Fiscal year 2011 was another year of big changes and substantial accomplishments for the agency. UERPC continued to sharpen its customer-centered approach to delivering services to the region. To accomplish that goal, the agency made large investments in physical capital - purchasing and redeveloping an office building and upgrading its investments in technology. It also made important and significant investments in human capital - hiring experienced, educated staff and providing additional training to existing staff to allow the organization to expand the menu of services it is able to offer the region. Management worked hard to strengthen the financial stability of UERPC - a fact reflected in these financials.
Financial Highlights:
The total net assets of UERPC exceeded the liabilities at June 30, 2011 by $2,080,836, increasing net assets by $57,577 from July, 2010.
Of total net assets, $735,797 is unrestricted and may be used to meet UERPC's ongoing obligations to member communities and creditors.