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FINANCIAL STATEMENT (UNAUDITED) FOR THE YEAR ENDED JUNE 30, 2016

REVENUES

EXPENSES

Operating Revenue Tuition and fees

Operating Expenses 361,226,808

Instruction 488,946,707

Federal grants and contracts

94,111,282

Public service

64,168,945

State and local grants

5,075,842

Academic support

112,559,318

Nongovernmental grants

12,515,490

Student services

107,503,425

Institutional support

192,025,907

Operation and maintenance

116,759,494

Sales/services of education departments Auxiliary enterprises (net of scholarship allowances) Other operating revenues

Total Operating Revenue

216,064 27,068,222 18,625,115

518,838,823

416,741,251

Local appropriations

2,378,719

Net Nonoperating Revenue Capital appropriations (state and local) Capital gifts, grants and contracts

Total Revenue

30

Auxiliary enterprises

15,782,251

Other expenses

70,264

1,208,946,883

State appropriations

Investment income

111,130,572

Total Operating Expenses

Nonoperating Revenue

Grants and gifts

Scholarships and fellowships

232,235,280 1,381,644

Nonoperating Expenses Interest on capital asset related debt Other nonoperating expenses

Total Expenses

3,764,819 537,792

1,213,249,494

652,736,894 75,867,187 6,241,169

1,253,684,073

Final financial statements will be published in November 2016.

VCCS 50th Anniversary Annual Report