Operating revenues |
|
|
|
Tuition and fees |
$454,187,595 |
$378,045,840 |
20.1 |
Less: scholarship allowances |
($105,643,511) |
($89,512,958) |
18.0 |
Tuition and fees, net |
$348,544,084 |
$288,532,882 |
20.8 |
Federal grants and contracts |
$48,050,820 |
$48,829,717 |
(1.6) |
State grants and contracts |
$23,642,389 |
$21,552,559 |
9.7 |
Local grants and contracts |
$518,818 |
$268,978 |
92.9 |
Private grants and contracts |
$2,405,135 |
$9,857,369 |
(75.6) |
Sales and services of educational activities |
$11,643,489 |
$11,836,707 |
(1.6) |
Auxiliary sales and services |
$140,948,823 |
$122,446,271 |
15.1 |
Other operating revenues |
$44,505,964 |
$42,297,178 |
5.2 |
Total operating revenues |
$620,259,522 |
$545,621,661 |
13.7 |
Operating expenses |
|
|
|
Salaries, wages, and benefits |
$485,618,389 |
$466,596,025 |
4.1 |
Scholarships and fellowships |
$19,454,077 |
$10,323,158 |
88.5 |
Supplies and other services |
$202,361,216 |
$196,249,994 |
3.1 |
Depreciation |
$48,510,924 |
$47,903,943 |
1.3 |
Total operating expenses |
$755,944,606 |
$721,073,120 |
4.8 |
Operating loss |
($135,685,084) |
($175,451,459) |
(22.7) |
Nonoperating revenues (expenses) |
|
|
|
State appropriations |
$145,951,239 |
$137,427,195 |
6.2 |
State fiscal stabilization funds |
|
$14,699,372 |
(100.0) |
Gifts |
$50,354,337 |
$53,594,605 |
(6.0) |
Grants |
$31,128,382 |
$30,492,746 |
2.1 |
Investment (loss) income, net |
$94,052,944 |
$1,125,350 |
8,257.7 |
Interest expense |
($34,153,468) |
($35,340,619) |
(3.4) |
Other nonoperating revenues (expenses), net |
$1,971,520 |
($1,812,839) |
(208.8) |
Net nonoperating revenues |
$289,304,954 |
$200,185,810 |
44.5 |
Income before changes in net assets |
$153,619,870 |
$24,734,351 |
521.1 |
Other changes in net assets |
|
|
|
Capital appropriations |
$1,040,837 |
$20,257,391 |
(94.9) |
Capital gifts and grants |
$52,078,458 |
$26,900,828 |
93.6 |
Additions to permanent endowments |
$18,209,743 |
$16,623,409 |
9.5 |
Intergovernmental transfers |
$7,414,988 |
($7,387,876) |
(200.4) |
Increase in net assets |
$232,363,896 |
$81,128,103 |
186.4 |
Net assets, beginning of year |
1,617,054,578 |
1,535,926,475 |
5.3 |
Net assets, end of year |
1,849,418,474 |
1,617,054,578 |
14.4 |