2019-Southeast-Missouri-State-University

7/26/21 Bonds Dated LIMITATIONS ON USE - SEE PAGE 3 Page 1 of 3 Bond Security The Bonds are special, limited obligations of the Authority payable solely from payments made by the Univers

7/26/21 Bonds Dated

LIMITATIONS ON USE - SEE PAGE 3

Page 1 of 3

Bond Security

The Bonds are special, limited obligations of the Authority payable solely from payments made by the University under a Loan Agreement The obligations of the University under the Loan Agreement are general obligations of the University, and the full faith and credit of the University is pledged, except for funds appropriated by the State of Missouri and funds specifically pledged the pay University revenue bonds See the Official Statement for a more complete description of the security for the Bonds.

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Most Recent Update

Health and Educational Facilities Authority of the State of, MO, Educational Facilities

Refunding Revenue Bonds (Southeast Missouri State University), Series 2019

EMMA Link - issuer's most

0% 20% 40% 60% 80% 100%

0 1,000 2,000 3,000 4,000 5,000 6,000

Fall Semester Freshmen Demand

Applicants (left axis) Acceptance Ratio (right axis) Matriculation Ratio (right axis)

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2019 2018

2017 2016

2015

Fall Semester Student Enrollment

Auxiliary Enterprise Revenue

State Appropriations

* Includes both restricted and unrestricted cash and investments

* Current Debt Burden is measured as curent debt service as a percentage of total operating expenses (including the interest expense).

TOTAL CASH AND INVESTMENTS AS A PERCENTAGE OF TOTAL OPERATING EXPENSES AND

LONG-TERM DEBT

Full-Time Equivalent (FTE) Enrollment Ratios ($000s)

Southeast Missouri State University

Public Higher Education

Select Enrollment Information

* Capital Investments is measured as capital expenses divided by the annual depreciation expense.

CHANGE IN NET ASSETS ($000s)

LIMITATIONS ON USE - PLEASE SEE PAGE 3

Undergraduate FTE Enrollment^

Annual Undergraduate Tuition and Fees (Non-Resident)

^ Based on FTE for the preceding fall semester

Location Description: The University is located in Cape Giradeau County, approximately 100 miles south of the St Louis metropolitan area

Annual Undergraduate Tuition and Fees

(Resident) Total FTE Enrollment^

^ Based on FTE for the preceding fall semester

7.2 7.4 7.6 7.8 8.0 8.2 8.4 8.6

0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2

Capital Investment Current Debt Service Burden (Right Axis)

-14,000 -12,000 -10,000 -8,000 -6,000 -4,000 -2,000 0 2,000 4,000 6,000

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

50.0%

Cash and Investments as a Percentage of Total Operating Expenses Cash and Investments as a Percentage of Total Long-Term Debt

Net Tuition and Fees

31.1%

Auxiliary Enterprise

Revenue

16.5%

Grants and Contracts 6.5%

Other Operating Revenues 6.3%

State Operating Appropriations 25.1%

Capital Appropriations, Grants and Contracts 1.8%

Other Grants and Contracts 8.1%

Other Non-Operating Revenues 4.6%

Other

2019 2018 2017 2016 2015

6/30/19 6/30/18 6/30/17 6/30/16 6/30/15 11/22/19 11/5/18 11/10/17 11/14/16 11/20/15

BALANCE SHEET ($000) - Excludes Component Units

Assets

577,514 586,659 596,451 569,001 551,935

Liabilities

Long-Term Debt (Current and Non-Current) 171,927 179,298 186,468 190,340 184,940

342,082 341,066 336,275 302,869 286,490

Net Assets

Net Investment in Plant Assets 275,129 271,123 269,458 260,150 254,367

Unrestricted (43,429) (29,610) (14,043) 716 3,318

Restricted - Expendable 1,561 1,988 2,603 3,011 5,589

Restricted - Non-Expendable 2,171 2,092 2,158 2,255 2,171

235,432 245,593 260,176 266,132 265,445

Operating Revenues/(Expenses)

54,314 55,054 57,043 69,251 75,915 28,839

31,207 31,283 18,947 27,670

Grants and Contracts 11,314 11,778 12,830 11,789 11,543

11,069 9,710 10,286 9,696 7,957

Total Operating Revenue 105,536 107,749 111,442 109,683 123,085

Non-Operating Revenues/Expenses

43,961 43,783 44,945 46,060 45,528

Capital Appropriations, Grants and Contracts 3,209 2,881 6,664 377 2,088 Other Grants and Contracts 14,145 14,984 13,715 14,146 15,037

7,964 5,471 4,619 5,957 3,654

Interest Expense 7,707 7,963 7,565 8,551 8,766 Other Non-Operating Expenses - - - - -Total Non-Operating Revenues/(Expenses) 61,572 59,156 62,378 57,989 57,541

(10,161) (12,471) (5,956) 687 4,983

Current Debt Service 14,663 14,715 14,497 14,811 15,299

- - -

-CAPITAL INVESTMENT ($000s)

NOTES Debt Service Coverage Ratio (As Reported)

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FINANCIAL DATA ($000)

Southeast Missouri State University

DEBT & LIABILITY ANALYSIS ($000)

Fiscal Year End

Auditor Opinion Date

Total Net Assets

Net Tuition and Fees

Auxiliary Enterprise Revenue

Other Operating Revenues

State Operating Appropriations

Other Non-Operating Revenues

Change in Net Assets

Total Liabilities

Total Assets

INCOME STATEMENT ($000) - Excludes Component Units