June 30, 2016
Total operating revenues were $31.7 million for the year ended June 30, 2016, a decrease of $3.2 million compared to FY15. The primary components of operating revenue were federal, state and local grants and contracts of $9.8 million (31.0%) student tuition and fees, net, of $9.3 million (29.4%), federal appropriations of $8.0 million (25.3%) and auxiliary services and other revenues of $4.5 million (14.4%). FY16 Student tuition and fees revenue decreased $2.2 million compared to FY15. FY16 Grants and contracts of $1.3 million compared to FY15 due to decreased awards and spending. FY16 Federal appropriations increased $1.4 million compared to FY15. FY16 Auxiliary services and other revenue decreased $2.0 million compared to FY15. Refer to Figure 1 for the three year trend of the operating revenues as a percent to total operating revenues and revenue by category.
Operating expenses totaled $61.3 million, a decrease of $7.2 million from last year. Of this amount, $34.7 million (56.6%) was expended directly for the primary mission of the University – instruction (15.4%), research (10.5%), student services (8.7%), student aid (12.3%), and public service (9.8%). Instruction is the main component of Primary Mission expenses amounting to $9.5 million in fiscal year 2016 or 15.4%. Refer to Figure 2 for the operating expenses categorized into the Primary Mission of the University.