Combined Income Statement by Object  
(Statement of revenues, Expenses, and Changes in Net Assets)  
 
  As of:  JUN   JUN  Variance  
  Current Year Prior Year Amount Percent  
  Student Tuition and Fees, net  $  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 Contracts       9,448,435       8,401,721      1,046,714 12%  
  Indirect Cost Recoveries                     -                    -                   - 0%  
  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%  
       
  Salaries & Wages     (76,704,682)    (73,164,244)     (3,540,438) 5%  
  Fringe Benefits     (28,496,711)    (25,551,200)     (2,945,511) 12%  
  Supplies and Services     (36,459,959)    (34,682,216)     (1,777,743) 5%  
  Scholarships and Fellowships      (4,663,553)      (5,164,650)        501,097 -10%  
  Utilities        (8,001,307)      (8,052,470)          51,163 -1%  
  Depreciation     (11,040,264)      (9,783,037)     (1,257,227) 13%  
  OPERATING EXPENSES   (165,366,476)  (156,397,817)     (8,968,659) 6%  
  Operating revenue (loss)     (61,106,529)    (58,215,419)     (2,891,110) 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      (6,623,887)      (3,495,742)     (3,128,145) 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      (2,937,757)     13,284,107   (16,221,864) -122%  
Net Assets, Beginning of Year    204,273,065   190,988,958    13,284,107 7%  
Net Assets, End of Year  $201,335,308  $204,273,065  $ (2,937,757) -1%