Combined Income Statement by Function  
  (Statement of Revenues, Expenses, and Changes in Net Assets)  
 
  As of Date    JUN   JUN  Variance  
    Current  Prior Amount Percent  
  Student Tuition and Fees  $  43,716,314  $  38,899,999  $  4,816,315 12%  
  Federal Grants and Contracts      19,222,771      19,893,070       (670,299) -3%  
  State/Local Grants and Contracts        2,675,488        3,695,352     (1,019,864) -28%  
  Nongovernmental Grants and Contract        9,448,435        8,401,721      1,046,714 12%  
  Educational Activities        4,297,670        4,008,619        289,051 7%  
  Student Resident Fees      15,694,452      13,800,896      1,893,556 14%  
  Sales and Services of Dept Activities        9,204,817        9,482,741       (277,924) -3%  
  OPERATING REVENUES    104,259,947      98,182,398      6,077,549 6%  
       
  Instruction     (47,004,935)     (46,490,820)       (514,115) 1%  
  Research       (33,764,792)     (31,408,033)     (2,356,759) 8%  
  Public Service       (4,849,284)       (5,117,845)        268,561 -5%  
  Academic Support     (10,761,553)     (10,158,444)       (603,109) 6%  
  Student Services       (6,974,565)       (5,780,626)     (1,193,939) 21%  
  Institutional Support     (18,027,341)     (15,338,918)     (2,688,423) 18%  
  Operation & Maintenance of Plant     (10,383,735)     (10,178,315)       (205,420) 2%  
  Student Financial Support       (1,218,568)       (1,516,257)        297,689 -20%  
  Auxiliary Activities                     -                     -                   - 0%  
  Sales and Services of Dept Activities     (13,069,259)     (11,117,089)     (1,952,170)             0  
  Student Residents       (8,272,179)       (9,508,429)      1,236,250 18%  
  Depreciation     (11,040,264)       (9,783,037)     (1,257,227) 13%  
  OPERATING EXPENSES   (165,366,475)   (156,397,813)     (8,968,662) 6%  
  Operating revenue (loss)     (61,106,528)     (58,215,415)     (2,891,113) 5%  
       
  State appropriations, Operating      48,403,799      49,829,503     (1,425,704) -3%  
  Gift Income        6,963,708        5,732,808      1,230,900 21%  
  Investment Income (loss)        1,454,676          650,345        804,331 124%  
  Interest Expense       (1,991,138)         (847,479)     (1,143,659) 135%  
  Loss on Disposal of Capital Assets         (348,403)         (645,500)        297,097 -46%  
  NET NONOPERATING REVENUES      54,482,642      54,719,677       (237,035) 0%  
    Income (loss) before other revenues       (6,623,886)       (3,495,738)     (3,128,148) 89%  
           
  Capital Appropriations        2,541,284      13,374,007   (10,832,723) -81%  
  Capital Grants and Gifts        1,144,846        3,405,842     (2,260,996) -66%  
  OTHER REVENUES        3,686,130      16,779,849   (13,093,719) -78%  
         
Net increase (decrease) in Net Assets       (2,937,756)      13,284,111   (16,221,867) -122%  
Net Assets, Beginning of Year    204,273,065    190,988,958    13,284,107 7%  
Net Assets, End of Period  $201,335,309  $204,273,069  $ (2,937,760) -1%