COMING TO SOUTHERN: - Southern Adventist University

9,642,3320,624,960.0045.0075.0055.003,349,527.00FINANCIAL REPORTFOR YEAR ENDED MAY 31, 2008, UNAUDITED$12.1M$0.7M$0.7M$7.2M $28.8M$8.0M$15.9M$3.3M$0.4M$0.6M$1.2M$10.6MENROLLMENT GROWTH3,0002,500 2,2902,3772,0001,500n Undergraduate2,5932,5222,391n Graduate2,6401,000$0.5M$3.3M500$1.1M$8.9M$11.4M$5.6M$7.1M$5.0M$7.7M3,0002,500GradUndergradStudents2002-2003 2003-2004 2004-2005GIVING: FIVE-YEAR COMPARISON2005-20062006-20072007-2008REVENUE (in millions) expenses (in millions) financial aid resources (in millions)2,000$ 12 millionn Church Subsidy n Federal & State Grants n Giftsn Net Tuition and Fees $ 28.8n Gifts and Grants $ 8.9n Sales $ 1.1n Auxiliaries $ 12.1n Instructional $ 15.9n Public Service $ 0.5n Academic Support $ 3.3n Student Services $ 5.01,500n Federal Scholarships and Loans $ 10.6n Southern Scholarships $ 7.71,000n Endowed Scholarships $ 0.6500n Temporary Restricted Scholarships $ 0.410 million8 million6 million$7,130,541$7,509,903$8,522,849$10,418,062$8,902,781n Industries $ 7.2n Endowments $ 0.6n Institutional Support $ 7.1n Maintenance and Depreciation $ 6.6n Alternative, Canadian, and Misc.StudentsLoans $ 3.32002-2003n State and Miscellaneous Grants $ 1.22003-20042004-20052005-20062006-20072007-20084 millionn Other $ 0.7n Auxiliaries $ 11.42 millionn Industries $ 8.02003-20042004-20052005-20062005-20062007-2008Students walk to classes along1 0 l PRESIDENT’S ANNUAL REPORT 2007-2008Southern’s beautiful Promenade.FINANCIAL REPORT l 11