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Combined Income Statement by Object |
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Combined Income Statement by Object |
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(Statement of revenues, Expenses, and Changes in
Net Assets) |
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As of: |
June |
June |
Variance |
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Current Year |
Prior Year |
Amount |
Percent |
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Student Tuition and Fees |
$ 54,820,288 |
$ 48,799,993 |
$ 6,020,295 |
12% |
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Federal Grants and Contracts |
28,008,026 |
23,234,168 |
4,773,858 |
21% |
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State/Local Grants and Contracts |
3,206,824 |
3,805,813 |
(598,989) |
-16% |
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Nongovernmental Grants and Contracts |
11,201,299 |
12,508,760 |
(1,307,461) |
-10% |
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Indirect Cost Recoveries |
- |
-
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- |
0% |
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Educational Activities |
4,626,842 |
4,105,652 |
521,190 |
13% |
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Student Resident Fees |
17,777,153 |
16,014,265 |
1,762,888 |
11% |
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Sales and Services of Dept Activities |
9,611,905 |
8,828,984 |
782,921 |
9% |
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OPERATING REVENUES |
129,252,337 |
117,297,635 |
11,954,702 |
10% |
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Salaries & Wages |
(89,640,024) |
(83,547,436) |
(6,092,588) |
7% |
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Fringe Benefits |
(35,436,712) |
(30,877,243) |
(4,559,469) |
15% |
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Supplies and Services |
(44,953,591) |
(41,953,316) |
(3,000,275) |
7% |
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Scholarships and Fellowships |
(5,458,639) |
(6,228,427) |
769,788 |
-12% |
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Utilities |
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(8,475,171) |
(8,524,747) |
49,576 |
-1% |
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Depreciation |
(11,504,971) |
(11,179,758) |
(325,213) |
3% |
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OPERATING EXPENSES |
(195,469,109) |
(182,310,927) |
(13,158,181) |
7% |
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Operating loss |
(66,216,771) |
(65,013,292) |
(1,203,479) |
2% |
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Federal Grants |
3,229,124 |
2,882,596 |
346,528 |
12% |
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State appropriations, Operating |
49,028,200 |
48,131,899 |
896,301 |
2% |
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Gift Income |
9,874,251 |
9,438,908 |
435,343 |
5% |
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Investment Income (loss) |
(20,330) |
2,390,156 |
(2,410,486) |
-101% |
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Interest Expense |
(2,095,550) |
(2,112,313) |
16,763 |
-1% |
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Loss on Disposal of Capital Assets |
(196,807) |
(319,126) |
122,319 |
-38% |
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NET NONOPERATING REVENUES |
59,818,888 |
60,412,120 |
(593,232) |
-1% |
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Income (loss) before other revenues |
(6,397,883) |
(4,601,172) |
(1,796,711) |
39% |
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Capital Appropriations |
- |
8,120,233 |
(8,120,233) |
-100% |
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Capital Grants and Gifts |
1,798,341 |
4,232,389 |
(2,434,048) |
-58% |
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OTHER REVENUES |
1,798,341 |
12,352,622 |
(10,554,281) |
-85% |
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| Net increase
(decrease) in Net Assets |
(4,599,542) |
7,751,450 |
(12,350,992) |
-159% |
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| Net Assets, Beginning of Year |
209,087,237 |
201,335,786 |
7,751,451 |
4% |
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| Net Assets, End
of Period |
$204,487,695 |
$209,087,236 |
$ (4,599,541) |
-2% |
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