| 2014 | 2013 |
|---|
| NONOPERATING REVENUES (EXPENSES) | | |
|---|
| State appropriations | $ 23,537,400 | $ 23,537,402 |
|---|
| Federal grants and contracts | 5,928,036 | 5,922,954 |
|---|
| Investment income (net of investment expense) | 1,700,270 | 1,150,833 |
|---|
| Interest on capital asset-related debt | (317,534) | (276,050) |
|---|
| Other non-operating revenues | 71,352 | 583,269 |
|---|
| Endowment gifts | 12,676 | 7,276 |
|---|
| Net non-operating revenues | 30,932,200 | 30,925,684 |
|---|
| Decrease in net position | (4,038,729) | (441,892) |
|---|
| Net position, beginning of year | 114,056,265 | 114,498,157 |
|---|
| Net position, end of year | $ 110,017,536 | $ 114,056,265 |
|---|