FGQOPL32 - Exhibit D1 10/03/2003

MICHIGAN TECHNOLOGICAL UNIVERSITY GENERAL FUND CURRENT VS. PRIOR YEAR INCOME STATEMENT AS OF 06/30/2003

	FY 03	FY 02	CHANGE
Student Tuition and Fees	47,966,469	44,706,896	3,259,573
Federal Grants and Contracts	158,233	138,588	19,645
Indirect Cost Recoveries	4,904,101	5,046,583	-142,481
Educational Activities	522,033	764,758	-242,724
Sales and Services of Dept Activities	9,276	3,470	5,806
OPERATING REVENUES	53,560,113	50,660,295	2,899,818
Instruction	49,266,235	47,857,353	1,408,881
Research	210,797	251,570	-40,772
Public Service	746,678	750,665	-3,986
Academic Support	10,945,471	10,428,126	517,344
Student Services	5,008,596	4,560,220	448,376
Institutional Support	11,610,523	11,454,587	155,935
Operation & Maintenance of Plant	7,898,510	8,393,379	-494,868
Student Financial Support	10,713,095	10,144,738	568,356
OPERATING EXPENSES	96,399,908	93,840,641	2,559,267
Mandatory Transfers Out	3,280,991	2,724,481	556,509
Non Mandatory Transfers In	-3,726,370	-4,752,398	1,026,028
Non Mandatory Transfers Out	12,834,876	16,470,357	-3,635,480
TRANSFERS	12,389,497	14,442,439	-2,052,942
OPERATING INCOME (LOSS)	-55,229,292	-57,622,785	2,393,492
State appropriations, Operating	53,133,171	55,064,154	-1,930,982
Gift Income	407,850	407,269	581
Investment Income (loss)	-118,317	-190,175	71,858
Interest Expense	-13,965	-1,641	-12,324
NONOPERATING REVENUES (EXPENSES)	53,408,739	55,279,606	-1,870,867
NET INCREASE (DECREASE) IN NET ASSETS	-1,820,553	-2,343,178	522,625