Brief Summary of FY19 Audited Financial Statements: Urban College of Boston (UCB) saw positive trends on key financial metrics in FY19, including an increase in operating revenues, net assets, and cash and equivalents. In FY19, UCB had $1,105,406 in Total Liabilities and Net Assets (an 8.5% increase from FY18). In FY19, UCB had total operating revenues of $3,711,344 (a 3.6% increase from FY18) and total operating expenses of $3,631,745 (a 3.2% increase from FY18). At the end of FY19, UCB’s net assets totaled $833,317 (a 10.6% increase from FY18) and UCB’s cash and equivalents totaled $417,478 (a 78.5% increase from FY18).