Years ended June 30, 2015 and 2014
| Cash flows from operating activities | 2015 | 2014 |
|---|---|---|
| Tuition and fees | $13,157,159 | $18,362,048 |
| Grants and contracts | 18,844,897 | 15,461,022 |
| Payments to suppliers | (19,301,690) | (23,480,750) |
| Payments to employees | (35,439,941) | (37,413,975) |
| Student financial aid | (7,268,917) | (8,542,435) |
| Loans issued to students | (518,095) | - |
| Collection of loans issued to students | 249,253 | 202,850 |
| Auxiliary enterprises: | ||
| Residence halls and dining | 4,707,961 | 6,039,451 |
| Bookstore | 85,922 | 75,000 |
| Other auxiliaries | 32,154 | 80,973 |
| Other receipts | 2,351,404 | 1,254,152 |
| Net cash from operating activities | (23,099,893) | (27,961,664) |
| Cash flows from non-capital financing activities | ||
| State appropriations | 23,429,600 | 23,537,400 |
| Federal grants and contracts | 5,024,963 | 5,928,036 |
| Endowment gifts | 4,636 | 12,676 |
| Student organization agency receipts | 90,344 | 78,409 |
| Student organization agency disbursements | (92,123) | (70,044) |
| Other receipts | - | 71,352 |
| Net cash from non-capital financing activities | 28,457,420 | 29,557,829 |
| Cash flows from capital financing activities | ||
| Purchases of capital assets | (891,719) | (1,834,139) |
| Principal paid on capital debt | (756,897) | (875,082) |
| Interest paid on capital debt | (263,107) | (317,534) |
| Net cash from capital financing activities | (1,911,723) | (3,026,755) |
| Cash flows from investing activities | ||
| Investment income | 347,130 | 1,766,328 |
| Investment expenses | (66,770) | (66,058) |
| Proceeds from sale of investments | 5,901,009 | 12,830,492 |
| Purchases of investments | (6,181,369) | (14,632,193) |
| Net cash from investing activities | - | (101,431) |
| Net increase (decrease) in cash and cash equivalents | 3,445,804 | (1,532,021) |
| Cash and cash equivalents at beginning of year | 19,575,963 | 21,107,984 |
| Cash and cash equivalents at end of year | $ 23,021,767 | $ 19,575,963 |