Financial Report 1997
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CONSOLIDATED STATEMENT OF ACTIVITIES
For the Year Ended June 30, 1996
(in thousands)

Temporarily Permanently
Unrestricted Restricted Restricted Total
REVENUE AND SUPPORT
Student charges
Regular academic term degree programs:
Undergraduate tuition and fees $ 30,620 $ - $ - $ 30,620
Less: grants and scholarships (9,193) _______ _______ (9,193)
Net undergraduate tuition and fees 21,427 - - 21,427
Graduate tuition and fees 3,974 3,974
Continuing education, summer school and
other special programs 4,168 _______ _______ 4,168
Net tuition and fees 29,569 - - 29,569
Student housing and dining fees 6,699 6,699
Governmental grants, primarily for students 1,269 1,269
Private gifts and grants 2,718 961 640 4,319
Interest and investment income, including unrealized
gains of $996, net of investment expenses of $108 1,826 160 1,986
Net realized gains on investments 277 277
Public service activities 1,249 1,249
Sales and service of educational activities 595 595
Change in value of split interest agreements (50) 633 583
Other revenue and support 1,261 3 _______ 1,264
45,413 1,757 640 47,810
Net assets released from restrictions 961 ( 961) _______ _______
Total revenues, gains and other support 46,374 796 640 47,810
 
EXPENSES
Instruction
Regular academic term degree programs 15,767 15,767
Continuing education, summer school and
other special programs 3,066 _______ _______ 3,066
Total instruction 18,833 - - 18,833
Public service 753 753
Academic support 2,278 2,278
Student services 6,562 6,562
Institutional support 7,196 7,196
Student housing and dining expenses 6,959 _______ _______ 6,959
Total expenses 42,581 _______ _______ 42,581
Increase in net assets 3,793 796 640 5,229
Net assets at beginning of year 44,732 6,051 8,102 58,885
Net assets at end of year $ 48,525 $ 6,847 $ 8,742 $ 64,114
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See notes to consolidated financial statements

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