| |
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| for the year ended June 30, 1997 with summarized financial information for the year ended June 30, 1996 | |||||||||||
| ($ in thousands) | |||||||||||
| Temporarily | Permanently | ||||||||||
| Unrestricted | Restricted | Restricted | 1997 | 1996 | |||||||
| Operating | |||||||||||
| Revenues and reclassifications: | |||||||||||
| Tuition and fees, net | $ 136,168 | $ - | $ - | $ 136,168 | $ 125,326 | ||||||
| Grant and contract income, primarily for research and training | 283,005 | - | - | 283,005 | 269,241 | ||||||
| Medical services income | 164,260 | - | - | 164,260 | 183,573 | ||||||
| Contributions | 16,264 | 44,785 | - | 61,049 | 47,937 | ||||||
| Allocation of endowment spending from financial capital | 64,724 | 123,324 | - | 188,048 | 165,456 | ||||||
| Other investment income | 14,666 | - | - | 14,666 | 17,559 | ||||||
| Auxiliary services income | 77,060 | - | - | 77,060 | 74,172 | ||||||
| Other income | 68,185 | - | - | 68,185 | 59,450 | ||||||
| Total revenues and gains | 824,332 | 168,109 | - | 992,441 | 942,714 | ||||||
| Net assets released from restrictions | 154,981 | (154,981) | - | - | - | ||||||
| Total revenues and reclassifications | 979,313 | 13,128 | - | 992,441 | 942,714 | ||||||
| Expenses: | |||||||||||
| Instruction and departmental research | 274,398 | - | - | 274,398 | 250,450 | ||||||
| Sponsored research | 185,705 | - | - | 185,705 | 178,874 | ||||||
| Patient care and other related services | 182,591 | - | - | 182,591 | 173,128 | ||||||
| Libraries and other academic support | 105,948 | - | - | 105,948 | 104,607 | ||||||
| Student aid and services | 81,513 | - | - | 81,513 | 72,898 | ||||||
| Auxiliary enterprises | 96,368 | - | - | 96,368 | 91,867 | ||||||
| Administration and other institutional support | 68,692 | - | - | 68,692 | 67,883 | ||||||
| Total expenses | 995,215 | - | - | 995,215 | 939,707 | ||||||
| Increase (decrease) in net assets from operating activities | (15,902) | 13,128 | - | (2,774) | 3,007 | ||||||
| Capital | |||||||||||
| Physical capital: | |||||||||||
| Contributions | - | 38,848 | - | 38,848 | 35,857 | ||||||
| Allocation of endowment spending from financial capital | 2,486 | - | - | 2,486 | 2,211 | ||||||
| Other investment income | 2,671 | - | - | 2,671 | 2,544 | ||||||
| Other increases (decreases) | (304) | - | - | (304) | 1,083 | ||||||
| Net assets released from restrictions | 1,675 | (1,675) | - | - | - | ||||||
| Increase in net assets from physical capital activities | 6,528 | 37,173 | - | 43,701 | 41,695 | ||||||
| Financial capital: | |||||||||||
| Contributions | 441 | 5,107 | 41,415 | 46,963 | 52,306 | ||||||
| Investment income | 48,515 | 88,558 | 125 | 137,198 | 131,274 | ||||||
| Gains on investments | 327,144 | 599,829 | 8,989 | 935,962 | 897,458 | ||||||
| Investment management fees and other decreases | (10,214) | (19,862) | (3,179) | (33,255) | (38,104) | ||||||
| Allocation of endowment spending to operating and physical capital | (67,210) | (123,324) | - | (190,534) | (167,667) | ||||||
| Net assets released from restrictions | 227,643 | (227,643) | - | - | - | ||||||
| Increase in net assets from financial capital activities | 526,319 | 322,665 | 47,350 | 896,334 | 875,267 | ||||||
| Total increase in net assets | 516,945 | 372,966 | 47,350 | 937,261 | 919,969 | ||||||
| Net assets, beginning of year | 3,214,151 | 1,460,897 | 893,284 | 5,568,332 | 4,648,363 | ||||||
| Net assets, end of year | $3,731,096 | $1,833,863 | $940,634 | $6,505,593 | $5,568,332 | ||||||
| The accompanying notes are an integral part of the financial statements. | |||||||||||