Cornell University 2017-2018 Financial Report

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Cornell University 2017-2018 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

10

Notes to the Consolidated Financial Statements

15

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 College 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

* Restated from previously reported number.

2017-18

14,907 6,306 2,910

24,123

2016-17

14,566 5,965 2,857

23,388

2015-16

14,315 5,879 2,746

22,940

3,721 2,799

596 384 7,500

3,646 2,792

555 403 7,396

3,758 2,598

555 386 7,297

$ 52,612

$ 35,242 $ 52,612 $ 55,130 $ 63,894 $ 63,242 $ 34,750

8,275

$ 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

4,012 890

297 130 5,329

3,964 881

299 143 * 5,287

3,842 882

285 192 5,201

11,589 580

12,169

11,225 611

11,836

10,866 575

11,441

$ 6,871.5 $ 58.27 $ 411.8 $ 130.7 $ 1,103.3

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

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

$ 543.8 $ 158.8

$ 502.0 * $ 146.2 *

$ 496.3 $ 138.0

$ 359.0 $ 7,940.0 $ 1,395.5

$ 545.0 $ 7,613.6 $ 1,356.7

$ 519.2 * $ 7,115.0 $ 1,519.5 *

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