OPERATING REVENUES |
|
|
|
Tuition and fees |
$719,840,321 |
$692,223,046 |
4.0 |
Less: scholarship allowances |
($237,079,280) |
($215,490,955) |
10.0 |
Tuition and fees, net |
$482,761,041 |
$476,732,091 |
1.3 |
Federal grants and contracts |
$40,416,650 |
$41,906,976 |
(3.6) |
State grants and contracts |
$31,261,415 |
$31,590,157 |
(1.0) |
Local grants and contracts |
$1,016,793 |
$759,374 |
33.9 |
Private grants and contracts |
$3,836,612 |
$5,174,452 |
(25.9) |
Sales and services of educational activities |
$12,776,616 |
$12,619,542 |
1.2 |
Auxiliary sales and services |
$202,333,172 |
$193,964,754 |
4.3 |
Other operating revenues |
$59,247,356 |
$55,784,465 |
6.2 |
Total operating revenues |
$833,649,655 |
$818,531,811 |
1.8 |
OPERATING EXPENSES |
|
|
|
Salaries, wages, and benefits |
$666,320,083 |
$612,470,213 |
8.8 |
Supplies and other services |
$253,651,612 |
$248,660,589 |
2.0 |
Depreciation |
$72,374,750 |
$67,410,991 |
7.4 |
Scholarships and fellowships |
$24,573,373 |
$20,371,163 |
20.6 |
Total operating expenses |
1,016,919,818 |
$948,912,956 |
7.2 |
Operating loss |
($183,270,163) |
($130,381,145) |
40.6 |
NONOPERATING REVENUES (EXPENSES) |
|
|
|
State educational appropriations |
$154,836,324 |
$148,441,872 |
4.3 |
Gifts |
$56,126,778 |
$52,203,061 |
7.5 |
Grants |
$31,599,501 |
$31,062,427 |
1.7 |
Investment (loss) income, net |
$159,687,169 |
$54,741,992 |
191.7 |
Interest expense |
($37,735,938) |
($38,625,161) |
(2.3) |
Other nonoperating expenses, net |
($1,636,955) |
($9,075,890) |
(82.0) |
Net nonoperating revenues |
$362,876,879 |
$238,748,301 |
52.0 |
Income before changes in net position |
$179,606,716 |
$108,367,156 |
65.7 |
OTHER CHANGES IN NET POSITION |
|
|
|
State capital appropriations |
|
$1,365 |
(100.0) |
Capital gifts and grants |
$18,696,113 |
$18,564,096 |
0.7 |
Additions to permanent endowments |
$23,675,029 |
$18,894,440 |
25.3 |
Intragovernmental transfers |
$2,341,871 |
($4,422,251) |
(153.0) |
Increase in net position |
$224,319,729 |
$141,404,806 |
58.6 |
Net position, beginning of year |
1,910,781,543 |
1,769,376,737 |
8.0 |
NET POSITION, END OF YEAR |
2,135,101,272 |
1,910,781,543 |
11.7 |