The two primary sources of revenues to fund the day-to-day operations of the university, unrestricted tuition and fees and unrestricted state appropriations [3] , have increased over this period. Unrestricted tuition and fee revenues have increased dramatically from 1995-1996 through 2003-2004 with a total increase of $3,429,851, or almost 151%. State appropriations over this period of time increased $2,280,237, or 46.64%.

In addition, the LSUA Foundation endowment is managed by the LSU Foundation. The summary report of the LSU Foundation’s performance, as of March 31, 2005 [4] , indicates that its return is outperforming its benchmark by 2.24% on a five year annualized basis. For the most recent fiscal year, 2003-2004, the LSU Foundation outperformed its benchmark by 1.51%. As of June 30, 2003,the LSUA Foundation was valued at $9,283,204. The most recently received LSUA Foundation audit [5] covers the year ending June 30, 2004.

LSU at Alexandria is audited annually as part of an audit that includes all LSU System schools. At the request of the LSU System, the Legislative Auditor produced a Standard Review Report for LSUA for fiscal year 2002-2003 [6] .

LSU System Financial Reports for the past several years, along with the Supplements to the Financial Reports  [7] , [8] , [9] , [10] , [11] ,which provide data specifically for LSUA for these years, are available on the LSU A&M web site.

Reports from the Auditor of the LSU System Financial Statements [12] [13] [14] [15]   [16] for the past five years, including management’s discussion and analysis, are available on the LSU A&M website and the website of the Louisiana Legislative Auditor. In conjunction with the audit of the LSU System at June 30, 2002, the Legislative Auditor issued a separate management letter for “LSU and Related Campuses” within the LSU System [17] . Included within the scope of the management letter were the following institutions: LSU A&M, the LSU Board of Supervisors, the LSU Agricultural Center, the Pennington Biomedical Research Center, the Paul M. Hebert Law Center, LSU at Alexandria, and LSU at Eunice. The auditors consider these institutions to be “related” because some of the business functions and most of the accounting functions are managed for them by the LSU A&M campus, using the same mainframe systems (i.e., budget, HRM, purchasing, general ledger, etc.). If there are no related audit recommendations, LSU at Alexandria is not cited specifically in the LSU System audit. LSUA has had no audit findings in the last five years.

Every LSU campus produces an annual published budget document in a format prescribed by the Louisiana Board of Regents and the LSU System office. LSUA’s 2004-2005 budget document [18] is available to the public in hard-copy at the LSUA Library. On-campus budget planning at LSUA begins at the department level [19] and is reviewed by an LSUA Planning Council [20] [21] . LSUA’s annual Operating Budget [22] [23] [24] [25] is approved by the LSU Board of Supervisors. Board approvals are noted in the Board meeting minutes of August 24, 2001 [26] , for the fiscal year 2001-2002 operating budget; in the August 23, 2002 minutes [27] for the fiscal year 2002-2003 operating budget; in the August 21-22, 2003 minutes [28] for the fiscal year 2003-2004 operating budget, and in the August 19-20, 2004 minutes [29] for the fiscal year 2004-2005 operating budget.