In the Statement of Revenues, Expenses and Changes in Net Position, operating expenses are presented by functional expense purpose. Depreciation is allocated below based on functional classification as required by IPEDS for Fiscal Year 2020. Functional expense purpose is classified by natural classification as follows:
| Compensation and Benefits | Supplies and Services | Scholarships and Fellowships | Depreciation | Operations and Maintenance | Total | |
|---|---|---|---|---|---|---|
| Instruction | $ 8,006,851 | $ 1,015,622 | $ - | $ 641,970 | $ 828,596 | $ 10,493,039 |
| Research | 4,595,955 | 2,333,401 | - | 786,513 | 661,532 | 8,377,401 |
| Public service | 5,739,678 | 3,135,437 | - | 395,290 | 794,812 | 10,065,217 |
| Academic support | 202,864 | 75,496 | - | 105,024 | 32,870 | 416,254 |
| Student services | 5,441,031 | 3,205,382 | - | 449,348 | 778,427 | 9,874,188 |
| Institutional support | 10,927,950 | 3,595,746 | - | 430,728 | 1,282,140 | 16,236,564 |
| Operation & maintenance of plant | 1,706,144 | 3,291,620 | - | 552,190 | (5,549,954) | - |
| Auxiliary enterprises | 628,430 | 4,408,534 | - | 299,069 | 458,905 | 5,794,938 |
| Student financial aid | 297,174 | - | 6,231,551 | 25,528 | 712,672 | 7,266,925 |
| Total operating expense | $ 37,546,077 | $ 21,061,238 | $ 6,231,551 | $ 3,685,660 | $ - | $ 68,524,526 |
58.