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									THE JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE
            Excess of Revenue over Expenses
              25
                                                               ($000s)
                                                                                               19,972
              20                                                                                               19,137
                                                               Accrual Basis          17,627

                                   Cash Basis                              15,692
              15
 $ Millions




              10                                                                                10,085
                                                                                                             9,088
                                                                       7,203
                                                                                                                        5,295
                5                                        3,020           5,125

                                           430      2,488                                                            2,656
                0

                                   (1,521)
                        (2,929)
               (5)


                                                                                                    Actual      Without ARS
              (10)
                       94


                              95


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                                                                   40

								
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