REVENUES AND GAINS	FY  2003	FY 2004	FY 2005	FY 2006	FY 2007
Comprehensive fee revenue	$60,120,073	$62,897,892	$67,799,064	$69,050,023	$76,071,221
Scholarship aid	($14,058,368)	($14,332,176)	($15,529,266)	($16,381,136)	($16,683,305)
Net revenue from students	$46,061,705	$48,565,716	$52,269,798	$52,668,877	$59,387,916
Other educational program revenues	$1,506,796	$1,053,284	$902,738	$671,610	$505,861
Total educational program revenues	$47,568,501	$49,619,000	$53,172,536	$53,340,497	$59,893,777
Contributions and private grants	$3,667,702	$3,953,696	$4,408,626	$4,610,594	$4,651,947
Endowment gains used for spending policy	$8,024,991	$8,342,162	$8,396,537	$8,699,565	$9,904,796
Other income	$8,024,991	$7,603,450	$7,222,907	$8,625,880	$8,377,907
Total operating revenues and gains	$68,786,698	$69,518,308	$73,200,606	$75,276,880	$82,828,427
EXPENSES
Instructional	$26,681,868	$26,991,142	$28,062,876	$28,783,891	$30,648,920
Research	$790,689	$622,437	$642,025	$1,173,803	$753,531
Public service	$851,522	$619,210	$458,299	$264,383	$167,165
Academic support	$9,714,581	$9,965,641	$10,069,237	$10,371,078	$11,320,645
Student services	$10,642,043	$10,941,361	$11,459,798	$12,433,857	$12,923,661
Institutional support	$11,171,363	$10,853,270	$11,242,089	$11,774,550	$12,645,407
Total educational and general	$59,852,065	$59,993,061	$61,934,324	$64,801,562	$68,459,329
Auxiliary enterprises	$10,446,035	$10,639,628	$10,869,885	$11,297,757	$11,297,208
Total operating expenses	$70,298,100	$70,632,689	$72,804,209	$76,099,319	$80,386,537
Total from operating activities (per external financial statements)	($1,511,402)	($1,114,381)	$396,397	($822,783)	$2,441,890
Adjustments of financial statement presentation to internal budget (mostly depreciation)	$1,558,084	$1,156,274	$471,670	$849,760	($187,961)
Results of operations (as internally budgeted)	$46,682	$41,893	$868,209	$26,977	$2,253,929

Source:  Finance Office