(Unaudited)
| December 2014 | December 2013 |
|---|
| Cash flows from operating activities | | |
|---|
| Tuition and fees | 4,291,072 | 6,354,315 |
|---|
| Grants and contracts | 10,838,680 | 10,030,694 |
|---|
| Payments to suppliers | (9,760,656) | (11,260,754) |
|---|
| Payments to employees | (16,693,486) | (17,349,243) |
|---|
| Student financial aid | (3,738,837) | (4,670,485) |
|---|
| Loans issued to students | (440,344) | 22,183 |
|---|
| Collection of loans issued to students | 124,633 | 92,361 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls and dining | 4,098,565 | 3,314,793 |
|---|
| Bookstore | 4,990 | 75,000 |
|---|
| Other auxiliaries | 14,705 | 52,373 |
|---|
| Other receipts | 1,460,277 | 1,127,410 |
|---|
| Net cash from operating activities | (9,800,401) | (12,211,351) |
|---|
| Cash flows from noncapital financing activities | | |
|---|
| State appropriations | 12,886,280 | 12,945,572 |
|---|
| Federal grants and contracts | 2,658,454 | 3,187,807 |
|---|
| Gifts for other than capital purposes | 39 | 89,102 |
|---|
| Student organization agency receipts | 87,688 | 68,693 |
|---|
| Student organization agency disbursements | (79,314) | (70,044) |
|---|
| Other receipts (payments) | - | 500 |
|---|
| Net cash from noncapital financing activities | 15,553,147 | 16,221,629 |
|---|
| Cash flows from capital financing activities | | |
|---|
| Capital appropriations | - | - |
|---|
| Purchases of capital assets | (418,323) | (720,149) |
|---|
| Proceeds from capital debt | - | - |
|---|
| Principal paid on capital debt | (380,329) | (726,397) |
|---|
| Interest paid on capital debt | (129,124) | (161,621) |
|---|
| Net cash flows from capital financing activities | (927,776) | (1,608,166) |
|---|
| Cash flows from investing activities | | |
|---|
| Interest received on investments | 1,198,513 | 185,030 |
|---|
| Investment expenses | - | (32,721) |
|---|
| Proceeds from sale of investments | 3,009,727 | 2,640,197 |
|---|
| Purchases of investments | (4,208,240) | (2,634,271) |
|---|
| Other Investments | - | (167,205) |
|---|
| Net cash flows from investing activities | - | (8,970) |
|---|
| Net increase (decrease) in cash and cash equivalents | 4,824,970 | 2,393,142 |
|---|
| Cash and cash equivalents at beginning of year | 19,575,963 | 21,107,984 |
|---|
| Cash and cash equivalents at end of year | 24,400,933 | 23,501,127 |
|---|
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