(Unaudited)
| February 2014 | March 2013 |
|---|
| REVENUES | | |
|---|
| Operating revenue: | | |
|---|
| Student tuition and fees (gross) | 20,197,894 | 20,913,533 |
|---|
| Less: Scholarship allowances | (4,738,237) | (4,306,235) |
|---|
| Student tuition and fees (net of scholarships) | 15,459,657 | 16,607,298 |
|---|
| Federal grants and contracts | 4,153,164 | 6,240,238 |
|---|
| Federal appropriations | 4,545,828 | 4,492,646 |
|---|
| State and local grants and contracts | 1,542,343 | 1,003,525 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls | 3,076,999 | 2,757,183 |
|---|
| Dining | 2,856,915 | 2,774,541 |
|---|
| Bookstore | 75,000 | 112,500 |
|---|
| Other auxiliaries | 57,914 | 192,874 |
|---|
| Other operating revenues | 1,607,640 | 821,186 |
|---|
| Total operating revenue | 33,375,460 | 35,001,991 |
|---|
| EXPENSES | | |
|---|
| Operating expenses: | | |
|---|
| Educational and general | | |
|---|
| Instruction | 7,845,602 | 8,633,085 |
|---|
| Research | 3,523,654 | 4,333,438 |
|---|
| Public service | 4,807,764 | 5,222,460 |
|---|
| Academic support | 1,592,686 | 2,466,030 |
|---|
| Student services | 4,747,322 | 5,323,931 |
|---|
| Institutional support | 7,565,036 | 7,658,172 |
|---|
| Operations and maintenance of plant | 3,721,605 | 4,458,414 |
|---|
| Student aid | 8,734,353 | 8,308,500 |
|---|
| Depreciation | 2,411,680 | 2,780,037 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls | 969,653 | 1,550,403 |
|---|
| Dining | 1,912,015 | 2,036,764 |
|---|
| Other auxiliaries | 639,919 | 777,639 |
|---|
| Depreciation | 192,183 | 226,879 |
|---|
| Total operating expenses | 48,303,473 | 53,775,749 |
|---|
| Operating income (loss) | (14,928,013) | (18,773,758) |
|---|