Statements of Financial Position
as of JUNE 30, 1998
| ASSETS | ||
| CURRENT ASSETS: | 1998 | 1997 |
| Cash | $ 932,000 | $ 492,000 |
| Investments | 4,433,000 | 5,197,000 |
| Pledges, contracts and grants receivable | 3,191,000 | 3,120,000 |
| Accounts and other receivables | 1,070,000 | 1,458,000 |
| Unbilled project revenues | 1,473,000 | 1,675,000 |
| Deferred project costs | 109,000 | 154,000 |
| Prepaid expenses and other current assets | 177,000 | 117,000 |
| Inventory | 175,000 | |
| TOTAL CURRENT ASSETS | 11,560,000 | 12,213,000 |
| PLEDGE RECEIVABLES | 1,100,000 | 352,000 |
| RESTRICTED INVESTMENTS (including unexpended bond proceeds of $5,000,000 in 1998) |
9,823,000 | 3,282,000 |
| PROPERTY AND EQUIPMENT: | 1998 | 1997 |
| Land | $ 1,029,000 | $ 176,000 |
| Buildings and improvements | 3,174,000 | 7,139,000 |
| Construction in progress | 777,000 | 99,000 |
| Transmitting, broadcasting and other equipment | 15,765,000 | 15,565,000 |
| 20,745,000 | 22,979,000 | |
| Less: accumulated depreciation | (13,606,000) | (15,463,000) |
| 7,139,000 | 7,516,000 | |
| TOTAL ASSETS | $29,622,000 | $23,363,000 |
| LIABILITIES AND NET ASSETS | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $ 684,000 | $ 784,000 |
| Accrued expenses and other current liabilities | 1,167,000 | 1,781,000 |
| Deferred revenues | 788,000 | 853,000 |
| TOTAL CURRENT LIABILITIES | 2,638,000 | 3,418,000 |
| MORTGAGE NOTE PAYABLE | 5,000,000 | |
| NET ASSETS: | ||
| Unrestricted | $12,737,000 | $13,003,000 |
| Temporarily restricted | 7,865,000 | 5,592,000 |
| Permanently restricted | 1,382,000 | 1,350,000 |
| TOTAL NET ASSETS | 21,984,000 | 19,945,000 |
| TOTAL LIABILITIES AND NET ASSETS | $29,622,000 | $23,363,000 |
1997-98 Operating Revenues: $22,800,000
1997-98 Operating Expenses: $22,800,000
