MTU Accounting Services - 18-AUG-04

FYGOPL506 - Income Statement by Object Current Funds




FY: 04 | As of: 30-JUN-04


General Fund Designated Fund Auxiliary Fund Retirement & Insurance Fund Current Unrestricted Expendable Restricted Fund Total Current Funds
*** ** * Desc






Net increase/decrease in Net Assets OPERATING REVENUES 10 Student Tuition and Fees 52,113,888 2,045,196 1,286,454   55,445,538   55,445,538
30 Federal Grants and Contracts 177,512 2,000     179,512 17,879,922 18,059,434
40 State/Local Grants and Contracts           1,497,773 1,497,773
50 Nongovernmental Grants and Contracts   13,018     13,018 10,605,569 10,618,587
55 Indirect Cost Recoveries 5,088,062     1 5,088,063 -5,088,062 1
60 Educational Activities 563,872 2,903,041 1,685,353 818 5,153,084 192,350 5,345,434
70 Student Resident Fees     12,900,888   12,900,888   12,900,888
80 Sales and Services of Dept Activities 2,624 77,599 7,943,986   8,024,209 173,379 8,197,588
OPERATING REVENUES 57,945,958 5,040,854 23,816,680 819 86,804,311 25,260,931 112,065,242
OPERATING EXPENSES 10 Salaries & Wages - Non-Faculty -21,188,949 -1,788,680 -5,905,070 -968,230 -29,850,929 -4,681,901 -34,532,831
20 Salaries & Wages - Faculty -23,626,093 -589,509 -514,135   -24,729,737 -3,363,540 -28,093,277
30 Salaries & Wages - Graduate Students -3,211,138 -300,370 -107,504   -3,619,013 -3,073,753 -6,692,766
35 Salaries & Wages - Undergrad Students -1,122,840 -269,687 -1,204,641   -2,597,168 -901,195 -3,498,362
40 Fringe Benefits -17,643,972 -760,242 -2,340,176 -1,419,112 -22,163,503 -2,508,648 -24,672,151
55 Supplies and Services -13,660,893 -5,156,685 -6,977,574 -471,376 -26,266,527 -9,280,297 -35,546,824
57 Scholarships and Fellowships -11,915,197 -553,778 -182,220   -12,651,195 -8,988,531 -21,639,725
60 Utilities -3,207,645 -90,180 -3,012,489   -6,310,314 -31,818 -6,342,133
80 Depreciation              
OPERATING EXPENSES -95,576,727 -9,509,132 -20,243,808 -2,858,718 -128,188,385 -32,829,683 -161,018,068
TRANSFERS 00 Mandatory Transfers In -1,953       -1,953 2,954,058 2,952,104
10 Mandatory Transfers Out -1,366,170 -219,628 -465,281   -2,051,079 -1,443,603 -3,494,681
20 Non Mandatory Transfers In 5,323,041 11,619,802 14,828,226 4,299,668 36,070,737 3,738,458 39,809,195
30 Non Mandatory Transfers Out -16,291,723 -5,716,693 -15,728,151 -1,467,235 -39,203,802 -3,185,788 -42,389,590
TRANSFERS -12,336,805 5,683,481 -1,365,207 2,832,433 -5,186,098 2,063,125 -3,122,973
NONOPERATING REVENUES (EXPENSES) 10 State appropriations, Operating 47,436,113       47,436,113 155,020 47,591,133
20 Gift Income 145,546 1,857,244 109,607   2,112,397 3,835,120 5,947,517
30 Investment Income (loss) -60,951 48,309 61,569 51,219 100,146 3,262 103,407
40 Interest Expense -13,787   -2,378   -16,166 -178 -16,344
NONOPERATING REVENUES (EXPENSES) 47,506,920 1,905,553 168,798 51,219 49,632,490 3,993,223 53,625,713
Net increase/decrease in Net Assets -2,460,654 3,120,757 2,376,462 25,753 3,062,318 -1,512,403 1,549,915

Net Assets (Deficit), Beg. of Year -9,424,328 8,485,041 5,396,934 1,197,829 5,655,476 2,896,978 8,552,454
Net Assets (Deficit), End of Period -11,884,982 11,605,798 7,773,397 1,223,582 8,717,794 1,384,575 10,102,369