June 30, 2000 and June 30, 2001.
| June 30, 2000 | June 30, 2001 | Increase (Decrease) | |
| ASSETS | |||
| Cash and Cash Equivalents | $34,318,926 | $37,158,703 | $2,839,777 |
| Investments | 92,305,733 | 92,241,503 | (64,230) |
| Accounts Receivable | 9,689 | 2,129 | (7,560) |
| TOTAL ASSETS | $126,634,348 | $129,402,335 | $2,767,987 |
| LIABILITIES | |||
| Accounts Payable | $0 | $2,331 | $2,331 |
| TOTAL LIABILITIES | 0 | 2,331 | 2,331 |
| FUND BALANCES | |||
| Endowments and Similar Funds | 126,634,348 | 129,400,004 | 2,765,656 |
| TOTAL FUND BALANCES | 126,634,348 | 129,400,004 | 2,765,656 |
| TOTAL LIABILITIES AND FUND BALANCES | $126,634,348 | $129,402,335 | $2,767,987 |