TOTAL REVENUES BY SOURCE

 

Under the new GASB 34-35 reporting format, the financial statement categories are changed from previous years.  Rather than using the categories of current funds and plant funds, for example, the revenues are broadly grouped by operating and non-operating revenues.  The following table shows total revenues by source, with non-operating revenues labeled with an asterisk.  These figures are found in the audited Statement of Revenues, Expenses and Changes in Net Assets. 

 

The tuition and auxiliary revenues shown under the new format are net of scholarship allowances, which are still included in the total budget as passed by the state legislature.  Therefore, when scholarship monies are excluded from revenues, the state appropriations appear as a larger percentage of total revenues, and tuition and fees appear as a smaller percentage, than the amounts shown under the former model of total current funds.

 

The facing page shows only operating expenses by function rather than total expenses.

 

 

 

Non-operating revenues are indicated by an asterisk.