Operating Revenue 2018 2017
Tuition & Fees $ 37,372,792 $ 36,249,623
Annual Operating Support $ 4,555,040 $ 3,856,621
Investment & Other Income $ 371,885 $ 273,579
Endowment Fund Payout $ 1,926,951 $ 1,674,658
Auxiliary
$ 3,297,567 $ 3,530,741
TOTAL OPERATING REVENUES $ 47,524,235 $ 45,585,222
Operating Expense
Instruction/Instruction Support $ 19,503,016 $ 19,292,080
Student Services & Activities $ 6,430,315 $ 5,769,433
Facilities, Capital Expense, Debt Service $ 7,609,038 $ 6,874,591
Financial Aid $ 4,122,599 $ 3,949,121
Auxiliary $ 2,813,155 $ 3,126,673
Management & General $ 6,859,875 $ 6,209,837
TOTAL OPERATING EXPENSE $ 47,337,998 $ 45,221,735
3
NET OPERATING INCOME $ 186,237 $ 363,487
2018
2017
2018
2017
79% Tuition & Fees
9% Annual Operating
Support
1% Investment
& Other Income
4% Endowment Fund Payout
7% Auxiliary
41% Instruction/Instruction
Support
14% Student Services
& Activities
16% Facilities, Capital
Expense, Debt Service
9% Financial Aid
6% Auxiliary
14% Management & General
42% Instruction/Instruction
Support
13% Student Services
& Activities
15% Facilities, Capital
Expense, Debt Service
9% Financial Aid
7% Auxiliary
14% Management & General
80% Tuition & Fees
8% Annual Operating
Support
1% Investment
& Other Income
3% Endowment Fund Payout
8% Auxiliary
Operating Revenue Operating Expense
Consolidated Statement of Activities
(Years ended June 30, 2018 and 2017)
F I N A N C I A L S
Annual Report 2017–2018 7
