| OPERATING REVENUES |
|
|
|
| Tuition and fees |
$692,223,046 |
$633,391,063 |
9.3 |
| Less: scholarship allowances |
($215,490,955) |
($180,673,861) |
19.3 |
| Tuition and fees, net |
$476,732,091 |
$452,717,202 |
5.3 |
| Federal grants and contracts |
$41,906,976 |
$43,578,770 |
(3.8) |
| State grants and contracts |
$31,590,157 |
$27,275,883 |
15.8 |
| Local grants and contracts |
$759,374 |
$2,179,603 |
(65.2) |
| Private grants and contracts |
$5,174,452 |
$5,101,388 |
1.4 |
| Sales and services of educational activities |
$12,619,542 |
$11,232,780 |
12.3 |
| Auxiliary sales and services |
$193,964,754 |
$172,792,048 |
12.3 |
| Other operating revenues |
$55,784,465 |
$55,755,300 |
0.1 |
| Total operating revenues |
$818,531,811 |
$770,632,974 |
6.2 |
| OPERATING EXPENSES |
|
|
|
| Salaries, wages, and benefits |
$612,470,213 |
$575,450,330 |
6.4 |
| Scholarships and fellowships |
$20,371,163 |
$23,505,262 |
(13.3) |
| Supplies and other services |
$248,660,589 |
$227,772,694 |
9.2 |
| Depreciation |
$67,410,991 |
$61,249,168 |
10.1 |
| Total operating expenses |
$948,912,956 |
$887,977,454 |
6.9 |
| Operating loss |
($130,381,145) |
($117,344,480) |
11.1 |
| NONOPERATING REVENUES (EXPENSES) |
|
|
|
| State educational appropriations |
$148,441,872 |
$146,222,914 |
1.5 |
| Gifts |
$52,203,061 |
$53,728,959 |
(2.8) |
| Grants |
$31,062,427 |
$31,714,496 |
(2.1) |
| Investment (loss) income, net |
$54,741,992 |
($41,755,145) |
(231.1) |
| Interest expense |
($38,625,161) |
($39,690,885) |
(2.7) |
| Other nonoperating expenses |
($9,075,890) |
($2,698,702) |
236.3 |
| Net nonoperating revenues |
$238,748,301 |
$147,521,637 |
61.8 |
| Income before changes in net position |
$108,367,156 |
$30,177,157 |
259.1 |
| OTHER CHANGES IN NET POSITION |
|
|
|
| State capital appropriations |
$1,365 |
$81,796 |
(98.3) |
| Capital gifts and grants |
$18,564,096 |
$3,137,703 |
491.6 |
| Additions to permanent endowments |
$18,894,440 |
$19,373,585 |
(2.5) |
| Intragovernmental transfers |
($4,422,251) |
$22,678,423 |
(119.5) |
| Increase in net position |
$141,404,806 |
$75,448,664 |
87.4 |
| Net position, beginning of year, as previously reported |
1,769,376,737 |
2,149,740,073 |
(17.7) |
| Adoption of GASB 68 adjustment |
|
($455,812,000) |
(100.0) |
| Net position, beginning of year, as restated, as of October 1, 2014 |
1,769,376,737 |
1,693,928,073 |
4.5 |
| NET POSITION, END OF YEAR |
1,910,781,543 |
1,769,376,737 |
8.0 |
