| Cash flows from operating activities | |
|---|---|
| Tuition and fees | $ 10,585,839 |
| Grants and contracts | 18,494,647 |
| Payments to suppliers | (23,036,507) |
| Payments to employees | (39,227,212) |
| Payments to students | (5,555,850) |
| Collection of loans issued to students | 11,144 |
| Auxiliary enterprises: | |
| Residence halls and dining | 4,111,668 |
| Bookstore | 119,680 |
| Other auxiliaries | 26,548 |
| Other payments | (144) |
| Net cash from operating activities | (34,470,187) |
| Cash flows from non-capital financing activities | |
| State appropriations | 26,462,300 |
| Federal grants and contracts | 4,391,839 |
| Other | 971,372 |
| Net cash from non-capital financing activities | 31,825,511 |
| Cash flows from capital financing activities | |
| Purchases of capital assets | (4,522,840) |
| Principal paid on capital debt | (854,099) |
| Interest paid on capital debt | (198,575) |
| Capital appropriations | 3,548,918 |
| Net cash from capital financing activities | (2,026,596) |
| Cash flows from investing activities | |
| Investment income | 1,174,232 |
| Proceeds from sale of investments | 7,195,829 |
| Purchases of investments | (8,370,061) |
| Net cash from investing activities | - |
| Net change in cash and cash equivalents | (4,671,272) |
| Cash and cash equivalents at beginning of year | 18,660,458 |
| Cash and cash equivalents at end of year | $ 13,989,186 |
19.