b'WILLIAM JAMES COLLEGE 332024 Financial StatementThe College awarded $4.2 million in scholarship aid$58.2 FY 20 $43.2Mand paid out $2.1 million in student employment.FY 21 $45.5MThe combined total of $6.3 million represents 15%MILLION FY 22 $45.9Min total assets FY 23 $50.4Mof the total operating budget.FY 24 $58.2MRevenue from government contracts totaled$9.5 million, a new high for the College. This includes $2.9 million received from the Employee$28.1 FY 20 $18.9MFY 21 $23.9MRetention Tax Credit. MILLION FY 22 $23.9Min net assets FY 23 $24.2MCash and investments totaled $26.8 million as ofFY 24 $28.1Mthe end of the year, which is an increase of $4.1 million from last year.The change in net assets from the FY 2024 Audited$9.5 FY 20 $3.86M $6.93MFY 21Financial Statements is $3.8 million. Total netMILLION FY 22 $4.91Min governmentFY 23 $6.84Massets are $28.1 million as of the end of the year.contractsFY 24 $9.48MA planned two-year project to replace the Colleges exterior windows began in the Spring of 2022 and ended in the Fall of 2023. The project finished on$4.2 FY 20 $1.53M $2.97MFY 21time and $1.6 million under budget. The project isMILLION FY 22 $3.35Mbeing financed by $8 million in MDFA Series 2021in scholarship aid FY 23 $3.77Mtax-exempt bonds at a fixed interest rate of 2.44%FY 24 $4.20Mfor the first ten years.For detailed information about our financial$2.1 FY 20 $1.22Kstatements, please contact Vice President ofFY 21 $1.73MMILLION FY 22 $1.81MFinance and Operations Daniel Brent at in studentFY 23 $2.60M617-564-9336 or dan_brent@williamjames.edu.employment FY 24 $2.13M'