Income statement

Operating revenue as at may 31, 2006 (in thousands of dollars)


	2006	2005

Revenue	$503,105	$499,671

Quebec Ministry of Education grant	351,284	361,753
Tuition fees	64,161	60,273
Student services	7,325	7,152
Physical education and sports centre	8,946	8,159
Ancillary services	20,533	20,918
Investment income	1,243	955
Other	49,613	40,461

Expenses	534,927	501,291

Teaching and research	339,491	323,236
Academic and research support services	59,844	52,652
Student services	7,077	6,685
Physical education and sports centre	9,383	8,587
Scholarships	8,068	7,502
Administration	33,503	31,130
Property management	50,603	48,036
Ancillary services	17,948	18,892
Debt service	9,010	4,481


Excess (deficiency) of revenue over expenses before other items	(31,822) $	(1,620) $

Adjustments to the "Voluntary Separation Plan"	(176)$	(233)$
Opportunity studies	(3,337)	(1,029)

Surplus (shortfall) in revenue compared with expenses	(35,335) $	(2,972) $

(including funds with restrictions, capital assets fund, endowment fund and raised funds)