Finances Fiscal Year 1999, Year-end Actual (July 1, 1992 to June 30, 1993)

                                    $  % of budget

Revenues:

Tuition and fees           28,756,556     64.2%
Governmental Grants         1,004,119      2.2
Gifts and private grants    2,081,035      4.6
Investment income           4,512,063     10.1
Other Income                  840,609      1.9
Auxiliary enterprises       7,572,074     16.9
---------------------     -----------    -----
Total Revenues            $44,766,456    100.0

Expenditures:

Instruction                11,050,918     24.7
Research                      204,473      0.5
Public Service                117,973      0.3
Academic Support            3,329,027      7.4
Student Services            3,967,133      8.9
Institutional Support       6,565,747     14.7
Operation & Maintenance     3,852,641      8.6
Scholarships/Student Aid    6,162,656     13.8
Mandatory Transfers         1,225,642      2.7
Non-mandatory Transfers       864,011      1.9
-----------------------    ----------     ----
Total Educ. & General      37,340,221     83.4
Auxiliary Enterprises       7,426,110     16.6
----------------------     ----------     ----
Total Expenditures        $44,766,331    100.0

Net                               125

Educational and General Expenditures
     per Full-time Equivalent Student (1992/93)  $24,943


Total Investment Pool                       $100,890,400
(market value as of 6/30/93)

Investment Pool Market Value
     per Full-time Equivalent Student (6/30/93)  $67,395