Combining Income Statement by Function - Prior Year 04
    Unrestricted Funds Restricted Funds Investment in Plant Combined Total    
  Capital Expenses Capital Gifts Tuition Allowance Other Total
  Student Tuition and Fees  $     55,445,538  $                  -  $                     -  $      55,445,538  $          -  $          -  $   (16,152,914)  $                 1  $      39,292,624
  Federal Grants and Contracts             179,512       18,023,599                         -         18,203,111             -             -                      -                     -         18,203,111
  State/Local Grants and Contracts                        -         1,497,773                         -           1,497,773             -             -                      -                     -           1,497,773
  Nongovernmental Grants and Contract               13,018       10,742,699                         -         10,755,717             -             -                      -                     -         10,755,717
  Indirect Cost Recoveries          5,088,063        (5,088,062)                         -                        1             -             -                      -                   (1)                        -
  Educational Activities          4,123,693            209,208                         -           4,332,901             -             -                      -           924,032           5,256,933
  Student Resident Fees         12,900,888                      -                         -         12,900,888             -             -                      -           458,606         13,359,494
  Sales and Services of Dept Activities          9,053,600            173,379                         -           9,226,979             -             -                      -       (1,562,250)           7,664,729
  OPERATING REVENUES         86,804,311       25,558,596                         -        112,362,907             -             -      (16,152,914)          (179,612)         96,030,381
  Instruction        (48,809,939)        (1,361,179)               631,994        (49,539,125)             -             -                      -          (617,941)        (50,157,066)
  Research         (7,078,287)      (20,616,681)            1,517,962        (26,177,006)             -             -                      -       (1,524,932)        (27,701,938)
  Public Service         (1,677,931)        (2,832,530)                         -          (4,510,461)             -             -                      -                     -          (4,510,461)
  Academic Support        (10,589,975)            (21,125)               289,400        (10,321,700)             -             -                      -          (289,400)        (10,611,100)
  Student Services         (5,501,836)           (392,677)                         -          (5,894,513)             -             -                      -                     -          (5,894,513)
  Institutional Support        (15,189,973)        (1,320,699)            1,213,370        (15,297,302)             -             -                      -       (1,222,787)        (16,520,089)
  Operation & Maintenance of Plant         (9,929,490)      (31,260,590)          32,245,050          (8,945,030)             -             -                      -        4,907,736          (4,037,294)
  Student Financial Support        (10,398,765)        (7,632,002)                         -        (18,030,766)             -             -       16,152,914                   (6)          (1,877,858)
  Auxiliary Activities        (20,664,830)                      -            1,252,677        (19,412,153)             -             -                      -      19,412,154                        1
  Student Residents                        -                      -                         -                        -             -             -                      -     (11,820,211)        (11,820,211)
  Sales and Services of Dept Activities                        -                      -                         -                        -             -             -                      -       (8,665,002)          (8,665,002)
  Depreciation                        -                      -         (10,519,708)        (10,519,708)             -             -                      -                    2        (10,519,706)
  OPERATING EXPENSES      (129,841,026)      (65,437,483)          26,630,745       (168,647,764)             -             -       16,152,914           179,613       (152,315,237)
  Mandatory Transfers In                (1,953)       43,304,094                         -         43,302,140             -             -                      -                     -         43,302,140
  Mandatory Transfers Out         (2,051,079)        (2,828,486)         (38,422,575)        (43,302,139)             -             -                      -                     -        (43,302,139)
  Non Mandatory Transfers In         38,871,944       16,222,596                         -         55,094,540             -             -                      -                     -         55,094,540
  Non Mandatory Transfers Out        (39,939,684)      (14,829,272)              (325,584)        (55,094,540)             -             -                      -                     -        (55,094,540)
  TRANSFERS         (3,120,773)       41,868,932         (38,748,159)                        0             -             -                      -                     -                        0
  State appropriations, Operating         47,436,113            155,020                         -         47,591,133             -             -                      -                   17         47,591,150
  Gift Income          2,112,397         3,836,120                         -           5,948,517             -             -                      -                  (17)           5,948,500
  Investment Income (loss)             100,146            239,544                         -              339,690             -             -                      -                     -              339,690
  Interest Expense              (16,575)           (489,696)                         -             (506,271)             -             -                      -                     -             (506,271)
  Capital Appropriations                        -         8,033,155                         -           8,033,155             -             -                      -                     -           8,033,155
  Capital Grants and Gifts               30,000         4,601,689                57,645           4,689,334             -             -                      -                     -           4,689,334
  Fund Additions (Deductions)                        -                      -              (405,705)             (405,705)             -             -                      -                     -             (405,705)
  NON-OPERATING REVENUES (EXPENSES)         49,662,081       16,375,832              (348,060)         65,689,852             -             -                      -                     -         65,689,852
Net increase (decrease) in Net Assets          3,504,593       18,365,877         (12,465,474)           9,404,996             -             -                      -                    1           9,404,997
Net Assets, Beginning of Year          3,552,275       23,982,095        154,049,592        181,583,962             -             -                      -                     -        181,583,962
Net Assets, End of Year  $       7,056,868  $   42,347,972  $     141,584,118  $    190,988,958  $          -  $          -  $                   -  $                 1  $    190,988,959