Central Washington University Statement of Revenue, Expenses and Changes in Net Position (1) 2017 2016 2015 2014
2013
OPERATING REVENUES: Student Tuition and Fees Less tuition discounts Federal Grants and Contracts
$112,936,851 (37,249,784)
$112,267,508 (39,885,056)
$109,542,841 (38,418,237)
$107,734,181 (37,442,405)
8,737,111 20,531,704 6,734,317 2,936,424 165,947 33,129,674
7,201,170 21,294,122 5,786,385 2,357,264 112,776 29,245,458
5,532,982 20,562,242 5,603,910 4,808,198 142,422 30,102,132
5,363,128 22,062,238 7,730,093 3,079,392 118,234 28,236,359
State and Local Grants and Contracts Non governmental grants and contacts Sales and services of educational activities and other sources Interest earned on loans to students Auxiliary enterprise sales – Housing and Dining
12,284,942 (502,289) $159,704,897
Other Auxiliary Sales Less auxiliary discounts Total Operating Revenues OPERATING EXPENSES Educational and General Instruction
11,826,076 (769,862) $149,435,841
12,066,507 (730,094) $149,212,903
12,524,355 (699,351) $148,706,224
$ 84,638,115 2,773,038 5,144,282 13,286,114 12,769,219 21,327,469 13,745,000 16,516,560 42,105,356 16,469,967 $228,775,120 $ (69,070,223) $ 46,496,000 17,988,786 5,385,087 (5,948,246) 694,387 $ 64,616,014
$ 80,882,240 2,472,153 3,639,872 12,455,964 11,194,714 22,301,279 11,292,965 13,173,874 42,597,817 15,240,940 $215,251,818
$ 79,277,752 2,054,493 2,498,202 11,705,215 10,271,211 21,220,597 10,941,040 13,379,334 42,161,828 16,947,733 $210,457,405
$ 73,374,773 2,132,689 1,942,319 10,813,855 9,616,209 17,824,959 11,475,636 11,858,709 41,683,172 16,665,279 $197,387,600
Research
Public Service Academic Support Student Services Institutional Support
Operation and maintenance of plant (2) Scholarships and other student aid Auxiliary enterprise expenditures
Depreciation
Total Operating Expenses Operating income (loss)
$ (65,815,977) $ (61,244,502) $ (48,681,376)
Non-operating Revenues (Expenses) State appropriations
$ 38,777,000 17,211,869
$ 39,268,000 16,757,659
$ 32,261,000 16,417,180
Pell Grant
Investment income
4,523,994 (6,304,481)
3,894,160 (6,261,812)
2,560,309 (8,353,501)
Interest on indebtedness (3)
Non-operating income net of expenses
438,589
668,187
821,356
Net non-operating revenues (expenses)
$ 54,646,971
$ 54,326,194
$ 43,706,344
(4,454,209)
Income (or loss) before other revenue, expenses, gains, or losses Capital appropriations Increase (Decrease) in net position Net position, beginning of the year (4)
(11,169,006)
(6,918,308)
(4,975,032)
$ 28,430,910 23,967,701 $339,206,649 $363,174,350
$ 28,040,227 16,871,221 $322,335,428 $339,206,649
$ 9,783,566
$ 5,034,948
2,865,259
59,917
$347,262,117 $350,127,376
$347,202,199 $347,262,116
Net position, end of year
(1) Information is based on audited financial statements of the University. (2) The amounts expended for plant maintenance are heavily dependent on State capital appropriations and revenue distributions from the Normal School Permanent Fund. (3) The increase in interest on indebtedness in 2013 was due to the implementation of GASB 65, and costs associated with the advance refunding of the System Revenue Bonds, Series 2004. (4) Net position, beginning of the year for 2015 was restated due to the implementation of GASB 68. State Funding for the University The University is one of six public universities in the State, and has traditionally received significant State funding for operations and capital projects. The Board has responsibility under State law for submitting a biennial budget plan for operations, as well as a list of prioritized capital project needs for which it is seeking funding, to the Governor for submission to the State Legislature.
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