Finance and Administration - Board of Trustees - The University of ...

REVENUESFinance and Administration Committee - V. Annual Report of the Treasurer, 2011 - InformationStatement of Revenues, Expenses, andChanges in Net Assets FOR THE YEAR ENDED JUNE 30, 2011THE UNIVERSITYOF TENNESSEEUNIVERSITY OFCHATTANOOGAFOUNDATION INC.UNIVERSITY OFTENNESSEEFOUNDATION INC.THE UNIVERSITY OFTENNESSEE RESEARCHFOUNDATION INC.3Operating revenues:Student tuition and fees (net of $143,740,592.27 ofscholarship allowances)ContributionsInvestment return designated for operationsFederal appropriationsGovernmental grants and contractsNon-governmental grants and contractsSales and services of educational departmentsAuxiliary enterprises:Residential life (net of scholarship allowances of $1,685,828.40;all revenues are used as security for varying revenue bonds;see Note 8)Food servicesBookstoreParkingAthleticsOther auxiliariesInterest earned on loans to studentsOther operating revenuesTotal operating revenues$ 316,045,145.6113,817,123.16258,601,583.71190,301,441.7151,904,262.1751,554,789.484,880,433.3718,364,890.5510,236,047.4293,455,719.615,621,303.4644,057.2819,435,489.89$1,034,262,287.42$ 147,837.005,767,282.0010,227,569.00$ 16,142,688.00$ 2,240,720.22153,987.04$ 2,394,707.26$ 1,724,081.003,428,673.00$ 5,152,754.00EXPENSESOperating expenses (Note 19):Salaries and wagesFringe benefitsUtilities, supplies, and other servicesScholarships and fellowshipsDepreciation expensePayments to or on behalf of the university (Notes 22 and 23)Total operating expensesOperating income (loss)$ 880,979,955.85314,939,808.31436,277,650.4451,541,662.4498,549,195.451,782,288,272.49$(748,025,985.07)$ 3,598,474.003,206,007.005,767,282.0012,571,763.00$ 3,570,925.00$ 1,029,350.2213,768,772.0914,798,122.31$(12,403,415.05)$ 2,948,881.10324,016.9032,283,649.003,000,448.0038,556,995.00$(33,404,241.00)NONOPERATING REVENUES (EXPENSES)State and local appropriationsGifts (including gifts totaling $19,536,054.09 from component units)Grants and contractsInvestment income (loss)Interest on capital asset - related debtBond issuance costsOther nonoperating revenues (expenses)Net nonoperating revenues (expenses)Income (loss) before other revenues, expenses, gains, orlossesCapital appropriationsCapital grants and giftsAdditions to permanent endowmentsAdditions to annuity and life income trustsOtherTotal other revenuesIncrease (decrease) in net assets$ 540,013,070.8732,487,318.78248,366,586.60129,974,829.36(23, 234,431.20)(1,528,116.13)(2,813,938.63)923,265,319.65175,239,334.5866,222,831.2932,220,023.0015,134,618.421,553,887.636,162,010.51121,293,370.85$ 296,532,705.43$ 10,570,783.00(4,430,265.00)(32,476.00)6,108,042.009,678,967.00221,366.00221,366.00$ 9,900,333.00$ 5,867,099.715,867,099.71(6,536,315.34)13,575,321.0113,575,321.01$ 7,039,005.67$ 33,257,203.0025,992.001,471.0033,284,666.00(119,575.00)2,010,226.00910,039.002,920,265.00$ 2,800,690.00NET ASSETSNet assets at beginning of yearNet assets at end of year2,265,403,918.85$2,561,936,624.2876,337,745.00$86,238,078.00113,059,697.42$120,098,703.0940,072,836.00$ 42,873,526.00The notes to the financial statements are an integral part of this statement. 1042