President's Report 2007 - Benedict College

Statement of Activities 2003-2006
FINANCIAL STATEMENTS: Years Ended June 30, 2003 - 2006
SUPPORT AND OPERATING REVENUE:
Tuition and fees, net of discount
Government grants and contracts
Private gifts, grants and contracts
Auxiliary enterprises
Investment return within spending rate
Interest on student loans
Other
Net assets released from restrictions
2003
$ 27,416,469
9,651,799
3,631,381
10,147,635
865,644
1,267,568
1,411,449
-
2004
$ 28,715,739
8,446,823
2,564,533
9,917,006
769,514
625,152
1,484,709
-
2005
$ 28,401,682
8,289,198
2,134,373
10,461,421
977,263
1,795,501
1,179,992
-
2006
$ 23,908,309
7,896,168
2,552,439
10,459,998
1,027,010
1,086,783
1,110,956
-
Total support and operating revenue
54,391,945
52,523,476
53,239,430
48,041,663
EXPENSES:
Educational services:
Instruction
Student services
Auxiliary enterprises
Research
Public service
9,712,879
11,067,664
9,792,751
1,095,477
1,566,879
9,226,354
12,942,815
10,684,576
1,104,164
1,637,064
9,591,378
12,151,956
11,435,274
584,498
2,121,673
8,643,180
9,900,820
9,467,531
960,888
979,305
Support services:
Institutional support
Academic support
13,848,839
5,754,492
13,617,804
6,311,574
16,293,472
5,638,104
16,552,549
6,251,694
Total expenses
52,838,981
55,524,351
57,816,355
52,755,967
Expenses under (over) support and
operating revenue
1,552,964
(3,000,875)
(4,576,925)
(4,714,304)
Excess of investment return over spending rate
351,996
447,625
710,053
(124,969)
INCREASE (DECREASE) IN NET ASSETS
1,904,960
(2,553,250)
(3,866,872)
(4,839,273)
NET ASSETS AT BEGINNING OF YEAR
37,615,280
39,520,240
36,626,307
32,759,435
NET ASSETS AT END OF YEAR
$ 39,520,240
$ 36,966,990
$ 32,759,435
$ 27,920,162
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