The Johns Hopkins University | Financial Report 2001

		Unrestricted Net Assets	Temporarily Restricted Net Assets	Permanently Restricted Net Assets	Total
Operating revenues:
	Tuition and fees, net	$ 210,452	–	–	210,452
	Grants, contracts and similar agreements	1,190,958	–	–	1,190,958
	Clinical services	194,538	–	–	194,538
	Reimbursements from affiliated institutions	132,497	–	–	132,497
	Contributions	51,393	172,234	–	223,627
	Investment income	109,846	–	–	109,846
	Maryland State aid	17,680	–	–	17,680
	Sales and services of auxiliary enterprises	42,703	–	–	42,703
	Other	56,404	–	–	56,404
	Net assets released from restrictions	51,441	(51,441)	–	–
	Total operating revenues	2,057,912	120,793	–	2,178,705
Operating expenses:
	Compensation and benefits	1,159,727	–	–	1,159,727
	Contractual services	418,104	–	–	418,104
	Supplies, materials and other	241,475	–	–	241,475
	Depreciation of property and equipment	70,790	–	–	70,790
	Travel	46,328	–	–	46,328
	Interest	28,408	–	–	28,408
	Total operating expenses	1,964,832	–	–	1,964,832

Excess (deficiency) of operating revenues over expenses		93,080	120,793	–	213,873
Nonoperating revenues, gains and losses:
	Contributions	–	23,461	59,352	82,813
	Investment income	(131,033)	(502)	(5,024)	(136,559)
	Loss on disposals of property and equipment	(2,368)	–	–	(2,368)
	Net assets released from restrictions	27,595	(27,595)	–	–
	Loss on extinguishment of debt	(585)	–	–	(585)
	Other	(4,871)	2,145	(1,856)	(4,582)
	Nonoperating revenues, gains and losses, net	(111,262)	(2,491)	52,472	(61,281)

Increase (decrease) in net assets		(18,182)	118,302	52,472	152,592
Net assets at beginning of year		1,846,706	224,572	730,165	2,801,443

Net assets at end of year		$1,828,524	342,874	782,637	2,954,035

See accompanying notes to financial statements.

		Unrestricted Net Assets	Temporarily Restricted Net Assets	Permanently Restricted Net Assets	Total
Operating revenues:
	Tuition and fees, net	$ 199,808	–	–	199,808
	Grants, contracts and similar agreements	1,057,513	–	–	1,057,513
	Clinical services	187,271	–	–	187,271
	Reimbursements from affiliated institutions	123,433	–	–	123,433
	Contributions	66,487	23,638	–	90,125
	Investment income	91,558	–	–	91,558
	Maryland State aid	15,477	–	–	15,477
	Sales and services of auxiliary enterprises	44,724	–	–	44,724
	Other	71,290	–	–	71,290
	Net assets released from restrictions	25,756	(25,756)	–	–
	Total operating revenues	1,883,317	(2,118)	–	1,881,199
Operating expenses:
	Compensation and benefits	1,051,929	–	–	1,051,929
	Contractual services	377,908	–	–	377,908
	Supplies, materials and other	222,407	–	–	222,407
	Depreciation of property and equipment	75,254	–	–	75,254
	Travel	40,896	–	–	40,896
	Interest	25,773	–	–	25,773
	Total operating expenses	1,794,167	–	–	1,794,167

Excess (deficiency) of operating revenues over expenses		89,150	(2,118)	–	87,032
Nonoperating revenues, gains and losses:
	Contributions	–	33,528	82,124	115,652
	Investment income	164,361	733	7,031	172,125
	Loss on disposals of property and equipment	(3,292)	–	–	(3,292)
	Net assets released from restrictions	36,600	(36,600)	–	–
	Other	(3,211)	(2,744)	3,658	(2,297)
	Nonoperating revenues, gains and losses, net	194,458	(5,083)	92,813	282,188

Increase (decrease) in net assets		283,608	(7,201)	92,813	369,220
Net assets at beginning of year		1,563,098	231,773	637,352	2,432,223

Net assets at end of year		$1,846,706	224,572	730,165	2,801,443

See accompanying notes to financial statements.

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