STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES, AND OTHER CHANGES

For the Year Ended June 30, 1997
With Comparative Figures for 1996 (in thousands)

Year Ended June 30, 1997

Year Ended June 30, 1996*

Unrestricted

Restricted

Total

Total

Revenues

Student Tuition and Fees

$ 143,810

$ 8,797

$ 152,607

$ 144,206

State Appropriations--Medical Center

--

723

723

523

State Appropriations--Academic Operations

102,949

15,013

117,962

121,551

Federal Grants and Contracts (Note 13)

24,292

135,105

159,397

148,659

State Grants and Contracts

131

4,104

4,235

3,416

Local Grants and Contracts

--

--

--

20

Private Gifts, Grants, and Contracts

19,109

84,464

103,573

94,903

Endowment Income

8,018

21,536

29,554

26,494

Sales and Services of Educational Departments

6,547

--

6,547

6,311

Sales and Services of Auxiliary Enterprises

84,526

--

84,526

77,460

Sales and Services of Medical Center

423,832

--

423,832

396,456

Other Sources

18,228

505

18,733

14,771

Total Revenues

831,442

270,247

1,101,689

1,034,770

Expenditures and Mandatory Transfers
Educational and General

Instruction

134,403

46,181

180,584

168,519

Research

14,721

102,791

117,512

106,683

Public Service

6,129

16,311

22,440

21,426

Academic Support

62,218

6,466

68,684

67,151

Student Services

15,755

630

16,385

16,420

Institutional Support

32,609

129

32,738

29,556

Operation and Maintenance of Plant

28,462

165

28,627

28,401

Scholarships and Fellowships (Note 13)

14,535

96,288

110,823

105,802

Total Educational and General Expenditures

308,832

268,961

577,793

543,958

Mandatory Transfers for Debt Service and Other

5,498

5

5,503

1,672

Total Educational and General Expenditures

and Mandatory Transfers

314,330

268,966

583,296

545,630

Auxiliary Enterprises

Operating Expenditures

66,407

258

66,665

59,932

Mandatory Transfers for Debt Service

7,485

--

7,485

7,020

Total Auxiliary Enterprises Expenditures

and Mandatory Transfers

73,892

258

74,150

66,952

Medical Center

Operating Expenditures

396,519

1,023

397,542

376,598

Mandatory Transfers for Debt Service

21,660

--

21,660

21,314

Total Medical Center Expenditures

and Mandatory Transfers

418,179

1,023

419,202

397,912

Total Expenditures and Mandatory Transfers

806,401

270,247

1,076,648

1,010,494

Other Transfers and Additions/(Deductions)

Excess of Restricted Receipts over Transfers to Revenues

--

6,274

6,274

8,030

Refunded to Grantors

--

(20)

(20)

(85)

Transfers to Related Foundations

(48)

(172)

(220)

(239)

Non-Mandatory Transfers

(To)/From Endowment and Similar Funds

(13,642)

3,460

(10,182)

(1,577)

(To)/From Loan Funds

--

(316)

(316)

(528)

(To)/From Plant Funds

(28,892)

(1,719)

(30,611)

(23,003)

Total Other Transfers and Additions/(Deductions)

(42,582)

7,507

(35,075)

(17,402)

Net Increase/(Decrease) in Fund Balances

$ (17,541)

$ 7,507

$ (10,034)

$ 6,874

*Certain 1996 amounts have been restated to conform to 1997 classifications.
The accompanying Notes to Financial Statements are an integral part of this statement.

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President's Report 1996-97 Contents

Financial Report 1996-1997