Some IRMA reports are currently having issues.

View Status

Back    Next
Table 6-3
Consolidated Statements of Activities
(In thousands $)
Years ended June 30, 2016 and 2015

 
  2016 2015
Unrestricted Temporary
restricted
Permanent
restricted
Total Unrestricted Temporary
restricted
Permanent
restricted
Total

Operating activities:
       Revenue:
 
  Tuition and fees (net of $ 196,002and $185,192 in student aid in 2016 and 2015, respectively) $ 475,796 —    —    $ 475,796 $ 465,653 —    —    $ 465,653
Government grants 9,168 —    —    9,168 10,260 —    —    10,260
Private gifts and grants  13,886         2,489 —    16,375 18,985 1,163 —    20,148
Investment income  208 —    —    208 151 —    —    151
Endowment investment return used in operations 10,741 —    —    10,741 9,809 —    —    9,809
Auxiliary revenue 52,282 —    —    52,282 48,888 —    —    48,888
Other 5,213 —    —    5,213 7,541 —    —    7,541
Net assets released from restriction          3,763 (3,763) —    —    3,175 (3,175) —    —   
    Total revenue 571,057 (1,274) —    569,783 564,462 (2,012) —    562,450

       Expenses: 
 
Salaries and benefits 338,379 —    —    338,379 329,776 —    —    329,776
General expenses  79,805     79,805 75,170 —    —    75,170
Occupancy 43,162 —    —    43,162 43,374 —    —    43,374
Depreciation 39,018 —    —    39,018 40,182 —    —    40,182
Printing, postage, and supplies 11,341 —    —    11,341 11,981 —    —    11,981
Interest 13,348 —    —    13,348 14,673 —    —    14,673
Library materials 5,540 —    —    5,540 5,526 —    —    5,526
Total expenses 530,593 —    —    530,593 520,682 —    —    520,682
Excess (deficiency) of operating revenue over expenses 40,464 (1,274) —    39,190 43,780 (2,012) —    41,768

       Nonoperating activities:
Net realized gain/investment income reinvested (17,168) —    49 (17,119) 11,231 —    67 11,298
Change in accumulated net unrealized gain on investment (3,750) (3,022) —    (6,772) (31,826) (3,349) —    (35,175)
Gain (loss) on disposal or sale of long-lived assets (312) —    —    (312) 8,016 —    —    8,016
Private gifts and grants —    —    124 124 —    —    204 204
Capital gifts 391 2,274 —    2,665 424 205 —    629
Capital gifts released from restriction 667 (667) —    —    265 (265) —    —   
Change in value of charitable term trust —    —    1,597 1,597 —    —    994 994
Gain/Loss on bond defeasance —    —    —    —    237 —    —    237
Government capital grants —    —    —    —    11,461 —    —    11,461
Change in postretirement benefit obligation other than net periodic benefit cost 10,147 —    —    10,147 (813) —    —    (813)
Increase (decrease) in net assets from nonoperating activities (10,025) (1,415) 1,770 (9,670) (1,005) (3,409) 1,265 (3,149)
Increase (decrease) in net assets 30,439 (2,689) 1,770 29,520 42,775 (5,421) 1,265 38,619
       Net assets at beginning of year $ 809,867 $ 36,035 $ 57,695 $ 903,597 $ 767,092 $ 41,456 $ 56,430 $ 864,978
       Net assets at end of year $ 840,306 $ 33,346 $ 59,465 $ 933,117 $ 809,867 $ 36,035 $ 57,695 $ 903,597

Source:  University Financial Statements.

IRMA 2016
Back to top