Management's Discussion and Analysis, continued
June 30, 2012
Operating expenses totaled $75.7 million, an increase of $6,543,310 over last year due to an increase in federal grants pending and bad debt. Of this amount, $45.7 million (60.4%) was expended directly for the primary mission of the University – instruction (19.0%), research (10.2%), student services (9.9%), student aid (13.3%), and public service (8.0%). Instruction is the main component of Primary Mission expenses amounting to $14.4 million in fiscal year 2012 or 19%. Refer to Figure 2 for the operating expenses categorized into the Primary Mission of the University.
Figure 2