Revenues, Gains and Other Support 2021 2020
Tuition and fees $ 43,329 $ 42,048
Less scholarships (4,316) (4,096)
Net revenue from tuition and fees 39,013 37,952
Contributions 7,168 8,160
Auxiliary programs 1,001 730
Other 129 279
Investment income (loss) 17,307 (270)
TOTAL REVENUE $ 64,618 $ 46,851
Expenses
Salaries, wages and benefits $ 37,251 $ 35,132
Operating expenses 5,541 6,891
Facilities and operations 2,738 2,036
Debt service costs 363 709
Depreciation 3,245 3,257
TOTAL EXPENSES $ 49,138 $ 48,025
Consolidated Statement of Activities
and Changes in Net Assets
(Years Ended June 30, 2021 and 2020)
(Dollars in thousands)
Increase (Decrease) in Net Assets — Before other changes in net assets $ 15,480 ($ 1,174)
Other Changes in Net Assets
Gain (loss) on interest rate swap
Change in postretirement benefits not yet recognized in operations
Gain on High Jump PPP loan forgiveness
561
125
194
(1,702)
(286)
-
Increase (Decrease) in Net Assets $ 16,360 ($ 3,162)
Net Assets — Beginning of year $ 103,815 $ 106,977
Net Assets — End of year $ 120,175 $ 103,815
A N N UA L R E P O R T 2 0 2 0 – 2 1 5
