Bossier Parish Community College is in compliance with this comprehensive standard in spite of the effects of hurricane Katrina and the potential decreases in funding from state appropriations. The College's recent financial history demonstrates financial stability as provided in our Annual Financial Reports. An important factor to consider when evaluating financial strength is the ability of the College to meet financial obligations. The Statement of Cash Flows (Annual Financial Report 13) presents the information related to cash inflows and outflows and reflects the College's ability to satisfy its financial obligations without incurring debt.

The College's net assets (Annual Financial Report 10) are an indicator of financial health. Over time, increases or decreases in net assets are an indicator of the improvement or erosion of the College's financial health when considered with non-financial facts such as enrollment levels and condition of facilities. BPCC's assets exceeded its liabilities at fiscal year end June 30, 2005, and June 30, 2006, by $8,074,972 and $7,213,282 respectively. Total net assets at June 30, 2006, decreased by $861,690 or 10.67 percent from fiscal year end June 30, 2005.

Additionally, operating revenues (Annual Financial Report 5) reflect the College's operations and continuous growth. Operating revenues increased in the area of student tuition and fees from $7,073,256 at fiscal year end June 30, 2005, to $8,397,443 at fiscal year end June 30, 2006, or 18.72 percent. The Louisiana legislators did not allow a monetary raise in tuition, so the escalation in tuition and fee revenue is attributed to enhanced enrollment. The enrollment influx provided additional challenges since the State of Louisiana announced a hiring freeze after hurricanes Katrina and Rita devastated the state. In spite of the proposed budget decreases, Bossier Parish Community College remained lucrative. The College's endowment investments continue to strengthen. The endowment investment increase (Annual Financial Report 34) "Donor Restricted Endowments" was significant at fiscal year 2006.

Bossier Parish Community College continually evaluates its financial operations to support its vision of being the community college of choice for the best and brightest students in Northwest Louisiana. Prior financial statements reflect a strong financial history and are available on request through the College's Finance Department. Recent financial statements (Annual Financial Report 10-38) are available online in the Annual Financial Reports.