Page 122 - 2019-20 CAFR

Rogue Community College

Changes in Net Position
Last Ten Fiscal Years ­ (unaudited)

2019­20 2018­19 2017­18 2016­17
Operating revenues:

Student tuition and fees $ 16,972,303 $ 17,612,777 $ 17,043,113 $ 17,346,411

Federal student financial aid grants 402,238 5,872,314 5,958,859 7,796,047
Federal grants and contracts 5,106,634 4,684,656 5,051,871 3,948,966

State and local grants and contracts 4,894,475 6,576,108 4,141,439 5,023,057
Auxiliary enterprises 1,299,636 1,712,679 1,942,526 2,292,794
Total operating revenues $ 28,675,286 $ 36,458,534 $ 34,137,808 $ 36,407,275
Operating Expenses:
Instruction $ 19,638,394 $ 19,133,302 $ 18,350,270 $ 18,643,414
Instructional support services 5,933,504 5,901,060 6,062,044 6,612,951
Student services 11,776,484 11,290,980 11,062,661 10,963,620
Community services 556,751 506,225 559,362 918,368
College support services 9,528,604 10,439,614 8,250,664 8,163,765
Plant operations and maintenance 4,315,768 4,046,412 3,752,575 3,978,409

Scholarships and grants 15,491,959 19,588,329 19,260,733 21,331,237
Depreciation 1,491,475 1,421,948 1,324,245 1,356,198
Total operating expenses $ 68,732,939 $ 72,327,870 $ 68,622,554 $ 71,967,962
Operating income (loss) $ (40,057,653) $ (35,869,336) $ (34,484,746) $ (35,560,687)
Non­operating revenues (expenses):
State community college support fund $ 13,630,772 $ 6,981,355 $ 11,956,146 $ 7,125,402

Federal financial aid 9,508,403 9,775,906 9,420,754 9,743,242
Property taxes 18,030,782 17,278,369 16,867,187 16,255,532
Investment income 1,026,532 1,258,797 898,649 330,789
Interest expense (1,512,185) (1,632,506) (1,731,019) (1,453,237)
Amortization of deferred charges (110,712) (110,712) (110,712) (166,864)

Gain (Loss) on disposal of capital assets 13,751 (1,200) (260,642) (50,008)
Other non­operating revenue 1,283,104 3,287,595 2,659,829 3,094,731
Total non­operating revenue (expenses) $ 41,870,447 $ 36,837,604 $ 39,700,192 $ 34,879,587
Income (loss) before contributions 1,812,794 968,268 5,215,446 (681,100)
Capital contribution 6,824,753 12,500 0 35,613
Change in net position $ 8,637,547 $ 980,768 $ 5,215,446 $ (645,487)

Note: The College implemented GASB Statement No. 54 in fiscal 2014; years prior to 2014 have not been restated, unless

otherwise stated. The College implemented GASB Statement No. 68 and No. 71 in fiscal 2015, with an adjustment in 2017;

schedules containing information for years prior to the referenced fiscal years have not been restated in accordance with GASB

No. 68 and No. 71, unless otherwise stated. The College implemented GASB Statement No. 75 in fiscal 2018; schedules containing

information for years prior to fiscal year 2018 have not been restated in accordance with GASB No. 75, unless otherwise stated.

Source: Rogue Community College Budget and Financial Services Department.
The presentation of direct loans was updated in 2019/20, however the presentation was not restated for prior years.
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