| ASSETS |
|
|
|
| CURRENT ASSETS |
|
|
|
| Unrestricted cash and cash equivalents |
$108,110,486 |
$71,893,409 |
50.4 |
| Restricted cash and cash equivalents |
$2,543,438 |
$3,490,839 |
(27.1) |
| Unrestricted Short-term investments |
$269,418,660 |
$233,152,847 |
15.6 |
| Restricted short-term investments |
$13,740,912 |
$27,524,094 |
(50.1) |
| Accounts receivable, net |
$91,811,771 |
$96,091,544 |
(4.5) |
| Current portion of notes receivable |
$5,040,811 |
$4,462,276 |
13.0 |
| Current portion of student loans receivable |
$2,000,480 |
$2,020,335 |
(1.0) |
| Current portion of pledges receivable |
$11,670,109 |
$8,685,620 |
34.4 |
| Inventories |
$7,084,249 |
$6,011,790 |
17.8 |
| Prepaid expenses and unearned scholarships |
$102,708,473 |
$98,987,483 |
3.8 |
| Other current assets |
$2,126,151 |
$1,567,540 |
35.6 |
| Total current assets |
$616,255,540 |
$553,887,777 |
11.3 |
| NON-CURRENT ASSETS |
|
|
|
| Restricted cash and cash equivalents |
$4,746,827 |
$3,399,556 |
39.6 |
| Endowment, and life income investments |
$832,842,409 |
$845,934,399 |
(1.5) |
| Investments for capital activities |
$650,087,836 |
$339,549,277 |
91.5 |
| Other long-term investments |
$216,514,251 |
$315,413,514 |
(31.4) |
| Notes receivable, net |
$216,523,061 |
$202,724,118 |
6.8 |
| Student loans receivable, net |
$8,824,627 |
$9,962,671 |
(11.4) |
| Pledges receivable, net |
$28,587,176 |
$18,968,308 |
50.7 |
| Capital assets, net |
$2,172,997,368 |
$2,100,055,575 |
3.5 |
| Other noncurrent assets |
$9,516,363 |
$9,992,398 |
(4.8) |
| Total noncurrent assets |
$4,140,639,918 |
$3,845,999,816 |
7.7 |
| Total assets |
$4,756,895,458 |
$4,399,887,593 |
8.1 |
| DEFERRED OUTFLOWS OF RESOURCES |
|
|
|
| Bond deferred refunding |
$18,582,271 |
$13,141,640 |
41.4 |
| Pension and OPEB obligations |
$180,721,290 |
$162,406,491 |
11.3 |
| Total deferred outflows of resources |
$199,303,561 |
$175,548,131 |
13.5 |
| Total assets and deferred outflows of resources |
$4,956,199,019 |
$4,575,435,724 |
8.3 |
| LIABILITIES AND NET POSITION |
|
|
|
| CURRENT LIABILITIES |
|
|
|
| Accounts payable and accrued liabilities |
$139,091,428 |
$143,398,543 |
(3.0) |
| Current portion of unearned revenue |
$353,128,982 |
$306,806,133 |
15.1 |
| Deposits |
$35,251,861 |
$51,389,406 |
(31.4) |
| Current portion of long-term debt |
$42,487,450 |
$32,681,257 |
30.0 |
| Total current liabilities |
$569,959,721 |
$534,275,339 |
6.7 |
| NONCURRENT LIABILITIES |
|
|
|
| Federal refundable loans |
$8,393,239 |
$9,894,351 |
(15.2) |
| Other liabilities |
$4,509,004 |
$5,068,723 |
(11.0) |
| Unearned revenue |
$8,058,359 |
$6,884,253 |
17.1 |
| Long-term debt, net |
$1,251,641,581 |
$1,005,691,287 |
24.5 |
| Pension liability |
$594,410,000 |
$565,233,000 |
5.2 |
| OPEB liability |
$267,378,182 |
$257,683,278 |
3.8 |
| Total noncurrent liabilities |
$2,134,390,365 |
$1,850,454,892 |
15.3 |
| Total liabilities |
$2,704,350,086 |
$2,384,730,231 |
13.4 |
| DEFFERED INFLOWS OF RESOURCES |
|
|
|
| Pension and OPEB obligations |
$92,807,931 |
$86,757,158 |
7.0 |
| Split interest - remainder interest |
$2,403,739 |
$2,842,515 |
(15.4) |
| Total deferred inflows of resources |
$95,211,670 |
$89,599,673 |
6.3 |
| NET POSITION |
|
|
|
| Invested in capital assets |
$1,210,048,918 |
$1,151,792,864 |
5.1 |
| Restricted |
|
|
|
| Nonexpendable |
$480,733,622 |
$458,967,808 |
4.7 |
| Expendable |
$417,325,242 |
$432,404,952 |
(3.5) |
| Unrestricted |
$48,529,481 |
$57,940,196 |
(16.2) |
| Total net position |
$2,156,637,263 |
$2,101,105,820 |
2.6 |
| Total liabilities, deferred inflows of resources and net position |
$4,956,199,019 |
$4,575,435,724 |
8.3 |
