| OPERATING REVENUES | |
| Operating Revenues | |
|---|---|
| Student Tuition and Fees, Net of Scholarship | $ 7,772,530 |
| Allowance of $11,278,826 | 26,271,501 |
| Federal Grants and Contracts | 6,431,067 |
| State, Local and Other Grants and Contracts | 1,765,269 |
| Other Operating Revenue | |
| Auxiliary Enterprises: | |
| Residence Halls | 6,064,958 |
| Dining | 3,403,680 |
| Other Auxiliaries | 435,906 |
| Total Operating Revenues | 52,144,911 |
| OPERATING EXPENSES | |
| Instruction | 11,363,767 |
| Research | 15,773,416 |
| Public Service | 13,018,910 |
| Academic Support | 911,037 |
| Student Services | 7,955,993 |
| Institutional Support | 21,939,144 |
| Student Aid | 2,700,395 |
| Auxiliary Enterprises | 3,378,074 |
| Total Operating Expenses | 77,040,736 |
| OPERATING LOSS | (24,895,825) |
| NONOPERATING REVENUES (EXPENSES) | |
| State Appropriations | 28,468,739 |
| Federal Grants and Contracts | 8,079,784 |
| Investment Income, Net | 2,285,500 |
| Interest on Capital Assets - Related Debt | (2,356,242) |
| Loss on Disposal of Fixed Asset | (146,182) |
| Total Nonoperating Revenues (Expenses) | 36,331,599 |
| INCOME BEFORE OTHER REVENUES AND EXPENSES | 11,435,774 |
| CAPITAL GRANTS | 9,185,745 |
| CHANGE IN NET POSITION | 20,621,519 |
| Net Position - Beginning of Year | 11,691,577 |
| NET POSITION - END OF YEAR | $ 32,313,096 |
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