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 Kinesiology Facilities Residential Learning Community
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.
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