2016_SUNY_Optometry_PRR

2 0 1 5 A N N U A L F I N A N C I A L R E P O R T

Notes to Financial Statements June 30, 2015 and 2014

16. Component Units (continued)

Condensed financial statement information The table below displays the combined totals of the foundations (including student housing corporations) and auxiliary services corporations (ASCs) (in thousands):

Combined Balance Sheet

2015

2014

Foundations

ASCs

Total

Foundations

ASCs

Total

Assets: Investments $ 1,968,612

73,281 105,982 156,647 335,910 103,336 25,130 128,466

2,041,893 1,873,178

77,716 104,141 159,300 341,157 112,583 30,462 143,045

1,950,894

Capital assets, net

484,408 380,384

590,390 537,031

516,131 423,783

620,272 583,083

Other assets

Total assets $ 2,833,404

3,169,314

2,813,092

3,154,249

Liabilities:

Other liabilities Long-term debt

179,336 392,795 572,131 550,155 937,113 774,005

282,672 417,925 700,597 757,136 937,333 774,248

167,590 440,683 608,273 517,951 964,548 722,320

280,173 471,145 751,318 715,588 964,780 722,563

45

Total liabilities

Net Assets:

Unrestricted

206,981

197,637

Temporarily restricted Permanently restricted

220 243

232 243

Total net assets

2,261,273

207,444 335,910

2,468,717 3,169,314

2,204,819 2,813,092

198,112 341,157

2,402,931 3,154,249

Total liabilities and net assets $ 2,833,404

Combined Statements of Activities Revenues: Contributions, gifts and grants $ 181,607

-

181,607 358,631 130,545 196,634 867,417 303,230 131,549 121,093 245,759 801,631

176,690

-

176,690 348,277 163,457 386,840

Food and auxiliary services

-

358,631

-

348,277

Sales and services Other revenue

130,545 192,167 504,319

-

163,457 378,727 718,874

-

4,467

8,113

Total revenues

363,098

356,390

1,075,264

Expenses: Food and auxiliary services

-

303,230

-

291,011

291,011 110,807 155,079 268,424 825,321 249,943

Program expenses Health care services

131,549 121,093 195,223 447,865

- -

110,807 155,079 226,646 492,532 226,342

- -

Other expenses

50,536 353,766

41,778 332,789

Total expenses

Total change in net assets

56,454

9,332

65,786

23,601

Net assets at the beginning of year

2,204,819

198,112 207,444

2,402,931 2,468,717

1,978,477 2,204,819

174,511 198,112

2,152,988 2,402,931

Net assets at the end of year $ 2,261,273

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