FGQOPL32O - Exhibit D2 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
Salaries & Wages - Non-Faculty	19,977,271	20,937,677	-960,405
Salaries & Wages - Faculty	26,034,080	24,725,129	1,308,950
Salaries & Wages - Graduate Students	2,605,245	1,704,153	901,092
Salaries & Wages - Undergrad Students	1,133,280	1,172,723	-39,443
Fringe Benefits	21,061,620	20,192,752	868,868
Capital Expenditures	1,147,218	1,109,314	37,904
Supplies and Services	12,363,213	12,125,786	237,426
Scholarships and Fellowships	9,577,225	8,831,879	745,345
Utilities	2,500,753	3,041,224	-540,470
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