Total operating revenues were $34.4 million for the year ended June 30, 2018, which was consistent with FY17. The primary components of operating revenue were federal, state and local grants and contracts of $18.7 million (54.2%), student tuition and fees, net, of $11.5 million (33.5%) and auxiliary services and other revenues of $4.2 million (12.3%). FY18 net student tuition and fees revenue increased $1.0 million compared to FY17. FY18 grants and contracts of $0.5 million compared to FY17 due to decreased awards and spending. FY18 auxiliary services and other revenue increased $0.5 million compared to FY17. Refer to Figure 1 for the two-year trend of the operating revenues as a percent to total operating revenues and revenue by category.
Operating expenses totaled $68.0 million, a decrease of $2.6 million from last year. Of this amount, $39.2 million (57.7%) was expended directly for the primary mission of the University – instruction (14.1%), research (11.9%), student services (9.3%), student aid (8.6%), and public service (13.8%). Instruction is the main component of Primary Mission expenses amounting to $9.6 million in fiscal year 2018 or 14.1%. Refer to Figure 2 for the operating expenses categorized into the Primary Mission of the University.
(Percentages below do not include depreciation or operations/maintenance allocations.)
Figure 2
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