| CASH FLOWS FROM OPERATING ACTIVITIES |
| Tuition and fees | $ 14,781,288 |
|---|
| Grants, contracts, and gifts | 22,961,624 |
|---|
| Payments to suppliers | (23,181,805) |
|---|
| Payments to employees | (44,870,820) |
|---|
| Payments to students | (9,882,365) |
|---|
| Collection of loans to students and employees | 9,315 |
|---|
| Auxiliary enterprises charges: | |
|---|
| Residence halls and dining: | 7,286,771 |
|---|
| Other receipts | 1,048,812 |
|---|
| Net cash used for operating activities | (31,847,180) |
|---|
| CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES |
| State appropriations | 25,895,069 |
|---|
| Grants and contracts | 5,440,604 |
|---|
| Draws on line of credit | 2,106,284 |
|---|
| Net cash provided by non-capital financing activities | 33,441,957 |
|---|
| CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES |
| Purchases of capital assets | (2,392,302) |
|---|
| Principal paid on bonds payable and capital leases | (1,146,872) |
|---|
| Interest paid on bonds payable and capital leases | (117,106) |
|---|
| Net cash used for capital and related financing activities | (3,656,280) |
|---|
| CASH FLOWS FROM INVESTING ACTIVITIES |
| Proceeds from sales and maturities of investments | 4,914,117 |
|---|
| Interest on investments | 431,311 |
|---|
| Purchase of investments | (4,674,269) |
|---|
| Net cash provided by investing activities | 671,159 |
|---|
| Net change in cash and cash equivalents | (1,390,344) |
|---|
| Cash and cash equivalents at beginning of year | 3,145,854 |
|---|
| CASH AND CASH EQUIVALENTS AT END OF YEAR | $ 1,755,510 |
|---|
| NON-CASH FINANCING ACTIVITIES |
| Construction in progress financed by capital lease and placed into service in 2021 | $ 3,446,534 |
|---|