Report to the Community - Samuel Merritt University
Report to the Community - Samuel Merritt University
Report to the Community - Samuel Merritt University
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ePort <strong>to</strong> <strong>the</strong> community 2010 — 2011<br />
2010 financial review<br />
revenue<br />
<strong>to</strong>tal tuition $45,691,776<br />
fees $959,875<br />
o<strong>the</strong>r revenue $1,659,873<br />
transferred for operations $1,246,526<br />
endowment income $813,795<br />
released from restriction $1,998,656<br />
<strong>to</strong>tal operating revenue $52,370,501<br />
revenue Deductions<br />
o<strong>the</strong>r deductions & scholarships $1,779,352<br />
<strong>to</strong>tal revenue deductions $1,779,352<br />
net oPerAtinG reVenue $50,591,149<br />
operating expenses<br />
instruction $24,907,787<br />
academic support $5,555,063<br />
student services $3,757,811<br />
institutional support $6,853,741<br />
auxiliary enterprises $1,012,773<br />
released from restriction $1,998,656<br />
<strong>to</strong>tal expenses $44,090,831<br />
oper inc/(loss) pre allocation $6,500,319<br />
interest income/gains $3,163,846<br />
net income/(loss) $9,664,165<br />
investment Activity in restricted funds*<br />
investment income $869,267<br />
realized gains/(losses) $3,178,004<br />
unrealized gains/(losses) $3,792,576<br />
<strong>to</strong>tal investment activity in restricted funds $7,839,847<br />
* <strong>the</strong> investment portfolio of <strong>the</strong> restricted funds increased by 7% in 2010.<br />
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