| FGQMPA26G Exhibit H 10/03/2003 |
MICHIGAN TECHNOLOGICAL UNIVERSITY Combining Statement of Revenues, Expenses, Transfers, and Changes in Net Assets Period 14, Fiscal Year 02 |
| Description | Current Unrestricted |
Expendable Restricted Fund |
Student Loan Fund |
Plant Fund |
Combined | ||
| OPERATING REVENUES | |||||||
| Student Tuition and Fees | 48,440,697 | |
|
|
48,440,697 | ||
| Federal Grants and Contracts | 163,588 | 15,631,284 | 130,932 |
|
15,925,804 | ||
| State/Local Grants and Contracts | |
3,371,757 | |
|
3,371,757 | ||
| Nongovernmental Grants and Contract | 154,100 | 9,595,631 | |
|
9,749,732 | ||
| Indirect Cost Recoveries | 5,046,583 | 5,046,583- | |
|
0 | ||
| Educational Activities | 4,220,519 | 197,685 | |
|
4,418,204 | ||
| Student Resident Fees | 12,059,785 | |
|
|
12,059,785 | ||
| Sales and Services of Dept Activiti | 8,074,810 | 71,081 | |
|
8,145,892 | ||
|
|
|
|
|
|
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| TOTAL OPERATING REVENUES | 78,160,084 |
23,820,857 |
130,932 |
|
102,111,873 | ||
| OPERATING EXPENSES | |||||||
| Salaries & Wages - Non-Faculty | 29,020,954 | 5,374,367 | |
|
34,395,322 | ||
| Salaries & Wages - Faculty | 25,793,125 | 2,555,133 | |
|
28,348,259 | ||
| Salaries & Wages - Graduate Student | 2,119,707 | 3,248,867 | |
|
5,368,574 | ||
| Salaries & Wages - Undergrad Studen | 2,754,414 | 1,041,108 | |
|
3,795,523 | ||
| Fringe Benefits | 22,835,482 | 2,566,302 | |
|
25,401,784 | ||
| Capital Expenditures | 3,038,062 | 2,261,886 | |
5,261,362- | 38,585 | ||
| Supplies and Services | 23,273,508 | 6,249,898 | 81,798 | 1,034,900 | 30,640,106 | ||
| Scholarships and Fellowships | 9,162,976 | 8,929,103 | |
|
18,092,080 | ||
| Utilities | 5,600,089 | 34,225 | |
|
5,634,315 | ||
| Depreciation | |
|
|
10,798,000 | 10,798,000 | ||
|
|
|
|
|
|
|||
| TOTAL OPERATING EXPENSES | 123,598,320 |
32,260,894 |
81,798 |
6,571,537 |
162,512,552 | ||
| TRANSFERS | |||||||
| Mandatory Transfers In | |
3,985,031- | 81,031- | 639,222- | 4,705,285- | ||
| Mandatory Transfers Out | 3,383,543 | 1,321,741 | |
|
4,705,285 | ||
| Non Mandatory Transfers In | 34,105,603- | 5,345,952- | |
1,490,546- | 40,942,101- | ||
| Non Mandatory Transfers Out | 38,909,339 | 1,818,098 | |
214,664 | 40,942,101 | ||
|
|
|
|
|
|
|||
| TOTAL TRANSFERS | 8,187,279 |
6,191,143- |
81,031- |
1,915,104- |
0 | ||
|
|
|
|
|
|
|||
| OPERATING INCOME (LOSS) |
53,625,515- |
2,248,892- |
130,164 |
4,656,433- |
60,400,678- | ||
| NONOPERATING REVENUES (EXPENSES) | |||||||
| State appropriations, Operating | 55,064,154 | 177,442 | |
|
55,241,596 | ||
| Gift Income | 3,034,452 | 3,396,685 | |
|
6,431,138 | ||
| Investment Income (loss) | 1,313,148- | 44,472- | 243,999 | 69,769 | 1,043,852- | ||
| Interest Expense | 4,421- | |
|
277,526- | 281,948- | ||
| Other Nonoperating Revenues | |
|
|
977,686 | 977,686 | ||
| Capital Grants and Gifts | |
|
|
2,035,379 | 2,035,379 | ||
|
|
|
|
|
|
|||
| TOTAL NONOPERATING REVENUES (EX | 56,781,037 |
3,529,655 |
243,999 |
2,805,307 |
63,359,998 | ||
| OTHER REVENUE | |||||||
| Capital appropriations | |
|
|
405,655 | 405,655 | ||
| Fund Additions, Net | |
667,421- | 667,421- | ||||
|
|
|
|
|
|
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| TOTAL OTHER REVENUE | |
|
|
261,766- |
261,766- | ||
|
|
|
|
|
|
|||
| INCREASE (DECREASE) IN NET ASSETS |
3,155,521 |
1,280,762 |
374,163 |
2,112,892- |
2,697,554 | ||
| NET ASSETS, Beginning of Year |
2,159,259 |
1,118,495 |
12,144,542 |
164,178,914 |
179,601,212 | ||
|
|
|
|
|
|
|||
| NET ASSETS, End of Year |
5,314,780 |
2,399,257 |
12,518,706 |
162,066,022 |
182,298,766 | ||
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