USD President's Report 2021 Financial Operations

P R E S I D E N T ’ S R E P O R T

2 02 0 -2 1 F I N A NC I A L OP E R AT I ONS

T O TA L OP E R AT I NG R E V E NUE , G A I NS A ND O T HE R SUPPOR T * 2020-21

2019-20

2018-19

Tuition and fees, net of student aid

$ 247,952,923 $ 261,135,333 $ 268,606,121

Grants and contracts

22,517,933 19,143,089 229,384,427 16,556,561

20,431,300 24,111,000 23,986,654 37,114,710 6,220,472

17,486,148 22,940,948 21,340,794 50,035,648 6,544,376

Contributions

Investment income, net

Sales and services of auxiliary enterprises

Athletics, recreation and other

3,540,842

Total

$ 539,095,775 $ 372,999,469 $ 386,954,036

OP E R AT I NG F UNC T I ON A L E X P E NS E S *

2020-21

2019-20

2018-19

Educational and program expenses Auxiliary enterprise expenditures Management and general expenses

$ 202,470,136 $ 221,444,954 $ 220,462,243

38,816,129 61,518,606

41,448,986 81,571,866

44,042,063 76,636,303

Total

$ 302,804,871

$ 344,465,806 $ 341,140,610

I NCR E A S E I N COMB I NE D NE T A S S E T S *

2020-21

2019-20

2018-19

Unrestricted net assets

$ 144,990,217

$ (12,904,852) $ 44,282,204

Temporarily restricted net assets Permanently restricted net assets

82,700,155 8,600,533

(2,086,962)

14,157,343 5,902,580

6,415,927

Overall increase in net assets

$ 236,290,904 $ (8,575,887)

$ 64,342,127

*Statement of activities by combined net asset categories for the fiscal year ending June 30.