| 2010 | 2009 |
|---|
| Cash flows from operating activities | | |
|---|
| Tuition and fees | $ 17,597,145 | $ 13,011,853 |
|---|
| Grants and contracts | 19,511,851 | 14,820,742 |
|---|
| Payments to suppliers | (18,949,245) | (14,712,708) |
|---|
| Payments to employees | (35,268,268) | (36,147,757) |
|---|
| Student financial aid | (8,813,245) | (6,672,904) |
|---|
| Loans issued to students | - | (221,149) |
|---|
| Collection of loans issued to students | 117,100 | 94,524 |
|---|
| Auxiliary enterprises: | | |
|---|
| Residence halls and dining | 6,516,989 | 6,102,431 |
|---|
| Bookstore | 172,205 | 188,201 |
|---|
| Other auxiliaries | 56,352 | 65,798 |
|---|
| Other receipts | 1,597,507 | 5,096,925 |
|---|
| Net cash from operating activities | (17,461,609) | (18,374,044) |
|---|
| Cash flows from noncapital financing activities | | |
|---|
| State appropriations | 24,630,377 | 26,435,199 |
|---|
| Federal grants and contracts | 6,556,989 | 4,300,478 |
|---|
| Gifts for other than capital purposes | 613,057 | 548,970 |
|---|
| Student organization agency receipts | 7,884 | 93,418 |
|---|
| Student organization agency disbursements | (2,961) | (86,720) |
|---|
| Other receipts (payments) | (919,433) | (1,966,265) |
|---|
| Net cash from noncapital financing activities | 30,885,913 | 29,325,080 |
|---|
| Cash flows from capital financing activities | | |
|---|
| Capital appropriations | 1,760,427 | - |
|---|
| Purchases of capital assets | (7,300,237) | (4,531,844) |
|---|
| Principal paid on capital debt | (1,755,085) | (1,714,653) |
|---|
| Interest paid on capital debt | (483,085) | (535,089) |
|---|
| Net cash flows from capital financing activities | (7,777,980) | (6,781,586) |
|---|
| Cash flows from investing activities | | |
|---|
| Investment income | 628,029 | 188,535 |
|---|
| Investment expenses | (47,544) | (29,891) |
|---|
| Proceeds from sale of investments | 2,254,713 | 2,420,998 |
|---|
| Purchases of investments | (2,573,976) | (2,113,096) |
|---|
| Net cash flows from investing activities | 261,222 | 466,546 |
|---|
| Net increase in cash and cash equivalents | 5,907,546 | 4,635,996 |
|---|
| Cash and cash equivalents at beginning of year | 17,064,879 | 12,428,883 |
|---|
| Cash and cash equivalents at end of year | $ 22,972,425 | $ 17,064,879 |
|---|
21.