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                    "text": "Total operating revenue at February 2009 total $29.9 million and operating expenses total $41.3 million creating an operating income loss of $11.4 million. State appropriations are recognized as non-operating revenues and have been received in the amount of $21.6 million at February 2009. The FY2009 reduction will be realized in April and reduced from the April 2009 distribution.",
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                    "text": "After recording adjustments and accruals (e.g., bad debt expense and accrued liabilities) and including capital appropriations, the final change in net assets at February 2009 is an increase of $12.7 million.",
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                    "text": "Fiscal Year 2009 Projection. A report that projects operations through June 30, 2009 indicates a surplus of $330,358 which anticipates state reductions and reduced summer school revenue."
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