Total operating revenues were $51.2 million for the year ended June 30, 2022, as compared with $48.7 million in fiscal year 2021. The primary components of operating revenue were federal, state, and local grants and contracts of $26.3 million (51.4%), student tuition and fees (net of scholarships) of $16.7 million (33%) and auxiliary services and other revenues of $7.1 million (14%). Fiscal year 2022 net student tuition and fees revenue increased by $1.2 million compared to fiscal year 2021. Fiscal year 2022 grants and contracts revenue increased $1.9 million compared to fiscal year 2021 due to increased awards and spending. Fiscal year 2022 auxiliary services and other revenue decreased by $0.3 million compared to fiscal year 2021. Refer to Figure 1 for the two-year trend of the operating revenues as a percent to total operating revenues and revenue by category.
Operating expenses totaled $78.5 million, a decrease of $1.3 million from last year. Of this amount, $47.6 million (52.8%) was expended directly for the primary mission of the University – instruction (9.2%), research (9.8%), student services (8.5%), student aid (16.0%), and public service (9.2%). Instruction is the main component of Primary Mission expenses amounting to $7.2 million in fiscal year 2022 or 9.2%. Refer to Figure 2 for the operating expenses categorized into the Primary Mission of the University.
Percentages below do not include depreciation or operations/maintenance allocations.
Figure 2
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