Which of the following is not true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college?

Multiple Choice

• State appropriations and Pell Grants are reported as operating revenue.

• Revenues from residence halls, dining services and bookstores are reported as Auxiliary Enterprises within operating revenue.

• Expenses associated with central management, planning and administration are classified as Institutional Support.

• None of the above, these are all true.