| CASH FLOWS FROM OPERATING ACTIVITIES |
| Tuition and fees | $ 16,204,975 |
|---|
| Grants, contracts, and gifts | 27,189,225 |
|---|
| Payments to suppliers | (30,735,211) |
|---|
| Payments to employees | (44,003,882) |
|---|
| Payments to students | (12,434,450) |
|---|
| Collection of loans to students and employees | 26,937 |
|---|
| Auxiliary enterprises charges: | |
|---|
| Residence halls and dining | 7,091,806 |
|---|
| Other receipts | 1,028,438 |
|---|
| Net cash used for operating activities | (35,632,162) |
|---|
| CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES |
| State appropriations | 27,885,600 |
|---|
| Grants and contracts | 5,452,298 |
|---|
| Draws on line of credit | 2,500,000 |
|---|
| Draws on HB 250 stabilization funding | 23,000,000 |
|---|
| Retirement of line of credit | (7,500,000) |
|---|
| Net cash provided by non-capital financing activities | 51,337,898 |
|---|
| CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES |
| Capital grant | 155,200 |
|---|
| Purchases of capital assets | (37,310,576) |
|---|
| Proceeds from certificates of participation | 56,599,613 |
|---|
| Principal paid on bonds payable and capital leases | (1,369,602) |
|---|
| Interest paid on bonds payable and capital leases | (2,922,971) |
|---|
| Issuance costs | (594,449) |
|---|
| Net cash provided by capital and related financing activities | 14,557,215 |
|---|
| CASH FLOWS FROM INVESTING ACTIVITIES |
| Purchase of investments | (4,071,723) |
|---|
| Interest on investments | 575,120 |
|---|
| Proceeds from sales and maturities of investments | 3,269,602 |
|---|
| Net cash used by investing activities | (227,001) |
|---|
| Net change in cash and cash equivalents | 30,035,950 |
|---|
| Cash and cash equivalents at beginning of year | 1,755,510 |
|---|
| CASH AND CASH EQUIVALENTS AT END OF YEAR | $ 31,791,460 |
|---|
| SHOWN IN THE FINANCIAL STATEMENTS AS: |
| Cash and cash equivalents | $ 9,549,888 |
|---|
| Restricted cash and cash equivalents | 22,241,572 |
|---|
| $ 31,791,460 |
|---|