Statement of Cash Flows Periods Ending February 28, 2014 and March 31, 2013 (Unaudited)
| February 2014 | March 2013 | |
| Cash flows from operating activities | ||
| Tuition and fees | 12,304,443 | 12,512,111 |
| Grants and contracts | 11,417,407 | 14,381,472 |
| Payments to suppliers | (13,959,178) | (26,749,652) |
| Payments to employees | (23,478,005) | (26,166,005) |
| Student financial aid | (8,704,834) | - |
| Loans issued to students | 19,837 | - |
| Collection of loans issued to students | 99,990 | - |
| Auxiliary enterprises | ||
| Residence halls and dining | 5,933,913 | 5,531,723 |
| Bookstore | 75,000 | 112,500 |
| Other auxiliaries | 57,914 | 192,874 |
| Other receipts | 1,722,816 | 773,179 |
| Net cash from operating activities | (14,510,697) | (19,411,798) |
| Cash flows from noncapital financing activities | ||
| State appropriations | 18,829,921 | 18,826,621 |
| Federal grants and contracts | 5,840,506 | 5,777,948 |
| Gifts for other than capital purposes | - | 8,095 |
| Student organization agency receipts | 74,078 | 5,648 |
| Student organization agency disbursements | (70,044) | - |
| Other receipts (payments) | 2,580 | 960,748 |
| Net cash from noncapital financing activities | 24,677,041 | 25,579,060 |
| Cash flows from capital financing activities | ||
| Capital appropriations | - | - |
| Purchases of capital assets | (743,316) | (2,053,781) |
| Proceeds from capital debt | - | - |
| Principal paid on capital debt | (269,601) | 89,525 |
| Interest paid on capital debt | (161,621) | (176,533) |
| Net cash flows from capital financing activities | (1,174,538) | (2,518,069) |
| Cash flows from investing activities | ||
| Interest received on investments | (619,608) | 199,643 |
| Investment expenses | (43,942) | (64,012) |
| Proceeds from sale of investments | 8,040,635 | 2,873,512 |
| Purchases of investments | (7,386,016) | (4,232,410) |
| Net cash flows from investing activities | (8,931) | (1,223,267) |
| Net increase (decrease) in cash and cash equivalents | 8,892,875 | 2,425,926 |
| Cash and cash equivalents at beginning of year | 21,107,984 | 23,842,721 |
| Cash and cash equivalents at end of year | 30,090,859 | 26,268,647 |