TSU is one of the leading Historically Black Colleges and Universities in the United States. It is in the Houston metropolitan area, and currently has enrollment about 10,000 students. Financially, it reports as a special-purpose entity engaged in business-type activities. In recent years, it has experienced issues that have perplexed most of the public universities, such as tuition increase, budget reduction, and enrollment instability. Annual financial reported of the school can be obtained from the TSU’s website under the Division of Finance. After examining its most recent financial statements that are available from the school’s website, the students are required to answer the following questions.

Write a two-page summary report for the overall financial condition and operating results of TSU. Topics may include, but not limited to, whether you are optimistic about the school’s future development. What actions do you think the school should take when the federal and state funding keep decreasing?