1. FY15 Financial Results By Dr. Marilyn Fowle’ November 12, 2015

2. Net Income

3. Income Sources

4. Payroll Expenses

5. Expenses Other Than Payroll

6. Financial Assets

7. Physical Assets (Other than Buildings and Infrastructure)

8. Buildings and Infrastructure

9. Current Liabilities

10. Non-current Liabilities

11. Assets and Liabilities

12. Net Position

13. Summary Increasing reliance on funding from students via tuition, fees, sales and services Gift income is highly variable Expenses growing fastest for benefits, scholarships and depreciation Some unusual occurrences increased assets the last two years (unrealized gains, large software donation, insurance proceeds, bonding for new buildings and new pension liability) Continue to invest in capital assets in order to preserve asset base and cover depreciation Overall, good financial position