Terrier Volume 81, Number 1 | Page 51

St. Francis College Statement of Activities For the year ended June 30, 2017, with summarized totals for 2016. T O TA L UN RE S T RI C T ED T EM P O R A RILY RE S T RI C T ED P ERM A N EN T LY RE S T RI C T ED 2017 2016 $63,484,419 $— $— $63,484,419 $60,523,072 (22,100,106) — — (22,100,106) (20,727,859) (335,220) — — (335,220) (301,015) 41,049,093 — — 41,049,093 39,494,198 500,368 — — 500,368 519,848 Operating gifts and private grants 1,445,739 838,253 — 2,283,992 2,988,504 Investment return used for operations 3,508,012 — — 3,508,012 3,464,781 Other 2,224,742 — — 2,224,742 2,131,937 Net assets released from restrictions 1,557,890 (1,557,890) — — — 50,285,844 (719,637) — 49,566,207 48,599,268 19,881,276 — — 19,881,276 19,258,902 5,109,845 — — 5,109,845 4,860,100 Student services 12,449,495 — — 12,449,495 11,643,339 Institutional support 13,737,684 — — 13,737,684 12,984,876 51,178,300 — — 51,178,300 48,738,217 (892,456) (719,637) — (1,612,093) (138,949) Gifts and private grants 1,764,007 48,860 899,036 2,711,903 180,855 Campaign campaign expenses (761,905) — — (761,905) (686,034) Capital project expenses (280,748) — — (280,748) (463,371) Investment return net of amounts in support of operations 2,316,396 2,224,373 — 4,540,769 (3,624,763) Early retirement program (620,243) — — (620,243) (609,406) Changes in net assets from nonoperating activities 2,417,507 2,273,233 899,036 5,589,776 (5,202,719) Changes in net assets 1,525,051 1,553,596 899,036 3,977,683 (5,341,668) 70,459,357 11,610,002 12,413,173 94,482,532 99,824,200 $71,984,408 $13,163,598 $13,312,209 $98,460,215 $94,482,532 O PER ATIN G RE VENUES AND SUPP O RT Student tuition and fees College scholarships Federal financial assistance Net tuition and fees Government appropriations Total operating revenues and support O PER ATIN G E X PENSES Instruction Academic support Total operating expenses Changes in net assets from operating activities N O N O PER ATIN G AC TIVITIES Net assets, beginning of year Net assets, end of year S T. FR A NC I S COL L EGE  |  2016–2017 A NNUA L DONOR R EPOR T  49