$600k due to an increase in program expenses; a variance in operations and maintenance of $600k due to expenses related to the Aquaculture Production Lab; a variance in student aid of $1.6 million due primarily to an increase in Pell grants.

7. The Statement of Cash Flows reflects a net increase of $3.3 million at August 31, 2012. Operations consumed $4.0 million in August 2012 (FY13) and $2.4 million in August 2011 (FY12).