| ASSETS |
|
|
|
| CURRENT ASSETS |
|
|
|
| Unrestricted cash and cash equivalents |
$51,380,071 |
$46,623,061 |
10.2 |
| Restricted cash and cash equivalents |
$7,485,466 |
$11,885,061 |
(37.0) |
| Unrestricted Short-term investments |
$222,361,933 |
$173,661,880 |
28.0 |
| Restricted short-term investments |
$84,582,493 |
$120,854,988 |
(30.0) |
| Accounts receivable, net |
$100,624,536 |
$86,442,994 |
16.4 |
| Current portion of notes receivable |
$3,511,833 |
$3,090,073 |
13.6 |
| Current portion of student loans receivable |
$2,070,459 |
$2,017,156 |
2.6 |
| Current portion of pledges receivable |
$4,344,380 |
$5,980,201 |
(27.4) |
| Inventories |
$7,734,921 |
$8,116,943 |
(4.7) |
| Prepaid expenses and unearned scholarships |
$99,224,430 |
$89,343,468 |
11.1 |
| Other current assets |
$1,128,541 |
$1,043,890 |
8.1 |
| Total current assets |
$584,449,063 |
$549,059,715 |
6.4 |
| NON-CURRENT ASSETS |
|
|
|
| Restricted cash and cash equivalents |
$2,753,537 |
$2,605,325 |
5.7 |
| Endowment, and life income investments |
$785,374,066 |
$683,226,537 |
15.0 |
| Investments for capital activities |
$426,683,893 |
$266,214,793 |
60.3 |
| Other long-term investments |
$297,559,736 |
$300,014,009 |
(0.8) |
| Notes receivable, net |
$158,718,645 |
$149,602,153 |
6.1 |
| Student loans receivable, net |
$9,720,308 |
$9,334,314 |
4.1 |
| Pledges receivable, net |
$13,637,319 |
$14,479,193 |
(5.8) |
| Capital assets, net |
$1,983,596,717 |
$1,904,412,183 |
4.2 |
| Other noncurrent assets |
$10,131,151 |
$9,654,766 |
4.9 |
| Total noncurrent assets |
$3,688,175,372 |
$3,339,543,273 |
10.4 |
| Total assets |
$4,272,624,435 |
$3,888,602,988 |
9.9 |
| DEFERRED OUTFLOWS OF RESOURCES |
|
|
|
| Bond deferred refunding |
$14,024,748 |
$13,657,223 |
2.7 |
| Pension obligations |
$144,365,221 |
$112,583,201 |
28.2 |
| Total deferred outflows of resources |
$158,389,969 |
$126,240,424 |
25.5 |
| Total assets and deferred outflows of resources |
$4,431,014,404 |
$4,014,843,412 |
10.4 |
| LIABILITIES AND NET POSITION |
|
|
|
| CURRENT LIABILITIES |
|
|
|
| Accounts payable and accrued liabilities |
$144,556,466 |
$130,161,415 |
11.1 |
| Current portion of unearned revenue |
$304,119,075 |
$267,883,095 |
13.5 |
| Deposits |
$113,330,935 |
$156,694,155 |
(27.7) |
| Current portion of long-term debt |
$32,336,590 |
$24,936,126 |
29.7 |
| Total current liabilities |
$594,343,066 |
$579,674,791 |
2.5 |
| NONCURRENT LIABILITIES |
|
|
|
| Federal refundabale loans |
$9,691,088 |
$8,927,863 |
8.5 |
| Other liabilities |
$5,193,510 |
$5,781,756 |
(10.2) |
| Unearned revenue |
$5,927,827 |
$7,675,248 |
(22.8) |
| Long-term debt, net |
$1,041,305,641 |
$926,085,211 |
12.4 |
| Pension liability |
$623,398,000 |
$572,814,000 |
8.8 |
| Total noncurrent liabilities |
$1,685,516,066 |
$1,521,284,078 |
10.8 |
| Total liabilities |
$2,279,859,132 |
$2,100,958,869 |
8.5 |
| DEFFERED INFLOWS OF RESOURCES |
$16,054,000 |
$3,103,000 |
417.4 |
| NET POSITION |
|
|
|
| Invested in capital assets |
$1,076,735,303 |
$1,002,586,271 |
7.4 |
| Restricted |
|
|
|
| Nonexpendable |
$431,499,195 |
$399,742,094 |
7.9 |
| Expendable |
$386,414,207 |
$318,828,906 |
21.2 |
| Unrestricted |
$240,452,567 |
$189,624,272 |
26.8 |
| Total net position |
$2,135,101,272 |
$1,910,781,543 |
11.7 |
| Total liabilities, deferred inflows of resources and net position |
$4,431,014,404 |
$4,014,843,412 |
10.4 |
