| Cash flows from operating activities | |
|---|---|
| Tuition and fees | $ 9,620,776 |
| Grants and contracts | 18,210,886 |
| Payments to suppliers | (25,529,497) |
| Payments to employees | (43,025,130) |
| Payments to students | (6,037,006) |
| Collection of loans issued to students | 106,884 |
| Auxiliary enterprises: | |
| Residence halls and dining | 4,334,243 |
| Bookstore | 113,190 |
| Other auxiliaries | 13,618 |
| Other payments | 1,195,356 |
| Net cash from operating activities | (40,996,680) |
| Cash flows from non-capital financing activities | |
| State appropriations | 25,749,000 |
| Federal grants and contracts | 4,261,886 |
| Net cash from non-capital financing activities | 30,010,886 |
| Cash flows from capital financing activities | |
| Purchases of capital assets | (2,180,306) |
| Draws on line of credit | 2,061,650 |
| Principal paid on capital debt | (834,386) |
| Interest paid on capital debt | (284,060) |
| Capital appropriations | 151,277 |
| Net cash from capital financing activities | (1,085,825) |
| Cash flows from investing activities | |
| Investment income | 871,874 |
| Proceeds from sale of investments | 21,917,476 |
| Purchases of investments | (22,703,965) |
| Net cash from investing activities | 85,385 |
| Net change in cash and cash equivalents | (11,986,234) |
| Cash and cash equivalents at beginning of year | 13,989,186 |
| Cash and cash equivalents at end of year | $ 2,002,952 |
19.