Financial Report

Condensed Statements of Financial Condition 

2004 

2003 

Assets
Cash and cash equivalents
Investments and trust investments
Accounts and other receivables
Contributions receivable
Inventories and other assets
Property and equipment, net of depreciation
Total assets

Liabilities
Accounts payable and other liabilities
Accrued post-retirement benefits
Bonds and notes payable
Total liabilities

Net Assets
Unrestricted
Temporarily restricted
Permanently restricted
Total net assets

Total liabilities and net assets 

$





$


$










$ 

3,007
493,851
8,035
23,234
4,832
203,596
736,555


33,632
30,232
50,726
114,590


285,835
191,017
145,113
621,965

736,555 

$





$


$










$ 

246
444,600
8,063
24,015
4,330
193,567
674,821


32,574
26,965
51,872
111,411


255,893
179,314
128,203
563,410

674,821 

Condensed Statements of Activities 

Revenues
Tuition and fees (net of institutional scholarship)
Sales and services
Gifts and grants
Investment and other income
Total revenues

Operating Expenses
Instruction and academic support
Student services
Institutional support
Auxiliary enterprises
Total operating expenses

Increase in Net Assets
Unrestricted from operations
Unrestriucted from other activities
Temporarily restricted
Permanently restricted
Total increase in net assets 

$

















$ 

69,679
27,788
28,295
60,348
186,110


63,622
22,579
16,963
24,391
127,555


3,413
26,529
11,703
16,910
58,555 

$

















$ 

67,494
25,727
16,188
9,436
118,845


61,729
21,439
16,229
23,567
122,964


2,652
(229)
(10,488)
3,946
4,119 

Total endowment funds 

$ 

429,401 

$ 

355,905