PERMANENTLY |
||
RESTRICTED |
2017 |
2016 |
OPERATING REVENUES AND SUPPORT Student tuition and fees |
$ 63,484,419 |
$ |
— |
$ |
— |
$ 63,484,419 |
$ 60,523,072 |
College scholarships |
( 22,100,106 ) |
— |
— |
( 22,100,106 ) |
( 20,727,859 ) |
||
Federal financial assistance |
( 335,220 ) |
— |
— |
( 335,220 ) |
( 301,015 ) |
||
Net tuition and fees |
41,049,093 |
— |
— |
41,049,093 |
39,494,198 |
||
Government appropriations |
500,368 |
— |
— |
500,368 |
519,848 |
||
Operating gifts and private grants |
1,445,739 |
838,253 |
— |
2,283,992 |
2,988,504 |
||
Investment return used for operations |
3,508,012 |
— |
— |
3,508,012 |
3,464,781 |
||
Other |
2,224,742 |
— |
— |
2,224,742 |
2,131,937 |
||
Net assets released from restrictions |
1,557,890 |
( 1,557,890 ) |
— |
— |
— |
||
Total operating revenues and support |
50,285,844 |
( 719,637 ) |
— |
49,566,207 |
48,599,268 |
OPERATING EXPENSES Instruction |
19,881,276 |
— |
— |
19,881,276 |
19,258,902 |
Academic support |
5,109,845 |
— |
— |
5,109,845 |
4,860,100 |
Student services |
12,449,495 |
— |
— |
12,449,495 |
11,643,339 |
Institutional support |
13,737,684 |
— |
— |
13,737,684 |
12,984,876 |
Total operating expenses |
51,178,300 |
— |
— |
51,178,300 |
48,738,217 |
Changes in net assets from operating activities |
( 892,456 ) |
( 719,637 ) |
— |
( 1,612,093 ) |
( 138,949 ) |
NONOPERATING ACTIVITIES Gifts and private grants |
1,764,007 |
48,860 |
899,036 |
2,711,903 |
180,855 |
Campaign campaign expenses |
( 761,905 ) |
— |
— |
( 761,905 ) |
( 686,034 ) |
Capital project expenses |
( 280,748 ) |
— |
— |
( 280,748 ) |
( 463,371 ) |
Investment return net of amounts in support of operations |
2,316,396 |
2,224,373 |
— |
4,540,769 |
( 3,624,763 ) |
Early retirement program |
( 620,243 ) |
— |
— |
( 620,243 ) |
( 609,406 ) |
Changes in net assets from nonoperating activities |
2,417,507 |
2,273,233 |
899,036 |
5,589,776 |
( 5,202,719 ) |
Changes in net assets |
1,525,051 |
1,553,596 |
899,036 |
3,977,683 |
( 5,341,668 ) |
Net assets , beginning of year |
70,459,357 |
11,610,002 |
12,413,173 |
94,482,532 |
99,824,200 |
Net assets , end of year |
$ 71,984,408 |
$ 13,163,598 |
$ 13,312,209 |
$ 98,460,215 |
$ 94,482,532 |