| FGQMPA27G - Exhibit E 10/03/2003 |
MICHIGAN TECHNOLOGICAL
UNIVERSITY Combining Statement of Revenues, Expenditures and Transfers Current Funds Period 14, Fiscal Year 03 |
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| General Fund | Designated Fund | Auxiliary Activities Fund | Retirment & Insurance Fund | Sub-Total | Expendable Restricted Fund | Total Current Funds | |||
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| OPERATING REVENUES: | |||||||||
| Student Tuition and Fees | 47,966,469 | 2,233,538 | 1,252,061 | |
51,452,069 | |
51,452,069 | ||
| Federal Grants and Contracts | 158,233 | |
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158,233 | 15,575,029 | 15,733,262 | ||
| State/Local Grants and Contracts | |
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2,288,267 | 2,288,267 | ||
| Nongovernmental Grants and Contracts | |
2,552 | |
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2,552 | 10,473,393 | 10,475,946 | ||
| Indirect Cost Recoveries | 4,904,101 | 1 | |
0 | 4,904,102 | -4,904,102 | 0 | ||
| Educational Activities | 522,033 | 2,578,463 | 1,687,999 | |
4,788,496 | 204,477 | 4,992,974 | ||
| Student Resident Fees | |
|
12,379,236 | |
12,379,236 | |
12,379,236 | ||
| Sales and Services of Dept Activities | 9,276 | 131,964 | 7,341,485 | |
7,482,726 | 117,003 | 7,599,730 | ||
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| TOTAL OPERATING REVENUES | 53,560,113 | 4,946,519 | 22,660,783 | 0 | 81,167,417 | 23,754,069 | 104,921,487 | ||
| OPERATING EXPENSES: | |||||||||
| Salaries & Wages - Non-Faculty | 19,977,271 | 1,831,324 | 5,866,859 | 589,333 | 28,264,788 | 4,717,246 | 32,982,034 | ||
| Salaries & Wages - Faculty | 26,034,080 | 523,973 | 440,216 | |
26,998,269 | 3,190,464 | 30,188,734 | ||
| Salaries & Wages - Graduate Students | 2,605,245 | 358,222 | 48,587 | |
3,012,055 | 3,197,924 | 6,209,979 | ||
| Salaries & Wages - Undergrad Students | 1,133,280 | 299,207 | 1,247,388 | |
2,679,875 | 1,008,301 | 3,688,177 | ||
| Fringe Benefits | 21,061,620 | 800,322 | 2,351,979 | 2,255,918 | 26,469,841 | 2,529,329 | 28,999,170 | ||
| Capital Expenditures | 1,147,218 | 792,072 | 557,261 | |
2,496,553 | 1,482,058 | 3,978,611 | ||
| Supplies and Services | 12,363,213 | 4,555,440 | 5,623,775 | 797,464 | 23,339,893 | 6,480,081 | 29,819,974 | ||
| Scholarships and Fellowships | 9,577,225 | 513,255 | 198,703 | |
10,289,183 | 9,154,881 | 19,444,064 | ||
| Utilities | 2,500,753 | 70,158 | 3,007,639 | |
5,578,551 | 37,925 | 5,616,477 | ||
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| TOTAL OPERATING EXPENSES | 96,399,908 | 9,743,976 | 19,342,409 | 3,642,716 | 129,129,012 | 31,798,213 | 160,927,225 | ||
| TRANSFERS: | |||||||||
| Mandatory Transfers In | |
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-4,349,408 | -4,349,408 | ||
| Mandatory Transfers Out | 3,280,991 | 335,169 | 273,631 | 693 | 3,890,485 | 1,573,584 | 5,464,070 | ||
| Non Mandatory Transfers In | -3,726,370 | -8,927,384 | -12,964,126 | -5,523,038 | -31,140,920 | -3,322,027 | -34,462,948 | ||
| Non Mandatory Transfers Out | 12,834,876 | 6,964,249 | 14,609,152 | 1,532,009 | 35,940,288 | 1,202,158 | 37,142,446 | ||
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| TOTAL TRANSFERS | 12,389,497 | -1,627,964 | 1,918,657 | -3,990,336 | 8,689,853 | -4,895,693 | 3,794,160 | ||
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| OPERATING INCOME (LOSS) | -55,229,292 | -3,169,492 | 1,399,717 | 347,619 | -56,651,447 | -3,148,450 | -59,799,897 | ||
| NONOPERATING REVENUES (EXPENSE: | |||||||||
| State appropriations, Operating | 53,133,171 | |
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53,133,171 | 174,933 | 53,308,105 | ||
| Gift Income | 407,850 | 2,421,701 | 170,935 | |
3,000,487 | 3,458,201 | 6,458,689 | ||
| Investment Income (loss) | -118,317 | 74,305 | 70,040 | -467,660 | -441,631 | 13,034 | -428,597 | ||
| Interest Expense | -13,965 | |
-3,621 | |
-17,587 | |
-17,587 | ||
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| TOTAL NONOPERATING REVENUES (EX | 53,408,739 | 2,496,006 | 237,354 | -467,660 | 55,674,440 | 3,646,170 | 59,320,610 | ||
| OTHER REVENUE: | |||||||||
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| INCREASE (DECREASE) IN NET ASSETS | -1,820,553 | -673,485 | 1,637,071 | -120,040 | -977,007 | 497,720 | -479,287 | ||
| NET ASSETS (DEFICIT), As of 07/01/2002 | -7,603,607 | 9,158,526 | 3,759,862 | 1,317,869 | 6,632,651 | 2,399,257 | 9,031,908 | |
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| NET ASSETS (DEFICIT), As of 06/30/2003 | -9,424,160 | 8,485,041 | 5,396,934 | 1,197,828 | 5,655,643 | 2,896,977 | 8,552,621 | |
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