ASSETS |
|
|
|
CURRENT ASSETS |
|
|
|
Unrestricted cash and cash equivalents |
$46,623,061 |
$59,994,443 |
(22.3) |
Restricted cash and cash equivalents |
$11,885,061 |
$10,534,443 |
12.8 |
Unrestricted Short-term investments |
$173,661,880 |
$212,618,731 |
(18.3) |
Restricted short-term investments |
$120,854,988 |
$77,146,113 |
56.7 |
Accounts receivable, net |
$86,442,994 |
$99,255,867 |
(12.9) |
Current portion of notes receivable |
$3,090,073 |
$2,701,798 |
14.4 |
Current portion of student loans receivable |
$2,017,156 |
$2,011,646 |
0.3 |
Current portion of pledges receivable |
$5,980,201 |
$9,345,092 |
(36.0) |
Inventories |
$8,116,943 |
$7,407,491 |
9.6 |
Prepaid expenses and unearned scholarships |
$89,343,468 |
$82,420,743 |
8.4 |
Other current assets |
$1,043,890 |
$1,247,522 |
(16.3) |
Total current assets |
$549,059,715 |
$564,683,889 |
(2.8) |
NON-CURRENT ASSETS |
|
|
|
Restricted cash and cash equivalents |
$2,605,325 |
$2,511,329 |
3.7 |
Endowment, and life income investments |
$683,226,537 |
$672,370,896 |
1.6 |
Investments for capital activities |
$266,214,793 |
$180,881,529 |
47.2 |
Other long-term investments |
$300,014,009 |
$337,449,285 |
(11.1) |
Notes receivable, net |
$149,602,153 |
$124,190,244 |
20.5 |
Student loans receivable, net |
$9,334,314 |
$9,077,914 |
2.8 |
Pledges receivable, net |
$14,479,193 |
$15,140,723 |
(4.4) |
Capital assets, net |
$1,904,412,183 |
$1,811,315,270 |
5.1 |
Other noncurrent assets |
$9,654,766 |
$8,201,430 |
17.7 |
Total noncurrent assets |
$3,339,543,273 |
$3,161,138,620 |
5.6 |
Total assets |
$3,888,602,988 |
$3,725,822,509 |
4.4 |
DEFERRED OUTFLOWS OF RESOURCES |
|
|
|
Bond deferred refunding |
$13,657,223 |
$14,471,215 |
(5.6) |
TRS employer contributions |
$43,303,201 |
$39,092,939 |
10.8 |
Pension related |
$69,280,000 |
$12,940,000 |
435.4 |
Total deferred outflows of resources |
$126,240,424 |
$66,504,154 |
89.8 |
Total assets and deferred outflows of resources |
$4,014,843,412 |
$3,792,326,663 |
5.9 |
LIABILITIES AND NET POSITION |
|
|
|
CURRENT LIABILITIES |
|
|
|
Accounts payable and accrued liabilities |
$130,161,415 |
$139,126,040 |
(6.4) |
Current portion of unearned revenue |
$267,883,095 |
$261,790,575 |
2.3 |
Deposits |
$156,694,155 |
$114,491,781 |
36.9 |
Current portion of long-term debt |
$24,936,126 |
$24,085,947 |
3.5 |
Total current liabilities |
$579,674,791 |
$539,494,343 |
7.4 |
NONCURRENT LIABILITIES |
|
|
|
Federal refundabale loans |
$8,927,863 |
$8,191,477 |
9.0 |
Other liabilities |
$5,781,756 |
$6,163,123 |
(6.2) |
Net pension liability |
$572,814,000 |
$472,075,000 |
21.3 |
Unearned revenue |
$7,675,248 |
$9,422,669 |
(18.5) |
Long-term debt, net |
$926,085,211 |
$952,208,314 |
(2.7) |
Total noncurrent liabilities |
$1,521,284,078 |
$1,448,060,583 |
5.1 |
Total liabilities |
$2,100,958,869 |
$1,987,554,926 |
5.7 |
DEFFERED INFLOWS OF RESOURCES |
$3,103,000 |
$35,395,000 |
(91.2) |
NET POSITION |
|
|
|
Invested in capital assets |
$1,002,586,271 |
$927,823,421 |
8.1 |
Restricted |
|
|
|
Nonexpendable |
$399,742,094 |
$382,130,652 |
4.6 |
Expendable |
$318,828,906 |
$328,475,754 |
(2.9) |
Unrestricted |
$189,624,272 |
$130,946,910 |
44.8 |
Total net position |
$1,910,781,543 |
$1,769,376,737 |
8.0 |
Total liabilities, deferred inflows of resources and net position |
$4,014,843,412 |
$3,792,326,663 |
5.9 |