University Report 2016-17

Financial Report

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

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

Revenue and Expenses 2017 2016
Operating Revenues
Tuition and Fees $261,601 $256,597
Less Financial Aid -97,058 -89,872
Net Tuition and Fees 164,543 166,725
Auxiliary Enterprises 40,098 33,970
Gifts and Grants 8,080 8,697
Endowment 12,276 11,373
Other 8,694 8,625
Total Revenues $233,691 $229,390
Operating Expenses
Instruction $79,113 $78,938
Public Service 862 992
Academic Support 15,0o8 17,088
Student Services 33,806 34,184
Institutional Support 42,259 43,892
Research 2,074 2,670
Auxiliary Enterprises 35,794 34,102
Total Operating Expenses $208,916 $211,866
Total Change in Net Assets from Operating Activities $24,775 $17,524
Total Change in Net Assets from Non-Operating Activities 41,129 -4,890
Total Change in Net Assets $65,904 $12,634
Net Assets Beginning of Year $293,628 $280,994
Net Assets End of Year $359,532 $293,628
2017 2016
Assets
Cash and Short-Term Investments $89,666 $81,853
Accounts Receivable, Net 19,271 $24,036
Long-Term Investments 241,957 203,598
Property, Plant and Equipment 407,031 357,020
Other Assests 6,165 5,511
Total Assets $764,090 $672,018
Liabilities
Accounts Payable and Acrued Expenses $32,459 $31,611
Deferred Revenue 19,278 $18,701
Long-Term Debt 227,787 211,124
Other Liabilities 3,366 4,421
Total Liabilities $282,890 $265,857
Net Assets $481,200 $406,161
Financial Charts Web