Combining Income Statement by Function - Current Year 07
			Unrestricted Funds	Restricted Funds	Investment in Plant	Combined Total
							Capital Expenses	Capital Gifts	Tuition Allowance	Other	Total
		Student Tuition and Fees	$     66,788,437	$                   -	$                    -	$     66,788,437	$                 -	$             -	$   (17,988,444)	$              -	$      48,799,993
		Federal Grants and Contracts	42,368	26,074,396	-	26,116,764	-	-	-	-	26,116,764
		State/Local Grants and Contracts	-	3,805,813	-	3,805,813	-	-	-	-	3,805,813
		Nongovernmental Grants and Contract	30,000	12,478,760	-	12,508,760	-	-	-	-	12,508,760
		Indirect Cost Recoveries	8,973,234	(8,973,234)	-	-	-	-	-	-	-
		Educational Activities	4,008,890	189,295	-	4,198,185	-	-	-	(92,533)	4,105,652
		Student Resident Fees	15,522,845	-	-	15,522,845	-	-	(154,441)	645,861	16,014,265
		Sales and Services of Dept Activities	9,366,328	15,984	-	9,382,312	-	-	-	(553,328)	8,828,984
	OPERATING REVENUES		104,732,102	33,591,014	-	138,323,116	-	-	(18,142,885)	-	120,180,231
		Instruction	(48,465,506)	(368,867)	-	(48,834,373)	489,985	-	-	-	(48,344,388)
		Research	(16,293,858)	(28,130,796)	-	(44,424,654)	1,662,594	-	-	-	(42,762,060)
		Public Service	(1,421,806)	(3,485,709)	-	(4,907,515)	25,110	-	-	-	(4,882,405)
		Academic Support	(11,772,526)	(32,953)	-	(11,805,479)	258,078	-	-	-	(11,547,401)
		Student Services	(6,416,546)	(394,294)	-	(6,810,840)	11,019	-	-	-	(6,799,821)
		Institutional Support	(21,039,572)	(1,395,998)	-	(22,435,570)	1,586,360	-	-	-	(20,849,210)
		Operation & Maintenance of Plant	(12,812,158)	(10,365,694)	(1,246,621)	(24,424,473)	13,622,264	-	-	-	(10,802,209)
		Student Financial Support	(13,453,651)	(7,148,469)	-	(20,602,120)	19,663	-	17,988,444	-	(2,594,013)
		Auxiliary Activities	(23,447,632)	(1,171)	-	(23,448,803)	744,701	-	-	22,704,102	-
		Student Residents	-	-	-	-	-	-	154,441	(11,488,079)	(11,333,638)
		Sales and Services of Dept Activities	-	-	-	-	-	-	-	(11,216,023)	(11,216,023)
		Depreciation	-	-	(11,179,758)	(11,179,758)	-	-	-	-	(11,179,758)
	OPERATING EXPENSES		(155,123,255)	(51,323,951)	(12,426,379)	(218,873,585)	18,419,774	-	18,142,885	-	(182,310,926)
		Mandatory Transfers In	59,890	7,726,175	-	7,786,065	-	-	-	-	7,786,065
		Mandatory Transfers Out	(3,749,094)	(1,059,928)	(2,977,043)	(7,786,065)	-	-	-	-	(7,786,065)
		Non Mandatory Transfers In	35,367,346	7,804,586	-	43,171,932	-	-	-	-	43,171,932
		Non Mandatory Transfers Out	(38,077,623)	(5,296,787)	202,477	(43,171,933)	-	-	-	-	(43,171,933)
	TRANSFERS		(6,399,481)	9,174,046	(2,774,566)	(1)	-	-	-	-	(1)
		State appropriations, Operating	48,131,899	-	-	48,131,899	-	-	-	-	48,131,899
		Gift Income	5,920,374	3,518,534	-	9,438,908	-	-	-	-	9,438,908
		Investment Income (loss)	1,736,397	653,759	-	2,390,156	-	-	-	-	2,390,156
		Interest Expense	-	(2,150,380)	38,067	(2,112,313)	-	-	-	-	(2,112,313)
		Capital Appropriations	-	8,120,233	-	8,120,233	-	-	-	-	8,120,233
		Capital Grants and Gifts	60,654	3,542,354	629,381	4,232,389	-	-	-	-	4,232,389
		Loss on Disposal of Capital Assets	-	-	18,100,649	18,100,649	(18,419,774)	-	-	-	(319,125)
	NON-OPERATING REVENUES (EXPENSES)		55,849,324	13,684,500	18,768,097	88,301,921	(18,419,774)	-	-	-	69,882,147
Net increase (decrease) in Net Assets			(941,310)	5,125,609	3,567,152	7,751,451	-	-	-	-	7,751,451
Net Assets, Beginning of Year			8,930,909	22,062,468	170,342,409	201,335,786	-	-	-	-	201,335,786
Net Assets, End of Year			$       7,989,599	$    27,188,077	$   173,909,561	$    209,087,237	$                 -	$             -	$                   -	$              -	$    209,087,237