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COASTAL CAROLINA UNIVERSITY |
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STATEMENT OF CURRENT FUNDS REVENUES, |
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EXPENDITURES AND OTHER CHANGES IN NET ASSETS |
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FOR THE YEAR ENDED JUNE 30, 2003 |
| Operating Revenues : | |
|
Student Tuition and Fees |
$28,458,464 |
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Governmental scholarships and contracts |
$9,714,278 |
|
Sales and Services of Educational Departments |
$965,243 |
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Sales and Commissions of Auxillary Enterprises |
$4,670,935 |
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Other Fees |
$652,174 |
| Total Operating Revenues | $44,461,094 |
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| Operating Expenses: | |
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Personnel costs and benefits |
$37,919,803 |
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Services and supplies |
$11,750,783 |
| Utilities | $2,095,677 |
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Scholarships |
$4,376,779 |
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Depreciation |
$2,318,304 |
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| Total Operating Revenues |
$58,461,346
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| Operating Loss |
$-14,000,252
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| Non-Operating Revenues (Expenses) | |
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State Appropriations |
$12,579,167 |
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Local Appropriations |
$243,480 |
| State Grants | $620,695 |
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Gifts |
$829,985 |
| Investment and endowment income | $903,026 |
| Interest on capital assets related debt | $-1,678,510 |
| Other non-operating expenses | $-87,776 |
| Total Non-Operating Revenues | $13,410,067 |
| Income (Loss) Before Other Revenues, Expenses, Gains and Loses | $-550,185 |
| Capital appropriations | $3,821,281 |
| Capital grants and gifts | $210,503 |
| Increase in Net Assets | $3,441,599 |
| Net Assets | |
| Net Assets, beginnin of year | $55,099,804 |
| Net Assets, end of year | $58,541,403 |
| Source: Coastal Carolina University Controller | |
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