Total operating revenues were $34.4 million for the year ended June 30, 2017, an increase of $2.7 million compared to FY16. The primary components of operating revenue were federal, state and local grants and contracts of $19.2 million (55.7%), student tuition and fees, net, of $10.5 million (30.5%) and auxiliary services and other revenues of $4.7 million (13.8%). FY17 net student tuition and fees revenue increased $1.2 million compared to FY16. FY17 grants and contracts of revenue increased $1.3 million compared to FY16 due to increased awards and spending. FY17 auxiliary services and other revenue increased $0.2 million compared to FY16. 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 $70.6 million, an increase of $9.3 million from last year. Of this amount, $41.7 million (59.1%) was expended directly for the primary mission of the University – instruction (15.5%), research (12.7%), student services (8.7%), student aid (9.3%), and public service (12.9%). Instruction is the main component of Primary Mission expenses amounting to $10.9 million in fiscal year 2017 or 15.5%. 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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