Docstoc

fy2008_by_inst

Document Sample
fy2008_by_inst Powered By Docstoc
					                                 OREGON UNIVERSITY SYSTEM
                                  STATEMENT OF NET ASSETS
                                        June 30, 2008



                                                                     FY2009 Presentation                    FY2008 Presentation
                                                                       June 30, 2008                          June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                                       $         355,334,443.39               $         355,334,443.39
 Short-Term Investments                                                              0.00                                   0.00
 Collateral from Securities Lending                                        414,901,143.22                         414,901,143.22
 Accounts Receivable, Net                                                  190,266,511.44                         190,266,511.44
 Notes Receivable, Net                                                      13,819,574.76                          13,819,574.76
 Inventories                                                                 6,685,910.76                           6,685,910.76
 Prepaid Expenses                                                           16,581,437.24                          16,581,437.24
   Total Current Assets                                                    997,589,020.81        0.00             997,589,020.81
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                                    460,614,448.89                         460,614,448.89
 Long-term Investments - Restricted                                         81,729,109.17                          81,729,109.17
 Notes Receivable, Net                                                      97,377,708.47                          97,377,708.47
 Capital Assets, Net of Accumulated Depreciation                         1,548,793,543.65                       1,548,793,543.65
   Total Noncurrent Assets                                               2,188,514,810.18        0.00           2,188,514,810.18
 TOTAL ASSETS                                                    $       3,186,103,830.99   $     -     $       3,186,103,830.99

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities                        $         119,152,101.38               $         119,152,101.38
 Deposits                                                                   13,145,567.27                          13,145,567.27
 Obligations Under Securities Lending                                      414,901,143.22                         414,901,143.22
 Current Portion of Long-Term Liabilities                                   88,758,430.53                          88,758,430.53
 Deferred Revenue                                                           94,698,740.87                          94,698,740.87
  Total Current Liabilities                                                730,655,983.27        0.00             730,655,983.27
Noncurrent Liabilities
 Long-Term Liabilities                                                   1,239,173,583.84                       1,239,173,583.84
  Total Noncurrent Liabilities                                           1,239,173,583.84                       1,239,173,583.84
 TOTAL LIABILITIES                                               $       1,969,829,567.11   $     -     $       1,969,829,567.11

NET ASSETS
 Invested in Capital Assets, Net of Related Debt                 $         631,626,128.26               $         631,626,128.26
 Restricted For:
   Nonexpendable Endowments                                                 17,332,967.28                          17,332,967.28
   Expendable
    Gifts,Grants, and Contracts                                            103,296,864.05                         103,296,864.05
    Student Loans                                                           86,987,405.49                          86,987,405.49
    Capital Projects                                                       124,267,512.98                         124,267,512.98
    Debt Service                                                            82,314,488.87                          82,314,488.87
 Unrestricted Net Assets                                                   170,448,896.95                         170,448,896.95
 TOTAL NET ASSETS                                                $       1,216,274,263.88   $     -     $       1,216,274,263.88



    4/3/2011,4:05 AM                               3d1e2f4c-5dd2-443d-a688-4001412992d9.xls,OUS SNA
                        OREGON UNIVERSITY SYSTEM
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                               FY2009
                                                                      FY2009 Presentation     Reclassify CO Student Reclassify Debt Svc        FY2008 Presentation
                                                                        June 30, 2008         Fees rec'd from OHSU        Approp                 June 30, 2008
Operating Revenues
 Student Tuition and Fees                                         $         496,011,931.91     $      (144,910.56)                         $          496,156,842.47
 Federal Grants and Contracts                                               322,807,894.60                                                            322,807,894.60
 State and Local Grants and Contracts                                        34,475,677.81                                                             34,475,677.81
 Nongovernmental Grants and Contracts                                        37,179,940.97                                                             37,179,940.97
 Educational Department Sales and Services                                   66,440,150.83                                                             66,440,150.83
 Auxiliary Enterprise Revenues                                              270,667,750.42                                                            270,667,750.42
 Other Operating Revenues                                                    24,109,071.69                                                             24,109,071.69
   Total Operating Revenues                                               1,251,692,418.23            (144,910.56)                 0.00             1,251,837,328.79
Operating Expenses
 Instruction                                                                530,029,117.62                                                            530,029,117.62
 Research                                                                   263,780,814.17                                                            263,780,814.17
 Public Service                                                             103,581,040.53                                                            103,581,040.53
 Academic Support                                                           118,842,857.00                                                            118,842,857.00
 Student Services                                                            65,570,075.70                                                             65,570,075.70
 Auxiliary Programs                                                         307,355,676.58                                                            307,355,676.58
 Operation and Maintenance of Plant                                          79,970,909.76                                                             79,970,909.76
 Institutional Support                                                      133,269,933.60                                                            133,269,933.60
 Student Aid                                                                 60,588,704.37                                                             60,588,704.37
 Other Operating Expenses                                                    94,278,715.30                                                             94,278,715.30
   Total Operating Expenses                                               1,757,267,844.63                   0.00                  0.00             1,757,267,844.63
 Operating Loss                                                            (505,575,426.40)           (144,910.56)                 0.00              (505,430,515.84)
Nonoperating Revenues (Expenses)
 Government Appropriations                                                  424,119,781.37                               (24,451,704.72)             448,571,486.09
 Investment Activity                                                         16,980,449.56                                                            16,980,449.56
 Interest Expense                                                           (52,926,884.14)            144,910.56                                    (53,071,794.70)
 Other Nonoperating Items                                                   101,702,292.70                                                           101,702,292.70
   Net Nonoperating Revenues                                                489,875,639.49             144,910.56        (24,451,704.72)             514,182,433.65
    and Losses                                                              (15,699,786.91)                  0.00        (24,451,704.72)               8,751,917.81
 Capital and Debt Service Appropriations                                     41,061,214.72                                24,451,704.72               16,609,510.00
 Capital Grants and Gifts                                                    55,106,629.34                                                            55,106,629.34
 Capital Contributions                                                                 -                                                                       0.00
 Additions to Permanent Endowments                                                  250.00                                                                   250.00
 Transfers Within OUS                                                                 0.00                                                                     0.00
   Total Other Revenues                                                      96,168,094.06                   0.00        24,451,704.72                71,716,389.34

  Increase In Net Assets                                                     80,468,307.15                                                            80,468,307.15

Net Assets, Beginning Balance From Prior Year                             1,135,805,956.73                                                          1,135,805,956.73

Cumulative Effect of Change In Accounting Principle                                    -

Net Assets, End of Year                                           $       1,216,274,263.88     $              -      $              -      $        1,216,274,263.88

                                                                                              08JVA101               08JVA103

   4/3/2011,4:05 AM                                   3d1e2f4c-5dd2-443d-a688-4001412992d9.xls,OUS SRE
                        OREGON UNIVERSITY SYSTEM
                        STATEMENT OF CASH FLOWS
                     FOR THE YEARS ENDED JUNE 30, 2007


                                                                                                          FY2009
                                                          FY2008 Presentation   Reclassify CO Student Reclassify Debt Svc           Adjust Noncash     FY2008 Presentation
                                                            June 30, 2007       Fees rec'd from OHSU        Approp                    Valuations         June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                         $    486,792,469.67 $            (144,910.56)                                                $      486,937,380.23
 Grants and Contracts                                          394,089,028.56                                                                                 394,089,028.56
 Sales and Service of Educational Activities                    66,281,436.43                                                                                  66,281,436.43
 Auxiliary Enterprise Activities                               272,661,171.83                                                                                 272,661,171.83
 Student Loan Collections                                       12,786,708.84                                                                                  12,786,708.84
 Payments to Employees for Salaries and Benefits            (1,138,162,675.42)                                                                             (1,138,162,675.42)
 Payments to Suppliers                                        (430,733,423.61)                                                                               (430,733,423.61)
 Student Financial Aid                                         (86,387,830.00)                                                                                (86,387,830.00)
 Student Loan Issuance and Costs                               (23,901,110.35)                                                                                (23,901,110.35)
 Other Operating Reciepts                                       12,610,335.96                                                                                  12,610,335.96
  Net Cash Used by Operating Activities                       (433,963,888.09)             (144,910.56)                 0.00                   0.00          (433,818,977.53)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                     424,413,989.37                                 (21,095,470.31)                                445,509,459.68
 Private Gifts Received for Endowment Purposes                         250.00                                                                                        250.00
 Other Gifts and Private Contracts                              98,297,590.91                                                                                 98,297,590.91
 Net Agency Payments                                            (3,460,636.06)                                                                                (3,460,636.06)
 Transfers to Other Funds                                               (0.00)                                                                                         0.00
  Net Cash Provided by Noncapital Financing Activities         519,251,194.22                     0.00        (21,095,470.31)                  0.00          540,346,664.53
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                         16,609,510.00                                                                                 16,609,510.00
 Debt Service Appropriations                                    21,095,470.31                                 21,095,470.31                                             -
 Capital Grants and Gifts                                       48,714,372.36                                                                                 48,714,372.36
 Capital Contributions                                                   0.00                                                                                          0.00
 Bond Proceeds on Capital Debt                                 294,053,877.97                                                                                294,053,877.97
 Sales of Capital Assets                                        33,375,892.39                                                                                 33,375,892.39
 Purchase of Capital Assets                                   (215,701,407.54)                                                                              (215,701,407.54)
 Interest Payments on Capital Debt                             (52,502,382.19)             144,910.56                                                        (52,647,292.75)
 Principal Payments on Capital Debt                            (72,983,814.29)                                                                               (72,983,814.29)
  Net Cash Provided by Capital and Related Debt Financing       72,661,519.01              144,910.56         21,095,470.31                    0.00           51,421,138.14
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                           10,506,150.76                                                         10,816,067.52             (309,916.76)
 Interest on Investments and Cash Balances                      25,569,762.12                                                        (10,816,067.52)          36,385,829.64
 Interest Income from Securities Lending                         6,195,496.58                                                                                  6,195,496.58
 Interest Expense from Securities Lending                       (6,195,496.58)                                                                                (6,195,496.58)
  Net Cash Provided by Investing Activites                      36,075,912.88                     0.00                  0.00                   0.00           36,075,912.88
NET INCREASE IN CASH AND CASH EQUIVALENTS                      194,024,738.02                     0.00                  0.00                   0.00          194,024,738.02
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                   621,924,154.26                                                                                621,924,154.26
CASH AND CASH EQUIVALENTS, END OF YEAR                    $    815,948,892.28 $                    -      $              -      $               -      $     815,948,892.28


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $   (505,575,426.40) $                (144,910.56) $                -      $               -      $    (505,430,515.84)
 Adjustments:
  Depreciation Expense                                     91,723,829.60                                                                                      91,723,829.60
  Change in Accounts Receivable                           (37,307,291.31)                                                                                    (37,307,291.31)
  Change in Notes Receivable                                  915,338.60                                                                                         915,338.60
  Change in Inventories                                       (91,934.31)                                                                                        (91,934.31)
  Change in Prepaid Expenses                               (5,045,093.54)                                                                                     (5,045,093.54)
  Change in Accounts Payable and Accrued Liabilities        4,906,685.04                                                                                       4,906,685.04
  Change in Long-Term Liabilities                           4,108,152.91                                                                                       4,108,152.91
  Change in Deposits                                            8,834.22                                                                                           8,834.22
  Change in Deferred Revenue                               12,393,017.10                                                                                      12,393,017.10
NET CASH USED BY OPERATING ACTIVITES                 $   (433,963,888.09) $                (144,910.56) $                -      $               -      $    (433,818,977.53)

                                                                                08JVA101                  08JVA103              08JVA104


        4/3/2011,4:05 AM                                       3d1e2f4c-5dd2-443d-a688-4001412992d9.xls,OUS SCF
                              EASTERN OREGON UNIVERSITY
                               STATEMENT OF NET ASSETS
                                     June 30, 2008



                                                           FY2009 Presentation                   FY2008 Presentation
                                                             June 30, 2008                         June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                                $        5,110,953.32              $           5,110,953.32
 Short-Term Investments                                                    0.00                                  0.00
 Collateral from Securities Lending                                        0.00                                  0.00
 Accounts Receivable, Net                                          3,634,074.64                          3,634,074.64
 Notes Receivable, Net                                               238,704.54                            238,704.54
 Inventories                                                         373,380.22                            373,380.22
 Prepaid Expenses                                                     31,541.13                             31,541.13
  Total Current Assets                                             9,388,653.85       0.00               9,388,653.85
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                            2,958,437.33                          2,958,437.33
 Long-term Investments - Restricted                                1,350,506.71                          1,350,506.71
 Notes Receivable, Net                                             1,696,552.74                          1,696,552.74
Due From Other OUS Funds and Entities                                120,850.40                            120,850.40
 Capital Assets, Net of Accumulated Depreciation                  55,727,939.90                         55,727,939.90
  Total Noncurrent Assets                                         61,854,287.08       0.00              61,854,287.08
 TOTAL ASSETS                                             $       71,242,940.93   $    -     $          71,242,940.93

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities                 $        1,329,180.22              $           1,329,180.22
 Deposits                                                            438,098.45                            438,098.45
 Obligations Under Securities Lending                                      0.00                                  0.00
 Current Portion of Long-Term Liabilities                          1,557,986.39                          1,557,986.39
 Deferred Revenue                                                  1,286,422.26                          1,286,422.26
  Total Current Liabilities                                        4,611,687.32       0.00               4,611,687.32
Noncurrent Liabilities
   Long-Term Liabilities                                          47,618,698.35                         47,618,698.35
   Due to Other OUS Funds and Entities                               120,850.40                            120,850.40
  Total Noncurrent Liabilities                                    47,739,548.75       0.00              47,739,548.75
 TOTAL LIABILITIES                                        $       52,351,236.07   $    -     $          52,351,236.07

NET ASSETS
 Invested in Capital Assets, Net of Related Debt          $        8,786,854.62              $           8,786,854.62
 Restricted For:
  Nonexpendable Endowments                                           554,188.03                            554,188.03
  Expendable Gifts, Grants, and Contracts                          1,121,308.84                          1,121,308.84
  Expendable Student Loans                                         2,013,054.86                          2,013,054.86
  Expendable Capital Projects                                      2,180,912.66                          2,180,912.66
  Expendable Debt Service                                             18,530.61                             18,530.61
                                                                   4,216,855.24                          4,216,855.24
 TOTAL NET ASSETS                                         $       18,891,704.86   $    -     $          18,891,704.86

                                                          G_TOT                                                  0.00
                        EASTERN OREGON UNIVESITY
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                   FY2009
                                                          FY2009 Presentation     Reclassify CO StudentReclassify Debt Svc       FY2008 Presentation
                                                            June 30, 2008         Fees rec'd from OHSU       Approp                June 30, 2008
Operating Revenues
 Student Tuition and Fees                             $          11,510,581.09                                               $          11,510,581.09
 Federal Grants and Contracts                                     5,669,921.25                                                           5,669,921.25
 State and Local Grants and Contracts                               930,449.32                                                             930,449.32
 Nongovernmental Grants and Contracts                                34,489.45                                                              34,489.45
 Educational Department Sales and Services                          205,582.14                                                             205,582.14
 Auxiliary Enterprise Revenues                                    6,005,571.00                                                           6,005,571.00
 Other Operating Revenues                                           618,938.07                                                             618,938.07
  Total Operating Revenues                                       24,975,532.32                   0.00                0.00               24,975,532.32
Operating Expenses
 Instruction                                                     14,951,772.56                                                          14,951,772.56
 Research                                                           404,745.01                                                             404,745.01
 Public Service                                                   1,822,190.05                                                           1,822,190.05
 Academic Support                                                 3,790,922.99                                                           3,790,922.99
 Student Services                                                 2,184,519.73                                                           2,184,519.73
 Auxiliary Programs                                               6,721,289.51                                                           6,721,289.51
 Operation and Maintenance of Plant                               3,165,242.66                                                           3,165,242.66
 Institutional Support                                            4,463,941.12                                                           4,463,941.12
 Student Aid                                                      2,595,796.60                                                           2,595,796.60
 Other Operating Expenses                                         2,303,412.26                                                           2,303,412.26
  Total Operating Expenses                                       42,403,832.49                   0.00                0.00               42,403,832.49
 Operating Loss                                                 (17,428,300.17)                  0.00                0.00              (17,428,300.17)
Nonoperating Revenues (Expenses)
 Government Appropriations                                       17,454,474.26                              (2,064,774.64)              19,519,248.90
 Investment Activity                                                 23,215.38                                                              23,215.38
 Interest Expense                                                (2,320,152.14)                                                         (2,320,152.14)
 Other Nonoperating Items                                           224,792.21                                                             224,792.21
  Net Nonoperating Revenues                                      15,382,329.71                   0.00       (2,064,774.64)              17,447,104.35
    and Losses                                                   (2,045,970.46)                  0.00       (2,064,774.64)                  18,804.18
 Capital and Debt Service Appropriations                          3,398,774.64                               2,064,774.64                1,334,000.00
 Capital Grants and Gifts                                                 0.00                                                                   0.00
 Capital Contributions                                                    0.00                                                                   0.00
 Additions to Permanent Endowments                                        0.00                                                                   0.00
 Transfers Within OUS                                               (11,215.31)                                                            (11,215.31)
  Total Other Revenues                                            3,387,559.33                   0.00        2,064,774.64                1,322,784.69

  Increase In Net Assets                                          1,341,588.87                   0.00                0.00                1,341,588.87

Net Assets, Beginning Balance From Prior Year                    17,550,115.99                                                          17,550,115.99

Cumulative Effect of Change In Accounting Principle                       0.00

Net Assets, End of Year                               $          18,891,704.86     $              -     $             -      $          18,891,704.86

                                                      G_TOT                       08JVA101              08JVA103
                      EASTERN OREGON UNIVERSITY
                       STATEMENT OF CASH FLOWS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                              FY2009
                                                         FY2009 Presentation Reclassify CO StudentReclassify Debt Svc FY2008 Presentation
                                                           June 30, 2008     Fees rec'd from OHSU       Approp          June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                          $     11,269,746.78                                           $    11,269,746.78
 Grants and Contracts                                             7,641,678.03                                                 7,641,678.03
 Sales and Service of Educational Activities                        216,139.50                                                   216,139.50
 Auxiliary Enterprise Activities                                  5,920,725.79                                                 5,920,725.79
 Student Loan Collections                                           264,458.02                                                   264,458.02
 Payments to Employees for Salaries and Benefits                (28,319,047.18)                                              (28,319,047.18)
 Payments to Suppliers                                           (8,766,890.60)                                               (8,766,890.60)
 Student Financial Aid                                           (2,658,623.12)                                               (2,658,623.12)
 Student Loan Issuance and Costs                                   (396,826.62)                                                 (396,826.62)
 Other Operating Reciepts                                           501,710.61                                                   501,710.61
   Net Cash Used by Operating Activities                        (14,326,928.79)              0.00                0.00        (14,326,928.79)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                      17,454,474.26                           (2,064,774.64)       19,519,248.90
 Private Gifts Received for Endowment Purposes                           0.00                                                         0.00
 Other Gifts and Private Contracts                                 272,477.67                                                   272,477.67
 Net Agency Payments                                                63,754.59                                                    63,754.59
 Transfers to Other Funds                                          516,981.10                                                   516,981.10
   Net Cash Provided by Noncapital Financing Activities         18,307,687.62                0.00       (2,064,774.64)       20,372,462.26
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                           1,334,000.00                                                 1,334,000.00
 Debt Service Appropriations                                      2,064,774.64                          2,064,774.64                   0.00
 Capital Grants and Gifts                                                 0.00                                                         0.00
 Capital Contributions                                                    0.00                                                         0.00
 Bond Proceeds on Capital Debt                                    1,868,607.37                                                 1,868,607.37
 Sales of Capital Assets                                            445,000.00                                                   445,000.00
 Purchase of Capital Assets                                        (903,482.19)                                                 (903,482.19)
 Interest Payments on Capital Debt                               (2,317,908.14)                                               (2,317,908.14)
 Principal Payments on Capital Debt                              (2,224,619.60)                                               (2,224,619.60)
   Net Cash Provided by Capital and Related Debt Financing          266,372.08               0.00       2,064,774.64          (1,798,402.56)
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                                    0.00                                                         0.00
 Interest on Investments and Cash Balances                         243,479.34                                                   243,479.34
 Interest Income from Securities Lending                                 0.00                                                         0.00
 Interest Expense from Securities Lending                                0.00                                                         0.00
   Net Cash Provided by Investing Activites                        243,479.34                0.00                0.00           243,479.34
NET INCREASE IN CASH AND CASH EQUIVALENTS                        4,490,610.25                0.00                0.00         4,490,610.25
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                     3,578,780.40                                                 3,578,780.40
CASH AND CASH EQUIVALENTS, END OF YEAR                     $     8,069,390.65     $           -     $             -      $    8,069,390.65


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $    (17,428,300.17) $                   -     $             -      $   (17,428,300.17)
 Adjustments:
  Depreciation Expense                                      2,958,715.34                                                       2,958,715.34
  Change in Accounts Receivable                               441,871.84                                                         441,871.84
  Change in Notes Receivable                                 (283,611.08)                                                       (283,611.08)
  Change in Inventories                                       (22,047.83)                                                        (22,047.83)
  Change in Prepaid Expenses                                   22,337.76                                                          22,337.76
  Change in Accounts Payable and Accrued Liabilities          (87,528.26)                                                        (87,528.26)
  Change in Long-Term Liabilities                              24,088.29                                                          24,088.29
  Change in Deposits                                          (25,104.46)                                                        (25,104.46)
  Change in Deferred Revenue                                   72,649.78                                                          72,649.78
NET CASH USED BY OPERATING ACTIVITES                 $    (14,326,928.79) $                   -     $             -      $   (14,326,928.79)

                                                        G_TOT                     08JVA101          08JVA103
                           OREGON INSTITUTE OF TECHNOLOGY
                              STATEMENT OF NET ASSETS
                                     June 30, 2008



                                                                FY2009 Presentation                   FY2008 Presentation
                                                                  June 30, 2008                         June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                                  $          11,724,830.97              $          11,724,830.97
 Short-Term Investments                                                         0.00                                  0.00
 Collateral from Securities Lending                                             0.00                                  0.00
 Accounts Receivable, Net                                               3,327,709.11                          3,327,709.11
 Notes Receivable, Net                                                    540,289.90                            540,289.90
 Inventories                                                              427,723.51                            427,723.51
 Prepaid Expenses                                                          19,467.04                             19,467.04
   Total Current Assets                                                16,040,020.53       0.00              16,040,020.53
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                                 3,012,471.94                          3,012,471.94
 Long-term Investments - Restricted                                       256,265.24                            256,265.24
 Notes Receivable, Net                                                  2,992,563.35                          2,992,563.35
Due From Other OUS Funds and Entities                                           0.00                                  0.00
 Capital Assets, Net of Accumulated Depreciation                       37,728,981.53                         37,728,981.53
   Total Noncurrent Assets                                             43,990,282.06       0.00              43,990,282.06
 TOTAL ASSETS                                               $          60,030,302.59   $    -     $          60,030,302.59

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities                   $           3,205,815.73              $           3,205,815.73
 Deposits                                                                 354,021.69                            354,021.69
 Obligations Under Securities Lending                                           0.00                                  0.00
 Current Portion of Long-Term Liabilities                               1,344,348.23                          1,344,348.23
 Deferred Revenue                                                       1,292,873.44                          1,292,873.44
  Total Current Liabilities                                             6,197,059.09       0.00               6,197,059.09
Noncurrent Liabilities
   Long-Term Liabilities                                               26,014,677.65                         26,014,677.65
   Due to Other OUS Funds and Entities                                    140,000.00                            140,000.00
  Total Noncurrent Liabilities                                         26,154,677.65       0.00              26,154,677.65
 TOTAL LIABILITIES                                          $          32,351,736.74   $    -     $          32,351,736.74

NET ASSETS
 Invested in Capital Assets, Net of Related Debt            $          13,026,000.85              $          13,026,000.85
 Restricted For:
  Nonexpendable Endowments                                                      0.00                                  0.00
   Expendable Gifts, Grants, and Contracts                                861,831.77                            861,831.77
   Expendable Student Loans                                             4,190,567.30                          4,190,567.30
   Expendable Capital Projects                                            261,261.77                            261,261.77
   Expendable Debt Service                                                 56,753.78                             56,753.78
                                                                        9,282,150.38                          9,282,150.38
 TOTAL NET ASSETS                                           $          27,678,565.85   $    -     $          27,678,565.85

                                                            H_TOT                                                     0.00
                     OREGON INSTITUTE OF TECHNOLOGY
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                   FY2009
                                                          FY2009 Presentation     Reclassify CO StudentReclassify Debt Svc       FY2008 Presentation
                                                            June 30, 2008         Fees rec'd from OHSU       Approp                June 30, 2008
Operating Revenues
 Student Tuition and Fees                             $          11,280,364.71                                               $          11,280,364.71
 Federal Grants and Contracts                                     7,127,049.71                                                           7,127,049.71
 State and Local Grants and Contracts                               387,384.90                                                             387,384.90
 Nongovernmental Grants and Contracts                               312,218.39                                                             312,218.39
 Educational Department Sales and Services                          238,012.55                                                             238,012.55
 Auxiliary Enterprise Revenues                                    6,520,284.95                                                           6,520,284.95
 Other Operating Revenues                                           423,158.64                                                             423,158.64
  Total Operating Revenues                                       26,288,473.85                   0.00                0.00               26,288,473.85
Operating Expenses
 Instruction                                                     19,349,942.31                                                          19,349,942.31
 Research                                                           111,218.37                                                             111,218.37
 Public Service                                                   3,249,075.99                                                           3,249,075.99
 Academic Support                                                 4,320,831.59                                                           4,320,831.59
 Student Services                                                 2,698,526.59                                                           2,698,526.59
 Auxiliary Programs                                               7,657,532.03                                                           7,657,532.03
 Operation and Maintenance of Plant                               2,529,375.29                                                           2,529,375.29
 Institutional Support                                            4,165,749.30                                                           4,165,749.30
 Student Aid                                                      2,479,396.36                                                           2,479,396.36
 Other Operating Expenses                                         3,001,632.34                                                           3,001,632.34
  Total Operating Expenses                                       49,563,280.17                   0.00                0.00               49,563,280.17
 Operating Loss                                                 (23,274,806.32)                  0.00                0.00              (23,274,806.32)
Nonoperating Revenues (Expenses)
 Government Appropriations                                       22,103,222.69                                (422,859.54)              22,526,082.23
 Investment Activity                                                184,532.79                                                             184,532.79
 Interest Expense                                                (1,341,534.85)                                                         (1,341,534.85)
 Other Nonoperating Items                                         1,288,936.11                                                           1,288,936.11
  Net Nonoperating Revenues                                      22,235,156.74                   0.00         (422,859.54)              22,658,016.28
    and Losses                                                   (1,039,649.58)                  0.00         (422,859.54)                (616,790.04)
 Capital and Debt Service Appropriations                            426,203.54                                 422,859.54                    3,344.00
 Capital Grants and Gifts                                         8,710,129.17                                                           8,710,129.17
 Capital Contributions                                                    0.00                                                                   0.00
 Additions to Permanent Endowments                                        0.00                                                                   0.00
 Transfers Within OUS                                               781,625.17                                                             781,625.17
  Total Other Revenues                                            9,917,957.88                   0.00         422,859.54                 9,495,098.34

  Increase In Net Assets                                          8,878,308.30                   0.00                0.00                8,878,308.30

Net Assets, Beginning Balance From Prior Year                    18,800,257.55                                                       18,800,257.55

Cumulative Effect of Change In Accounting Principle                       0.00

Net Assets, End of Year                               $          27,678,565.85     $              -     $             -      $          27,678,565.85

                                                      H_TOT                       08JVA101              08JVA103
                    OREGON INSTITUTE OF TECHNOLOGY
                       STATEMENT OF CASH FLOWS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                              FY2009
                                                         FY2009 Presentation Reclassify CO StudentReclassify Debt Svc FY2008 Presentation
                                                           June 30, 2008     Fees rec'd from OHSU       Approp          June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                          $     11,677,089.71                                          $    11,677,089.71
 Grants and Contracts                                             7,874,765.17                                                7,874,765.17
 Sales and Service of Educational Activities                        241,725.90                                                  241,725.90
 Auxiliary Enterprise Activities                                  6,493,176.27                                                6,493,176.27
 Student Loan Collections                                           697,686.99                                                  697,686.99
 Payments to Employees for Salaries and Benefits                (33,795,726.52)                                             (33,795,726.52)
 Payments to Suppliers                                          (13,488,923.74)                                             (13,488,923.74)
 Student Financial Aid                                           (2,303,829.19)                                              (2,303,829.19)
 Student Loan Issuance and Costs                                   (767,523.34)                                                (767,523.34)
 Other Operating Reciepts                                           433,286.63                                                  433,286.63
   Net Cash Used by Operating Activities                        (22,938,272.12)              0.00               0.00        (22,938,272.12)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                      22,103,222.69                            (422,859.54)       22,526,082.23
 Private Gifts Received for Endowment Purposes                            -                                                          0.00
 Other Gifts and Private Contracts                               1,622,025.79                                                1,622,025.79
 Net Agency Payments                                                 7,348.05                                                    7,348.05
 Transfers to Other Funds                                        1,952,902.34                                                1,952,902.34
   Net Cash Provided by Noncapital Financing Activities         25,685,498.87                0.00        (422,859.54)       26,108,358.41
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                               3,344.00                                                    3,344.00
 Debt Service Appropriations                                        422,859.54                            422,859.54                  0.00
 Capital Grants and Gifts                                         8,710,129.17                                                8,710,129.17
 Capital Contributions                                                     -                                                          0.00
 Bond Proceeds on Capital Debt                                    1,072,299.56                                                1,072,299.56
 Sales of Capital Assets                                          1,126,941.69                                                1,126,941.69
 Purchase of Capital Assets                                      (9,202,633.70)                                              (9,202,633.70)
 Interest Payments on Capital Debt                               (1,291,721.68)                                              (1,291,721.68)
 Principal Payments on Capital Debt                                (848,508.91)                                                (848,508.91)
   Net Cash Provided by Capital and Related Debt Financing           (7,290.33)              0.00         422,859.54           (430,149.87)
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                                    0.00                                                        0.00
 Interest on Investments and Cash Balances                         226,328.95                                                  226,328.95
 Interest Income from Securities Lending                                  -                                                          0.00
 Interest Expense from Securities Lending                                 -                                                          0.00
   Net Cash Provided by Investing Activites                        226,328.95                0.00               0.00           226,328.95
NET INCREASE IN CASH AND CASH EQUIVALENTS                        2,966,265.37                0.00               0.00         2,966,265.37
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                    11,771,037.54                                               11,771,037.54
CASH AND CASH EQUIVALENTS, END OF YEAR                     $    14,737,302.91     $           -     $            -      $   14,737,302.91


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $    (23,274,806.32) $                   -     $            -      $   (23,274,806.32)
 Adjustments:
  Depreciation Expense                                      1,995,305.52                                                      1,995,305.52
  Change in Accounts Receivable                               685,577.93                                                        685,577.93
  Change in Notes Receivable                                 (108,667.24)                                                      (108,667.24)
  Change in Inventories                                       (58,783.75)                                                       (58,783.75)
  Change in Prepaid Expenses                                    5,697.57                                                          5,697.57
  Change in Accounts Payable and Accrued Liabilities       (2,076,349.13)                                                    (2,076,349.13)
  Change in Long-Term Liabilities                            (213,146.85)                                                      (213,146.85)
  Change in Deposits                                             (500.00)                                                          (500.00)
  Change in Deferred Revenue                                  107,400.15                                                        107,400.15
NET CASH USED BY OPERATING ACTIVITES                 $    (22,938,272.12) $                   -     $            -      $   (22,938,272.12)

                                                        H_TOT                     08JVA101          08JVA103
                                OREGON STATE UNIVERSITY
                                STATEMENT OF NET ASSETS
                                      June 30, 2008



                                                           FY2009 Presentation                    FY2008 Presentation
                                                             June 30, 2008                          June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                                $       112,651,175.73              $        112,651,175.73
 Short-Term Investments                                                     0.00                                 0.00
 Collateral from Securities Lending                                         0.00                                 0.00
 Accounts Receivable, Net                                          71,107,114.93                        71,107,114.93
 Notes Receivable, Net                                              4,228,074.85                         4,228,074.85
 Inventories                                                        1,902,405.05                         1,902,405.05
 Prepaid Expenses                                                   2,616,027.96                         2,616,027.96
  Total Current Assets                                            192,504,798.52       0.00            192,504,798.52
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                            46,076,972.41                        46,076,972.41
 Long-term Investments - Restricted                                34,006,869.70                        34,006,869.70
 Notes Receivable, Net                                             27,568,673.49                        27,568,673.49
Due From Other OUS Funds and Entities                               4,037,766.00                         4,037,766.00
 Capital Assets, Net of Accumulated Depreciation                  527,711,420.03                       527,711,420.03
  Total Noncurrent Assets                                         639,401,701.63       0.00            639,401,701.63
 TOTAL ASSETS                                             $       831,906,500.15   $    -     $        831,906,500.15

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities                 $        27,360,893.03              $          27,360,893.03
 Deposits                                                           2,740,999.95                          2,740,999.95
 Obligations Under Securities Lending                                       0.00                                  0.00
 Current Portion of Long-Term Liabilities                          20,913,892.99                         20,913,892.99
 Deferred Revenue                                                  36,434,123.79                         36,434,123.79
  Total Current Liabilities                                        87,449,909.76       0.00              87,449,909.76
Noncurrent Liabilities
   Long-Term Liabilities                                          298,353,748.56                       298,353,748.56
   Due to Other OUS Funds and Entities                              4,037,766.00                         4,037,766.00
  Total Noncurrent Liabilities                                    302,391,514.56       0.00            302,391,514.56
 TOTAL LIABILITIES                                        $       389,841,424.32   $    -     $        389,841,424.32

NET ASSETS
 Invested in Capital Assets, Net of Related Debt          $       264,702,644.86              $        264,702,644.86
 Restricted For:
  Nonexpendable Endowments                                          4,182,491.22                         4,182,491.22
  Expendable Gifts, Grants, and Contracts                          46,180,467.55                        46,180,467.55
  Expendable Student Loans                                         33,272,137.08                        33,272,137.08
  Expendable Capital Projects                                      18,682,060.94                        18,682,060.94
  Expendable Debt Service                                           1,678,964.95                         1,678,964.95
                                                                   73,366,309.23                        73,366,309.23
 TOTAL NET ASSETS                                         $       442,065,075.83   $    -     $        442,065,075.83

                                                          C_TOT                                                   0.00
                        OREGON STATE UNIVERSITY
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                   FY2009
                                                          FY2009 Presentation     Reclassify CO Student Reclassify Debt Svc       FY2008 Presentation
                                                            June 30, 2008         Fees rec'd from OHSU        Approp                June 30, 2008
Operating Revenues
 Student Tuition and Fees                             $         125,709,741.03                                                $         125,709,741.03
 Federal Grants and Contracts                                   143,831,271.60                                                          143,831,271.60
 State and Local Grants and Contracts                            10,301,622.54                                                           10,301,622.54
 Nongovernmental Grants and Contracts                            16,675,513.48                                                           16,675,513.48
 Educational Department Sales and Services                       31,613,022.87                                                           31,613,022.87
 Auxiliary Enterprise Revenues                                   79,219,623.43                                                           79,219,623.43
 Other Operating Revenues                                         5,634,292.64                                                            5,634,292.64
  Total Operating Revenues                                      412,985,087.59                    0.00                0.00              412,985,087.59
Operating Expenses
 Instruction                                                    150,699,796.82                                                          150,699,796.82
 Research                                                       164,531,153.27                                                          164,531,153.27
 Public Service                                                  53,321,761.37                                                           53,321,761.37
 Academic Support                                                37,105,960.83                                                           37,105,960.83
 Student Services                                                18,198,440.48                                                           18,198,440.48
 Auxiliary Programs                                              96,928,562.43                                                           96,928,562.43
 Operation and Maintenance of Plant                              24,099,088.02                                                           24,099,088.02
 Institutional Support                                           37,612,481.12                                                           37,612,481.12
 Student Aid                                                     17,082,788.03                                                           17,082,788.03
 Other Operating Expenses                                        34,295,088.28                                                           34,295,088.28
  Total Operating Expenses                                      633,875,120.65                    0.00                0.00              633,875,120.65
 Operating Loss                                                (220,890,033.06)                   0.00                0.00             (220,890,033.06)
Nonoperating Revenues (Expenses)
 Government Appropriations                                      180,404,634.02                               (7,255,415.70)             187,660,049.72
 Investment Activity                                              2,280,038.23                                                            2,280,038.23
 Interest Expense                                               (15,995,696.91)                                                         (15,995,696.91)
 Other Nonoperating Items                                        45,168,142.99                                                           45,168,142.99
  Net Nonoperating Revenues                                     211,857,118.33                    0.00       (7,255,415.70)             219,112,534.03
    and Losses                                                   (9,032,914.73)                   0.00       (7,255,415.70)              (1,777,499.03)
 Capital and Debt Service Appropriations                         12,031,415.70                                7,255,415.70                4,776,000.00
 Capital Grants and Gifts                                        17,670,655.59                                                           17,670,655.59
 Capital Contributions                                                    0.00                                                                    0.00
 Additions to Permanent Endowments                                        0.00                                                                    0.00
 Transfers Within OUS                                            18,755,517.28                                                           18,755,517.28
  Total Other Revenues                                           48,457,588.57                    0.00        7,255,415.70               41,202,172.87

  Increase In Net Assets                                         39,424,673.84                    0.00                0.00               39,424,673.84

Net Assets, Beginning Balance From Prior Year                   402,640,401.99                                                          402,640,401.99

Cumulative Effect of Change In Accounting Principle                       0.00                                                                     -

Net Assets, End of Year                               $         442,065,075.83    $                -     $             -      $         442,065,075.83

                                                      C_TOT                       08JVA101               08JVA103
                        OREGON STATE UNIVERSITY
                       STATEMENT OF CASH FLOWS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                              FY2009
                                                         FY2009 Presentation Reclassify CO StudentReclassify Debt Svc FY2008 Presentation
                                                           June 30, 2008     Fees rec'd from OHSU       Approp          June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                          $  121,132,388.69                                           $    121,132,388.69
 Grants and Contracts                                         172,024,307.80                                                172,024,307.80
 Sales and Service of Educational Activities                   31,490,032.60                                                 31,490,032.60
 Auxiliary Enterprise Activities                               82,224,866.48                                                 82,224,866.48
 Student Loan Collections                                       4,409,409.12                                                  4,409,409.12
 Payments to Employees for Salaries and Benefits             (415,671,852.33)                                              (415,671,852.33)
 Payments to Suppliers                                       (171,587,421.00)                                              (171,587,421.00)
 Student Financial Aid                                        (26,789,888.40)                                               (26,789,888.40)
 Student Loan Issuance and Costs                               (8,813,824.73)                                                (8,813,824.73)
 Other Operating Reciepts                                       1,488,600.00                                                  1,488,600.00
   Net Cash Used by Operating Activities                     (210,093,381.77)              0.00                0.00        (210,093,381.77)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                    180,404,634.02                          (7,255,415.70)       187,660,049.72
 Private Gifts Received for Endowment Purposes                           -                                                           0.00
 Other Gifts and Private Contracts                             46,209,369.62                                                46,209,369.62
 Net Agency Payments                                             (666,858.60)                                                 (666,858.60)
 Transfers to Other Funds                                      11,989,485.82                                                11,989,485.82
   Net Cash Provided by Noncapital Financing Activities       237,936,630.86               0.00       (7,255,415.70)       245,192,046.56
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                         4,776,000.00                                                  4,776,000.00
 Debt Service Appropriations                                    7,255,415.70                           7,255,415.70                   0.00
 Capital Grants and Gifts                                      14,714,680.61                                                 14,714,680.61
 Capital Contributions                                                   -                                                            0.00
 Bond Proceeds on Capital Debt                                 40,700,460.35                                                 40,700,460.35
 Sales of Capital Assets                                        7,572,086.63                                                  7,572,086.63
 Purchase of Capital Assets                                   (68,373,274.72)                                               (68,373,274.72)
 Interest Payments on Capital Debt                             (7,245,353.34)                                                (7,245,353.34)
 Principal Payments on Capital Debt                           (16,576,170.56)                                               (16,576,170.56)
   Net Cash Provided by Capital and Related Debt Financing    (17,176,155.33)              0.00        7,255,415.70         (24,431,571.03)
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                                   0.00                                                         0.00
 Interest on Investments and Cash Balances                      8,040,661.88                                                 8,040,661.88
 Interest Income from Securities Lending                                 -                                                           0.00
 Interest Expense from Securities Lending                                -                                                           0.00
   Net Cash Provided by Investing Activites                     8,040,661.88               0.00                0.00          8,040,661.88
NET INCREASE IN CASH AND CASH EQUIVALENTS                      18,707,755.64               0.00                0.00         18,707,755.64
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                  140,020,392.50                                               140,020,392.50
CASH AND CASH EQUIVALENTS, END OF YEAR                     $  158,728,148.14 $               -    $             -      $   158,728,148.14


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $   (220,890,033.06) $                  -    $             -      $   (220,890,033.06)
 Adjustments:
  Depreciation Expense                                     35,848,453.92                                                     35,848,453.92
  Change in Accounts Receivable                           (13,761,313.38)                                                   (13,761,313.38)
  Change in Notes Receivable                               (3,765,649.40)                                                    (3,765,649.40)
  Change in Inventories                                      (180,573.60)                                                      (180,573.60)
  Change in Prepaid Expenses                                 (514,748.28)                                                      (514,748.28)
  Change in Accounts Payable and Accrued Liabilities       (9,044,484.62)                                                    (9,044,484.62)
  Change in Long-Term Liabilities                          (7,873,256.51)                                                    (7,873,256.51)
  Change in Deposits                                            6,530.53                                                          6,530.53
  Change in Deferred Revenue                               10,081,692.63                                                     10,081,692.63
NET CASH USED BY OPERATING ACTIVITES                 $   (210,093,381.77) $                  -    $             -      $   (210,093,381.77)

                                                        C_TOT                 08JVA101            08JVA103
                               PORTLAND STATE UNIVERSITY
                                STATEMENT OF NET ASSETS
                                      June 30, 2008



                                                            FY2009 Presentation                    FY2008 Presentation
                                                              June 30, 2008                          June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                                 $        28,763,555.72              $          28,763,555.72
 Short-Term Investments                                                      0.00                                  0.00
 Collateral from Securities Lending                                          0.00                                  0.00
 Accounts Receivable, Net                                           47,924,214.63                         47,924,214.63
 Notes Receivable, Net                                               1,010,137.64                          1,010,137.64
 Inventories                                                           485,361.87                            485,361.87
 Prepaid Expenses                                                    1,383,579.65                          1,383,579.65
  Total Current Assets                                              79,566,849.51       0.00              79,566,849.51
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                             41,355,776.82                        41,355,776.82
 Long-term Investments - Restricted                                  2,293,742.79                         2,293,742.79
 Notes Receivable, Net                                               7,906,203.26                         7,906,203.26
Due From Other OUS Funds and Entities                               17,205,365.00                        17,205,365.00
 Capital Assets, Net of Accumulated Depreciation                   278,247,346.24                       278,247,346.24
  Total Noncurrent Assets                                          347,008,434.11       0.00            347,008,434.11
 TOTAL ASSETS                                              $       426,575,283.62   $    -     $        426,575,283.62

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities                  $        21,251,648.34              $          21,251,648.34
 Deposits                                                            3,065,642.32                          3,065,642.32
 Obligations Under Securities Lending                                        0.00                                  0.00
 Current Portion of Long-Term Liabilities                            7,768,290.00                          7,768,290.00
 Deferred Revenue                                                   22,559,891.77                         22,559,891.77
  Total Current Liabilities                                         54,645,472.43       0.00              54,645,472.43
Noncurrent Liabilities
   Long-Term Liabilities                                           197,835,517.26                       197,835,517.26
   Due to Other OUS Funds and Entities                              17,357,705.47                        17,357,705.47
  Total Noncurrent Liabilities                                     215,193,222.73       0.00            215,193,222.73
 TOTAL LIABILITIES                                         $       269,838,695.16   $    -     $        269,838,695.16

NET ASSETS
 Invested in Capital Assets, Net of Related Debt           $        86,304,872.33              $          86,304,872.33
 Restricted For:
  Nonexpendable Endowments                                           1,285,195.20                         1,285,195.20
  Expendable Gifts, Grants, and Contracts                            2,509,062.03                         2,509,062.03
  Expendable Student Loans                                           9,701,908.64                         9,701,908.64
  Expendable Capital Projects                                       15,481,752.74                        15,481,752.74
  Expendable Debt Service                                              419,274.22                           419,274.22
                                                                    41,034,523.30                        41,034,523.30
 TOTAL NET ASSETS                                          $       156,736,588.46   $    -     $        156,736,588.46

                                                           D_TOT                                                   0.00
                       PORTLAND STATE UNIVERSITY
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                   FY2009
                                                          FY2009 Presentation     Reclassify CO Student Reclassify Debt Svc       FY2008 Presentation
                                                            June 30, 2008         Fees rec'd from OHSU        Approp                June 30, 2008
Operating Revenues
 Student Tuition and Fees                             $         126,632,559.94                                                $      126,632,559.94
 Federal Grants and Contracts                                    52,614,050.63                                                        52,614,050.63
 State and Local Grants and Contracts                            10,243,165.91                                                        10,243,165.91
 Nongovernmental Grants and Contracts                             8,487,174.16                                                         8,487,174.16
 Educational Department Sales and Services                        5,889,858.42                                                         5,889,858.42
 Auxiliary Enterprise Revenues                                   48,988,694.18                                                        48,988,694.18
 Other Operating Revenues                                         5,288,270.12                                                         5,288,270.12
  Total Operating Revenues                                      258,143,773.36                   0.00                 0.00           258,143,773.36
Operating Expenses
 Instruction                                                    125,608,605.96                                                       125,608,605.96
 Research                                                        28,908,544.98                                                        28,908,544.98
 Public Service                                                   7,989,321.37                                                         7,989,321.37
 Academic Support                                                25,008,149.73                                                        25,008,149.73
 Student Services                                                11,260,070.29                                                        11,260,070.29
 Auxiliary Programs                                              47,461,452.60                                                        47,461,452.60
 Operation and Maintenance of Plant                              20,858,524.29                                                        20,858,524.29
 Institutional Support                                           19,384,382.62                                                        19,384,382.62
 Student Aid                                                     18,474,690.49                                                        18,474,690.49
 Other Operating Expenses                                        18,117,277.79                                                        18,117,277.79
  Total Operating Expenses                                      323,071,020.12                   0.00                 0.00           323,071,020.12
 Operating Loss                                                 (64,927,246.76)                  0.00                 0.00           (64,927,246.76)
Nonoperating Revenues (Expenses)
 Government Appropriations                                       75,457,958.42                               (3,614,167.39)           79,072,125.81
 Investment Activity                                              1,096,731.59                                                         1,096,731.59
 Interest Expense                                                (9,743,238.26)                                                       (9,743,238.26)
 Other Nonoperating Items                                         3,411,532.34                                                         3,411,532.34
  Net Nonoperating Revenues                                      70,222,984.09                   0.00        (3,614,167.39)           73,837,151.48
    and Losses                                                    5,295,737.33                   0.00        (3,614,167.39)            8,909,904.72
 Capital and Debt Service Appropriations                         10,467,177.39                                3,614,167.39             6,853,010.00
 Capital Grants and Gifts                                         9,952,938.80                                                         9,952,938.80
 Capital Contributions                                                    0.00                                                                 0.00
 Additions to Permanent Endowments                                        0.00                                                                 0.00
 Transfers Within OUS                                            (3,150,376.75)                                                       (3,150,376.75)
  Total Other Revenues                                           17,269,739.44                   0.00         3,614,167.39            13,655,572.05

  Increase In Net Assets                                         22,565,476.77                   0.00                 0.00            22,565,476.77

Net Assets, Beginning Balance From Prior Year                   134,171,111.69                                                       134,171,111.69

Cumulative Effect of Change In Accounting Principle                       0.00                                                                     -

Net Assets, End of Year                               $         156,736,588.46     $              -     $              -      $         156,736,588.46

                                                      D_TOT                       08JVA101              08JVA103
                       PORTLAND STATE UNIVERSITY
                       STATEMENT OF CASH FLOWS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                              FY2009
                                                         FY2009 Presentation Reclassify CO StudentReclassify Debt Svc FY2008 Presentation
                                                           June 30, 2008     Fees rec'd from OHSU       Approp          June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                          $  126,213,484.42                                           $    126,213,484.42
 Grants and Contracts                                          71,210,985.60                                                 71,210,985.60
 Sales and Service of Educational Activities                    5,911,836.61                                                  5,911,836.61
 Auxiliary Enterprise Activities                               48,466,002.40                                                 48,466,002.40
 Student Loan Collections                                       1,414,706.76                                                  1,414,706.76
 Payments to Employees for Salaries and Benefits             (204,951,796.27)                                              (204,951,796.27)
 Payments to Suppliers                                        (77,403,079.93)                                               (77,403,079.93)
 Student Financial Aid                                        (19,506,446.22)                                               (19,506,446.22)
 Student Loan Issuance and Costs                               (2,372,649.72)                                                (2,372,649.72)
 Other Operating Reciepts                                       1,444,779.24                                                  1,444,779.24
   Net Cash Used by Operating Activities                      (49,572,177.11)              0.00                0.00         (49,572,177.11)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                     75,457,958.42                          (3,614,167.39)        79,072,125.81
 Private Gifts Received for Endowment Purposes                           -                                                           0.00
 Other Gifts and Private Contracts                              3,215,408.65                                                 3,215,408.65
 Net Agency Payments                                              (25,522.30)                                                  (25,522.30)
 Transfers to Other Funds                                       4,948,761.74                                                 4,948,761.74
   Net Cash Provided by Noncapital Financing Activities        83,596,606.51               0.00       (3,614,167.39)        87,210,773.90
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                         6,853,010.00                                                  6,853,010.00
 Debt Service Appropriations                                    3,614,167.39                           3,614,167.39                   0.00
 Capital Grants and Gifts                                       9,877,638.80                                                  9,877,638.80
 Capital Contributions                                                   -                                                            0.00
 Bond Proceeds on Capital Debt                                  2,655,310.64                                                  2,655,310.64
 Sales of Capital Assets                                        8,060,336.82                                                  8,060,336.82
 Purchase of Capital Assets                                   (43,432,143.56)                                               (43,432,143.56)
 Interest Payments on Capital Debt                             (7,804,580.55)                                                (7,804,580.55)
 Principal Payments on Capital Debt                            (6,793,649.98)                                                (6,793,649.98)
   Net Cash Provided by Capital and Related Debt Financing    (26,969,910.44)              0.00        3,614,167.39         (30,584,077.83)
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                                   0.00                                                         0.00
 Interest on Investments and Cash Balances                      1,470,834.65                                                 1,470,834.65
 Interest Income from Securities Lending                                 -                                                           0.00
 Interest Expense from Securities Lending                                -                                                           0.00
   Net Cash Provided by Investing Activites                     1,470,834.65               0.00                0.00          1,470,834.65
NET INCREASE IN CASH AND CASH EQUIVALENTS                       8,525,353.61               0.00                0.00          8,525,353.61
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                   61,593,978.93                                                61,593,978.93
CASH AND CASH EQUIVALENTS, END OF YEAR                     $   70,119,332.54 $               -    $             -      $    70,119,332.54


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $    (64,927,246.76) $                  -    $             -      $    (64,927,246.76)
 Adjustments:
  Depreciation Expense                                     14,975,513.16                                                     14,975,513.16
  Change in Accounts Receivable                            (6,766,059.86)                                                    (6,766,059.86)
  Change in Notes Receivable                                  304,124.86                                                        304,124.86
  Change in Inventories                                       (91,123.42)                                                       (91,123.42)
  Change in Prepaid Expenses                                 (565,050.00)                                                      (565,050.00)
  Change in Accounts Payable and Accrued Liabilities        3,545,348.17                                                      3,545,348.17
  Change in Long-Term Liabilities                           1,870,120.51                                                      1,870,120.51
  Change in Deposits                                           25,161.35                                                         25,161.35
  Change in Deferred Revenue                                2,057,034.88                                                      2,057,034.88
NET CASH USED BY OPERATING ACTIVITES                 $    (49,572,177.11) $                  -    $             -      $    (49,572,177.11)

                                                        D_TOT                 08JVA101            08JVA103
                             SOUTHERN OREGON UNIVERSITY
                               STATEMENT OF NET ASSETS
                                     June 30, 2008



                                                           FY2009 Presentation                    FY2008 Presentation
                                                             June 30, 2008                          June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                                $        11,485,116.61              $          11,485,116.61
 Short-Term Investments                                                     0.00                                  0.00
 Collateral from Securities Lending                                         0.00                                  0.00
 Accounts Receivable, Net                                           5,822,133.29                          5,822,133.29
 Notes Receivable, Net                                                531,326.64                            531,326.64
 Inventories                                                          711,616.96                            711,616.96
 Prepaid Expenses                                                      69,923.78                             69,923.78
  Total Current Assets                                             18,620,117.28       0.00              18,620,117.28
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                             5,400,611.86                         5,400,611.86
 Long-term Investments - Restricted                                 2,143,023.06                         2,143,023.06
 Notes Receivable, Net                                              3,671,361.34                         3,671,361.34
Due From Other OUS Funds and Entities                                 635,453.08                           635,453.08
 Capital Assets, Net of Accumulated Depreciation                   82,300,434.26                        82,300,434.26
  Total Noncurrent Assets                                          94,150,883.60       0.00             94,150,883.60
 TOTAL ASSETS                                             $       112,771,000.88   $    -     $        112,771,000.88

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities                 $         2,730,456.96              $           2,730,456.96
 Deposits                                                             609,806.64                            609,806.64
 Obligations Under Securities Lending                                       0.00                                  0.00
 Current Portion of Long-Term Liabilities                           2,400,707.89                          2,400,707.89
 Deferred Revenue                                                   2,250,463.71                          2,250,463.71
  Total Current Liabilities                                         7,991,435.20       0.00               7,991,435.20
Noncurrent Liabilities
   Long-Term Liabilities                                           61,168,152.91                         61,168,152.91
   Due to Other OUS Funds and Entities                                735,000.00                            735,000.00
  Total Noncurrent Liabilities                                     61,903,152.91       0.00              61,903,152.91
 TOTAL LIABILITIES                                        $        69,894,588.11   $    -     $          69,894,588.11

NET ASSETS
 Invested in Capital Assets, Net of Related Debt          $        24,570,144.59              $          24,570,144.59
 Restricted For:
  Nonexpendable Endowments                                          1,812,144.69                          1,812,144.69
  Expendable Gifts, Grants, and Contracts                           1,046,478.54                          1,046,478.54
  Expendable Student Loans                                          4,818,682.88                          4,818,682.88
  Expendable Capital Projects                                       3,778,936.46                          3,778,936.46
  Expendable Debt Service                                              91,836.16                             91,836.16
                                                                    6,758,189.45                          6,758,189.45
 TOTAL NET ASSETS                                         $        42,876,412.77   $    -     $          42,876,412.77

                                                          F_TOT                                                   0.00
                      SOUTHERN OREGON UNIVERSITY
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                   FY2009
                                                          FY2009 Presentation     Reclassify CO StudentReclassify Debt Svc       FY2008 Presentation
                                                            June 30, 2008         Fees rec'd from OHSU       Approp                June 30, 2008
Operating Revenues
 Student Tuition and Fees                             $          20,477,929.97                                               $          20,477,929.97
 Federal Grants and Contracts                                     7,352,474.10                                                           7,352,474.10
 State and Local Grants and Contracts                             1,569,360.79                                                           1,569,360.79
 Nongovernmental Grants and Contracts                             1,527,188.50                                                           1,527,188.50
 Educational Department Sales and Services                        3,661,210.29                                                           3,661,210.29
 Auxiliary Enterprise Revenues                                   17,893,425.91                                                          17,893,425.91
 Other Operating Revenues                                         1,081,345.82                                                           1,081,345.82
  Total Operating Revenues                                       53,562,935.38                   0.00                0.00               53,562,935.38
Operating Expenses
 Instruction                                                     26,072,717.49                                                          26,072,717.49
 Research                                                           714,370.04                                                             714,370.04
 Public Service                                                   3,641,573.79                                                           3,641,573.79
 Academic Support                                                 6,257,214.67                                                           6,257,214.67
 Student Services                                                 4,484,337.81                                                           4,484,337.81
 Auxiliary Programs                                              18,343,469.69                                                          18,343,469.69
 Operation and Maintenance of Plant                               4,091,102.46                                                           4,091,102.46
 Institutional Support                                            4,504,530.32                                                           4,504,530.32
 Student Aid                                                      3,999,070.50                                                           3,999,070.50
 Other Operating Expenses                                         4,503,443.04                                                           4,503,443.04
  Total Operating Expenses                                       76,611,829.81                   0.00                0.00               76,611,829.81
 Operating Loss                                                 (23,048,894.43)                  0.00                0.00              (23,048,894.43)
Nonoperating Revenues (Expenses)
 Government Appropriations                                       19,214,006.88                              (2,599,709.58)              21,813,716.46
 Investment Activity                                                 59,374.47                                                              59,374.47
 Interest Expense                                                (2,993,869.83)                                                         (2,993,869.83)
 Other Nonoperating Items                                         2,714,426.66                                                           2,714,426.66
  Net Nonoperating Revenues                                      18,993,938.18                   0.00       (2,599,709.58)              21,593,647.76
    and Losses                                                   (4,054,956.25)                  0.00       (2,599,709.58)              (1,455,246.67)
 Capital and Debt Service Appropriations                          2,599,709.58                               2,599,709.58                        0.00
 Capital Grants and Gifts                                         3,794,976.24                                                           3,794,976.24
 Capital Contributions                                                    0.00                                                                   0.00
 Additions to Permanent Endowments                                        0.00                                                                   0.00
 Transfers Within OUS                                             1,322,724.51                                                           1,322,724.51
  Total Other Revenues                                            7,717,410.33                   0.00        2,599,709.58                5,117,700.75

  Increase In Net Assets                                          3,662,454.08                   0.00                0.00                3,662,454.08

Net Assets, Beginning Balance From Prior Year                    39,213,958.69                                                       39,213,958.69

Cumulative Effect of Change In Accounting Principle                       0.00                                                                    -

Net Assets, End of Year                               $          42,876,412.77     $              -     $             -      $          42,876,412.77

                                                      F_TOT                       08JVA101              08JVA103
                      SOUTHERN OREGON UNIVERSITY
                       STATEMENT OF CASH FLOWS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                              FY2009
                                                         FY2009 Presentation Reclassify CO StudentReclassify Debt Svc FY2008 Presentation
                                                           June 30, 2008     Fees rec'd from OHSU       Approp          June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                          $     19,842,747.31                                           $    19,842,747.31
 Grants and Contracts                                            10,872,881.71                                                10,872,881.71
 Sales and Service of Educational Activities                      3,660,243.79                                                 3,660,243.79
 Auxiliary Enterprise Activities                                 17,612,580.87                                                17,612,580.87
 Student Loan Collections                                           825,502.95                                                   825,502.95
 Payments to Employees for Salaries and Benefits                (47,522,975.96)                                              (47,522,975.96)
 Payments to Suppliers                                          (21,447,571.44)                                              (21,447,571.44)
 Student Financial Aid                                           (4,349,837.28)                                               (4,349,837.28)
 Student Loan Issuance and Costs                                   (872,073.19)                                                 (872,073.19)
 Other Operating Reciepts                                           947,708.95                                                   947,708.95
   Net Cash Used by Operating Activities                        (20,430,792.29)              0.00                0.00        (20,430,792.29)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                      19,214,006.88                           (2,599,709.58)       21,813,716.46
 Private Gifts Received for Endowment Purposes                            -                                                           0.00
 Other Gifts and Private Contracts                               3,520,414.77                                                 3,520,414.77
 Net Agency Payments                                              (243,956.91)                                                 (243,956.91)
 Transfers to Other Funds                                        1,269,947.33                                                 1,269,947.33
   Net Cash Provided by Noncapital Financing Activities         23,760,412.07                0.00       (2,599,709.58)       26,360,121.65
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                                   0.00                                                         0.00
 Debt Service Appropriations                                      2,599,709.58                          2,599,709.58                   0.00
 Capital Grants and Gifts                                         2,805,775.24                                                 2,805,775.24
 Capital Contributions                                                     -                                                           0.00
 Bond Proceeds on Capital Debt                                    6,154,955.77                                                 6,154,955.77
 Sales of Capital Assets                                            163,459.10                                                   163,459.10
 Purchase of Capital Assets                                      (7,947,915.80)                                               (7,947,915.80)
 Interest Payments on Capital Debt                               (3,001,969.83)                                               (3,001,969.83)
 Principal Payments on Capital Debt                              (2,420,402.13)                                               (2,420,402.13)
   Net Cash Provided by Capital and Related Debt Financing       (1,646,388.07)              0.00       2,599,709.58          (4,246,097.65)
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                                    0.00                                                         0.00
 Interest on Investments and Cash Balances                         408,887.22                                                   408,887.22
 Interest Income from Securities Lending                                  -                                                           0.00
 Interest Expense from Securities Lending                                 -                                                           0.00
   Net Cash Provided by Investing Activites                        408,887.22                0.00                0.00           408,887.22
NET INCREASE IN CASH AND CASH EQUIVALENTS                        2,092,118.93                0.00                0.00         2,092,118.93
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                    14,793,609.54                                                14,793,609.54
CASH AND CASH EQUIVALENTS, END OF YEAR                     $    16,885,728.47     $           -     $             -      $   16,885,728.47


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $    (23,048,894.43) $                   -     $             -      $   (23,048,894.43)
 Adjustments:
  Depreciation Expense                                      3,710,138.24                                                       3,710,138.24
  Change in Accounts Receivable                            (1,050,011.45)                                                     (1,050,011.45)
  Change in Notes Receivable                                  (54,558.30)                                                        (54,558.30)
  Change in Inventories                                       (84,298.96)                                                        (84,298.96)
  Change in Prepaid Expenses                                   33,133.62                                                          33,133.62
  Change in Accounts Payable and Accrued Liabilities         (826,652.87)                                                       (826,652.87)
  Change in Long-Term Liabilities                             407,356.07                                                         407,356.07
  Change in Deposits                                            5,490.00                                                           5,490.00
  Change in Deferred Revenue                                  477,505.79                                                         477,505.79
NET CASH USED BY OPERATING ACTIVITES                 $    (20,430,792.29) $                   -     $             -      $   (20,430,792.29)

                                                        F_TOT                     08JVA101          08JVA103
                                 UNIVERSITY OF OREGON
                                STATEMENT OF NET ASSETS
                                      June 30, 2008



                                                           FY2009 Presentation                    FY2008 Presentation
                                                             June 30, 2008                          June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                                $        91,712,982.33              $         91,712,982.33
 Short-Term Investments                                                     0.00                                 0.00
 Collateral from Securities Lending                                         0.00                                 0.00
 Accounts Receivable, Net                                          45,373,845.20                        45,373,845.20
 Notes Receivable, Net                                              2,804,648.58                         2,804,648.58
 Inventories                                                        1,854,965.88                         1,854,965.88
 Prepaid Expenses                                                   3,070,602.26                         3,070,602.26
  Total Current Assets                                            144,817,044.25       0.00            144,817,044.25
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                           248,933,072.30                       248,933,072.30
 Long-term Investments - Restricted                                27,134,743.40                        27,134,743.40
 Notes Receivable, Net                                             22,528,293.68                        22,528,293.68
Due From Other OUS Funds and Entities                               4,216,498.35                         4,216,498.35
 Capital Assets, Net of Accumulated Depreciation                  517,803,898.53                       517,803,898.53
  Total Noncurrent Assets                                         820,616,506.26       0.00            820,616,506.26
 TOTAL ASSETS                                             $       965,433,550.51   $    -     $        965,433,550.51

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities                 $        26,358,009.88              $          26,358,009.88
 Deposits                                                           5,285,102.32                          5,285,102.32
 Obligations Under Securities Lending                                       0.00                                  0.00
 Current Portion of Long-Term Liabilities                          12,126,479.33                         12,126,479.33
 Deferred Revenue                                                  28,229,545.77                         28,229,545.77
  Total Current Liabilities                                        71,999,137.30       0.00              71,999,137.30
Noncurrent Liabilities
   Long-Term Liabilities                                          465,242,363.52                       465,242,363.52
   Due to Other OUS Funds and Entities                              4,299,386.85                         4,299,386.85
  Total Noncurrent Liabilities                                    469,541,750.37       0.00            469,541,750.37
 TOTAL LIABILITIES                                        $       541,540,887.67   $    -     $        541,540,887.67

NET ASSETS
 Invested in Capital Assets, Net of Related Debt          $       255,264,687.67              $        255,264,687.67
 Restricted For:
  Nonexpendable Endowments                                          7,387,625.62                         7,387,625.62
  Expendable Gifts, Grants, and Contracts                          47,844,929.58                        47,844,929.58
  Expendable Student Loans                                         25,830,462.75                        25,830,462.75
  Expendable Capital Projects                                      42,168,532.49                        42,168,532.49
  Expendable Debt Service                                           9,907,074.53                         9,907,074.53
                                                                   35,489,350.20                        35,489,350.20
 TOTAL NET ASSETS                                         $       423,892,662.84   $    -     $        423,892,662.84

                                                          B_TOT                                                   0.00
                          UNIVERISTY OF OREGON
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                   FY2009
                                                          FY2009 Presentation     Reclassify CO StudentReclassify Debt Svc       FY2008 Presentation
                                                            June 30, 2008         Fees rec'd from OHSU       Approp                June 30, 2008
Operating Revenues
 Student Tuition and Fees                             $         178,793,633.34                                               $         178,793,633.34
 Federal Grants and Contracts                                    96,245,206.48                                                          96,245,206.48
 State and Local Grants and Contracts                             7,646,968.28                                                           7,646,968.28
 Nongovernmental Grants and Contracts                             9,458,079.85                                                           9,458,079.85
 Educational Department Sales and Services                       21,511,438.92                                                          21,511,438.92
 Auxiliary Enterprise Revenues                                   96,312,312.61                                                          96,312,312.61
 Other Operating Revenues                                         5,308,528.36                                                           5,308,528.36
  Total Operating Revenues                                      415,276,167.84                   0.00                0.00              415,276,167.84
Operating Expenses
 Instruction                                                    167,288,004.41                                                         167,288,004.41
 Research                                                        66,545,307.32                                                          66,545,307.32
 Public Service                                                  30,463,644.50                                                          30,463,644.50
 Academic Support                                                36,619,966.06                                                          36,619,966.06
 Student Services                                                22,080,688.30                                                          22,080,688.30
 Auxiliary Programs                                             111,987,396.12                                                         111,987,396.12
 Operation and Maintenance of Plant                              21,242,549.76                                                          21,242,549.76
 Institutional Support                                           44,371,953.29                                                          44,371,953.29
 Student Aid                                                     11,722,544.33                                                          11,722,544.33
 Other Operating Expenses                                        27,696,112.81                                                          27,696,112.81
  Total Operating Expenses                                      540,018,166.90                   0.00                0.00              540,018,166.90
 Operating Loss                                                (124,741,999.06)                  0.00                0.00             (124,741,999.06)
Nonoperating Revenues (Expenses)
 Government Appropriations                                       75,422,625.97                              (4,703,998.31)              80,126,624.28
 Investment Activity                                              3,167,885.32                                                           3,167,885.32
 Interest Expense                                               (13,676,571.01)                                                        (13,676,571.01)
 Other Nonoperating Items                                        44,435,632.56                                                          44,435,632.56
  Net Nonoperating Revenues                                     109,349,572.84                   0.00       (4,703,998.31)             114,053,571.15
    and Losses                                                  (15,392,426.22)                  0.00       (4,703,998.31)             (10,688,427.91)
 Capital and Debt Service Appropriations                          5,685,486.24                               4,703,998.31                  981,487.93
 Capital Grants and Gifts                                        14,389,754.64                                                          14,389,754.64
 Capital Contributions                                                    0.00                                                                   0.00
 Additions to Permanent Endowments                                      250.00                                                                 250.00
 Transfers Within OUS                                            (4,036,409.97)                                                         (4,036,409.97)
  Total Other Revenues                                           16,039,080.91                   0.00        4,703,998.31               11,335,082.60

  Increase In Net Assets                                            646,654.69                   0.00                0.00                  646,654.69

Net Assets, Beginning Balance From Prior Year                   423,246,008.15                                                         423,246,008.15

Cumulative Effect of Change In Accounting Principle                       0.00                                                                    -

Net Assets, End of Year                               $         423,892,662.84     $              -     $             -      $         423,892,662.84

                                                      B_TOT                       08JVA101              08JVA103
                         UNIVERSITY OF OREGON
                       STATEMENT OF CASH FLOWS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                              FY2009
                                                         FY2009 Presentation Reclassify CO StudentReclassify Debt Svc FY2008 Presentation
                                                           June 30, 2008     Fees rec'd from OHSU       Approp          June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                          $  176,741,910.60                                           $    176,741,910.60
 Grants and Contracts                                         109,174,180.50                                                109,174,180.50
 Sales and Service of Educational Activities                   21,453,244.59                                                 21,453,244.59
 Auxiliary Enterprise Activities                               96,831,243.50                                                 96,831,243.50
 Student Loan Collections                                       4,589,112.71                                                  4,589,112.71
 Payments to Employees for Salaries and Benefits             (350,861,212.35)                                              (350,861,212.35)
 Payments to Suppliers                                       (134,594,912.70)                                              (134,594,912.70)
 Student Financial Aid                                        (24,371,228.36)                                               (24,371,228.36)
 Student Loan Issuance and Costs                               (8,060,627.81)                                                (8,060,627.81)
 Other Operating Reciepts                                       2,337,934.93                                                  2,337,934.93
   Net Cash Used by Operating Activities                     (106,760,354.39)              0.00                0.00        (106,760,354.39)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                     75,422,625.97                          (4,703,998.31)        80,126,624.28
 Private Gifts Received for Endowment Purposes                        250.00                                                       250.00
 Other Gifts and Private Contracts                             43,279,557.20                                                43,279,557.20
 Net Agency Payments                                             (839,789.94)                                                 (839,789.94)
 Transfers to Other Funds                                      (2,674,800.70)                                               (2,674,800.70)
   Net Cash Provided by Noncapital Financing Activities       115,187,842.53               0.00       (4,703,998.31)       119,891,840.84
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                           981,487.93                                                   981,487.93
 Debt Service Appropriations                                    4,703,998.31                           4,703,998.31                  0.00
 Capital Grants and Gifts                                      12,035,904.64                                                12,035,904.64
 Capital Contributions                                                   -                                                           0.00
 Bond Proceeds on Capital Debt                                209,195,763.17                                               209,195,763.17
 Sales of Capital Assets                                        3,434,315.64                                                 3,434,315.64
 Purchase of Capital Assets                                   (79,471,855.83)                                              (79,471,855.83)
 Interest Payments on Capital Debt                            (11,861,807.85)                                              (11,861,807.85)
 Principal Payments on Capital Debt                            (7,698,421.36)                                               (7,698,421.36)
   Net Cash Provided by Capital and Related Debt Financing    131,319,384.65               0.00        4,703,998.31        126,615,386.34
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                              (4,181.49)                                                   (4,181.49)
 Interest on Investments and Cash Balances                      7,583,839.96                                                 7,583,839.96
 Interest Income from Securities Lending                                 -                                                           0.00
 Interest Expense from Securities Lending                                -                                                           0.00
   Net Cash Provided by Investing Activites                     7,579,658.47               0.00                0.00          7,579,658.47
NET INCREASE IN CASH AND CASH EQUIVALENTS                     147,326,531.26               0.00                0.00        147,326,531.26
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                  193,319,523.37                                               193,319,523.37
CASH AND CASH EQUIVALENTS, END OF YEAR                     $  340,646,054.63 $               -    $             -      $   340,646,054.63


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $   (124,741,999.06) $                  -    $             -      $   (124,741,999.06)
 Adjustments:
  Depreciation Expense                                     28,686,975.47                                                     28,686,975.47
  Change in Accounts Receivable                           (18,246,162.59)                                                   (18,246,162.59)
  Change in Notes Receivable                                4,711,369.51                                                      4,711,369.51
  Change in Inventories                                       102,403.01                                                        102,403.01
  Change in Prepaid Expenses                               (1,249,143.97)                                                    (1,249,143.97)
  Change in Accounts Payable and Accrued Liabilities        6,427,301.17                                                      6,427,301.17
  Change in Long-Term Liabilities                          (4,522,642.14)                                                    (4,522,642.14)
  Change in Deposits                                           (2,435.20)                                                        (2,435.20)
  Change in Deferred Revenue                                2,073,979.41                                                      2,073,979.41
NET CASH USED BY OPERATING ACTIVITES                 $   (106,760,354.39) $                  -    $             -      $   (106,760,354.39)

                                                        B_TOT                 08JVA101            08JVA103
                              WESTERN OREGON UNIVERSITY
                               STATEMENT OF NET ASSETS
                                     June 30, 2008



                                                           FY2009 Presentation                   FY2008 Presentation
                                                             June 30, 2008                         June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                                $       17,025,997.90              $          17,025,997.90
 Short-Term Investments                                                    0.00                                  0.00
 Collateral from Securities Lending                                        0.00                                  0.00
 Accounts Receivable, Net                                          5,969,183.18                          5,969,183.18
 Notes Receivable, Net                                               251,455.10                            251,455.10
 Inventories                                                         930,457.27                            930,457.27
 Prepaid Expenses                                                    187,476.75                            187,476.75
  Total Current Assets                                            24,364,570.20       0.00              24,364,570.20
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                            5,958,123.22                          5,958,123.22
 Long-term Investments - Restricted                                   66,846.86                             66,846.86
 Notes Receivable, Net                                             3,620,965.83                          3,620,965.83
Due From Other OUS Funds and Entities                                 48,968.00                             48,968.00
 Capital Assets, Net of Accumulated Depreciation                  49,249,630.05                         49,249,630.05
  Total Noncurrent Assets                                         58,944,533.96       0.00              58,944,533.96
 TOTAL ASSETS                                             $       83,309,104.16   $    -     $          83,309,104.16

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities                 $        4,827,447.94              $           4,827,447.94
 Deposits                                                            783,189.10                            783,189.10
 Obligations Under Securities Lending                                      0.00                                  0.00
 Current Portion of Long-Term Liabilities                          1,299,297.00                          1,299,297.00
 Deferred Revenue                                                  1,545,217.34                          1,545,217.34
  Total Current Liabilities                                        8,455,151.38       0.00               8,455,151.38
Noncurrent Liabilities
   Long-Term Liabilities                                          41,984,571.63                         41,984,571.63
   Due to Other OUS Funds and Entities                                61,718.00                             61,718.00
  Total Noncurrent Liabilities                                    42,046,289.63       0.00              42,046,289.63
 TOTAL LIABILITIES                                        $       50,501,441.01   $    -     $          50,501,441.01

NET ASSETS
 Invested in Capital Assets, Net of Related Debt          $       10,715,399.02              $          10,715,399.02
 Restricted For:
  Nonexpendable Endowments                                             2,353.00                              2,353.00
  Expendable Gifts, Grants, and Contracts                          1,040,824.39                          1,040,824.39
  Expendable Student Loans                                         5,653,758.88                          5,653,758.88
  Expendable Capital Projects                                      3,205,001.57                          3,205,001.57
  Expendable Debt Service                                            109,643.31                            109,643.31
                                                                  12,080,682.98                         12,080,682.98
 TOTAL NET ASSETS                                         $       32,807,663.15   $    -     $          32,807,663.15

                                                          E_TOT                                                  0.00
                       WESTERN OREGON UNIVERSITY
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                   FY2009
                                                          FY2009 Presentation     Reclassify CO StudentReclassify Debt Svc       FY2008 Presentation
                                                            June 30, 2008         Fees rec'd from OHSU       Approp                June 30, 2008
Operating Revenues
 Student Tuition and Fees                             $          21,607,373.83                                               $          21,607,373.83
 Federal Grants and Contracts                                    13,090,115.89                                                          13,090,115.89
 State and Local Grants and Contracts                             3,166,526.41                                                           3,166,526.41
 Nongovernmental Grants and Contracts                               589,777.14                                                             589,777.14
 Educational Department Sales and Services                        3,298,033.42                                                           3,298,033.42
 Auxiliary Enterprise Revenues                                   15,548,722.07                                                          15,548,722.07
 Other Operating Revenues                                         3,357,163.25                                                           3,357,163.25
  Total Operating Revenues                                       60,657,712.01                   0.00                0.00               60,657,712.01
Operating Expenses
 Instruction                                                     24,440,703.81                                                          24,440,703.81
 Research                                                         7,115,306.17                                                           7,115,306.17
 Public Service                                                     474,575.33                                                             474,575.33
 Academic Support                                                 5,666,696.90                                                           5,666,696.90
 Student Services                                                 4,663,492.50                                                           4,663,492.50
 Auxiliary Programs                                              17,893,798.56                                                          17,893,798.56
 Operation and Maintenance of Plant                               3,985,027.28                                                           3,985,027.28
 Institutional Support                                            4,982,676.56                                                           4,982,676.56
 Student Aid                                                      4,234,121.06                                                           4,234,121.06
 Other Operating Expenses                                         6,660,692.58                                                           6,660,692.58
  Total Operating Expenses                                       80,117,090.75                   0.00                0.00               80,117,090.75
 Operating Loss                                                 (19,459,378.74)                  0.00                0.00              (19,459,378.74)
Nonoperating Revenues (Expenses)
 Government Appropriations                                       19,643,355.11                                (923,213.73)              20,566,568.84
 Investment Activity                                                349,342.06                                                             349,342.06
 Interest Expense                                                (2,215,631.83)                                                         (2,215,631.83)
 Other Nonoperating Items                                          (216,445.08)                                                           (216,445.08)
  Net Nonoperating Revenues                                      17,560,620.26                   0.00         (923,213.73)              18,483,833.99
    and Losses                                                   (1,898,758.48)                  0.00         (923,213.73)                (975,544.75)
 Capital and Debt Service Appropriations                          3,907,713.73                                 923,213.73                2,984,500.00
 Capital Grants and Gifts                                           588,174.90                                                             588,174.90
 Capital Contributions                                                    0.00                                                                   0.00
 Additions to Permanent Endowments                                        0.00                                                                   0.00
 Transfers Within OUS                                               504,641.61                                                             504,641.61
  Total Other Revenues                                            5,000,530.24                   0.00         923,213.73                 4,077,316.51

  Increase In Net Assets                                          3,101,771.76                   0.00                0.00                3,101,771.76

Net Assets, Beginning Balance From Prior Year                    29,705,891.39                                                          29,705,891.39

Cumulative Effect of Change In Accounting Principle                       0.00                                                                    -

Net Assets, End of Year                               $          32,807,663.15     $              -     $             -      $          32,807,663.15

                                                      E_TOT                       08JVA101              08JVA103
                      WESTERN OREGON UNIVERSITY
                       STATEMENT OF CASH FLOWS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                              FY2009
                                                         FY2009 Presentation Reclassify CO StudentReclassify Debt Svc FY2008 Presentation
                                                           June 30, 2008     Fees rec'd from OHSU       Approp          June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                          $     20,786,088.60                                          $    20,786,088.60
 Grants and Contracts                                            17,128,366.99                                               17,128,366.99
 Sales and Service of Educational Activities                      3,285,221.22                                                3,285,221.22
 Auxiliary Enterprise Activities                                 15,249,495.20                                               15,249,495.20
 Student Loan Collections                                           591,415.28                                                  591,415.28
 Payments to Employees for Salaries and Benefits                (47,874,930.10)                                             (47,874,930.10)
 Payments to Suppliers                                          (20,114,802.33)                                             (20,114,802.33)
 Student Financial Aid                                           (5,145,347.03)                                              (5,145,347.03)
 Student Loan Issuance and Costs                                 (2,617,584.94)                                              (2,617,584.94)
 Other Operating Reciepts                                         3,058,940.81                                                3,058,940.81
   Net Cash Used by Operating Activities                        (15,653,136.30)              0.00               0.00        (15,653,136.30)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                      19,643,355.11                            (923,213.73)       20,566,568.84
 Private Gifts Received for Endowment Purposes                            -                                                          0.00
 Other Gifts and Private Contracts                                  89,772.21                                                   89,772.21
 Net Agency Payments                                              (345,947.58)                                                (345,947.58)
 Transfers to Other Funds                                        1,551,995.51                                                1,551,995.51
   Net Cash Provided by Noncapital Financing Activities         20,939,175.25                0.00        (923,213.73)       21,862,388.98
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                           2,984,500.00                                                2,984,500.00
 Debt Service Appropriations                                        923,213.73                            923,213.73                  0.00
 Capital Grants and Gifts                                           570,243.90                                                  570,243.90
 Capital Contributions                                                     -                                                          0.00
 Bond Proceeds on Capital Debt                                      952,087.30                                                  952,087.30
 Sales of Capital Assets                                          1,105,935.90                                                1,105,935.90
 Purchase of Capital Assets                                      (6,344,936.92)                                              (6,344,936.92)
 Interest Payments on Capital Debt                               (2,215,631.83)                                              (2,215,631.83)
 Principal Payments on Capital Debt                              (1,387,279.01)                                              (1,387,279.01)
   Net Cash Provided by Capital and Related Debt Financing       (3,411,866.93)              0.00         923,213.73         (4,335,080.66)
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                                    0.00                                                        0.00
 Interest on Investments and Cash Balances                         360,244.59                                                  360,244.59
 Interest Income from Securities Lending                                  -                                                          0.00
 Interest Expense from Securities Lending                                 -                                                          0.00
   Net Cash Provided by Investing Activites                        360,244.59                0.00               0.00           360,244.59
NET INCREASE IN CASH AND CASH EQUIVALENTS                        2,234,416.61                0.00               0.00         2,234,416.61
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                    20,749,704.51                                               20,749,704.51
CASH AND CASH EQUIVALENTS, END OF YEAR                     $    22,984,121.12     $           -     $            -      $   22,984,121.12


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $    (19,459,378.74) $                   -     $            -      $   (19,459,378.74)
 Adjustments:
  Depreciation Expense                                      3,408,330.37                                                      3,408,330.37
  Change in Accounts Receivable                             1,327,761.41                                                      1,327,761.41
  Change in Notes Receivable                                  112,330.25                                                        112,330.25
  Change in Inventories                                       242,490.24                                                        242,490.24
  Change in Prepaid Expenses                                 (157,930.48)                                                      (157,930.48)
  Change in Accounts Payable and Accrued Liabilities        1,093,461.38                                                      1,093,461.38
  Change in Long-Term Liabilities                             (37,686.20)                                                       (37,686.20)
  Change in Deposits                                             (308.00)                                                          (308.00)
  Change in Deferred Revenue                               (2,182,206.53)                                                    (2,182,206.53)
NET CASH USED BY OPERATING ACTIVITES                 $    (15,653,136.30) $                   -     $            -      $   (15,653,136.30)

                                                        E_TOT                     08JVA101          08JVA103
                             CHANCELLOR'S OFFICE
                           STATEMENT OF NET ASSETS
                                 June 30, 2008



                                                      FY2009 Presentation                     FY2008 Presentation
                                                        June 30, 2008                           June 30, 2008
ASSETS
Current Assets
 Cash and Cash Equivalents                           $        76,859,830.81               $         76,859,830.81
 Short-Term Investments                                                0.00                                  0.00
 Collateral from Securities Lending                          414,901,143.22                        414,901,143.22
 Accounts Receivable, Net                                      7,108,236.46                          7,108,236.46
 Notes Receivable, Net                                         4,214,937.51                          4,214,937.51
 Inventories                                                           0.00                                  0.00
 Prepaid Expenses                                              9,202,818.67                          9,202,818.67
  Total Current Assets                                       512,286,966.67        0.00            512,286,966.67
Noncurrent Assets
 Cash and Cash Equivalents - Restricted                      106,918,983.01                        106,918,983.01
 Long-term Investments - Restricted                           14,477,111.41                         14,477,111.41
 Notes Receivable, Net                                        27,393,094.78                         27,393,094.78
Due From Other OUS Funds and Entities                          4,071,875.59                          4,071,875.59
 Capital Assets, Net of Accumulated Depreciation                  23,893.11                             23,893.11
  Total Noncurrent Assets                                    152,884,957.90        0.00            152,884,957.90
 TOTAL ASSETS                                        $       665,171,924.57    $    -     $        665,171,924.57

LIABILITIES
Current Liabilities
 Accounts Payable and Accrued Liabilities            $        32,088,649.28               $         32,088,649.28
 Deposits                                                       (131,293.20)                          (131,293.20)
 Obligations Under Securities Lending                        414,901,143.22                        414,901,143.22
 Current Portion of Long-Term Liabilities                     41,347,428.70                         41,347,428.70
 Deferred Revenue                                              1,100,202.79                          1,100,202.79
  Total Current Liabilities                                  489,306,130.79        0.00            489,306,130.79
Noncurrent Liabilities
   Long-Term Liabilities                                     100,955,853.96                        100,955,853.96
   Due to Other OUS Funds and Entities                         3,584,349.70                          3,584,349.70
  Total Noncurrent Liabilities                               104,540,203.66        0.00            104,540,203.66
 TOTAL LIABILITIES                                   $       593,846,334.45    $    -     $        593,846,334.45

NET ASSETS
 Invested in Capital Assets, Net of Related Debt     $       (31,744,475.68)              $         (31,744,475.68)
 Restricted For:
  Nonexpendable Endowments                                     2,108,969.52                           2,108,969.52
  Expendable Gifts, Grants, and Contracts                      1,867,583.72                           1,867,583.72
  Expendable Student Loans                                         6,833.10                               6,833.10
  Expendable Capital Projects                                 20,241,753.49                          20,241,753.49
  Expendable Debt Service                                     70,032,411.31                          70,032,411.31
                                                               8,812,514.66                           8,812,514.66
 TOTAL NET ASSETS                                    $        71,325,590.12    $    -     $          71,325,590.12

                                                     K_TOT                                                    0.00
                          CHANCELLOR'S OFFICE
        STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET ASSETS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                                   FY2009
                                                          FY2009 Presentation     Reclassify CO StudentReclassify Debt Svc        FY2008 Presentation
                                                            June 30, 2008         Fees rec'd from OHSU       Approp                 June 30, 2008
Operating Revenues
 Student Tuition and Fees                             $                (252.00) $         (144,910.56)                        $             144,658.56
 Federal Grants and Contracts                                     2,296,940.56                                                            2,296,940.56
 State and Local Grants and Contracts                               230,199.66                                                              230,199.66
 Nongovernmental Grants and Contracts                                95,500.00                                                               95,500.00
 Educational Department Sales and Services                           22,992.22                                                               22,992.22
 Auxiliary Enterprise Revenues                                      179,116.27                                                              179,116.27
 Other Operating Revenues                                         2,397,374.79                                                            2,397,374.79
  Total Operating Revenues                                        5,221,871.50            (144,910.56)                0.00                5,366,782.06
Operating Expenses
 Instruction                                                      1,617,574.26                                                            1,617,574.26
 Research                                                                 0.00                                                                    0.00
 Public Service                                                   2,618,898.13                                                            2,618,898.13
 Academic Support                                                    73,114.23                                                               73,114.23
 Student Services                                                         0.00                                                                    0.00
 Auxiliary Programs                                                 362,175.64                                                              362,175.64
 Operation and Maintenance of Plant                                       0.00                                                                    0.00
 Institutional Support                                           13,784,219.27                                                           13,784,219.27
 Student Aid                                                            297.00                                                                  297.00
 Other Operating Expenses                                        (1,429,639.17)                                                          (1,429,639.17)
  Total Operating Expenses                                       17,026,639.36                   0.00                 0.00               17,026,639.36
 Operating Loss                                                 (11,804,767.86)           (144,910.56)                0.00              (11,659,857.30)
Nonoperating Revenues (Expenses)
 Government Appropriations                                       14,419,504.02                               (2,867,565.83)              17,287,069.85
 Investment Activity                                              9,819,329.72                                                            9,819,329.72
 Interest Expense                                                (4,640,189.31)           144,910.56                                     (4,785,099.87)
 Other Nonoperating Items                                         4,675,274.91                                                            4,675,274.91
  Net Nonoperating Revenues                                      24,273,919.34            144,910.56         (2,867,565.83)              26,996,574.61
    and Losses                                                   12,469,151.48                  0.00         (2,867,565.83)              15,336,717.31
 Capital and Debt Service Appropriations                          2,544,733.90                                2,867,565.83                 (322,831.93)
 Capital Grants and Gifts                                                 0.00                                                                    0.00
 Capital Contributions                                                    0.00                                                                    0.00
 Additions to Permanent Endowments                                        0.00                                                                    0.00
 Transfers Within OUS                                           (14,166,506.54)                                                         (14,166,506.54)
  Total Other Revenues                                          (11,621,772.64)                  0.00         2,867,565.83              (14,489,338.47)

  Increase In Net Assets                                            847,378.84                   0.00                 0.00                  847,378.84

Net Assets, Beginning Balance From Prior Year                    70,478,211.28                                                           70,478,211.28

Cumulative Effect of Change In Accounting Principle                       0.00                                                                     -

Net Assets, End of Year                               $          71,325,590.12     $              -      $             -      $          71,325,590.12

                                                      K_TOT                       08JVA101               08JVA103
                          CHANCELLOR'S OFFICE
                       STATEMENT OF CASH FLOWS
                    FOR THE YEARS ENDED JUNE 30, 2008


                                                                                              FY2009
                                                         FY2009 Presentation Reclassify CO StudentReclassify Debt Svc FY2008 Presentation
                                                           June 30, 2008     Fees rec'd from OHSU       Approp          June 30, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
 Tuition and Fees                                          $       (870,986.44) $      (144,910.56)                           (726,075.88)
 Grants and Contracts                                             3,580,998.38                                               3,580,998.38
 Sales and Service of Educational Activities                         22,992.22                                                  22,992.22
 Auxiliary Enterprise Activities                                   (136,918.68)                                               (136,918.68)
 Student Loan Collections                                            (5,582.99)                                                 (5,582.99)
 Payments to Employees for Salaries and Benefits                 (9,165,134.71)                                             (9,165,134.71)
 Payments to Suppliers                                           11,251,042.51                                              11,251,042.51
 Student Financial Aid                                           (1,262,630.40)                                             (1,262,630.40)
 Student Loan Issuance and Costs                                           -                                                         0.00
 Other Operating Reciepts                                         2,397,374.79                                               2,397,374.79
   Net Cash Used by Operating Activities                          5,811,154.68         (144,910.56)               0.00       5,956,065.24
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITES
 Government Appropriations                                      $14,713,712.02                              488,668.58      14,225,043.44
 Private Gifts Received for Endowment Purposes                             -                                                         0.00
 Other Gifts and Private Contracts                                   88,565.00                                                  88,565.00
 Net Agency Payments                                             (1,409,663.37)                                             (1,409,663.37)
 Transfers to Other Funds                                       (19,555,303.58)                                            (19,555,303.58)
   Net Cash Provided by Noncapital Financing Activities          (6,162,689.93)               0.00          488,668.58      (6,651,358.51)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
 Capital Appropriations                                           ($322,831.93)                                               (322,831.93)
 Debt Service Appropriations                                      ($488,668.58)                            (488,668.58)              0.00
 Capital Grants and Gifts                                                  -                                                         0.00
 Capital Contributions                                                     -                                                         0.00
 Bond Proceeds on Capital Debt                                   31,454,393.81                                              31,454,393.81
 Sales of Capital Assets                                         11,467,816.61                                              11,467,816.61
 Purchase of Capital Assets                                         (25,134.38)                                                (25,134.38)
 Interest Payments on Capital Debt                              (16,763,408.97)         144,910.56                         (16,908,319.53)
 Principal Payments on Capital Debt                             (35,034,762.74)                                            (35,034,762.74)
   Net Cash Provided by Capital and Related Debt Financing       (9,712,596.18)         144,910.56         (488,668.58)     (9,368,838.16)
CASH FLOWS FROM INVESTING ACTIVITIES
 Sales of Investments                                           $19,024,511.44                                              19,024,511.44
 Interest on Investments and Cash Balances                       (1,278,693.66)                                             (1,278,693.66)
 Interest Income from Securities Lending                                   -                                                         0.00
 Interest Expense from Securities Lending                                  -                                                         0.00
   Net Cash Provided by Investing Activites                      17,745,817.78                0.00                0.00      17,745,817.78
NET INCREASE IN CASH AND CASH EQUIVALENTS                         7,681,686.35                0.00                0.00       7,681,686.35
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                    176,097,127.47                                             176,097,127.47
CASH AND CASH EQUIVALENTS, END OF YEAR                     $    183,778,813.82 $               -      $            -       183,778,813.82


RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES
 Operating Loss                                      $    (11,804,767.86) $            (144,910.56) $              -       (11,659,857.30)
 Adjustments:
  Depreciation Expense                                        140,397.58                                                       140,397.58
  Change in Accounts Receivable                                61,044.79                                                        61,044.79
  Change in Notes Receivable                                         -                                                               0.00
  Change in Inventories                                              -                                                               0.00
  Change in Prepaid Expenses                               (2,619,389.76)                                                   (2,619,389.76)
  Change in Accounts Payable and Accrued Liabilities        5,875,589.20                                                     5,875,589.20
  Change in Long-Term Liabilities                          14,453,319.74                                                    14,453,319.74
  Change in Deposits                                                 -                                                               0.00
  Change in Deferred Revenue                                 (295,039.01)                                                     (295,039.01)
NET CASH USED BY OPERATING ACTIVITES                 $      5,811,154.68 $             (144,910.56) $              -         5,956,065.24

                                                        K_TOT                     08JVA101            08JVA103

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:0
posted:4/3/2011
language:English
pages:27