EXHIBIT C

UNIVERSITY OF NORTH TEXAS

STATEMENT OF CURRENT FUNDS REVENUES AND EXPENDITURES

Year Ended August 31, 1999

(With Comparative Totals - Year Ended August 31, 1998)

U N R E S T R I C T E D

AUXILIARY

T O T A L S

GENERAL

DESIGNATED

ENTERPRISES

TOTAL

RESTRICTED

1999

1998

$

$

$

$

$

$

$

REVENUES

Tuition

27,894,939.13

27,894,939.13

27,894,939.13

25,966,132.47

Designated Tuition

17,852,282.80

17,852,282.80

17,852,282.80

12,106,177.84

Board Authorized Tuition

2,022,044.90

2,022,044.90

2,022,044.90

2,081,065.90

Student Service Fees

5,236,809.64

5,236,809.64

5,236,809.64

5,090,502.58

Student Union Fee

2,145,828.50

2,145,828.50

2,145,828.50

2,063,870.82

Student Medical Fee

1,466,147.79

1,466,147.79

1,466,147.79

1,432,620.62

Other Fees

290,469.85

290,469.85

290,469.85

303,223.76

Tuition Remissions and Exemptions

7,060,363.21

7,060,363.21

7,060,363.21

6,770,149.91

State Appropriations

94,220,729.98

94,220,729.98

94,220,729.98

92,688,809.73

State Appropriations - HEAF

20,217,740.00

20,217,740.00

20,217,740.00

20,217,740.00

Federal Grants and Contracts

757,954.07

757,954.07

14,094,089.22

14,852,043.29

12,705,673.39

Federal PassThru Grants from Other St Agencies

0.00

900,674.50

900,674.50

411,364.15

State Grants and Contracts

41,598.43

41,598.43

1,825,777.13

1,867,375.56

1,841,041.70

State Pass Thru Grants from Other St Agencies

151,109.02

932,644.01

1,083,753.03

80,628.80

1,164,381.83

722,956.26

Private Gifts, Grants and Contracts

1,877,629.57

1,877,629.57

8,508,014.14

10,385,643.71

9,542,417.44

Net Inc./-Dec. in Fair Value of Investments

-136,527.21

-301,734.86

-239,976.87

-678,238.94

-132,530.05

-810,768.99

295,709.03

Other Investment Income

1,598,886.58

1,689,840.82

964,588.19

4,253,315.59

94,728.89

4,348,044.48

3,758,786.36

Endowment Income

14,613.38

14,613.38

248,729.89

263,343.27

278,645.48

Sales and Services:

Educational Activities

1,716,662.57

18,714,492.37

20,431,154.94

20,431,154.94

18,595,719.89

Auxiliary Enterprises

24,297,323.55

24,297,323.55

24,297,323.55

21,231,465.10

Service Departments

463,704.82

463,704.82

463,704.82

480,664.59

Other Sources

57,830.93

0.00

57,830.93

0.00

57,830.93

33,244.59

Total Revenues

155,557,953.78

41,579,320.59

33,870,720.80

231,007,995.17

25,620,112.52

256,628,107.69

238,617,981.61

EXPENDITURES

Educational and General:

Instruction

76,884,036.09

13,336,336.96

90,220,373.05

2,647,004.11

92,867,377.16

88,666,963.75

Research

1,613,149.37

2,078,270.12

3,691,419.49

9,199,613.76

12,891,033.25

11,014,619.74

Public Service

1,287,108.84

922,355.68

2,209,464.52

687,145.43

2,896,609.95

2,641,918.91

Academic Support

19,429,568.22

5,384,597.77

24,814,165.99

358,965.17

25,173,131.16

23,992,769.31

Student Services

5,019,391.59

4,458,295.17

9,477,686.76

883,379.81

10,361,066.57

7,531,504.51

Institutional Support

13,260,653.60

3,328,302.04

16,588,955.64

68,983.48

16,657,939.12

17,195,785.82

Operation and Maintenance

of Plant

12,264,931.59

22,414.64

12,287,346.23

930.50

12,288,276.73

12,299,920.21

Scholarships and Fellowships

7,264,042.33

3,793,513.66

11,057,555.99

11,774,090.26

22,831,646.25

20,715,227.10

Total Educational & General Expenditures

137,022,881.63

33,324,086.04

0.00

170,346,967.67

25,620,112.52

195,967,080.19

184,058,709.35

Auxiliary Enterprises

Expenditures

32,624,536.43

32,624,536.43

32,624,536.43

30,090,570.63

Total Expenditures

137,022,881.63

33,324,086.04

32,624,536.43

202,971,504.10

25,620,112.52

228,591,616.62

214,149,279.98

See accompanying Summary of Significant Accounting

Policies and Notes to the Financial Statements.

Note 1: State Appn-Gen Revenue

$78,496,665.34

Budget Reduction-Section 153

Employee Benefits:

Teacher Retirement Contribution

1,313,063.86

Optional Retirement Contribution

2,552,122.55

Benefit Replacement Pay

OASI Tax

5,307,798.04

State Insurance Contribution

6,345,088.09

Unemployment Compensation

12,780.76

Worker's Compensation

193,211.34

Subtotal

94,220,729.98

HEAF

20,217,740.00

$114,438,469.98

( C-1)

State Pass-Through Grants:

Remedial Education/Agency 781

$70,261.00

5th Yr Accounting Sch/Agency 781

23,624.00

Advanced Research Program/Agency 781

7,081.00

Advanced Tech Program/Agency 781

-548.00

Tx College Work Study/Agency 781

50,691.02

Total State Pass-Through Grants

$151,109.02

( C-1)