Fiscal Year 2021 Primary Mission Expenses as a % of Total Operating Expenses

In addition to the Primary Mission expenses of the University, there are expenses from depreciation and operations & maintenance that are allocated to the various functional classifications (See Note 13 – Schedule of Expenses by Program). See below for the operating expenses categorized into the Functional Expenses of the University.

Fiscal Year 2021 Functional Expenses as a % of Total Operating Expenses

The University continued to invest in student aid and support services to provide students with opportunities to be successful in fiscal year 2021. For the year ended June 30, 2021, student aid expenses totaled $10 million and scholarship allowances totaled $2.7 million. The University had an overall increase in institutional support of $7.4 million and an increase in student aid of $3.6 million.

10.