FGQMPB26G Exhibit G 10/03/2003

MICHIGAN TECHNOLOGICAL UNIVERSITY Combining Statement of Revenues, Expenditures, and Transfers As of Period 14, Fiscal Year 02

Description			Current Unrestricted	Expendable Restricted Fund	Student Loan Fund	Plant Fund	Combined
OPERATING REVENUES:
Student Tuition and Fees			48,440,698				48,440,698
Federal Grants and Contracts			163,588	15,631,285	130,932		15,925,805
State/Local Grants and Contracts				3,371,757			3,371,757
Nongovernmental Grants and Contract			154,100	9,595,633			9,749,733
Indirect Cost Recoveries			5,046,583	5,046,583-
Educational Activities			4,220,520	197,686			4,418,205
Student Resident Fees			12,059,785				12,059,785
Sales and Services of Dept Activiti			8,074,813	71,083			8,145,895
TOTAL OPERATING REVENUES			78,160,087	23,820,861	130,932		102,111,878
OPERATING EXPENSES:
Instruction			51,767,072	1,003,280		1,163,500-	51,606,846
Research			3,472,042	19,116,507		2,412,500-	20,176,044
Public Service			1,810,291	3,058,218		68,000-	4,800,508
Academic Support			10,563,745	42,735		456,000-	10,150,474
Student Services			4,905,154	439,693		50,000-	5,294,845
Institutional Support			13,181,479	5,221	46,987	175,808-	13,057,879
Operation & Maintenance of Plant			8,548,890			644,976	9,193,866
Student Financial Support			10,145,197	8,595,252	34,811		18,775,260
Auxiliary Activities			19,204,471			545,630-	18,658,840
Depreciation						10,798,001	10,798,001
TOTAL OPERATING EXPENSES			123,598,341	32,260,906	81,798	6,571,539	162,512,563
TRANSFERS:
Mandatory Transfers In				3,985,031-	81,031-	639,223-	4,705,285-
Mandatory Transfers Out			3,383,544	1,321,740			4,705,285
Non Mandatory Transfers In			34,105,604-	5,345,953-		1,490,546-	40,942,103-
Non Mandatory Transfers Out			38,909,339	1,818,099		214,664	40,942,103
TOTAL TRANSFERS			8,187,279	6,191,145-	81,031-	1,915,105-
Operating Income (loss)			53,625,533-	2,248,900-	130,165	4,656,434-	60,400,685-
NONOPERATING REVENUES (EXPENSES):
State appropriations, Operating			55,064,154	177,442			55,241,596
Gift Income			3,034,453	3,396,685			6,431,138
Investment Income (loss)			1,313,147-	44,472-	243,999	69,769	1,043,851-
Interest Expense			4,422-			277,527-	281,949-
Other Nonoperating Revenues						977,686	977,686
Capital Grants and Gifts						2,035,379	2,035,379
TOTAL NONOPERATING REVENUE			56,781,038	3,529,655	243,999	2,805,307	63,359,999
OTHER REVENUE:
Capital appropriations						405,655	405,655
Fund Additions, Net						667,421-	667,421-
TOTAL OTHER REVENUE						261,766-	261,766-
INCREASE (DECREASE) IN NET ASSETS			3,155,505	1,280,755	374,164	2,112,893-	2,697,548
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			5,314,764	2,399,250	12,518,706	162,066,021	182,298,760