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50 55 60 65 70 75 80 85 90 20142013201220112010 10 15 20 25 30 20142013201220112010 Condensed Balance Sheets as of September 30 2014 2013 ASSETS cash and investments 21049085 23405028 loans receivable net 56907886 49241575 other receivables 2436210 2318590 fixed assets 2713666 2692317 other assets 2880877 1745216 total assets 85987724 79402726 LIABILITIES AND NET ASSETS accounts payable accrued liabilities 2693572 2668185 grants payable 1122131 1122557 notes and bonds payable 51998446 47533929 net assets 30173575 28078055 total liabilities and net assets 85987724 79402726 Condensed Statements of Activity for the 12 Months Ending September 30 2014 2013 REVENUE grants and contracts 12059855 14483899 loan fees and interest 2972477 2760266 investment income 153861 136222 other 257697 835782 total revenue 15443890 18216169 EXPENSES loan fund 2322071 2545508 housing and community 3317129 3667287 environmental services 4309947 4740688 other programs 835685 456647 rental operations 132053 115851 management and general 2431485 2548286 total expenses 13348370 14074267 increase in net assets 2095520 4141902 consisting of change in unrestricted net assets 1612429 650450 change in temporarily restricted net assets 483091 3491452 2095520 4141902 Five-Year History of Total Assets Millions of Dollars Five-Year History of Net Assets Millions of Dollars he following is a summary of infor- mation contained in RCACs annual financial statements for fiscal years 2013 and 2014. Complete financial statements with the associated independent auditors report are available at www.rcac.org. Financial Information