Eagles Eye 2019 including the 2018/2019 Annual Report
The 30th Anniversary edition of Cincinnati Hills Christian Academy's Eagles Eye and 2018-2019 Annual Report
The 30th Anniversary edition of Cincinnati Hills Christian Academy's Eagles Eye and 2018-2019 Annual Report
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BALANCE SHEET <strong>2019</strong> vs <strong>2018</strong><br />
A LOOK AT OUR ASSETS<br />
<strong>2019</strong> <strong>2018</strong><br />
Cash & Investments<br />
$52,752,477<br />
ASSETS<br />
Cash & Investments<br />
Deferred Tuition<br />
Receivables<br />
$52,752,477<br />
$5,082,095<br />
$2,403,865<br />
$50,741,652<br />
$5,114,205<br />
$2,938,264<br />
Deferred Tuition<br />
Receivables/O<strong>the</strong>r Assets<br />
Property & Equipment<br />
TOTAL ASSETS<br />
$5,082,095<br />
$2,403,865<br />
$38,969,340<br />
$99,207,777<br />
Property & Equipment<br />
$38,969,340<br />
$40,038,909<br />
Interest Rate Swap<br />
$0<br />
$82,310<br />
TOTAL ASSETS<br />
$99,207,777<br />
$98,915,340<br />
Cash &<br />
Investments<br />
Deferred<br />
Tuition<br />
Receivables/<br />
O<strong>the</strong>r Assets<br />
Property &<br />
Equipment<br />
LIABILITIES & NET ASSETS<br />
Liabilities<br />
<strong>2019</strong> <strong>2018</strong><br />
CASH & INVESTMENTS<br />
Accrued Expenses<br />
$1,886,169<br />
$1,944,642<br />
Capital Reserve<br />
Deferred Tuition<br />
$5,082,095<br />
$5,114,205<br />
Take Flight<br />
Interest Rate Swap<br />
$619,747<br />
$0<br />
Bessie Steel (Armleder)<br />
Long Term Debt<br />
$9,824,555<br />
$10,909,488<br />
Light The Way<br />
Total Liabilities<br />
$17,412,566<br />
$17,968,335<br />
Schott International Fund<br />
Net Assets<br />
$81,795,211<br />
$80,947,005<br />
Cash Restricted<br />
TOTAL LIABILITIES &<br />
NET ASSETS<br />
$99,207,777<br />
$98,915,340<br />
Farmer Armleder Fund<br />
Lindner Armleder Fund<br />
Teacher Incentive Endowment<br />
CHCA DEBT BALANCE<br />
NC Enhancement - Affordability<br />
Pooled Endowments Tuition Reduction<br />
NC Enhancement - Building<br />
Cash Equivalents<br />
Armleder Scholarship Funds<br />
In <strong>2019</strong> <strong>the</strong> school refinanced debt (combined LTW construction<br />
loan with operating debt) with two swap agreements (3% &<br />
4.52%) making 100% of <strong>the</strong> debt locked in.<br />
TOTAL CASH & INVESTMENTS $52,752,476<br />
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