Audit performed by BDO USA, LLP
STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30 2013 Revenues, gains, and other support: Tuition and fees Less: student assistance
Temporarily Restricted
Unrestricted
$
Net tuition and fees
Federal and State grants and contracts Private gifts, grants, and contracts Income from investments Net realized and unrealized gains on investments Other income Sales and services of auxiliary enterprises
$ 29,139,984 (3,929,186)
25,210,798
25,210,798
866,889 147,315 6,587,054 15,617,478
Net assets released from restrictions
Total
29,139,984 (3,929,186)
5,378,968 2,187,671 449,581
Total additional income
Permanently Restricted
160,876 21,001
1,187,139
95,599
2,149,627 147,315
1,594,602
277,476
17,489,556
277,476
42,700,354
(279,423)
279,423
5,378,968 2,499,730 726,862
151,183 256,280
1,315,179
6,587,054
Total revenues, gains, and other support
41,107,699
Expenditures and losses: Operating: Instruction Public service Student services Academic support Institutional support Auxiliary enterprises
13,136,465 2,726,215 7,578,251 1,799,043 10,603,024 4,022,304
13,136,465 2,726,215 7,578,251 1,799,043 10,603,024 4,022,304
Total operating expenditures
39,865,302
39,865,302
Change in net assets from operations
1,242,397
Nonoperating gains Loss on disposal of fixed assets
(30,430.00)
Total change in net assets Net assets at beginning of year
1,211,967 19,395,377
Net assets as of end of year
$
20,607,344
1,315,179
277,476
1,315,179 3,290,129
277,476 9,687,547
2,835,052
(30,430.00)
$
4,605,308
$
9,965,023
2,804,622 32,373,053 $ 35,177,675
Thank you to the Office of Fiscal Affairs for their assistance with this report and to the auditing firm BDO USA, LLP for compiling the financial summary.
WWW.SHAWU.EDU | 39