MTU Accounting Services - 20-AUG-04

FYGOPL506 - Income Statement by Object Comparative Financial Statement

Current Fiscal Year : '04' , Prior Fiscal Year : '03'




As of Jun 30
  Current Year Prior Year Variance
*** ** * Desc



Net increase/decrease in Net Assets OPERATING REVENUES 10 Student Tuition and Fees
55,445,538 51,452,070 3,993,468
30 Federal Grants and Contracts
18,203,111 15,880,873 2,322,239
40 State/Local Grants and Contracts
1,497,773 2,288,267 -790,494
50 Nongovernmental Grants and Contracts
10,755,718 10,475,946 279,771
60 Educational Activities
5,362,291 4,995,930 366,362
70 Student Resident Fees
12,900,888 12,379,237 521,651
80 Sales and Services of Dept Activities
8,197,588 7,599,730 597,858
OPERATING REVENUES
112,362,907 105,072,053 7,290,854







OPERATING EXPENSES 10 Salaries & Wages - Non-Faculty
-34,532,967 -32,982,035 -1,550,932
20 Salaries & Wages - Faculty
-28,093,277 -30,188,735 2,095,458
30 Salaries & Wages - Graduate Students
-6,692,766 -6,209,979 -482,787
35 Salaries & Wages - Undergrad Students
-3,498,362 -3,688,177 189,815
40 Fringe Benefits
-24,672,164 -26,299,736 1,627,572
55 Supplies and Services
-32,550,356 -39,502,317 6,951,962
57 Scholarships and Fellowships
-21,639,725 -22,143,500 503,775
60 Utilities
-6,448,439 -5,733,126 -715,312
80 Depreciation
-10,519,710 -10,811,442 291,733
OPERATING EXPENSES
-168,647,764 -177,559,048 8,911,283







TRANSFERS 00 Mandatory Transfers In
43,302,140 10,690,771 32,611,369
10 Mandatory Transfers Out
-43,302,140 -10,690,771 -32,611,369
20 Non Mandatory Transfers In
55,094,539 43,190,366 11,904,173
30 Non Mandatory Transfers Out
-55,094,539 -43,190,366 -11,904,173
NONOPERATING REVENUES (EXPENSES) 10 State appropriations, Operating
47,591,133 53,308,106 -5,716,973
20 Gift Income
5,948,517 6,152,208 -203,692
30 Investment Income (loss)
339,690 -120,849 460,538
40 Interest Expense
-506,272 -290,836 -215,436
60 Capital Appropriations
8,033,155 541,007 7,492,148
70 Capital Grants and Gifts
4,689,334 3,189,344 1,499,990
80 Fund Additions (Deductions)
-405,705 8,281,182 -8,686,887
NONOPERATING REVENUES (EXPENSES)
65,689,852 71,060,161 -5,370,309
Net increase/decrease in Net Assets
9,404,995 -1,426,833 10,831,828

Net Assets (Deficit), Beg. of Year
181,583,962 183,010,963 -1,427,001
Net Assets (deficit), End of Period
190,988,957 181,584,130 9,404,828