Finances Fiscal Year 1995, Year-End Actual (July 1, 1994 to June 30, 1995)

                                    $  % of budget

Revenues:

Tuition and fees           32,902,923     64.6%
Governmental Grants         1,392,281      2.7
Gifts and private grants    2,535,116      5.0
Investment income           4,342,733      8.5
Other Income                1,558,916      3.1
Auxiliary enterprises       8,210,130     16.1
---------------------     -----------    -----
Total Revenues            $50,942,099    100.0

Expenditures:

Instruction                12,866,144     25.3
Research                      529,821      1.0
Public Service                187,613      0.4
Academic Support            4,165,858      8.2
Student Services            4,952,032      9.7
Institutional Support*      7,389,756     14.5
Operation & Maintenance     3,530,594      6.9
Scholarships/Student Aid    7,974,219     15.7
Mandatory Transfers           904,216      1.8
Non-mandatory Transfers       537,877      1.1
-----------------------    ----------     ----
Total Educ. & General      43,038,130     84.5
Auxiliary Enterprises       7,903,635     15.5
----------------------     ----------     ----
Total Expenditures        $50,941,765    100.0

Net Surplus (Deficit)           $ 334

Educational and General Expenditures
     per Full-time Equivalent Student (1994/95)  $27,553

*Institutional Support 
includes Library expenditures of:  $2,200,513

Investment Pool

Endowment                      $100,472,971
Life Income and Annuity Funds     5,983,046
-----------------------------   -----------
Total Investment Pool          $106,456,017

Investment Pool Market Value
     per Full-time Equivalent Student (6/30/95)  $68,154