| FGQMPA27G - Exhibit E 10/03/2003 |
MICHIGAN TECHNOLOGICAL
UNIVERSITY Combining Statement of Revenues, Expenditures and Transfers Current Funds Period 14, Fiscal Year 02 |
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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 | 44,706,896 | 2,533,136 | 1,200,664 | |
48,440,697 | |
48,440,697 | ||
| Federal Grants and Contracts | 138,588 | 25,000 | |
|
163,588 | 15,631,284 | 15,794,872 | ||
| State/Local Grants and Contracts | |
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|
|
|
3,371,757 | 3,371,757 | ||
| Nongovernmental Grants and Contracts | |
154,100 | |
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154,100 | 9,595,631 | 9,749,732 | ||
| Indirect Cost Recoveries | 5,046,583 | |
|
0 | 5,046,583 | -5,046,583 | 0 | ||
| Educational Activities | 764,758 | 2,516,577 | 939,183 | |
4,220,519 | 197,685 | 4,418,204 | ||
| Student Resident Fees | |
|
12,059,785 | |
12,059,785 | |
12,059,785 | ||
| Sales and Services of Dept Activities | 3,470 | 326,455 | 7,744,885 | |
8,074,810 | 71,081 | 8,145,892 | ||
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| TOTAL OPERATING REVENUES | 50,660,295 | 5,555,270 | 21,944,517 | 0 | 78,160,084 | 23,820,857 | 101,980,941 | ||
| OPERATING EXPENSES: | |||||||||
| Salaries & Wages - Non-Faculty | 20,937,677 | 1,631,040 | 5,776,316 | 675,920 | 29,020,954 | 5,374,367 | 34,395,322 | ||
| Salaries & Wages - Faculty | 24,725,129 | 557,352 | 510,643 | |
25,793,125 | 2,555,133 | 28,348,259 | ||
| Salaries & Wages - Graduate Students | 1,704,153 | 360,466 | 55,088 | |
2,119,707 | 3,248,867 | 5,368,574 | ||
| Salaries & Wages - Undergrad Students | 1,172,723 | 311,748 | 1,269,941 | |
2,754,414 | 1,041,108 | 3,795,523 | ||
| Fringe Benefits | 20,192,752 | 710,085 | 2,355,365 | -422,721 | 22,835,482 | 2,566,302 | 25,401,784 | ||
| Capital Expenditures | 1,109,314 | 965,888 | 962,859 | |
3,038,062 | 2,261,886 | 5,299,948 | ||
| Supplies and Services | 12,125,786 | 4,696,858 | 5,681,306 | 769,556 | 23,273,508 | 6,249,898 | 29,523,407 | ||
| Scholarships and Fellowships | 8,831,879 | 42,300 | 288,795 | |
9,162,976 | 8,929,103 | 18,092,080 | ||
| Utilities | 3,041,224 | 64,781 | 2,494,084 | |
5,600,089 | 34,225 | 5,634,315 | ||
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| TOTAL OPERATING EXPENSES | 93,840,641 | 9,340,522 | 19,394,401 | 1,022,755 | 123,598,320 | 32,260,894 | 155,859,215 | ||
| TRANSFERS: | |||||||||
| Mandatory Transfers In | |
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|
|
|
-3,985,031 | -3,985,031 | ||
| Mandatory Transfers Out | 2,724,481 | 377,334 | 281,422 | 305 | 3,383,543 | 1,321,741 | 4,705,285 | ||
| Non Mandatory Transfers In | -4,752,398 | -10,199,227 | -14,799,011 | -4,354,965 | -34,105,603 | -5,345,952 | -39,451,555 | ||
| Non Mandatory Transfers Out | 16,470,357 | 5,959,509 | 14,525,057 | 1,954,415 | 38,909,339 | 1,818,098 | 40,727,437 | ||
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| TOTAL TRANSFERS | 14,442,439 | -3,862,383 | 7,468 | -2,400,245 | 8,187,279 | -6,191,143 | 1,996,135 | ||
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| OPERATING INCOME (LOSS) | -57,622,785 | 77,131 | 2,542,647 | 1,377,490 | -53,625,515 | -2,248,892 | -55,874,408 | ||
| NONOPERATING REVENUES (EXPENSE: | |||||||||
| State appropriations, Operating | 55,064,154 | |
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|
55,064,154 | 177,442 | 55,241,596 | ||
| Gift Income | 407,269 | 2,458,586 | 168,597 | |
3,034,452 | 3,396,685 | 6,431,138 | ||
| Investment Income (loss) | -190,175 | 168,093 | 86,424 | -1,377,490 | -1,313,148 | -44,472 | -1,357,620 | ||
| Interest Expense | -1,641 | -439 | -2,341 | |
-4,421 | |
-4,421 | ||
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| TOTAL NONOPERATING REVENUES (EX | 55,279,606 | 2,626,240 | 252,680 | -1,377,490 | 56,781,037 | 3,529,655 | 60,310,692 | ||
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| INCREASE (DECREASE) IN NET ASSETS | -2,343,178 | 2,703,371 | 2,795,328 | -0 | 3,155,521 | 1,280,762 | 4,436,283 | ||
| NET ASSETS (DEFICIT), As of 07/01/2001 | -5,260,429 | 6,455,155 | 964,533 | 0 | 2,159,259 | 1,118,495 | 3,277,754 | |
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| NET ASSETS (DEFICIT), As of 06/30/2002 | -7,603,607 | 9,158,526 | 3,759,862 | -0 | 5,314,780 | 2,399,257 | 7,714,038 | |
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