Years ended June 30, 2016 and 2015
| Cash flows from operating activities | 2016 | 2015 |
|---|
| Tuition and fees | $ 9,856,592 | $ 13,157,159 |
|---|
| Grants and contracts | 14,375,643 | 18,844,897 |
|---|
| Payments to suppliers | (17,377,862) | (19,301,690) |
|---|
| Payments to employees | (32,448,182) | (35,439,941) |
|---|
| Student financial aid | (5,915,937) | (7,268,917) |
|---|
| Collection of loans issued to students | (106,875) | (518,095) |
|---|
| Collection of loans issued to students | 172,642 | 249,253 |
|---|
| Auxiliary enterprises: | | |
|---|
| Residence halls and dining | 3,669,815 | 4,707,961 |
|---|
| Bookstore | - | 85,922 |
|---|
| Other auxiliaries | 33,027 | 32,154 |
|---|
| Other receipts | 864,985 | 2,351,404 |
|---|
| Net cash from operating activities | (26,876,152) | (23,099,893) |
|---|
| Cash flows from non-capital financing activities | | |
|---|
| State appropriations | 23,429,600 | 23,429,600 |
|---|
| Federal grants and contracts | 3,785,004 | 5,024,963 |
|---|
| Endowment gifts | 187 | 4,636 |
|---|
| Student organization agency receipts | 1,692 | 90,344 |
|---|
| Student organization agency disbursements | - | (92,123) |
|---|
| Net cash from non-capital financing activities | 27,216,483 | 28,457,420 |
|---|
| Cash flows from capital financing activities | | |
|---|
| Purchases of capital assets | (2,186,174) | (891,719) |
|---|
| Principal paid on capital debt | (781,978) | (756,897) |
|---|
| Interest paid on capital debt | (445,054) | (263,107) |
|---|
| Net cash from capital financing activities | (3,413,206) | (1,911,723) |
|---|
| Cash flows from investing activities | | |
|---|
| Investment income | 275,241 | 347,130 |
|---|
| Investment expenses | (65,397) | (66,770) |
|---|
| Proceeds from sale of investments | 8,620,976 | 5,901,009 |
|---|
| Purchases of investments | (8,830,820) | (6,181,369) |
|---|
| Net cash from investing activities | - | - |
|---|
| Net decrease in cash and cash equivalents | (3,072,875) | 3,445,804 |
|---|
| Cash and cash equivalents at beginning of year | 23,021,767 | 19,575,963 |
|---|
| Cash and cash equivalents at end of year | $ 19,948,892 | $ 23,021,767 |
|---|