You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
FINANCIAL STATEMENT<br />
The financial information below summarizes the changes in net assets as <strong>of</strong> and for<br />
the year ended June 30, 2004 with comparative amounts for fiscal 2003.<br />
SUMMARY STATEMENT OF CHANGES IN NET ASSETS<br />
(in thousands)<br />
Unrestricted Revenues, Gains and Other Support:<br />
2004 2003<br />
Tuition and Fees, net <strong>of</strong> scholarships $41,334 $39,665<br />
Contributions 2,939 2,619<br />
Grants and Contracts 2,096 2,310<br />
Investment Return 2,961 297<br />
Sales and Services <strong>of</strong> Auxiliary Enterprises 3,633 3,606<br />
Total Unrestricted Revenues and Gains $52,963 $48,497<br />
Net Assets Released from Restriction 1,176 796<br />
Total Unrestricted Revenues, Gains<br />
and Other Support $54,139 $49,293<br />
ANALYSIS OF NET ASSETS 2000-2004<br />
(in thousands)<br />
Expenses:<br />
20<br />
2004 ANNUAL R EPORT / THE C OLLEGE OF N EW ROCHELLE<br />
2004 2003<br />
Instruction $15,690 $14,937<br />
Academic Support 15,013 14,130<br />
Student Services 4,285 4,166<br />
Institutional Support 13,575 11,213<br />
Auxiliary Enterprises 4,689 3,982<br />
Total Expenses $53,252 $48,428<br />
Increase (Decrease) in Unrestricted<br />
Net Assets 887 864<br />
Increase (Decrease) in Temporarily<br />
Restricted Net Assets 139 26<br />
Increase in Permanently<br />
Restricted Net Assets 978 152<br />
Total Increase (Decrease) in Net Assets $2,004 $1,042<br />
2004 2003 2002 2001 2000<br />
Unrestricted:<br />
Operations $15,148 $15,124 $14,378 $12,267 $11,586<br />
Capital 11,247 10,383 10,264 12,687 13,936<br />
Total Unrestricted $26,395 $25,507 $24,642 $24,954 $25,522<br />
Temporarily Restricted 1,002 863 837 2,022 975<br />
Permanently Restricted 3,488 2,511 2,359 2,095 1,855<br />
Total Net Assets $30,885 $28,881 $27,838 $29,071 $28,352