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  $  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 Contracts      12,508,760       9,448,435      3,060,325 32%  
  Indirect Cost Recoveries                     -                    -                   - 0%  
  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%  
       
  Salaries & Wages     (83,547,436)    (76,704,682)     (6,842,754) 9%  
  Fringe Benefits     (30,877,243)    (28,496,711)     (2,380,532) 8%  
  Supplies and Services     (41,953,317)    (36,459,940)     (5,493,377) 15%  
  Scholarships and Fellowships      (6,228,427)      (4,663,553)     (1,564,874) 34%  
  Utilities        (8,524,747)      (8,001,307)       (523,440) 7%  
  Depreciation     (11,179,758)    (11,040,263)       (139,495) 1%  
  OPERATING EXPENSES   (182,310,928)  (165,366,456)   (16,944,472) 10%  
  Operating revenue (loss)     (62,130,697)    (61,106,509)     (1,024,188) 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      (4,601,172)      (6,623,868)      2,022,696 -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       7,751,450      (2,937,738)    10,689,188 -364%  
Net Assets, Beginning of Year    201,335,786   204,273,124     (2,937,338) -1%  
Net Assets, End of Year  $209,087,236  $201,335,386  $  7,751,850 4%