FGQMPB26G Exhibit G 10/03/2003

MICHIGAN TECHNOLOGICAL UNIVERSITY Combining Statement of Revenues, Expenditures, and Transfers As of Period 14, Fiscal Year 03

Description			Current Unrestricted	Expendable Restricted Fund	Student Loan Fund	Plant Fund	Combined
OPERATING REVENUES:
Student Tuition and Fees			51,452,072				51,452,072
Federal Grants and Contracts			158,233	15,575,030	89,444	58,166	15,880,873
State/Local Grants and Contracts				2,288,267			2,288,267
Nongovernmental Grants and Contract			2,552	10,473,394			10,475,947
Indirect Cost Recoveries			4,904,103	4,904,102-
Educational Activities			4,788,498	204,478		2,955	4,995,931
Student Resident Fees			12,379,237				12,379,237
Sales and Services of Dept Activiti			7,482,727	117,004			7,599,730
TOTAL OPERATING REVENUES			81,167,422	23,754,071	89,444	61,121	105,072,057
OPERATING EXPENSES:
Instruction			53,131,682	968,265			54,099,943
Research			3,551,943	19,145,298			22,697,239
Public Service			1,807,558	3,250,798			5,058,355
Academic Support			11,187,354	27,498			11,214,852
Student Services			5,603,216	380,490			5,983,701
Institutional Support			15,903,168	29,681	43,263	253,868	16,229,981
Operation & Maintenance of Plant			8,127,754			4,319,578	12,447,324
Student Financial Support			10,713,164	7,996,193	40,740		18,750,097
Auxiliary Activities			19,103,194			1,162,938	20,266,131
Depreciation						10,811,442	10,811,442
TOTAL OPERATING EXPENSES			129,129,033	31,798,223	84,003	16,547,826	177,559,065
TRANSFERS:
Mandatory Transfers In				4,349,409-	81,031-	7,666,268-	12,096,708-
Mandatory Transfers Out			3,890,486	1,573,584		6,632,636	12,096,707
Non Mandatory Transfers In			31,140,921-	3,322,029-	170,000-	7,151,482-	41,784,432-
Non Mandatory Transfers Out			35,940,289	1,202,159	170,000	4,471,983	41,784,432
TOTAL TRANSFERS			8,689,854	4,895,695-	81,031-	3,713,131-	1-
Operating Income (loss)			56,651,465-	3,148,457-	86,472	12,773,574-	72,487,007-
NONOPERATING REVENUES (EXPENSES):
State appropriations, Operating			53,133,172	174,934			53,308,106
Gift Income			3,000,487	3,458,202		306,481-	6,152,208
Investment Income (loss)			454,131-	13,035	241,826	65,921	133,349-
Interest Expense			5,088-			273,249-	278,336-
Capital Grants and Gifts						3,189,344	3,189,344
TOTAL NONOPERATING REVENUE			55,674,440	3,646,171	241,826	2,675,535	62,237,973
OTHER REVENUE:
Capital appropriations						541,007	541,007
Fund Additions, Net						8,281,181	8,281,181
TOTAL OTHER REVENUE						8,822,188	8,822,188
INCREASE (DECREASE) IN NET ASSETS			977,025-	497,714	328,298	1,275,850-	1,426,845-
NET ASSETS, Beginning of Year			6,632,651	2,399,257	12,518,706	161,460,348	183,010,963
NET ASSETS, End of Year			5,655,626	2,896,971	12,847,004	160,184,498	181,584,118