| 2014 | 2013 | |
| REVENUES | ||
| Operating revenues | ||
| Student tuition and fees (net of scholarship allowances of $4,895,742 and $4,276,036) | $ 16,472,026 | $ 16,595,920 |
| Federal grants and contracts | 5,935,012 | 7,588,912 |
| Federal appropriations | 6,722,332 | 6,873,169 |
| State and local grants and contracts | 2,289,810 | 1,584,056 |
| Auxiliary enterprises: | ||
| Residence halls | 3,161,664 | 2,836,181 |
| Dining | 2,877,787 | 2,775,383 |
| Bookstore | 75,000 | 152,500 |
| Other auxiliaries | 80,973 | 301,329 |
| Other operating revenues | 1,096,045 | 1,131,620 |
| Total operating revenues | 38,710,649 | 39,839,070 |
| EXPENSES | ||
| Operating expenses | ||
| Educational and general | ||
| Instruction | 12,765,912 | 13,701,239 |
| Research | 5,508,361 | 5,783,591 |
| Public service | 7,780,834 | 5,419,529 |
| Academic support | 2,438,777 | 3,367,893 |
| Student services | 7,279,017 | 7,712,162 |
| Institutional support | 13,882,639 | 9,672,796 |
| Operation and maintenance of plant | 4,680,295 | 5,602,000 |
| Student aid | 9,222,531 | 9,162,677 |
| Depreciation | 4,132,690 | 4,174,107 |
| Auxiliary enterprises | ||
| Residence halls | 2,321,813 | 2,626,565 |
| Dining | 2,655,019 | 2,608,016 |
| Other auxiliaries | 686,439 | 1,039,110 |
| Depreciation | 327,251 | 336,961 |
| Total operating expenses | 73,681,578 | 71,206,646 |
| Operating loss | (34,970,929) | (31,367,576) |
See accompanying notes.