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            "text": "Management’s Discussion and Analysis, continued",
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            "text": "June 30, 2012"
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            "text": "Total operating revenues were $43.5 million for the year ended June 30, 2012, a decrease of $1.5 million compared to FY11. The primary components were federal, state and local grants and contracts of $12.3 million (28.3%) student tuition and fees, net of $18.9 million (43.5%), federal appropriations of $3.8 million (8.8%) and auxiliary services and other revenues of $8.5 million (19.5%). FY12 Student tuition and fees revenue increased $742,120 compared to FY11 due to increased tuition fees. FY12 Grants and contracts of revenue decreased $1,798,919 compared to FY11 due to decreased awards and spending. FY12 Federal appropriations decreased $1,246,258 compared to FY11. FY12 Auxiliary enterprises revenue increased $220,125 compared to FY11. Refer to Figure 1 for the three year trend of the operating revenues as a percent to total operating revenues and revenue by category."
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