15-12.Comparison of Public and Private Universities. (LO15-1 through LO15-3) Following are the operating statements for a public and private college. The operating statements have been adapted from the annual reports of a public and a private university. As would be expected, the reports are somewhat different. Catherine College is over 150 years old and has a student enrollment of 5,000. Midland State College is relatively new at 50 years of age and has a student enrollment of 6,704. CATHERINE COLLEGE Statements of Activities Years Ended June 30, 2020 and 2019 Revenue Tuition and fees Less Allowances and scholarships Tuition waivers Net student tution and fees 34.145.296 2020 2019 Without Donor With Donor Restrictions Restrictions Total Without Donor With Donor Restrictions Restrictions Total $102.917.430 $ $102.917.430 $100.467.638 1 -$100.467,638 34,145,296 31.188.166 1.883.642 1.883.642 1,827 471 31.188.166 1.827471 66,888,492 66.888.492 67.452001 67.452.001 Government grants 105.266 2.136.597 2,241.863 Contributions 2270.381 6.750.203 9,020,584 98.313 1.786.013 2021517 9.815.527 2.119.830 11.601540 Investment income, net 899.119 2.724026 3,623.145 Sale of educational activities 320.949 201,480 522.429 802.668 465.399 2.182.743 2.985.411 354.475 819.874 Change in value of spit- interest agreements Other sources 1.298.818 565.221 (1.082.715) 565.221 (423.075) (423,075) 216.103 1,333,078 (086,172) 346,906 Audary enterprises 8.536.763 8.536.763 8.010,408 8.010.408 Not assets released from restrictions Total revenues 7873.344 7873,344) 88.193.132 3.421.468 6.897.955 (6.897.955) 91,614,600 86.845.835 6.067.060 92.912.895 Expenses Instruction 33,037,790 Academic support 14.328.597 33,037.790 14.328.597 34.102.230 15.588.271 34.102.230 15.588.271 Research Public service 178.717 1,429,026 178,717 1,429,026 Student services 13.775.201 13.775.201 189.643 1.6538801 13,092.600 189643 1,653,880 13.092600 Institutional support Auxiliary enterprises Total expenses Change in net assets Net assets-beginning of year Net assets-end of year 14.114.290 14.114.290 12.966.389 12.966.389 11.329,426 11.329 426 9.533062 9.533062 89.193.047 88,193,047 87.126.075 87.126.075 85 3,421,468 53219.881 91.461.254 3.421.553 144.681.135 (280 240) 6,067,060 5.786.820 53.500.121 85.394.194 138.894.315 $ 53.219.966 $94.882.722 $148,102,688 $ 53.219.881 $91.461.254 $144.681.135