V. FINANCIAL STRENGTH (Previous Year's Data in Parenthesis)

Refer to your last complete audit information. Definitions to be used by Public Institutions: Fiscal Year of Last Complete Audit - Provide the entire period: for example, 2003-2004 FY 2005 Instructional Spending per Student FTE - Instructional Spending: Refer to IPEDS - Finance - Part C - Expenses and other Deductions. Use the line item entitled Instructional Spending Student FTE = (# of full-time students) + 1/3(# of part-time students). FTE is for FY 2005 FY 2005 Percentage of Operating Revenues Used for Instructional Purposes Operating Revenues = Total operating revenues + Total non-operating revenues. Refer to IPEDS - Finance - Part B - Revenues and Other Additions Instructional Purposes = Instruction + Research + Academic support. Refer to IPEDS - Finance - Part C - Expenses and other Deductions Changes in Net Assets Change in Net Assets = Total revenues & other additions - Total expenses & deductions Change in Net Assets = increase (decrease) in net assets during year Refer to IPEDS - Finance - Part D - Summary of Changes in Net Assets Ratio Analysis Report all four ratios in decimals. Report negative ratios in the following format: -0.4 For a detailed description, download/view Ratio Analysis in Higher Education, 5th edition - Public Institutions (227K PDF) [http://www.prager.com/ibanking/raihe5.pdf], published by Prager, McCarthy & Sealy, LLC. Refer especially to the Appendix and to Sections IV and V. The Appendix provides the components of each of the numerators and denominators of the four ratios Viability Ratio = (Expendable Net Assets) / (Total Long-term Debt) Primary Reserve Ratio = (Expendable Net Assets) / (Total Expenses) Net Operating Revenues Ratio = (Adjusted Net Operating Revenues) / (Adjusted Total Income) Debt Burden Ratio = (Debt Service) / (Total Expenditures) Direct questions regarding definitions or instructions for this section to Lady Branham at 800-621-7440x137 or lbranham@hlcommission.org (Previous) New 1. Instructional Spending per Student FTE: (7179) 7767 2. % of Revenues Used for Instructional Purposes: (39.6) 29.6 3. Last Audited Fiscal Year (enter as "2003-2004"): (2003) 2005 4. Change in Net Assets: (-1505742000) 42344 5. Viability Ratio: (0.4585) .3985 6. Primary Reserve Ratio: (0.1381) .1402 7. Net Operating Revenues Ratio: (0.075) -.0187 8. Debt Burden Ratio: (0.0212) .0454 9. Moody's Bond Rating (if applicable): (AA3) AA3 10. Standard and Poor's Bond Rating (if applicable): (AA-) AA-

Notes regarding the financial information reported above:

Items 3-10 are university-wide, not campus. Business office recalculated some of the previous year numbers. They should be : 2.Pct of revenues used for instruction: 28.7% 3.Last audited year 2003-04 4.Change in net assets: 134509 7.Net operating revenues ratio: .0012