Financials
  At July 31,
  2007 2006
ASSETS
Cash and cash equivalents $11,391 $1,226
Student receivables, less allowance for doubtful accounts of $1,089 and $1,068, respectively 2,967 3,954
Other accounts receivable 4,716 4,530
Student loans, less allowance for loan losses of $1,932 and $1,951, respectively 29,258 27,828
Contributions receivable, net 17,906 21,022
Prepaid expenses, inventories and other assets 6,126 6,557
Investments 917,777 715,455
Assets held as trustee or agent 120,414 109,735
Property, facilities and equipment, net 292,288 294,259
Total assets $1,402,843 $1,184,566
     
LIABILITIES AND NET ASSETS
Liabilities:    
Accounts payable and accrued liabilities $19,558 $21,215
Accrued salaries and wages 2,676 3,877
Student deposits, advance payments and deferred revenue 10,180 8,779
U.S. government funded student loans 13,638 14,837
Trust and agency obligations 75,626 70,666
Long term obligations 209,351 209,563
Total liabilities 331,029 328,937
     
Net assets:    
Unrestricted 715,391 636,266
Temporarily restricted 71,752 68,482
Permanently restricted 284,671 150,881
Total net assets 1,071,814 855,629
     
Total liabilities and net assets $1,402,843 $1,184,566

 

  For the years ended July 31,
  2007 2006
  Unrestricted Temporarily Restricted Permanently Restricted Total Total
REVENUES
Student tuition and fees 214,310 - - 214,310 210,894
Less student aid -56,953 - - -56,953 -53,997
Net student tuition and fees 157,357 - - 157,357 156,897
           
Room and board 25,550 - - 25,550 24,362
Private gifts and grants 10,563 2,630 20,600 33,793 27,784
Endowment support 25,380 143 500 26,023 24,994
Government grants 2,458 - - 2,458 2,690
Sales and services 9,496 - - 9,496 8,787
Other revenue 5,687 2,341 12 8,040 7,615
Donor redesignation of restriction - -5,367 5,367 - -
Net assets released from restriction 7,432 -7,432 - - -
Total revenues 243,923 -7,685 26,479 262,717 253,129
           
EXPENSES
Instruction and research 79,897 - - 79,897 81,463
Academic support 29,862 - - 29,862 27,220
Student services 40,960 - - 40,960 36,913
Public service 11,829 - - 11,829 10,015
Auxiliary enterprises 18,344 - - 18,344 17,664
Management and general 52,311 - - 52,311 43,696
Membership development 1,480 - - 1,480 3,037
Fundraising 6,858 - - 6,858 6,053
Total expenses 241,541 - - 241,541 226,061
           
Change in net assets before nonoperating revenues and expenses 2,382 -7,685 26,479 21,176 27,068
           
NONOPERATING REVENUES AND EXPENSES
Adjustment of actuarial liability - 6,560 -415 6,145 -332
Investment income (loss):          
Dividends 1,671 - 6 1,677 2,633
Interest 4,833 30 179 5,042 3,931
Other 250 - -16 234 1,304
Net realized and unrealized gains from investments 84,693 685 106,572 191,950 42,456
Appropriations from endowment -13,935 -88 -323 -14,346 -16,581
Other -769 3,768 1,308 4,307 -5,070
Total nonoperating revenues and expenses 76,743 10,955 107,311 195,009 28,341
           
Change in net assets before cumulative effect of change in accounting principle 79,125 3,270 133,790 216,185 55,409
Cumulative effect of change in accounting principle - - - - -3,958
Change in net assets 79,125 3,270 133,790 216,185 51,451
           
Net assets at beginning of year 636,266 68,482 150,881 855,629 804,178
Net assets at end of year $715,391 $71,752 $284,671 $1,071,814 $855,629