| ASSETS |
|
|
|
| CURRENT ASSETS |
|
|
|
| Unrestricted cash and cash equivalents |
$71,893,409 |
$51,380,071 |
39.9 |
| Restricted cash and cash equivalents |
$3,490,839 |
$7,485,466 |
(53.4) |
| Unrestricted Short-term investments |
$233,152,847 |
$222,361,933 |
4.9 |
| Restricted short-term investments |
$27,524,094 |
$84,582,493 |
(67.5) |
| Accounts receivable, net |
$96,091,544 |
$100,624,536 |
(4.5) |
| Current portion of notes receivable |
$4,462,276 |
$3,511,833 |
27.1 |
| Current portion of student loans receivable |
$2,020,335 |
$2,070,459 |
(2.4) |
| Current portion of pledges receivable |
$8,685,620 |
$6,488,635 |
33.9 |
| Inventories |
$6,011,790 |
$7,734,921 |
(22.3) |
| Prepaid expenses and unearned scholarships |
$98,987,483 |
$99,224,430 |
(0.2) |
| Other current assets |
$1,567,540 |
$1,128,541 |
38.9 |
| Total current assets |
$553,887,777 |
$586,593,318 |
(5.6) |
| NON-CURRENT ASSETS |
|
|
|
| Restricted cash and cash equivalents |
$3,399,556 |
$2,753,537 |
23.5 |
| Endowment, and life income investments |
$845,934,399 |
$785,374,066 |
7.7 |
| Investments for capital activities |
$339,549,277 |
$426,683,893 |
(20.4) |
| Other long-term investments |
$315,413,514 |
$297,559,736 |
6.0 |
| Notes receivable, net |
$202,724,118 |
$158,718,645 |
27.7 |
| Student loans receivable, net |
$9,962,671 |
$9,720,308 |
2.5 |
| Pledges receivable, net |
$18,968,308 |
$11,493,064 |
65.0 |
| Capital assets, net |
$2,100,055,575 |
$1,983,596,717 |
5.9 |
| Other noncurrent assets |
$9,992,398 |
$10,131,151 |
(1.4) |
| Total noncurrent assets |
$3,845,999,816 |
$3,686,031,117 |
4.3 |
| Total assets |
$4,399,887,593 |
$4,272,624,435 |
3.0 |
| DEFERRED OUTFLOWS OF RESOURCES |
|
|
|
| Bond deferred refunding |
$13,141,640 |
$14,024,748 |
(6.3) |
| Pension and OPEB obligations |
$162,406,491 |
$144,365,221 |
12.5 |
| Total deferred outflows of resources |
$175,548,131 |
$158,389,969 |
10.8 |
| Total assets and deferred outflows of resources |
$4,575,435,724 |
$4,431,014,404 |
3.3 |
| LIABILITIES AND NET POSITION |
|
|
|
| CURRENT LIABILITIES |
|
|
|
| Accounts payable and accrued liabilities |
$143,398,543 |
$144,556,466 |
(0.8) |
| Current portion of unearned revenue |
$306,806,133 |
$304,119,075 |
0.9 |
| Deposits |
$51,389,406 |
$113,330,935 |
(54.7) |
| Current portion of long-term debt |
$32,681,257 |
$32,336,590 |
1.1 |
| Total current liabilities |
$534,275,339 |
$594,343,066 |
(10.1) |
| NONCURRENT LIABILITIES |
|
|
|
| Federal refundabale loans |
$9,894,351 |
$9,691,088 |
2.1 |
| Other liabilities |
$5,068,723 |
$5,193,510 |
(2.4) |
| Unearned revenue |
$6,884,253 |
$5,927,827 |
16.1 |
| Long-term debt, net |
$1,005,691,287 |
$1,041,305,641 |
(3.4) |
| Pension liability |
$565,233,000 |
$623,398,000 |
(9.3) |
| OPEB liability |
$257,683,278 |
|
|
| Total noncurrent liabilities |
$1,850,454,892 |
$1,685,516,066 |
9.8 |
| Total liabilities |
$2,384,730,231 |
$2,279,859,132 |
4.6 |
| DEFFERED INFLOWS OF RESOURCES |
|
|
|
| Pension and OPEB obligations |
$86,757,158 |
$16,054,000 |
440.4 |
| Split interest - remainder interest |
$2,842,515 |
|
|
| Total deferred inflows of resources |
$89,599,673 |
$16,054,000 |
458.1 |
| NET POSITION |
|
|
|
| Invested in capital assets |
$1,151,792,864 |
$1,076,735,303 |
7.0 |
| Restricted |
|
|
|
| Nonexpendable |
$458,967,808 |
$431,499,195 |
6.4 |
| Expendable |
$432,404,952 |
$386,414,207 |
11.9 |
| Unrestricted |
$57,940,196 |
$240,452,567 |
(75.9) |
| Total net position |
$2,101,105,820 |
$2,135,101,272 |
(1.6) |
| Total liabilities, deferred inflows of resources and net position |
$4,575,435,724 |
$4,431,014,404 |
3.3 |
