Revenues and Expenses

Data refer to AY 2021-2022
Revenues
Endowment distribution 40,245,100
Contributions, grants, and contracts 45,019,702
Tuition and Fees 5,044,157
Other revenues  4,567,710
Total Revenue 94,876,669
Operating Expenses
Instruction (26,520,099)
Research and educational engagement (16,991,936)
Institutional support (13,051,430)
Student and support services (12,398,426)
Facilities and maintenance (11,682,392)
Library, archives, and academic support (5,738,153)
Taxes paid and payable (2,055,093)
Other expenses (1,186,422)
Total Operating Expenses (89,623,952)
Net Operating Activities 5,252,717
Investing Activities
Proceeds from sale of assets 10,890,000
Facilities related capital expenditures (3,717,319)
IT related capital expenditures (2,159,2204)
Net Investing Activities 5,013,477
Financing Activities
Repayment of loans

(1,681,015)

Interest expense and bank charges (944,366)
Net Financing Activities (2,625,380)
Opening cash balance 6,677,045
Net change in cash 7,640,813
Closing cash balance 14,317,859