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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, 2005 |
| Operating Revenues : | |
| Student Tuition and Fees, net of scholarship allowance of $10,900,863; $1,344,290 is pledged for debt service on general obligation bonds |
$43,074,537 |
| Governmental scholarships and contracts |
12,608,291 |
| Sales and services of educational departments |
1,788,649 |
| Sales and commissions of auxillary enterprises, net of scholarship allowance of $1,211,207 |
5,305,441 |
| Other Fees |
999,332 |
| Total Operating Revenues | 63,776,250 |
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| Operating Expenses: | |
| Personnel costs and benefits |
46,868,903 |
| Services and supplies |
16,433,595 |
| Utilities | 2,562,796 |
| Scholarships |
5,325,354 |
| Depreciation |
2,922,723 |
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| Total Operating Expenses | 74,113,371 |
| Operating Income (Loss) | (10,337,121) |
| Non-Operating Revenues (Expenses) | |
| State appropriations |
11,792,079 |
| Local appropriations |
214,889 |
| Grants and contracts | 926,747 |
| Gifts |
1,576,602 |
| Investment and endowment income | 402,465 |
| Interest on capital asset-related debt | (1,690,726) |
| Net Non-Operating Revenues (Expenses) | 13,222,056 |
| Income (loss) before other revenues, expenses, gains, and losses | 2,884,935 |
| Capital appropriations | 135,531 |
| Capital grants and gifts | 417,600 |
| Increase (Decrease) in Net Assets | 3,438,066 |
| Net Assets | |
| Net Assets, beginning of year | 61,156,252 |
| Net Assets, end of year | $64,594,318 |
| Source: Coastal Carolina University Controller |
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