PDF Cornell University 2016-2017 Financial Report

2016-2017 Financial Report

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Cornell University 2016-2017 Financial Report

CONTENTS

Highlights

3

Message from the Executive Vice President and Chief Financial Officer

4

Financial Review by the University Controller

5

Report of Independent Auditors

8

Notes to the Consolidated Financial Statements

13

University Administration

40

Board of Trustees and Trustees At Large

41

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The audited Financial Report is available online at: 2

CORNELL UNIVERSITY HIGHLIGHTS

Fall enrollment (excluding in absentia) Undergraduate Graduate Professional Total fall enrollment

Degrees granted Baccalaureate degrees Masters degrees Ph.D. degrees Other doctoral degrees (J.D., M.D., D.V.M.) Total degrees granted

Tuition rates Endowed Ithaca Contract Colleges Resident Nonresident Medical Campus Business Law Veterinary Medicine

Volumes in library (in thousands)

Academic workforce Full-time employees Faculty Nonfaculty Part-time employees Faculty Nonfaculty Total academic workforce

Nonacademic workforce Full-time employees Part-time employees Total nonacademic workforce

University Endowment Market value of total university endowment (in millions) Unit value of Long Term Investment Pool

Gifts received, excluding pledges (in millions)

New York State appropriations through SUNY (in millions)

Medical Physician Organization fees (in millions)

Sponsored research volume (in millions) Direct expenditures Indirect-cost recovery

Selected land, buildings, and equipment items & related debt (in millions) Additions to land, buildings, and equipment Cost of land, buildings, and equipment Outstanding bonds, mortgages, notes payable and capital leases

* Certain prior-year amounts have been reclassified to conform to the current year presentation.

2016-17

14,566 5,965 2,857

23,388

2015-16

14,315 5,879 2,746

22,940

2014-15

14,453 5,757 2,663

22,873

3,646 2,792

555 403 7,396

3,758 2,598

555 386 7,297

3,674 2,502

555 374 7,105

$ 50,712

$ 33,968 $ 50,712 $ 52,500 $ 61,584 $ 61,400 $ 33,732

8,184

$ 48,880

$ 32,740 $ 48,880 $ 50,950 $ 59,532 $ 59,950 $ 32,750

8,087

$ 47,060

$ 30,910 $ 47,050 $ 49,500 $ 58,192 $ 59,360 $ 31,800

8,046

3,964 881

299 153 5,297

3,842 882

285 192 5,201

3,705 888

281 145 5,019

11,225 611

11,836

10,866 575

11,441

10,475 579

11,054

$ 6,516.4 $ 55.51 $ 535.9 $ 132.0 $ 1,050.4

$ 5,757.7 $ 52.32 $ 512.0 $ 131.5 $ 982.4 *

$ 6,037.5 $ 57.31 $ 540.3 $ 131.4 $ 927.6

$ 493.4 $ 131.5

$ 496.3 $ 138.0

$ 497.4 $ 138.6

$ 545.0 $ 7,613.6 $ 1,356.7

$ 471.4 $ 7,115.0 $ 1,519.5 *

$ 335.8 * $ 6,662.0 $ 1,542.8

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