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2007 Financial Statement

August 31, 2007
Financial Statements and
Report of
Independent Certified
Public Accountants

2007 MC Financial Statement
2007-2008 Budget
 
2007-2008
% Total
Operating Revenue
  Ad Valorem Taxes
$ 13,423,000
37%
  State Appropriation
9,876,870
27%
  Tuition & Fees
9,757,600
27%
  Auxiliary Enterprises
1,628,450
4%
  Other Revenue
1,502,257
4%
Total Operating Revenue
36,188,177
100%
  Ad Valorem Taxes for Debt Service
2,958,890
 
  Restricted Funds Revenue
10,657,178
 
Total Revenue
$49,804,245
 

Operating Expense
  Instruction & Academic Support
$ 18,808,325
55%
  Student Services
1,867,873
5%
  General Institutional
2,476,264
7%
  Administration
1,629,267
5%
  Staff Benefits
2,900,560
8%
  Physical Plant
4,315,879
13%
  Auxiliary Enterprises
2,364,154
7%
Total Operating Expenses
$34,362,322
100%
  Restricted Funds
11,086,578
 
  Debt Service & Other Transfers
4,355,345
 
Total Expenses
$ 49,804,245
 

 

 

 

 

 

 

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