Combining Income Statements by Function Current Year 08

Current Unrestricted

Expendable Restricted Fund

Loan Fund

Plant Fund

Combined Total

Capital Expenses

Capital Gifts

Tuition Allowance

Other

Total

Student Tuition and Fees

$ 76,602,736

$ -

$ -

$ -

$ 76,602,736

$ -

$ -

$ (21,782,448)

$ -

$ 54,820,288

Federal Grants and Contracts

118,984

27,970,208

(81,166)

-

28,008,026

-

-

-

-

28,008,026

State/Local Grants and Contracts

-

3,206,824

-

-

3,206,824

-

-

-

-

3,206,824

Nongovernmental Grants and Contract

-

11,201,299

-

-

11,201,299

-

-

-

-

11,201,299

Indirect Cost Recoveries

9,359,923

(9,359,923)

-

-

-

-

-

-

-

-

Educational Activities

4,506,336

213,948

-

2,226

4,722,510

-

-

-

-

4,722,510

Student Resident Fees

17,337,979

-

-

-

17,337,979

-

-

(179,751)

-

17,158,228

Sales and Services of Dept Activities

10,039,333

95,829

-

-

10,135,162

-

-

-

-

10,135,162

OPERATING REVENUES

117,965,291

33,328,185

(81,166)

2,226

151,214,536

-

-

(21,962,199)

-

129,252,337

Instruction

(51,828,000)

(384,672)

-

-

(52,212,672)

249,074

-

-

-

(51,963,598)

Research

(17,418,955)

(29,915,683)

-

-

(47,334,638)

2,379,175

-

-

-

(44,955,463)

Public Service

(1,398,311)

(4,547,810)

-

-

(5,946,121)

40,276

-

-

-

(5,905,845)

Academic Support

(12,044,182)

(68,589)

-

-

(12,112,771)

226,509

-

-

-

(11,886,262)

Student Services

(6,856,481)

(376,817)

-

-

(7,233,298)

20,434

-

-

-

(7,212,864)

Institutional Support

(23,806,866)

(3,747)

-

(1,439,449)

(25,250,062)

1,093,955

-

-

-

(24,156,107)

Operation & Maintenance of Plant

(11,808,058)

-

-

(6,604,503)

(18,412,561)

2,734,326

-

-

-

(15,678,235)

Student Financial Support

(16,102,216)

(7,431,267)

(36,256)

-

(23,569,739)

-

-

21,782,448

-

(1,787,291)

Auxiliary Activities

(24,848,477)

-

-

(7,661)

(24,856,138)

764,997

-

-

24,091,141

-

Student Residents

-

-

-

-

-

-

-

179,751

(12,045,571)

(11,865,820)

Sales and Services of Dept Activities

-

-

-

-

-

-

-

-

(12,045,571)

(12,045,571)

Depreciation

-

-

-

(11,504,971)

(11,504,971)

-

-

-

-

(11,504,971)

OPERATING EXPENSES

(166,111,546)

(42,728,585)

(36,256)

(19,556,584)

(228,432,971)

7,508,746

-

21,962,199

-

(198,962,026)

Mandatory Transfers In

-

2,398,561

-

2,616,203

5,014,764

-

-

-

-

5,014,764

Mandatory Transfers Out

(3,891,315)

(1,123,448)

-

-

(5,014,763)

-

-

-

-

(5,014,763)

Non Mandatory Transfers In

42,605,617

3,842,365

-

13,089,777

59,537,759

-

-

-

-

59,537,759

Non Mandatory Transfers Out

(46,321,658)

(2,380,377)

-

(10,835,724)

(59,537,759)

-

-

-

-

(59,537,759)

TRANSFERS

(7,607,356)

2,737,101

-

4,870,256

1

-

-

-

-

1

Federal Grants

-

3,229,124

-

-

3,229,124

-

-

-

-

3,229,124

State appropriations, Operating

49,028,200

-

-

-

49,028,200

-

-

-

-

49,028,200

Gift Income

6,546,706

3,327,545

-

-

9,874,251

-

-

-

-

9,874,251

Investment Income (loss)

(386,043)

8,973

143,150

213,590

(20,330)

-

-

-

-

(20,330)

Interest Expense

-

-

-

(2,095,550)

(2,095,550)

-

-

-

-

(2,095,550)

Capital Appropriations

-

-

-

-

-

-

-

-

-

-

Capital Grants and Gifts

-

-

-

1,798,341

1,798,341

-

-

-

-

1,798,341

Fund Additions (Deductions)

-

-

-

10,807,130

10,807,130

(7,508,746)

-

-

-

3,298,384

NON-OPERATING REVENUES (EXPENSE

55,188,863

6,565,642

143,150

10,723,511

72,621,166

(7,508,746)

-

-

-

65,112,420

Net increase (decrease) in Net Assets

(564,748)

(97,657)

25,728

(3,960,591)

(4,597,268)

-

-

-

-

(4,597,268)

Net Assets, Beginning of Year

13,049,074

3,030,770

13,619,584

179,387,809

209,087,237

-

-

-

-

209,087,237

Net Assets, End of Year

$ 12,484,326

$ 2,933,113

$ 13,645,312

$ 175,427,218

$ 204,489,969

$ -

$ -

$ -

$ -

$ 204,489,969

Combined Income Statement by Function

(Statement of Revenues, Expenses, and Changes in Net Assets)

As of Date

June

June

Variance

Current

Prior

Amount

Percent

Student Tuition and Fees

$ 54,820,288

$ 48,799,993

$ 6,020,295

12%

Federal Grants and Contracts

28,008,026

23,234,168

4,773,858

21%

State/Local Grants and Contracts

3,206,824

3,805,813

(598,989)

-16%

Nongovernmental Grants and Contract

11,201,299

12,508,760

(1,307,461)

-10%

Educational Activities

4,626,842

4,105,652

521,190

13%

Student Resident Fees

17,777,153

16,014,265

1,762,888

11%

Sales and Services of Dept Activities

9,611,905

8,828,984

782,921

9%

OPERATING REVENUES

129,252,337

117,297,635

11,954,702

10%

Instruction

(51,963,598)

(48,344,356)

(3,619,242)

7%

Research

(44,955,463)

(42,762,092)

(2,193,371)

5%

Public Service

(5,905,845)

(4,882,405)

(1,023,440)

21%

Academic Support

(11,886,262)

(11,547,401)

(338,861)

3%

Student Services

(7,212,864)

(6,799,821)

(413,043)

6%

Institutional Support

(24,156,107)

(20,849,210)

(3,306,897)

16%

Operation & Maintenance of Plant

(12,185,319)

(10,802,208)

(1,383,111)

13%

Student Financial Support

(1,787,291)

(2,594,013)

806,722

-31%

Auxiliary Activities

-

-

-

0%

Sales and Services of Dept Activities

(12,029,493)

(11,216,023)

(813,470)

7%

Student Residents

(11,881,898)

(11,333,658)

(548,240)

5%

Depreciation

(11,504,971)

(11,179,758)

(325,213)

3%

OPERATING EXPENSES

(195,469,110)

(182,310,945)

(13,158,164)

7%

Operating loss

(66,216,772)

(65,013,310)

(1,203,462)

2%

Federal Grants

3,229,124

2,882,596

346,528

12%

State appropriations, Operating

49,028,200

48,131,899

896,301

2%

Gift Income

9,874,251

9,438,908

435,343

5%

Investment Income (loss)

(20,330)

2,390,156

(2,410,486)

-101%

Interest Expense

(2,095,550)

(2,112,313)

16,763

-1%

Loss on Disposal of Capital Assets

(196,807)

(319,126)

122,319

-38%

NET NONOPERATING REVENUES

59,818,888

60,412,120

(593,232)

-1%

Income (loss) before other revenues

(6,397,884)

(4,601,190)

(1,796,694)

39%

Capital Appropriations

-

8,120,233

(8,120,233)

-100%

Capital Grants and Gifts

1,798,341

4,232,389

(2,434,048)

-58%

OTHER REVENUES

1,798,341

12,352,622

(10,554,281)

-85%

Net increase (decrease) in Net Assets

(4,599,543)

7,751,432

(12,350,975)

-159%

Net Assets, Beginning of Year

209,087,237

201,335,786

7,751,451

4%

Net Assets, End of Period

$204,487,694

$209,087,218

$ (4,599,524)

-2%