Statement of Cash Flows

Cash Flows from Operating Activities

Receipts from Tuition and Fees Receipts from Grants and Contracts Receipts from Auxiliary Enterprise Charges Receipts from Sales and Services of Educational Activities Receipts from Lease/Rental Interest Received on Loans to Students Payments to Employees for Salaries and Benefits Payments to Suppliers Payments for Scholarships Loans Disbursed to Students and Employees Collection of Loans to Students and Employees Other Operating Receipts

Cash Flows from Noncapital Financing Activities

Receipts from State Appropriations Receipts from Grants and Contracts for Other Than Operating Purposes Receipts from Gifts for Other Than Capital Purposes Payments on Debt Other Nonoperating Receipts

Net Cash Used by Operating Activities

Primary Institution

$ 47,421,511 29,560 1,984,981 68,480 665,034 164,023 (150,654,119) (33,970,832) (34,044,851) 64,767 (4,499) 2,015,817 (166,260,128)

117,622,691 66,694,278 3,096,419 (75,018) 8,479,309

Net Cash Provided by Noncapital Financing Activities Cash Flows from Capital and Related Financing Activities

Cash Paid for Capital Assets Proceeds from Disposal of Capital Assets Proceeds from Capital Debt Payments of Capital Debt Interest Paid on Capital Debt Other Receipts

Net Cash Used by Capital and Related Financing Activities

Cash Flows from Investing Activities

Purchases of Investments Proceeds from Sales of Investments 195,817,679

(20,427,552) 172,542 857,477 (1,065,000) (433,250) 75,884 (20,819,899)

(92,317,491) 29,415,000

Receipt of Interest and Dividends on Investments 204,552

Net Cash Used by Investing Activities (62,697,939)

Net Increase in Cash and Cash Equivalents

(53,960,287) Cash and Cash Equivalents, Beginning of Year 137,737,361 Cash and Cash Equivalents, End of Year $ 83,777,074

The accompanying Notes are an integral part of the Financial Statements.

Reconciliation of Operating Loss to Net Cash Used By Operating Activities

Operating Loss Difference Between Actuarial Calculated Pension Expense vs Actual Pension Expense Adjustments to Reconcile Operating Loss to Net Cash Used by Operating Activities Depreciation and Amortization Expense Donations of Supplies Received Non Capital DFCM Expenditures Received

Changes in Assets and Liabilities Accounts Receivable Student Loans Primary Institution

$ (186,205,060) 4,818,302

13,042,332 60,240 3,028,313

(3,754,887) 25,484

Inventories Prepaid Expenses Accounts Payable and Accrued Expenses Unearned Revenue (379,031) 154,090 3,108,518 (371,163)

Compensated Absences Termination Benefits

283,306 (70,572) Net Cash Used by Operating Activities $ (166,260,128) Noncash Investing, Noncapital Financing and Capital Related Financing Transactions

Change in Fair Value of Investments Recognized as Investment Loss Disposal of Fixed Assets $ (2,282,569) 4,260,839

Capital Appropriations 1,309,351 Total Noncash Investing, Capital and Financing Activities $ $3,287,621

The accompanying Notes are an integral part of these Financial Statements. The accompanying Notes are an integral part of the Financial Statements.