(Unaudited)
| December 2014 | December 2013 | |
| NON-OPERATING REVENUES (EXPENSES) | ||
| State appropriations | 12,886,280 | 12,945,572 |
| Federal grants and contracts | 2,658,453 | 3,187,807 |
| Gifts | - | 89,102 |
| Investment income (net of investment expenses) | (1,871,502) | 1,089,050 |
| Interest on capital asset related debt | (129,124) | (161,621) |
| Other non-operating revenues (expenses) | - | 500 |
| Net non-operating revenues | 13,544,107 | 17,150,410 |
| Income (loss) before other revenues, expenses, gains or losses | 5,683,089 | 2,974,551 |
| Endowment Gifts | 39 | - |
| Capital appropriations | - | - |
| Increase (decrease) in net assets | 5,683,128 | 2,974,551 |
| Net assets, beginning of year | 110,017,536 | 114,056,265 |
| Net assets, end of year | 115,700,664 | 117,030,816 |
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