Total operating revenues were $35.0 million for the year ended June 30, 2019, which was consistent with FY18. The primary components of operating revenue were federal, state and local grants and contracts of $19.6 million (56.1%), student tuition and fees, net, of $9.7 million (27.8%) and auxiliary services and other revenues of $5.6 million (16.1%). FY19 net student tuition and fees revenue decreased by $1.8 million compared to FY18. FY19 grants and contracts of $0.9 million compared to FY18 due to increased awards and spending. FY19 auxiliary services and other revenue increased $1.4 million compared to FY18. 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 $70.7 million, an increase of $2.7 million from last year. Of this amount, $41.6 million (59.0%) was expended directly for the primary mission of the University – instruction (14.6%), research (10.5%), student services (10.4%), student aid (9%), and public service (14.3%). Instruction is the main component of Primary Mission expenses amounting to $10.3 million in fiscal year 2019 or 14.6%. 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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