Financial Presentation to the Board of Trustees, February,

2017 for the year ended June 30, 2016

Student tuition andfees, net

Grants andcontracts

Sales and services,net

Other operatingrevenues

Stateappropriations

2012 41,572,708 6,347,506 31,718,640 1,542,271 80,114,791

2013 46,456,244 4,862,109 34,014,524 1,580,162 83,122,918

2014 51,390,655 4,215,119 35,762,418 1,682,025 82,461,935

2015 54,131,549 4,974,886 39,039,606 1,627,527 85,513,070

2016 55,823,244 4,916,014 39,857,000 1,585,162 91,790,543

0

10

20

30

40

50

60

70

80

90

100

Mill

ion

sY

TD

Noncapital grantsNoncapital Gifts,

netInvestment

incomeState capital

appropriationsCapital grants

Additions toendowments

2012 384,429 2,968,600 157,478 0 13,661,295 1,607,420

2013 678,468 3,291,181 5,474,447 390,800 4,011,444 1,396,998

2014 903,436 3,347,201 9,331,116 2,566,307 283,582 1,924,058

2015 1,095,413 4,942,677 2,831,905 0 1,527 1,303,953

2016 1,117,256 5,165,143 (739,841) 2,751,000 119,779 2,373,573

-2

0

2

4

6

8

10

12

14

16

Mill

ion

sY

TD

31%

32%

33%

34%

35%

36%

37%

38%

39%

Tuition as a percentage of Tuition and Appropriations

2012 2013 2014 2015 2016

State

Appropriations

40%

Student

Tuition and

Fees

24%

Sales and

Services

17%

Noncapital

Grants

Student Aid

11%

Other Non-

Operating

5%

Contracts

and Grants

2%

Other

Operating

1%

Salaries andBenefits

Supplies andMaterials

ServicesScholarships and

fellowshipsUtilities

Interest and feeson debt

2012 105,309,261 17,234,906 31,259,379 10,287,024 4,910,667 5,120,933

2013 111,495,986 19,085,916 34,294,251 10,561,456 5,206,453 5,503,432

2014 113,543,344 21,046,093 34,885,560 11,446,429 5,410,822 5,145,709

2015 119,374,453 20,953,284 38,981,614 11,308,247 5,190,654 5,289,922

2016 122,735,721 18,525,078 40,461,654 11,655,858 4,911,587 5,299,733

0

20

40

60

80

100

120

140

Mill

ion

sY

TD A

CTU

AL

Salaries & Benefits58%

Supplies & Materials9%

Services19%

Scholarships & Fellowships

5%

Utilities2%

Interest & Fees3% Depreciation

4%

BondsCertficates ofParticipation*

Leases*Net Pension

LiabilityOther Total

2012 53,460,997.87 62,485,737.00 851,411.92 5,986,265.61 122,784,412.40

2013 51,830,319.24 61,330,000.00 203,909.43 6,549,297.80 119,913,526.47

2014 50,344,912.42 59,870,000.00 190,247.40 17,217,410.00 6,788,590.04 134,411,159.86

2015 48,827,732.90 58,140,000.00 110,689.44 3,436,600.00 10,599,369.12 121,114,391.46

2016 68,669,639.37 60,753,032.14 197,908.23 11,041,959.00 10,384,586.24 151,047,124.98

0

20

40

60

80

100

120

140

160

Mill

ion

sB

ALA

NC

E

*Restated to reflect blending R&D Corp

*Restated to reflect net pension liability for 2014

Net position Long-term Debt

2012 375,985,325.82 122,784,412.40

2013 392,868,070.40 119,913,526.47

2014* 409,883,906.90 134,411,159.86

2015 407,423,234.76 121,114,391.46

2016 424,192,604.19 151,047,124.98

0

50

100

150

200

250

300

350

400

450

Mill

ion

sB

ALA

NC

E

Metric June 30, 2016 Performance

Target Range

Debt to Obligated Resources

1.11 Not to exceed 2.0

Five Year Payout Ratio 17% Not < 15% or >25%

Expendable Resources to Debt

0.99X Not < 0.45X

Debt Service to Operating Expense

4.20% Not> 5.40%

Net Investment in Capital Assets, $266,870,297

Restricted Nonexpendable

Endowments and Student Loans Capital Contribution

$41,333,958

Restricted ExpendableEndowment Spending, Debt Service, Capital Projects, and Student

Loans$38,661,630

Unrestricted, $77,326,719

$424,192,604 Total