Page 33 - 2019-20 CAFR

Rogue Community College

Fiscal Year Ended June 30, 2020

2020 2019 % Change
Operating Revenues:
Student tuition and fees $ 16,972,303 $ 17,612,777 -3.64%

Student financial aid grants 402,238 6 49,547 -37.07%
Federal grants and contracts 5,106,634 4,684,656 9.01%
State and local government grants and contracts 4,894,475 6,576,108 -25.57%
Auxiliary enterprises 1,299,636 1,712,679 -24.12%
Total operating revenues 28,675,286 31,235,767 -8.20%

Non-Operating Revenues:
State community college support 13,630,772 6,981,355 95.25%
Federal Financial Aid 9,508,403 9,775,906 -2.74%
Property taxes 18,030,782 17,278,369 4.35%
Investment income 1,026,532 1,258,797 -18.45%
Other non-operating revenues 1,283,104 3,287,594 -60.97%
Grain/(loss) on capital assets 13,751 (1,199) -1246.87%
Total non-operating revenues 43,493,344 38,580,822 12.73%

Operating and Non-Operating Expenses:
Instruction 19,638,394 19,133,302 2.64%
Instructional support services 5,933,504 5,901,060 0.55%
Student services 11,776,484 11,290,980 4.30%
Community services 556,751 506,225 9.98%
College support services 9,528,604 10,439,614 -8.73%
Plant operations and maintenance 4,315,768 4,046,412 6.66%
Scholarships and grants 15,491,959 14,365,562 -20.91%
Depreciation 1,491,475 1,421,948 4.89%
Interest expense 1,512,185 1,632,506 -7.37%
Amortization of deferred charges 110,712 110,712 0.00%
Total operating and non-operating expenses 70,355,836 68,848,321 -2.19%

Income before contributions 1,812,794 968,268 87.22%
Capital contributions 6,824,753 12,500 100.00%
Change in net position 8,637,547 980,768 780.69%
Net position, beginning of year 11,883,552 10,902,784 9.00%
Net position, end of year $ 20,521,099 $ 11,883,552 72.68%

Revenues:

The Statement of Revenues, Expenses and Changes in Net Position presents the operating results of the

College, as well as the non-operating revenues and expenses. Annual state reimbursements and property
taxes, while budgeted for operations, are considered non-operating revenues according to GAAP.

Operating revenues decreased by $7.8 million or 21.4% between 2019 and 2020. The most significant sources

of operating revenue for the College include student tuition and fees and student financial aid grants. Tuition

and fees decreased 3.6% or $640,000. The decrease is due to a combination of a 7.8% decrease in FTE, a $5

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