FGQMPA27G - Exhibit E
9/2/2003
	MICHIGAN TECHNOLOGICAL UNIVERSITY
	Combining Statement of Revenues, Expenditures and Transfers
	Current Funds
	Period 14, Fiscal Year 01
	General Fund	Designated Fund	Auxiliary Activities Fund	Retirment & Insurance Fund	Sub-Total	Expendable Restricted Fund	Total Current Funds
OPERATING REVENUES:
Student Tuition and Fees	39,861,289	1,534,509	329,354		41,725,153		41,725,153
Federal Grants and Contracts	115,741				115,741	15,454,860	15,570,601
State/Local Grants and Contracts						3,137,911	3,137,911
Nongovernmental Grants and Contracts		11,259			11,259	8,769,613	8,780,873
Indirect Cost Recoveries	4,761,814			0	4,761,814	-4,761,814	0
Educational Activities	705,652	2,406,380	1,017,713		4,129,745	169,988	4,299,734
Student Resident Fees			11,555,003		11,555,003		11,555,003
Sales and Services of Dept Activities	2,578	142,119	7,904,844		8,049,542	88,327	8,137,870
TOTAL OPERATING REVENUES	45,447,076	4,094,268	20,806,916	0	70,348,261	22,858,887	93,207,148
OPERATING EXPENSES:
Salaries & Wages - Non-Faculty	22,152,930	1,169,833	5,897,367	613,107	29,833,239	5,153,066	34,986,305
Salaries & Wages - Faculty	24,511,995	418,764	506,978		25,437,739	2,635,161	28,072,900
Salaries & Wages - Graduate Students	1,720,445	276,599	36,715		2,033,760	3,167,987	5,201,748
Salaries & Wages - Undergrad Students	1,191,972	235,515	1,233,826		2,661,314	929,213	3,590,528
Fringe Benefits	19,431,413	534,346	2,300,487	70,723	22,336,972	2,523,161	24,860,133
Capital Expenditures	1,244,414	738,160	1,936,467		3,919,042	2,008,771	5,927,813
Supplies and Services	13,199,480	4,181,542	6,422,287	603,564	24,406,874	6,165,616	30,572,490
Scholarships and Fellowships	9,691,679	91,061	361,902		10,144,643	8,310,953	18,455,596
Utilities	3,664,643	81,379	2,623,089		6,369,113	33,678	6,402,791
Depreciation
TOTAL OPERATING EXPENSES	96,808,974	7,727,205	21,319,123	1,287,396	127,142,699	30,927,609	158,070,308
TRANSFERS:
Mandatory Transfers In						-3,535,453	-3,535,453
Mandatory Transfers Out	2,883,305	206,561	303,096		3,392,962	1,406,585	4,799,547
Non Mandatory Transfers In	-2,981,442	-7,140,571	-12,645,067	-1,093,274	-23,860,355	-3,901,229	-27,761,584
Non Mandatory Transfers Out	8,902,737	4,524,993	13,680,386	-1,636,773	25,471,344	2,347,128	27,818,473
TOTAL TRANSFERS	8,804,600	-2,409,016	1,338,415	-2,730,047	5,003,951	-3,682,968	1,320,982
FUND BALANCE:
TOTAL FUND BALANCE
OPERATING INCOME (LOSS)	-60,166,499	-1,223,919	-1,850,622	1,442,651	-61,798,390	-4,385,752	-66,184,142
NONOPERATING REVENUES (EXPENSE)
State appropriations, Operating	54,262,610				54,262,610	178,610	54,441,221
Gift Income	897,360	1,908,851	381,553		3,187,765	3,177,645	6,365,410
Investment Income (loss)	-370,041	353,557	218,339	-1,442,651	-1,240,796	-60,067	-1,300,864
Interest Expense	-1,641	-303	-2,261		-4,206		-4,206
Capital Grants and Gifts
TOTAL NONOPERATING REVENUES (EXPENSE)	54,788,287	2,262,104	597,632	-1,442,651	56,205,372	3,296,188	59,501,561
OTHER REVENUE:
Capital appropriations
TOTAL OTHER REVENUE
INCREASE (DECREASE) IN NET ASSETS	-5,378,211	1,038,184	-1,252,990	0	-5,593,017	-1,089,564	-6,682,581
NET ASSETS (DEFICIT), As of 07/01/2000	117,782	5,416,970	2,217,524	0	7,752,276	2,208,059	9,960,336
NET ASSETS (DEFICIT), As of 06/30/2001	-5,260,429	6,455,155	964,533	0	2,159,259	1,118,495	3,277,754