Combining Income Statement by Object - Current Year 07
 
    Adjustments & Eliminations  
    Unrestricted Funds Restricted Funds Investment in Plant Combined Total Capital Tuition  
  Expenses 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 Contracts              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
  Salaries & Wages - Non-Faculty       (34,380,977)      (6,351,264)                    -    (40,732,241)                   -                     -                 -    (40,732,241)
  Salaries & Wages - Faculty       (28,057,186)      (3,755,888)                    -    (31,813,074)                   -                     -                 -    (31,813,074)
  Salaries & Wages - Graduate Students         (3,548,632)      (3,398,029)                    -      (6,946,661)                   -                     -                 -      (6,946,661)
  Salaries & Wages - Undergrad Students         (2,930,593)      (1,124,867)                    -      (4,055,460)                   -                     -                 -      (4,055,460)
  Fringe Benefits       (27,407,674)      (3,469,569)                    -    (30,877,243)                   -                     -                 -    (30,877,243)
  Supplies and Services       (34,689,988)    (24,436,483)      (1,246,621)    (60,373,092)    18,419,774                     -                 -    (41,953,318)
  Scholarships and Fellowships       (15,613,173)      (8,758,139)                    -    (24,371,312)                   -      18,142,885                 -      (6,228,427)
  Utilities         (8,495,035)          (29,712)                    -      (8,524,747)                   -                     -                 -      (8,524,747)
  Depreciation                       -                    -    (11,179,758)    (11,179,758)                   -                     -                 -    (11,179,758)
  OPERATING EXPENSES     (155,123,258)    (51,323,951)    (12,426,379)  (218,873,588)    18,419,774      18,142,885                 -   (182,310,929)
  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           (941,313)       5,125,609       3,567,152       7,751,448                   -                     -                 -       7,751,448
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  $      7,989,596  $ 27,188,077  $173,909,561  $209,087,234  $               -  $                 -  $             -  $209,087,234