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  $  48,799,993  $  43,716,314  $  5,083,679 12%  
  Federal Grants and Contracts      26,116,764      19,222,771      6,893,993 36%  
  State/Local Grants and Contracts        3,805,813        2,675,488      1,130,325 42%  
  Nongovernmental Grants and Contract      12,508,760        9,448,435      3,060,325 32%  
  Educational Activities        4,105,652        4,297,670       (192,018) -4%  
  Student Resident Fees      16,014,265      15,694,452        319,813 2%  
  Sales and Services of Dept Activities        8,828,984        9,204,817       (375,833) -4%  
  OPERATING REVENUES    120,180,231    104,259,947    15,920,284 15%  
       
  Instruction     (48,344,388)     (47,004,955)     (1,339,433) 3%  
  Research       (42,762,060)     (33,764,792)     (8,997,268) 27%  
  Public Service       (4,882,405)       (4,849,284)         (33,121) 1%  
  Academic Support     (11,547,401)     (10,761,553)       (785,848) 7%  
  Student Services       (6,799,821)       (6,974,565)        174,744 -3%  
  Institutional Support     (20,849,210)     (18,027,341)     (2,821,869) 16%  
  Operation & Maintenance of Plant     (10,802,209)     (10,383,737)       (418,472) 4%  
  Student Financial Support       (2,594,013)       (1,218,568)     (1,375,445) 113%  
  Auxiliary Activities                     -                     -                   - 0%  
  Sales and Services of Dept Activities     (11,216,023)     (13,069,259)      1,853,236            (0)  
  Student Residents     (11,333,638)       (8,272,199)     (3,061,439) -14%  
  Depreciation     (11,179,758)     (11,040,263)       (139,495) 1%  
  OPERATING EXPENSES   (182,310,926)   (165,366,516)   (16,944,410) 10%  
  Operating revenue (loss)     (62,130,695)     (61,106,569)     (1,024,126) 2%  
       
  State appropriations, Operating      48,131,899      48,403,799       (271,900) -1%  
  Gift Income        9,438,908        6,963,708      2,475,200 36%  
  Investment Income (loss)        2,390,156        1,454,676        935,480 64%  
  Interest Expense       (2,112,313)       (1,991,138)       (121,175) 6%  
  Loss on Disposal of Capital Assets         (319,125)         (348,404)          29,279 -8%  
  NET NONOPERATING REVENUES      57,529,525      54,482,641      3,046,884 6%  
    Income (loss) before other revenues       (4,601,170)       (6,623,928)      2,022,758 -31%  
           
  Capital Appropriations        8,120,233        2,541,284      5,578,949 220%  
  Capital Grants and Gifts        4,232,389        1,144,846      3,087,543 270%  
  OTHER REVENUES      12,352,622        3,686,130      8,666,492 235%  
         
Net increase (decrease) in Net Assets        7,751,452       (2,937,798)    10,689,250 -364%  
Net Assets, Beginning of Year    201,335,786    204,273,124     (2,937,338) -1%  
Net Assets, End of Period  $209,087,238  $201,335,326  $  7,751,912 4%