Lawrence University of Wisconsin
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| Operating Revenues | |||
| Tuition and fees (net of discounts of $14,166,879 and
$12,602,985 for 2003 and 2002, respectively) |
$22,469,601
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$21,238,215
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| Auxiliary enterprises |
1,842,232
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1,631,061
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| Investment return designated for current operations |
9,500,000
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9,770,004
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| Government grants |
575,883
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509,558
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| Contribution revenue |
4,797,125*
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22,613,116
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| Other income |
461,120
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634,887
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| Total operating revenues and net assets
released from restrictions |
$39,645,961
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$56,396,841
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| Operating Expenses | |||
| Instruction |
$13,201,040
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$12,499,468
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| Research |
585,638
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1,048,104
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| Academic support |
3,151,861
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3,310,950
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| Student services |
4,139,665
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3,949,577
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| Institutional administration |
7,288,846
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6,898,192
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| Physical plant operations |
5,199,967
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5,445,652
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| Student financial aid |
91,822
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155,514
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| Auxiliary enterprises expense |
4,661,297
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4,374,821
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| Interest expense |
1,848,798
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1,833,977
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| Depreciation |
5,206,428
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4,925,890
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| Total operating expenses |
$45,375,362
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$44,442,145
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| Non-Operating Items | |||
| Investment return in excess of amounts designated
for current operations |
($8,497,914)
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($25,463,585)
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| Change in value of split interest agreements |
(280,009)
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(323,549)
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| Other non-operating items, net |
(518,743)
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(18,538)
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| Contributions for long-term purposes |
8,968,725*
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0
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$232,077
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($25,805,672)
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| Change in Net Assets |
($5,497,324)
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($13,850,976)
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| Net assets, beginning of year |
194,417,854
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(208,268,830)
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| Net assets, end of year |
$188,920,530
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$194,417,854
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