MTU Accounting Services - 18-AUG-04

FYGOPL506 - Income Statement by Object Current Funds




FY: 03 | As of: 30-JUN-03


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 47,966,470 2,233,538 1,252,062   51,452,070   51,452,070
30 Federal Grants and Contracts 158,233       158,233 15,575,030 15,733,263
40 State/Local Grants and Contracts           2,288,267 2,288,267
50 Nongovernmental Grants and Contracts   2,552     2,552 10,473,394 10,475,946
55 Indirect Cost Recoveries 4,904,101 1     4,904,103 -4,904,102  
60 Educational Activities 522,033 2,578,463 1,688,000   4,788,497 204,478 4,992,975
70 Student Resident Fees     12,379,237   12,379,237   12,379,237
80 Sales and Services of Dept Activities 9,277 131,964 7,341,486   7,482,726 117,004 7,599,730
OPERATING REVENUES 53,560,114 4,946,520 22,660,784   81,167,418 23,754,070 104,921,488
OPERATING EXPENSES 10 Salaries & Wages - Non-Faculty -19,977,272 -1,831,324 -5,866,859 -589,334 -28,264,788 -4,717,246 -32,982,035
20 Salaries & Wages - Faculty -26,034,080 -523,973 -440,216   -26,998,270 -3,190,465 -30,188,735
30 Salaries & Wages - Graduate Students -2,605,245 -358,223 -48,587   -3,012,055 -3,197,924 -6,209,979
35 Salaries & Wages - Undergrad Students -1,133,280 -299,207 -1,247,388   -2,679,876 -1,008,302 -3,688,177
40 Fringe Benefits -18,362,186 -800,322 -2,351,979 -2,255,919 -23,770,407 -2,529,329 -26,299,736
55 Supplies and Services -13,510,432 -5,347,513 -6,181,037 -797,464 -25,836,447 -7,962,139 -33,798,586
57 Scholarships and Fellowships -12,276,660 -513,255 -198,703   -12,988,618 -9,154,882 -22,143,500
60 Utilities -2,500,753 -70,159 -3,007,640   -5,578,551 -37,926 -5,616,477
80 Depreciation              
OPERATING EXPENSES -96,399,909 -9,743,977 -19,342,410 -3,642,717 -129,129,012 -31,798,213 -160,927,225
TRANSFERS 00 Mandatory Transfers In           2,943,472 2,943,472
10 Mandatory Transfers Out -1,875,055 -335,170 -273,632 -693 -2,484,550 -1,573,585 -4,058,135
20 Non Mandatory Transfers In 3,726,371 8,927,385 12,964,127 5,523,039 31,140,921 4,727,964 35,868,884
30 Non Mandatory Transfers Out -14,240,813 -6,964,250 -14,609,152 -1,532,009 -37,346,224 -1,202,158 -38,548,382
TRANSFERS -12,389,498 1,627,965 -1,918,657 3,990,336 -8,689,853 4,895,693 -3,794,160
NONOPERATING REVENUES (EXPENSES) 10 State appropriations, Operating 53,133,172       53,133,172 174,934 53,308,106
20 Gift Income 407,850 2,421,702 170,936   3,000,487 3,458,202 6,458,689
30 Investment Income (loss) -118,317 74,305 70,041 -467,660 -441,632 13,035 -428,597
40 Interest Expense -13,966   -3,622   -17,587   -17,587
NONOPERATING REVENUES (EXPENSES) 53,408,739 2,496,007 237,355 -467,660 55,674,440 3,646,170 59,320,611
Net increase/decrease in Net Assets -1,820,553 -673,485 1,637,072 -120,041 -977,007 497,720 -479,287

Net Assets (Deficit), Beg. of Year -7,603,608 9,158,527 3,759,862 1,317,870 6,632,651 2,399,258 9,031,909
Net Assets (Deficit), End of Period -9,424,161 8,485,041 5,396,934 1,197,829 5,655,644 2,896,978 8,552,622