Operating Revenues 2019 2018
Tuition and fees $ 40,507 $ 38,757
Annual operating support 4,821 4,555
1
Endowment fund payout 2,168 1,927
Auxiliary programs 2,013 1,913
Investment and other income 708 372
TOTAL OPERATING REVENUES $ 50,217 $ 47,524
Operating Expenses
Salaries, wages and benefits $ 33,001 $ 31,051
Operating expenses 7,303 6,481
Financial aid 3,995 4,123
Facilities and operations 3,535 3,764
Debt service 2,153 1,919
TOTAL OPERATING EXPENSE $ 49,987 $ 47,338
2
OPERATING SURPLUS $ 230 $ 186
Consolidated Statement of Activities
(Years Ended June 30, 2019 and 2018)
(Dollars in thousands)
2019
81% Tuition & Fees
10% Annual Operating
Support
4% Endowment Fund Payout
4% Auxiliary Programs
1% Investment and
other income
66% Salaries, Wages
and Benefits
15% Operating Expenses
8% Financial Aid
7% Facilities and Operations
7% Debt Service
Operating Revenues Operating Expenses
2019
Annual Report 2018–19 7
