Combining Income Statement by Object - Prior 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          23,191,800                     -     23,234,168                  -                   -                  -      23,234,168
  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      15,527,631                         -                     -     15,527,631                  -        (154,441)        641,075      16,014,265
  Sales and Services of Dept Activities       9,361,542                15,984                     -       9,377,526                  -                   -       (548,542)        8,828,984
  OPERATING REVENUES    104,732,102          30,708,418                     -    135,440,520                  -   (18,142,885)                  -    117,297,635
  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     (34,670,544)         (24,455,929)      (1,246,621)    (60,373,094)   18,419,775                   -                  -     (41,953,319)
  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   (155,103,814)         (51,343,397)     (12,426,379)   (218,873,590)   18,419,775    18,142,885                  -   (182,310,930)
  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      37,335,434            7,834,586                     -     45,170,020                  -                   -                  -      45,170,020
  Non Mandatory Transfers Out     (40,075,711)           (5,296,787)          202,477    (45,170,021)                  -                   -                  -     (45,170,021)
  TRANSFERS      (6,429,481)            9,204,046      (2,774,566)                   (1)                  -                   -                  -                   (1)
  State appropriations, Operating                     -            2,882,596                     -       2,882,596                  -                   -                  -        2,882,596
  Gift Income      48,131,899                         -                     -     48,131,899                  -                   -                  -      48,131,899
  Investment Income (loss)       5,920,374            3,518,534                     -       9,438,908                  -                   -                  -        9,438,908
  Interest Expense       1,736,397              653,759                     -       2,390,156                  -                   -                  -        2,390,156
  Capital Appropriations                     -           (2,150,380)            38,067      (2,112,313)                  -                   -                  -       (2,112,313)
  Capital Grants and Gifts                     -            8,120,233                     -       8,120,233                  -                   -                  -        8,120,233
  Loss on Disposal of Capital Assets            60,654            3,542,354          629,381       4,232,389                  -                   -                  -        4,232,389
  NON-OPERATING REVENUES (EXPENSES)                     -                         -      18,100,649     18,100,649  (18,419,775)                   -                  -         (319,126)
Net increase (decrease) in Net Assets      55,849,324          16,567,096      18,768,097     91,184,517  (18,419,775)                   -                  -      72,764,742
Net Assets, Beginning of Year         (951,869)            5,136,163       3,567,152       7,751,446                  -                   -                  -        7,751,446
Net Assets, End of Year  $    8,930,909  $      22,010,364  $170,342,409  $201,283,682  $              -  $                -  $              -  $201,283,682