Reporting on Our Financial Performance

Condensed Statement of Unrestricted Activity for the year ended May 31 (in thousands)
Revenue and Expenses 2014 Actual 2013 Actual
OPERATING REVENUES
Tuition and Fees  $235,018  $223,628
Less Scholarships  (77,189)  (70,611)
Net Tuition and Fees  157,829  153,017
Auxiliary Enterprises  32,797  30,527
Private Gifts and Grants  8,563  12,967
Government Grants  5,514  5,790
Endowment payout under spending formula  4,867  2,799
Investment Income  34  160
Other Income  8,037  7,230
Net Assets Released from Restrictions  4,074  2,970
Total Revenues  $221,715  $215,460
OPERATING EXPENSES
Instruction  $80,864  $77,809
Public Service  781  813
Academic Support  16,325  16,602
Student Services  34,875  33,684
Institutional Support  44,106  43,201
Research  2,740  3,446
Auxiliary Enterprises  34,794  34,169
Total Expenses  $214,485  $209,724
Change in Net Assets from Operating Activities  $7,230  $5,735
Non-Operating Activities  12,902  16,231
Total Change in Net Assets  $20,132  $21,966
Net Assets Beginning of Year  $244,158  $222,192
Net Assets End of Year  $264,290  $244,158
Condensed Statement of Financial Position for the year ended May 31 (in thousands)
2014 Actual 2013 Actual
Total Assets  $660,101  $630,362
Total Liabilities  281,980  280,058
TOTAL NET ASSETS  $378,121  $350,304

Copies of the University’s audited financial statements will be made available upon written request to the attention of: Louis J. Mayer, Ed.D., Vice President for Financial Affairs, Saint Joseph’s University, 5600 City Avenue, Philadelphia, PA 19131-1395.