Total operating revenues were $45.4 million for the year ended June 30, 2010, an increase of $9,400,741. The primary components were federal, state and local grants and contracts of $14.6 million (32.2%), student tuition and fees of $16.5 million (36.4%), federal appropriations of $6.5 million (14.3%) and auxiliary services and other revenues of $7.8 million (17.1%). Student tuition and fees revenue increased $3,184,299 due to increased tuition fees and enrollment. Grants and contracts revenue increased $4,200,334 due to increased awards and spending. Federal appropriations increased $1,529,864. Auxiliary enterprises revenue increased $389,116. Refer to Figure 1 for the three-year trend of the operating revenues as a percent to total operating revenues.

Operating expenses totaled $67.6 million, an increase of $4,734,758 over last year due to an increase in depreciation, federal grants spending and bad debt. Of this amount, $39.2 million (57.9%) was expended directly for the primary mission of the University – instruction (20.4%), research (7.5%), student services (9.1%), student aid (14.1%), and public service (6.8%). Instruction is the main component of Primary Mission expenses amounting to $13.8 million in fiscal year 2010 or 20.4%. Refer to Figure 2 for the operating expenses categorized into the Primary Mission of the University.

7.