| OPERATING REVENUES |
|
|
|
| Tuition and fees |
$572,020,518 |
$514,370,549 |
11.2 |
| Less: scholarship allowances |
($152,538,453) |
($127,427,695) |
19.7 |
| Tuition and fees, net |
$419,482,065 |
$386,942,854 |
8.4 |
| Federal grants and contracts |
$39,215,448 |
$42,272,418 |
(7.2) |
| State grants and contracts |
$26,112,621 |
$26,094,705 |
0.1 |
| Local grants and contracts |
$957,654 |
$536,475 |
78.5 |
| Private grants and contracts |
$6,664,248 |
$3,787,035 |
76.0 |
| Sales and services of educational activities |
$11,299,340 |
$12,986,742 |
(13.0) |
| Auxiliary sales and services |
$148,640,394 |
$144,765,209 |
2.7 |
| Other operating revenues |
$61,166,131 |
$42,516,071 |
43.9 |
| Total operating revenues |
$713,537,901 |
$659,901,509 |
8.1 |
| OPERATING EXPENSES |
|
|
|
| Salaries, wages, and benefits |
$543,326,645 |
$510,176,635 |
6.5 |
| Scholarships and fellowships |
$21,221,373 |
$20,647,980 |
2.8 |
| Supplies and other services |
$215,442,218 |
$220,120,548 |
(2.1) |
| Depreciation |
$54,805,154 |
$49,723,157 |
10.2 |
| Total operating expenses |
$834,795,390 |
$800,668,320 |
4.3 |
| Operating loss |
($121,257,489) |
($140,766,811) |
(13.9) |
| NONOPERATING REVENUES (EXPENSES) |
|
|
|
| State appropriations |
$144,234,844 |
$140,699,910 |
2.5 |
| Gifts |
$56,587,991 |
$45,366,130 |
24.7 |
| Grants |
$31,769,026 |
$30,805,700 |
3.1 |
| Investment (loss) income, net |
$57,911,278 |
$64,135,946 |
(9.7) |
| Interest expense |
($35,996,803) |
($34,936,244) |
3.0 |
| Other nonoperating revenues (expenses), net |
($837,766) |
($2,079,700) |
(59.7) |
| Net nonoperating revenues |
$253,668,570 |
$243,991,742 |
4.0 |
| Income before changes in net assets |
$132,411,081 |
$103,224,931 |
28.3 |
| OTHER CHANGES IN NET ASSETS |
|
|
|
| Capital appropriations |
$203,976 |
$769,264 |
(73.5) |
| Capital gifts and grants |
$5,305,187 |
$15,911,727 |
(66.7) |
| Additions to permanent endowments |
$14,385,976 |
$16,999,033 |
(15.4) |
| Intergovernmental transfers |
$903,955 |
($3,674,528) |
(124.6) |
| Increase in net assets |
$153,210,175 |
$133,230,427 |
15.0 |
| NET ASSETS, BEGINNING OF YEAR |
1,978,931,178 |
1,845,700,751 |
7.2 |
| NET ASSETS, END OF YEAR |
2,132,141,353 |
1,978,931,178 |
7.7 |
