FINANCIALS
FINANCIALS During the past several years, the academy has achieved a stable
financial position and steady growth of net assets with very low, long-term
debt. With careful planning, balanced budgets have been achieved. These
graphics il ustrate the academy's FY2016 revenues and expenditures, and net
position for FY2013 - FY2016. The academy's main revenue sources are tuition,
fees, and room and board charges (63%), and State appropriations (22%). While
enrollment continues to be strong and most students receive some financial aid,
annual costs of attendance and student financial need continue to grow.
Revenues (Operating/Nonoperating/Other) from FY16
Student Tuition & Fees
Federal Grants, Contracts & Appropriations
Auxiliary Enterprises
State Appropriations
Gifts & Pledges
Other Non-operating Revenue
Expenses (Operating and Nonoperating) from FY16
Instruction & Academic Support
Student Services
Institutional Support
Auxiliary Enterprises
Operation and Maintenance of Plant
THE FIRST
ACADEMIC
BUILDING TO BE
Net Position FY2013 to FY2016
CONSTRUCTED
ON CAMPUS IN
70,000,000
30 YEARS, THE
ABS CENTER FOR
60,000,000
ENGINEERING,
SCIENCE, AND
50,000,000
RESEARCH WAS
40,000,000
COMPLETED IN
2015. SHOWN:
30,000,000
ONE OF THREE
20,000,000
INSTALLATIONS IN
THE BUILDING BY
10,000,000
MAINE ARTISTS.
0
FY13
FY14
FY15
FY16
21

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