b'PRESBYTERIAN HOMESFINANCIAL OVERVIEWYEARS ENDED MARCH 31, 2023 AND 2022(DOLLARS IN THOUSANDS) CONSOLIDATED BALANCE SHEETCONSOLIDATED STATEMENT OF OPERATIONSASSETS FY 2023 FY 2022 OPERATING REVENUE FY 2023 FY 2022Cash and cash equivalents, Monthly fees$116,433 $106,374investments in trading portfolio, Other revenue4,692 4,043 excluding those whose use is limited$ 205,360 $225,564 TOTAL RESIDENTIAL REVENUE121,125 110,417 Assets whose use is limited14,238 25,544 Entrance fee amortization19,621 18,528 Accounts receivable and other receivables6,785 4,863 Reimbursement from Geneva Foundation4,191 4,234 Due from related parties782 615Prepaid insurance and other2,491 2,550 TOTAL OPERATING REVENUE$144,937 $133,179Property and equipment, net396,428 378,182 OPERATING EXPENSESRight-of-use operating lease assets1,043 1,614 Salaries and benefits$69,247 $61,321Other long-term assets4,064 2,461 Supplies8,768 8,089TOTAL ASSETS$631,191 $ 641,393 Purchased services23,689 20,893LIABILITIES AND NET ASSETS Utilities3,652 4,137Accounts payable, deposits Other6,263 4,620and accrued liabilities$37,378 $32,943 Depreciation31,856 30,425Entrance fee refunds14,950 13,700 TOTAL OPERATING EXPENSES143,475 129,485Due to related parties34OPERATING INCOME$1,462 $3,694Notes and bonds payable180,556 187,535Deferred entrance fees135,789 123,296 NON-OPERATING EXPENSESRefundable entrance fees116,022 126,106 Investment gain (loss)$(8,821) $2,769Lease liabilitiesoperating1,238 1,798 Change in fair value of interest rate swap1,549 2,676Other long-term liability6,197 6,188 Interest expense(5,046)(4,178)Net assets139,027 149,827 Other56 655TOTAL LIABILITIES AND NET ASSETS$631,191 $641,393 TOTAL NON-OPERATING EXPENSES(12,262 )1,922NET ASSETS TRANSFERREDFROM AFFILIATE$ 12,500CHANGE IN NET ASSETS$(10,800 )$18,116PRESBYTERIAN HOMES & GENEVA FOUNDATION 2023 ANNUAL REPORTn15'