| 2010 | 2009 | |
| NONOPERATING REVENUES (EXPENSES) | ||
| State appropriations | $ 24,630,377 | $ 26,435,199 |
| Federal grants and contracts | 6,556,989 | 4,300,478 |
| Gifts | 613,057 | 548,970 |
| Investment income (loss) (net of investment expense) | 1,158,756 | (1,068,877) |
| Interest on capital asset-related debt | (483,085) | (535,089) |
| Other nonoperating expenses | (697,500) | (1,966,265) |
| Net nonoperating revenues | 31,778,594 | 27,714,416 |
| Income before capital appropriations | 9,502,513 | 772,352 |
| Capital appropriations | 1,760,427 | - |
| Increase in net assets | 11,262,940 | 772,352 |
| Net assets, beginning of year | 94,133,288 | 93,360,936 |
| Net assets, end of year | $ 105,396,228 | $ 94,133,288 |
19.