| OPERATING REVENUES |
|
|
|
| Tuition and fees |
$633,391,063 |
$572,020,518 |
10.7 |
| Less: scholarship allowances |
($180,673,861) |
($152,538,453) |
18.4 |
| Tuition and fees, net |
$452,717,202 |
$419,482,065 |
7.9 |
| Federal grants and contracts |
$43,578,770 |
$39,215,448 |
11.1 |
| State grants and contracts |
$27,275,883 |
$26,112,621 |
4.5 |
| Local grants and contracts |
$2,179,603 |
$957,654 |
127.6 |
| Private grants and contracts |
$5,101,388 |
$6,664,248 |
(23.5) |
| Sales and services of educational activities |
$11,232,780 |
$11,299,340 |
(0.6) |
| Auxiliary sales and services |
$172,792,048 |
$148,640,394 |
16.2 |
| Other operating revenues |
$55,755,300 |
$61,166,131 |
(8.8) |
| Total operating revenues |
$770,632,974 |
$713,537,901 |
8.0 |
| OPERATING EXPENSES |
|
|
|
| Salaries, wages, and benefits |
$575,450,330 |
$543,326,645 |
5.9 |
| Scholarships and fellowships |
$23,505,262 |
$21,221,373 |
10.8 |
| Supplies and other services |
$227,772,694 |
$215,442,218 |
5.7 |
| Depreciation |
$61,249,168 |
$54,805,154 |
11.8 |
| Total operating expenses |
$887,977,454 |
$834,795,390 |
6.4 |
| Operating loss |
($117,344,480) |
($121,257,489) |
(3.2) |
| NONOPERATING REVENUES (EXPENSES) |
|
|
|
| State educational appropriations |
$146,222,914 |
$144,234,844 |
1.4 |
| Gifts |
$53,728,959 |
$56,587,991 |
(5.1) |
| Grants |
$31,714,496 |
$31,769,026 |
(0.2) |
| Investment (loss) income, net |
($38,738,483) |
$57,911,278 |
(166.9) |
| Interest expense |
($39,690,885) |
($35,996,803) |
10.3 |
| Other nonoperating expenses |
($2,698,702) |
($837,766) |
222.1 |
| Net nonoperating revenues |
$150,538,299 |
$253,668,570 |
(40.7) |
| Income before changes in net position |
$33,193,819 |
$132,411,081 |
(74.9) |
| OTHER CHANGES IN NET POSITION |
|
|
|
| State capital appropriations |
$81,796 |
$203,976 |
(59.9) |
| Capital gifts and grants |
$3,137,703 |
$5,305,187 |
(40.9) |
| Additions to permanent endowments |
$19,373,585 |
$14,385,976 |
34.7 |
| Intragovernmental transfers |
$22,678,423 |
$903,955 |
2,408.8 |
| Increase in net position |
$78,465,326 |
$153,210,175 |
(48.8) |
| Net position, beginning of year, as previously reported |
2,132,141,353 |
1,978,931,178 |
7.7 |
| Adoption of GASB 68 adjustment |
($455,812,000) |
|
|
| Net position, beginning of year, as restated, as of October 1, 2014 |
1,676,329,353 |
1,978,931,178 |
(15.3) |
| NET POSITION, END OF YEAR |
1,754,794,679 |
2,132,141,353 |
(17.7) |
