| OPERATING REVENUES |
|
|
|
| Tuition and fees |
$514,370,549 |
$454,187,595 |
13.3 |
| Less: scholarship allowances |
($127,427,695) |
($105,643,511) |
20.6 |
| Tuition and fees, net |
$386,942,854 |
$348,544,084 |
11.0 |
| Federal grants and contracts |
$42,272,418 |
$48,050,820 |
(12.0) |
| State grants and contracts |
$26,094,705 |
$23,642,389 |
10.4 |
| Local grants and contracts |
$536,475 |
$518,818 |
3.4 |
| Private grants and contracts |
$3,787,035 |
$2,405,135 |
57.5 |
| Sales and services of educational activities |
$12,986,742 |
$11,643,489 |
11.5 |
| Auxiliary sales and services |
$144,765,209 |
$140,948,823 |
2.7 |
| Other operating revenues |
$42,516,071 |
$44,505,964 |
(4.5) |
| Total operating revenues |
$659,901,509 |
$620,259,522 |
6.4 |
| OPERATING EXPENSES |
|
|
|
| Salaries, wages, and benefits |
$510,176,635 |
$485,618,389 |
5.1 |
| Scholarships and fellowships |
$20,647,980 |
$19,454,077 |
6.1 |
| Supplies and other services |
$220,120,548 |
$202,361,216 |
8.8 |
| Depreciation |
$49,723,157 |
$48,510,924 |
2.5 |
| Total operating expenses |
$800,668,320 |
$755,944,606 |
5.9 |
| Operating loss |
($140,766,811) |
($135,685,084) |
3.7 |
| NONOPERATING REVENUES (EXPENSES) |
|
|
|
| State appropriations |
$140,699,910 |
$145,951,239 |
(3.6) |
| State fiscal stabilization funds |
|
|
|
| Gifts |
$45,366,130 |
$50,354,337 |
(9.9) |
| Grants |
$30,805,700 |
$31,128,382 |
(1.0) |
| Investment (loss) income, net |
$64,135,946 |
$94,052,944 |
(31.8) |
| Interest expense |
($34,936,244) |
($34,153,468) |
2.3 |
| Other nonoperating revenues (expenses), net |
($2,079,700) |
$2,370,558 |
(187.7) |
| Net nonoperating revenues |
$243,991,742 |
$289,703,992 |
(15.8) |
| Income before changes in net assets |
$103,224,931 |
$154,018,908 |
(33.0) |
| OTHER CHANGES IN NET ASSETS |
|
|
|
| Capital appropriations |
$769,264 |
$1,040,837 |
(26.1) |
| Capital gifts and grants |
$15,911,727 |
$52,078,458 |
(69.4) |
| Additions to permanent endowments |
$16,999,033 |
$18,209,743 |
(6.6) |
| Intergovernmental transfers |
($3,674,528) |
$7,414,988 |
(149.6) |
| Increase in net assets |
$133,230,427 |
$232,762,934 |
(42.8) |
| NET ASSETS, BEGINNING OF YEAR |
1,845,700,751 |
1,612,937,817 |
14.4 |
| NET ASSETS, END OF YEAR |
1,978,931,178 |
1,845,700,751 |
7.2 |
