STATEMENT OF ACTIVITIES

University of Virginia
COMPONENT UNITS, COMBINED STATEMENT OF ACTIVITIES (in thousands)

FOR THE YEAR ENDED JUNE 30, 2015 (WITH COMPARATIVE INFORMATION FOR THE YEAR ENDED JUNE, 2014)
2015 2014
     
UNRESTRICTED REVENUES AND SUPPORT    
   Contributions $29,613 $25,914
   Fees for services, rentals and sales 388,186 372,387
   Investment (loss) income (8,229) 46,944
   Reclassification per donor stipulation - (105)
   Net assets released from restriction 104,046 105,205
   Other revenues 148,951 137,715
TOTAL UNRESTRICTED REVENUES AND SUPPORT 662,567 688,060
     
EXPENSES    
   Program services, lectures and special events 470,480 421,339
   Scholarships and financial aid 73,936 81,788
   Management and general 36,840 33,415
   Other expenses 90,219 89,468
TOTAL EXPENSES 671,475 626,010
(DEFICIENCY) EXCESS OF UNRESTRICTED REVENUES AND SUPPORT OVER EXPENSES (8,908) 62,050
     
CHANGES IN TEMPORARILY RESTRICTED NET ASSETS    
   Contributions 67,634 49,964
   Investment and other income 90,741 176,901
   Reclassification per donor stipulation (186) (6,094)
   Net assets released from restriction (104,331) (105,207)
NET CHANGES IN TEMPORARILY RESTRICTED NET ASSETS 53,858 115,564
     
CHANGES IN PERMANENTLY RESTRICTED NET ASSETS    
   Contributions 27,469 30,168
   Investment and other income 2,492 5,550
   Reclassification per donor stipulation (325) 4,450
   Net assets released from restriction 285 2
NET CHANGES IN PERMANENTLY RESTRICTED NET ASSETS 29,921 40,170
     
CHANGE IN NET ASSETS 74,871 217,784
     
   Net assets — beginning of year 1,661,586 1,443,659
   Net effect of change in reporting entity and other activity 121,475 143
     
NET ASSETS — END OF YEAR $1,857,932 $1,661,586

The accompanying Notes to Financial Statements are an integral part of this statement.