Combining Income Statements by Function Current Year 06
			Current Unrestricted	Expendable Restricted Fund	Loan Fund	Plant Fund	Combined Total
								Capital Expenses	Capital Gifts	Tuition Allowance	Other	Total
		Student Tuition and Fees	$     59,690,374	$                  -	$                 -	$                   -	$     59,690,374	$                   -	$             -	$     (15,974,060)	$                -	$      43,716,314
		Federal Grants and Contracts	166,425	19,160,948	(104,602)	-	19,222,771	-	-	-	-	19,222,771
		State/Local Grants and Contracts	-	2,675,488	-	-	2,675,488	-	-	-	-	2,675,488
		Nongovernmental Grants and Contract	-	9,448,435	-	-	9,448,435	-	-	-	-	9,448,435
		Indirect Cost Recoveries	6,071,621	(6,071,621)	-	-	-	-	-	-	-	-
		Educational Activities	4,117,722	220,111	-	44,784	4,382,617	-	-	-	(84,947)	4,297,670
		Student Resident Fees	15,247,925	-	-	-	15,247,925	-	-	(153,182)	599,709	15,694,452
		Sales and Services of Dept Activities	9,560,568	159,011	-	-	9,719,579	-	-	-	(514,762)	9,204,817
	OPERATING REVENUES		94,854,635	25,592,372	(104,602)	44,784	120,387,189	-	-	(16,127,242)	-	104,259,947
		Instruction	(46,703,318)	(668,040)	-	-	(47,371,358)	366,423	-	-	-	(47,004,935)
		Research	(13,492,500)	(21,363,061)	-	-	(34,855,561)	1,090,769	-	-	-	(33,764,792)
		Public Service	(1,322,189)	(3,527,095)	-	-	(4,849,284)	-	-	-	-	(4,849,284)
		Academic Support	(11,014,814)	(39,947)	-	-	(11,054,761)	293,208	-	-	-	(10,761,553)
		Student Services	(6,534,862)	(439,703)	-	-	(6,974,565)	-	-	-	-	(6,974,565)
		Institutional Support	(16,777,683)	(14,085)	-	(1,521,034)	(18,312,802)	285,461	-	-	-	(18,027,341)
		Operation & Maintenance of Plant	(10,344,413)	-	-	(10,342,627)	(20,687,040)	10,303,305	-	-	-	(10,383,735)
		Student Financial Support	(11,644,848)	(5,514,541)	(33,239)	-	(17,192,628)	-	-	15,974,060	-	(1,218,568)
		Auxiliary Activities	(22,992,437)	-	-	(95,820)	(23,088,257)	1,593,637	-	153,182	21,341,438	-
		Student Residents	-	-	-	-	-	-	-	-	(8,272,179)	(8,272,179)
		Sales and Services of Dept Activities	-	-	-	-	-	-	-	-	(13,069,259)	(13,069,259)
		Depreciation	-	-	-	(11,040,264)	(11,040,264)	-	-	-	-	(11,040,264)
	OPERATING EXPENSES		(140,827,064)	(31,566,472)	(33,239)	(22,999,745)	(195,426,520)	13,932,803	-	16,127,242	-	(165,366,475)
		Mandatory Transfers In	1,612	2,593,743	-	1,462,374	4,057,729	-	-	-	-	4,057,729
		Mandatory Transfers Out	(2,778,253)	(1,278,496)	-	(979)	(4,057,728)	-	-	-	-	(4,057,728)
		Non Mandatory Transfers In	34,546,431	3,206,054	197,408	8,942,956	46,892,849	-	-	-	-	46,892,849
		Non Mandatory Transfers Out	(37,652,637)	(1,992,564)	(197,408)	(7,050,242)	(46,892,851)	-	-	-	-	(46,892,851)
	TRANSFERS		(5,882,847)	2,528,737	-	3,354,109	(1)	-	-	-	-	(1)
		State appropriations, Operating	48,243,884	159,915	-	-	48,403,799	-	-	-	-	48,403,799
		Gift Income	3,735,520	3,226,306	-	1,882	6,963,708	-	-	-	-	6,963,708
		Investment Income (loss)	1,088,555	6,082	185,157	174,882	1,454,676	-	-	-	-	1,454,676
		Interest Expense	(198)	-	-	(1,990,940)	(1,991,138)	-	-	-	-	(1,991,138)
		Capital Appropriations	-	-	-	2,541,284	2,541,284	-	-	-	-	2,541,284
		Capital Grants and Gifts	-	-	-	1,144,846	1,144,846	-	-	-	-	1,144,846
		Fund Additions (Deductions)	-	-	-	13,584,400	13,584,400	(13,932,803)	-	-	-	(348,403)
	NON-OPERATING REVENUES (EXPENSES)		53,067,761	3,392,303	185,157	15,456,354	72,101,575	(13,932,803)	-	-	-	58,168,772
Net increase (decrease) in Net Assets			1,212,485	(53,060)	47,316	(4,144,498)	(2,937,757)	-	-	-	-	(2,937,757)
Net Assets, Beginning of Year			11,541,840	1,855,003	13,466,088	177,410,134	204,273,065	-	-	-	-	204,273,065
Net Assets, End of Year			$     12,754,325	$     1,801,943	$  13,513,404	$  173,265,636	$   201,335,308	$                   -	$             -	$                     -	$                -	$    201,335,308