| REVENUES | |
| Operating revenues | |
|---|---|
| Student tuition and fees (net of scholarship allowances of $3,122,518) | $ 12,710,272 |
| Federal grants and contracts | |
| State and local grants and contracts | 22,064,973 |
| Other operating revenues | 1,992,740 |
| Auxiliary enterprises: | 1,007,085 |
| Residence halls | 2,648,590 |
| Dining | 2,527,391 |
| Bookstore | - |
| Other auxiliaries | - |
| Total operating revenues | 42,951,051 |
| EXPENSES | |
| Operating expenses | |
| Educational and general | |
| Instruction | 9,792,842 |
| Research | 7,176,825 |
| Public service | 9,154,196 |
| Academic support | 425,162 |
| Student services | 8,974,990 |
| Institutional support | 15,750,841 |
| Operation and maintenance of plant | 5,293,661 |
| Student aid | 8,286,818 |
| Depreciation | 3,414,194 |
| Auxiliary enterprises | |
| Residence halls | 1,212,849 |
| Dining | 1,944,308 |
| Other auxiliaries | 1,003,413 |
| Bookstore | 1,007,162 |
| Depreciation | 299,069 |
| Total operating expenses | 73,736,332 |
| Operating loss | (30,785,281) |
| NONOPERATING REVENUES (EXPENSES) | |
| State appropriations | 25,766,500 |
| Federal grants and contracts | 4,703,308 |
| Investment income (net of investment expense) | 590,615 |
| Interest on capital asset-related debt | 30,968 |
| Net non-operating revenues | 31,091,391 |
| Income before capital appropriations | 306,110 |
| Capital appropriations | |
| Change in net position | 306,110 |
| NET POSITION | |
| Net position, beginning of year | (3,911,645) |
| Net position, end of year | $ (3,605,535) |
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