Page 43 - 2019-20 CAFR

Rogue Community College

Statement of Revenues, Expenses, and Changes in Net Position
For the year ended June 30, 2020
Foundation
(component unit)
as
College restated
OPERATING REVENUES
Student tuition and fees $ 16,972,303 $ 0

Federal student financial aid grants 402,238 0

Federal grants and contracts 5,106,634 0

State and local grants and contracts 4,894,475 0
Auxiliary enterprises 1,299,636 0
Public support and revenue 0 1,849,816

Total operating revenues 28,675,286 1,849,816
OPERATING EXPENSES
Instruction 19,638,394 0
Instructional support services 5,933,504 0
Student services 11,776,484 0
Community services 556,751 0
College support services 9,528,604 0
Plant operations and maintenance 4,315,768 0

Scholarships and grants 15,491,959 0
Foundation programs 0 1,855,351
Depreciation 1,491,475 0
Total operating expenses 68,732,939 1,855,351

Operating income (loss) (40,057,653) (5,535)
NON­OPERATING REVENUES (EXPENSES)
State community college support 13,630,772 0
Federal financial aid 9,508,403 0
Property taxes 18,030,782 0
Investment income 1,026,532 591,813
Interest expense (1,512,185) 0
Amortization of deferred charges (110,712) 0
Gain/(loss) on disposal of capital assets 13,751 0

Other non­operating revenues 1,283,104 0

Total non­operating revenues 41,870,447 591,813
Income (loss) before contributions 1,812,794 586,278
CAPITAL CONTRIBUTIONS 6,824,753 0
Change in net position 8,637,547 586,278
NET POSITION

Net position, beginning of year* 11,883,552 10,698,211

Net position, end of year $ 20,521,099 $ 11,284,489

*The Foundation restated their beginning fund balance. More information provided in Note 1.

See notes to basic financial statements.
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