In the Statement of Revenues, Expenses and Changes in Net Position, operating expenses are presented by functional expense purpose. Depreciation is allocated below based on functional classification as required by Integrated Postsecondary Education Data System (IPEDS) for Fiscal Year 2022. Functional expense purpose is classified by natural classification as follows:
| Functional Classification | Compensation and Benefits | Supplies and Services | Scholarships and Fellowships | ROU Amortization, ROU Lease, and O&M Depreciation | Operations and Maintenance | Total |
|---|---|---|---|---|---|---|
| Instruction | $ 6,614,414 | $ 620,558 | $ -0- | $ 609,346 | $ 468,255 | $ 8,312,573 |
| Research | 5,155,882 | 2,574,827 | -0- | 651,098 | 500,339 | 8,882,146 |
| Public service | 5,347,218 | 1,889,679 | -0- | 609,508 | 468,379 | 8,314,784 |
| Academic support | 373,919 | 332,153 | -0- | 59,467 | 45,698 | 811,237 |
| Student services | 5,076,694 | 1,590,214 | -0- | 561,502 | 431,489 | 7,659,899 |
| Institutional support | 7,125,116 | 13,697,171 | -0- | 1,753,699 | 1,347,639 | 23,923,625 |
| O&M plant | 1,284,421 | 2,795,504 | -0- | 343,621 | (4,423,546) | -0- |
| Auxiliary enterprises | 2,927,765 | 2,571,156 | -0- | 309,527 | 346,726 | 6,155,174 |
| Student financial aid | 168,066 | (9,673) | 12,434,450 | 1,060,598 | 815,021 | 14,468,462 |
| Total operating expenses | $ 34,073,495 | $ 26,061,589 | $ 12,434,450 | $ 5,958,366 | $ -0- | $ 78,527,900 |
78.