June 30, 2011
Figure 1
Total operating revenues were $45.0 million for the year ended June 30, 2011, a decrease of $328,636 compared to FY10. The primary components were federal, state and local grants and contracts of $14.1 million (31.2%), student tuition and fees, net of $18.2 million (40.4%), federal appropriations of $5 million (11.2%) and auxiliary services and other revenues of $7.7 million (17.2%). FY11 Student tuition and fees revenue increased $1,688,609 compared to FY10 due to increased tuition fees and enrollment. FY11 Grants and contracts revenue decreased $522,871 compared to FY10 due to decreased awards and spending. FY11 Federal appropriations decreased $1,464,811 compared to FY10. FY11 auxiliary enterprises revenue decreased $126,842 compared to FY10. Refer to Figure 1 for the three year trend of the operating revenues as a percent to total operating revenues.