University Report 2015-16

Financial Report

Statement of Activities for the Year
Ended May 31 (in thousands)

Statement of Financial Position
as of May 31 (in thousands)

Revenue and Expenses 2016 2015
Operating Revenues
Tuition and Fees $256,597 $250,757
Less Financial Aid -89,872 -84,510
Net Tuition and Fees 166,725 166,247
Auxiliary Enterprises 33,970 35,401
Gifts and Grants 8,697 5,756
Endowment 11,373 7,746
Other 8,625 8,445
Total Revenues $229,390 $223,595
Operating Expenses
Instruction $78,938 $78,359
Public Service 992 425
Academic Support 17,088 16,680
Student Services 34,184 33,902
Institutional Support 43,892 45,845
Research 2,670 2,890
Auxiliary Enterprises 34,102 35,292
Total Operating Expenses $211,866 $213,393
Total Change in Net Assets from Operating Activities $17,524 $10,202
Total Change in Net Assets from Non-Operating Activities -4,890 6,502
Total Change in Net Assets $12,634 $16,704
Net Assets Beginning of Year $280,994 $264,290
Net Assets End of Year $293,628 $280,994
  2016 2015
Assets
Cash and Short-Term Investments $81,853 $56,831
Accounts Receivable, Net 24,036 $31,790
Long-Term Investments 203,598 217,611
Property, Plant and Equipment 357,020 360,942
Other Assests 9,337 10,033
Total Assets $675,844 $677,207
Liabilities
Accounts Payable and Acrued Expenses $31,805 $31,963
Deferred Revenue 18,701 $19,493
Long-Term Debt 214,950 218,960
Other Liabilities 4,227 5,548
Total Liabilities $269,683 $275,964
Net Assets $406,161 $401,243
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