June 17, 2014 - by
Page 16 – FSU Athletics Annual Report





Page 16 – FSU Athletics Annual Report



Florida State University Department of Intercollegiate Athletics

fINANCIAL STATEMENTS


Statements of Net Position



June 30, 2013 and 2012


2013

2012

ASSETS

Current Assets
Cash and cash equivalents
$
450,016
$
69,647
Investments
13,669,829
13,729,971
Accounts receivable
7,832,452
9,895,329
Due from other funds
275,980
519,308
Prepaid expenses
281,448
298,672
Total current assets
22,509,725
24,512,927
Capital assets, net
919,693
833,519

Total Assets

$

23,429,418

$

25,346,446

LIABILITIES

Current liabilities
Accounts payable
$
919,432
$
766,515
Accrued expenses
530,650
395,010
Compensated absences, current portion
1,106,553
1,003,616
Due to other funds
376,566
80,131
Deferred revenue
9,724,842
12,097,677
Total current liabilities
12,658,043
14,342,949

Noncurrent Liabilities
Compensated absences, less current portion
1,692,536
2,223,467

Total Liabilities

$

14,350,579

$

16,566,416

NET POSITION

Net Position
Net investment in capital assets
$
919,693
$
833,519
Restricted for debt requirements
5,227,222
4,780,552
Unrestricted
2,931,924
3,165,959

Total Net Position

$

9,078,839

$

8,780,030

The accompanying notes to financial statements are an integral part of these statements.


14


/ Florida State University Department of Intercollegiate Athletics


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