| FGQMPA26G Exhibit H 10/03/2003 |
MICHIGAN TECHNOLOGICAL UNIVERSITY Combining Statement of Revenues, Expenses, Transfers, and Changes in Net Assets Period 14, Fiscal Year 03 |
| Description | Current Unrestricted |
Expendable Restricted Fund |
Student Loan Fund |
Plant Fund |
Combined | ||
| OPERATING REVENUES | |||||||
| Student Tuition and Fees | 51,452,069 | |
|
|
51,452,069 | ||
| Federal Grants and Contracts | 158,233 | 15,575,029 | 89,444 | 58,166 | 15,880,872 | ||
| State/Local Grants and Contracts | |
2,288,267 | |
|
2,288,267 | ||
| Nongovernmental Grants and Contract | 2,552 | 10,473,393 | |
|
10,475,946 | ||
| Indirect Cost Recoveries | 4,904,102 | 4,904,102- | |
|
0 | ||
| Educational Activities | 4,788,496 | 204,477 | |
2,955 | 4,995,929 | ||
| Student Resident Fees | 12,379,236 | |
|
|
12,379,236 | ||
| Sales and Services of Dept Activiti | 7,482,726 | 117,003 | |
|
7,599,730 | ||
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| TOTAL OPERATING REVENUES | 81,167,417 |
23,754,069 |
89,444 |
61,121 |
105,072,052 | ||
| OPERATING EXPENSES | |||||||
| Salaries & Wages - Non-Faculty | 28,264,788 | 4,717,246 | |
|
32,982,034 | ||
| Salaries & Wages - Faculty | 26,998,269 | 3,190,464 | |
|
30,188,734 | ||
| Salaries & Wages - Graduate Student | 3,012,055 | 3,197,924 | |
|
6,209,979 | ||
| Salaries & Wages - Undergrad Studen | 2,679,875 | 1,008,301 | |
|
3,688,177 | ||
| Fringe Benefits | 26,469,841 | 2,529,329 | |
|
28,999,170 | ||
| Capital Expenditures | 2,496,553 | 1,482,058 | |
5,209,387 | 9,187,998 | ||
| Supplies and Services | 23,339,893 | 6,480,081 | 84,003 | 410,340 | 30,314,318 | ||
| Scholarships and Fellowships | 10,289,183 | 9,154,881 | |
|
19,444,064 | ||
| Utilities | 5,578,551 | 37,925 | |
116,649 | 5,733,126 | ||
| Depreciation | |
|
|
10,811,442 | 10,811,442 | ||
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| TOTAL OPERATING EXPENSES | 129,129,012 |
31,798,213 |
84,003 |
16,547,818 |
177,559,047 | ||
| TRANSFERS | |||||||
| Mandatory Transfers In | |
4,349,408- | 81,031- | 7,666,267- | 12,096,706- | ||
| Mandatory Transfers Out | 3,890,485 | 1,573,584 | |
6,632,636 | 12,096,706 | ||
| Non Mandatory Transfers In | 31,140,920- | 3,322,027- | 170,000- | 7,151,481- | 41,784,429- | ||
| Non Mandatory Transfers Out | 35,940,288 | 1,202,158 | 170,000 | 4,471,983 | 41,784,429 | ||
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|
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| TOTAL TRANSFERS | 8,689,853 |
4,895,693- |
81,031- |
3,713,129- |
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||
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|
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|
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| OPERATING INCOME (LOSS) |
56,651,447- |
3,148,450- |
86,471 |
12,773,568- |
72,486,994- | ||
| NONOPERATING REVENUES (EXPENSES) | |||||||
| State appropriations, Operating | 53,133,171 | 174,933 | |
|
53,308,105 | ||
| Gift Income | 3,000,487 | 3,458,201 | |
306,481- | 6,152,208 | ||
| Investment Income (loss) | 441,631- | 13,034 | 241,826 | 65,921 | 120,848- | ||
| Interest Expense | 17,587- | |
|
273,248- | 290,835- | ||
| Capital Grants and Gifts | |
|
|
3,189,343 | 3,189,343 | ||
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|
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| TOTAL NONOPERATING REVENUES (EX | 55,674,440 |
3,646,170 |
241,826 |
2,675,535 |
62,237,972 | ||
| OTHER REVENUE | |||||||
| Capital appropriations | |
|
|
541,006 | 541,006 | ||
| Fund Additions, Net | |
8,281,181 | 8,281,181 | ||||
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| TOTAL OTHER REVENUE | |
|
|
8,822,188 |
8,822,188 | ||
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| INCREASE (DECREASE) IN NET ASSETS |
977,007- |
497,720 |
328,297 |
1,275,844- |
1,426,833- | ||
| NET ASSETS, Beginning of Year |
6,632,651 |
2,399,257 |
12,518,706 |
161,460,348 |
183,010,963 | ||
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| NET ASSETS, End of Year |
5,655,643 |
2,896,977 |
12,847,003 |
160,184,504 |
181,584,129 | ||
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