1. Tuition and fee revenue comparison for May 2013 and June 2012 represents a $1.6 million decrease. Net student tuition and fees totals $17.3 million and $18.9 million in May 2013 and June 2012 respectively.
  2. Auxiliary revenue comparison for May 2013 and June 2012 represents a decrease of $898 thousand.
  3. Operating expenses for May 2013 decreased by $10.8 million compared to operating expenses in June 2012. The decrease was primarily due to decreases in salaries and benefits.
  4. The Statement of Cash Flows reflects a net increase of $2.3 million at May 31, 2013. Operations consumed $24.8 million and $32.2 million in May 2013 and June 2012, respectively.

Informational

Initiator:Jessica Peete Senior Financial Analyst
Board Action Date:July 26, 2013
Effective Date:July 26, 2013