| 2011 | 2010 |
|---|
| Cash flows from operating activities | | |
|---|
| Tuition and fees | $ 17,013,052 | $ 17,597,145 |
|---|
| Grants and contracts | 18,371,985 | 19,511,851 |
|---|
| Payments to suppliers | (17,398,053) | (18,949,245) |
|---|
| Payments to employees | (36,041,598) | (35,268,268) |
|---|
| Student financial aid | (10,090,455) | (8,813,245) |
|---|
| Loans issued to students | (127,276) | - |
|---|
| Collection of loans issued to students | 141,366 | 117,100 |
|---|
| Auxiliary enterprises: | | |
|---|
| Residence halls and dining | 6,343,889 | 6,516,989 |
|---|
| Bookstore | 164,725 | 172,205 |
|---|
| Other auxiliaries | 110,090 | 56,352 |
|---|
| Other receipts | 856,779 | 1,597,507 |
|---|
| Net cash from operating activities | (20,655,496) | (17,461,609) |
|---|
| Cash flows from non-capital financing activities | | |
|---|
| State appropriations | 25,363,422 | 24,630,377 |
|---|
| Federal grants and contracts | 7,062,876 | 6,556,989 |
|---|
| Gifts for other than capital purposes | 969,703 | 613,057 |
|---|
| Student organization agency receipts | 23,225 | 7,884 |
|---|
| Student organization agency disbursements | (39,096) | (2,961) |
|---|
| Other receipts (payments) | (30,761) | (919,433) |
|---|
| Net cash from non-capital financing activities | 33,349,369 | 30,885,913 |
|---|
| Cash flows from capital and related financing activities | | |
|---|
| Capital appropriations | - | 1,760,427 |
|---|
| Purchases of capital assets | (5,245,486) | (7,300,237) |
|---|
| Principal paid on capital debt | (1,701,209) | (1,755,085) |
|---|
| Interest paid on capital debt | (429,253) | (483,085) |
|---|
| Net cash from capital and related financing activities | (7,375,948) | (7,777,980) |
|---|
| Cash flows from investing activities | | |
|---|
| Investment income | 1,835,922 | 628,029 |
|---|
| Investment expenses | (46,867) | (47,544) |
|---|
| Proceeds from sale of investments | 1,988,570 | 2,254,713 |
|---|
| Purchases of investments | (2,444,779) | (2,573,976) |
|---|
| Net cash from investing activities | 1,332,846 | 261,222 |
|---|
| Net increase in cash and cash equivalents | 6,650,771 | 5,907,546 |
|---|
| Cash and cash equivalents at beginning of year | 22,972,425 | 17,064,879 |
|---|
| Cash and cash equivalents at end of year | $ 29,623,196 | $ 22,972,425 |
|---|