SMU IR13 2-31 10/16/13 10:40 AM Page 28
SAINT MARY’S UNIVERSITY
OF
MINNESOTA
Financials Revenues and Expenditures
Consolidated Balance Sheet
28
Revenues and Gains
Assets
Tuition and fees..............................................$64,930,583.00 Less: Scholarships and grants .....................($16,064,438.00) Net tuition and fees ........................................$48,866,145.00 Government grants...........................................$2,016,692.00 Private gifts and grants ....................................$4,129,615.00 Sponsored research and programs.....................$981,924.00 Endowment income ............................................$635,000.00 Other sources.......................................................$481,261.00 Net gain on investments ..................................$4,648,012.00 Auxiliary enterprises ........................................$8,047,024.00
Cash and cash equivalents.............................$17,507,361.00 Receivables......................................................$10,219,469.00 Prepaid expenses.................................................$386,115.00 Endowment investments................................$41,967,661.00 Other investments ............................................$2,298,139.00 Funds held in trust for others........................$15,663,244.00 Construction in progress................................................$0.00 Property, plant and equipment......................$59,877,674.00
Total revenues & gains
Total assets
$147,919,663.00
$69,805,673.00
Liabilities Expenses Instruction.......................................................$25,194,115.00 Research ...............................................................$106,742.00 Public Service ...................................................$3,826,073.00 Academic support.............................................$7,780,419.00 Student services................................................$9,411,957.00 Auxiliary enterprises ........................................$5,285,172.00 Institutional support.......................................$11,858,084.00 Annuities payable adjustment............................($62,770.00) Total expenses
Accounts payable..............................................$1,954,244.00 Accrued liabilities .............................................$2,176,048.00 Deposits and deferred revenue .......................$9,270,173.00 Asset retirement obligation.................................$668,707.00 Contract Payable-Food Service ...........................$821,808.00 Loans and notes payable..................................$1,190,814.00 Bonds payable ................................................$10,860,000.00 Annuities payable ................................................$574,970.00 Deposit held in custody ......................................$140,667.00 Funds held in trust for others........................$15,663,244.00 Government grants refundable........................$2,955,474.00
$63,399,792.00 Total liabilities
Increase in net assets
$6,405,881.00
Net Assets Unrestricted.....................................................$65,087,888.00 Temporarily restricted ....................................$11,290,679.00 Permanently restricted ...................................$25,264,947.00
Gifts and Grants Alumni...............................................................$1,400,329.00 Friends...............................................................$1,090,181.00 Foundations ......................................................$1,049,038.00 Others...................................................................$552,625.00 Corporations ........................................................$195,346.00 Parents..................................................................$149,031.00 Minnesota Private College Fund...........................$42,992.00 Total gifts & grants
$46,276,149.00
$4,479,542.00
Total net assets
$101,643,514.00
Total liabilities & net assets
$147,919,663.00