Combining Income Statement by Object - Current Year 08
Unrestricted Funds Restricted Funds Investment in Plant 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        27,889,042                        -         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          4,508,562            213,948                        -           4,722,510        (95,668)           4,626,842
Student Resident Fees         17,337,979                       -                        -         17,337,979           (179,751)        618,925         17,777,153
Sales and Services of Dept Activities         10,039,333              95,829                        -         10,135,162       (523,257)           9,611,905
OPERATING REVENUES       117,967,517        33,247,019                        -       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        (23,825,482)         (1,424,580)                        -        (25,250,062)        1,093,955                 -                  -        (24,156,107)
Operation & Maintenance of Plant        (14,514,218)         (2,115,935)         (1,784,682)        (18,414,835)        6,229,516                      -                  -        (12,185,319)
Student Financial Support        (16,102,216)         (7,467,523)                        -        (23,569,739)                     -       21,782,448          (1,787,291)
Auxiliary Activities        (24,856,138)                       -                        -        (24,856,138)           764,997  -    24,091,141                        -
Student Residents                        -                       -                        -                        -            179,751  (12,061,649)        (11,881,898)
Sales and Services of Dept Activities                        -                       -                        -                        -  (12,029,493)        (12,029,493)
Depreciation                        -                       -        (11,504,971)        (11,504,971)        (11,504,971)
OPERATING EXPENSES      (168,843,983)       (46,301,609)        (13,289,653)      (228,435,245)      11,003,937                 -       21,962,199                  -       (195,469,110)
Mandatory Transfers In               57,890          4,956,874                        -           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         45,104,740        14,433,018                        -         59,537,758         59,537,758
Non Mandatory Transfers Out        (46,756,777)       (12,780,517)                  (465)        (59,537,759)                  -        (59,537,759)
TRANSFERS         (5,485,462)          5,485,927                  (465)                        -                     -                 -                      -                  -                        -
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)            (153,658)            133,328                        -              (20,330)               (20,330)
Interest Expense                        -         (2,133,617)               38,067          (2,095,550)          (2,095,550)
Capital Appropriations                        -                       -                        -                        -                        -
Capital Grants and Gifts             112,502            947,455             738,384           1,798,341           1,798,341
Loss on Disposal of Capital Assets                        -                       -         10,807,130         10,807,130     (11,003,937)                 -                  -             (196,807)
NON-OPERATING REVENUES (EXPENSES)         55,533,750          5,503,835         11,583,581         72,621,166     (11,003,937)                 -                      -                  -         61,617,229
Net increase (decrease) in Net Assets            (828,178)         (2,064,828)         (1,706,537)          (4,599,543)                     -                 -                      -                  -          (4,599,543)
Net Assets, Beginning of Year          7,979,040        27,198,635       173,909,562       209,087,237        209,087,237
Net Assets, End of Year  $       7,150,862  $    25,133,807  $   172,203,025  $    204,487,694  $                 -  $             -  $                   -  $              -  $    204,487,694