FY22 financial report print.indd

Virginia Tech Financial Report 2021-2022

Contents

University Highlights For the years ended June 30, 2018 - 2022

Message from Senior VP and Chief Business Officer ....... 2

2017-18 (1)

2018-19 (2)

2019-20 2020-21 (4)

2021-22

Student admissions Applications received, including transfers Undergraduate

Statement of Management’s Responsibility

....... 4

30,299

35,002

34,769

33,538

44,936

Graduate

9,250

7,523

7,376

7,445

7,448

Report from the Independent Auditor

Offers, as a percentage of applications Undergraduate

....... 5

68.1% 63.6% 69.2% 65.7% 55.8% 32.5% 43.5% 48.4% 57.6% 59.5%

Graduate

Management’s Discussion and Analysis

New enrollment, as a percentage of offers Undergraduate

37.8% 32.9% 36.4% 35.5% 30.5% 58.8% 49.3% 48.2% 37.4% 45.0%

....... 7

Graduate

Financial Statements

..... 16

Total student enrollment (head count) Enrollment by classification Undergraduate

Notes to Financial Statements .... 20

27,193

27,811

29,300

30,020

29,760

Graduate and first professional

7,247

7,039

7,083

7,004

7,519

Required Supplementary Information

Enrollment by campus Blacksburg campus

....60

32,304

32,704

34,131

24,878

34,656

National Capital Region Other off-campus locations

799

768

980

752

871

Optional Supplementary Information

1,337

1,378

1,272

11,394

1,752

.... 66

Enrollment by residence Virginia

22,715

22,925

23,762

24,479

23,619

Other states

7,875 3,850

8,079 3,846

8,589 4,032

8,998 3,547

9,966 3,694

Other countries

Degrees conferred

Undergraduate (first majors) Graduate and first professional

6,111 2,120

6,835 2,130

6,832 2,159

7,393 2,084

7,290 2,117

Faculty and staff (3)

Full-time instructional faculty

1,554 2,711

1,948 2,783

2,050 2,914

2,068 2,888

2,082 2,953

Other faculty and research associates

P14 faculty/part-time faculty

230

231

228

232

249

Support staff

3,390 7,885

3,433 8,395

3,471 8,663

3,380 8,568

3,257 8,541

Total faculty and support staff

Percent of instructional faculty tenured

55%

54%

51%

53%

51%

(1) 2017-18 Admissions data updated to reflect changes in methodology. (2) 2018-2019 and subsequent years’ data includes Virginia Tech Carilion School of Medicine. (3) 2018-19 Faculty and staff definitions updated to align with Integrated Postsecondary Education Data System (IPEDS) guidelines. (4) 2020-21 admissions, enrollments, and course delivery options were affected as a result of the COVID-19 pandemic.

On the front cover: The “1872 Forward: Celebrating Virginia Tech” graphic highlights an ongoing theme for celebration that brings to life how the past shapes the present and leads the university into the future. Image by April Goode for Virginia Tech.