SACS Principles of Accreditation
Red Back Arrow
Report
Red Forward Arrow
Back to Sections    Close Window

Section V: COC Resources

3.10.1 The institution's recent financial history demonstrates financial stability.



JUDGMENT OF COMPLIANCE

Compliance.

NARRATIVE/JUSTIFICATION FOR JUDGMENT OF COMPLIANCE

The University's recent financial history demonstrates financial stability.

The University's financial stability is indicated by the following (Business Office, Comptroller, Reports, Financial Reports):

 
FY 2001
FY 2002
FY 2003
Unrestricted Net Assets
$ 8,188,000
$8,045,000
$8,762,000
Total Net Assets
$116,939,212
$117,962,846
$120,607,422
Investment in Capital Assets
$97,633,092
$95,414,727
$96,139,422
Available Reserve Ratio
3.5 Months
3.5 Months
3.6 Months
Total Cash & Cash Equivalents
$4,583,961
$7,797,686
$5,688,747
Payables
$2,822,279
$2,488,354
$2,200,912

The University is primarily funded by state appropriations which account for nearly 63% of the University’s FY2004 Budget. Additional funding came from contracts, grants and gifts (21%) and net tuition and fees (9%). According to The Texas A&M University System Endowment Report as of May 31, 2004, endowments totaled $4,988,621.83 as of May 31, 2004. The University’s current capital construction projects include:

Science Building
$22,677,500
Kinesiology Facilities
$12,250,000
Residential Learning Community
$13,144,000


In recent years the University has experienced growth rates in both student headcount and semester credit hours of between 9% - 10% per semester. This growth is expected to continue for the foreseeable future. Financial aid is provided to more than 75% of the student population.





SUPPORT DOCUMENTATION


SOURCE

LOCATION/Special Instructions

Business Office, Comptroller, Reports, Financial Reports

http://www.tamiu.edu/adminis/comptroler/reports.shtml

Texas A&M University System Endowment Report as of May 31, 2004 SACS Documentation Room
(Killam Library Room 334-C)


Red Back Arrow
Report
Red Forward Arrow
Back to Sections    Close Window