Statement of Changes in Net Assets - Annual Report 2001
STATEMENT OF CHANGES IN NET ASSETS
Fiscal Year ended August 31, 2001
|
STATEMENT OF CHANGES IN NET ASSETS | |||||
|
|
UNRESTRICTED |
TEMPORARILY |
PERMANENTLY |
TOTAL | |
|
Student tuition and fees, net of student aid |
52,090,000 |
52,090,000 | |||
|
Government appropriations |
864,000 |
864,000 | |||
|
Grants and contracts |
22,510,000 |
22,510,000 | |||
|
Contributions |
1,071,000 |
1,071,000 | |||
|
Investment return used in operations |
9,476,000 |
9,476,000 | |||
|
Sales and services of auxiliary enterprises |
13,862,000 |
13,862,000 | |||
|
Other sources |
2,281,000 |
2,281,000 | |||
|
Net assets released from restrictions |
211,000 |
211,000 | |||
|
TOTAL TOTAL OPERATING |
|
102,365,000 |
-- |
-- |
102,365,000 |
|
|
UNRESTRICTED |
TEMPORARILY |
PERMANENTLY |
TOTAL | |
|
Program services: |
|||||
|
Instruction |
34,996,000 |
34,996,000 | |||
|
Research, training and public service |
21,708,000 |
21,708,000 | |||
|
Academic support |
8,483,000 |
8,483,000 | |||
|
Student services |
5,364,000 |
5,364,000 | |||
|
Auxiliary enterprises |
15,809,000 |
15,809,000 | |||
|
TOTAL PROGRAM SERVICES EXPENSES |
|
86,360,000 |
|
|
86,360,000 |
|
Supporting services - institutional support |
11,658,000 |
-- |
-- |
11,658,000 | |
|
TOTAL OPERATING EXPENSES |
|
98,018,000 |
-- |
-- |
98,018,000 |
|
INCREASE IN NET ASSETS FROM OPERATIONS |
|
4,347,000 |
-- |
-- |
4,347,000 |
|
NON-OPERATING ACTIVITIES |
UNRESTRICTED |
TEMPORARILY |
PERMANENTLY |
TOTAL | |
|
Capital campaign contributions |
2,319,000 |
2,972,000 |
6,366,000 |
11,657,000 | |
|
Supporting services - capital campaign expenses |
(1,363,000) |
-- |
-- |
(1,363,000) | |
|
Investment return in excess of amount used in operations |
(32,298,000) |
-- |
-- |
(32,298,000) | |
|
Investment return on funds held by bond trustees and escrow agent |
107,000 |
-- |
-- |
107,000 | |
|
Change in value of split-interest agreements |
-- |
(88,000) |
(28,000) |
(116,000) | |
|
Redesignation of net assets |
-- |
749,000 |
(749,000) |
-- | |
|
Net assets released from restrictions |
|
2,258,000 |
(2,469,000) |
-- |
(211,000) |
|
INCREASE IN NET ASSETS |
|
(24,630,000) |
1,164,000 |
5,589,000 |
(17,877,000) |
|
NET ASSETS AT BEGINNING OF YEAR |
|
161,275,000 |
14,119,000 |
36,888,000 |
212,282,000 |
|
NET ASSETS AT END OF YEAR |
|
136,645,000 |
15,283,000 |
42,477,000 |
194,405,000 |
Published Tuesday, Aug. 27, 2002