 |
| | Approved by the Board of Trustees |
| | February 21,2003 |
| | | | | | | | | |
| | FY 2002 | | | FY 2003 | | | | FY 2004 | |
| REVENUES | | | | | | | | | |
| Tuition & fees | 29,276,145 | | | 32,845,580 | | | | 35,162,810 | |
| Less: scholarships & grants | -14,650,000 | | | -15,600,000 | | | | -16,600,000 | |
| Net tuition & fees | 14,626,145 | 25.6% | | 17,245,580 | 28.2% | | | 18,562,810 | 29.0 |
| Government grants & contracts | 942,100 | 1.6% | | 900,000 | 1.5% | | | 900,000 | 1.4% |
| Private gifts & grants | | | | | | | | | |
| Unrestricted | 2,629,360 | 4.6 | | 2,629,360 | 4.3% | | | 2,813,415 | 4.4% |
| Pioneer Fund – Unrestricted | | | | 2,300,000 | | | | 2,400,000 | |
| Other Unrestricted | | | | 329,360 | | | | 413,415 | |
| Restricted | 780,720 | 1.4% | | 1,314,052 | 2.1% | | | 1,342,917 | 2.1% |
| Endowment spending | | | | | | | | | |
| Policy | 29,150,000 | 51% | | 29,740,000 | 48.6% | | | 30,392,500 | 47.5% |
| Other sources | 709,000 | 1.2% | | 650,000 | 1.1% | | | 552,000 | 0.9% |
| Auxiliary enterprises | 8,361,800 | 14.6% | | 8,709,704 | 14.2% | | | 9,459,809 | 14.8% |
| | | | | | | | | | |
| TOTAL REVENUES | 57,199,125 | 100% | | 61,188,696 | 100% | | | 64,023,451 | 100% |
| | | | | | | | | |
| EXPENDITURES AND MANDATORY TRANSFERS | | | | | | | | | |
| Instruction | 17,610,989 | 30.8% | | 19,568,708 | 32% | | | 21,026,869 | 32.8% |
| Academic support | 7,121,289 | 12.4% | | 7,900,816 | 12.9% | | | 7,941,805 | 12.4% |
| Student services | 7,586,193 | 13.3% | | 8017521 | 13.1% | | | 8,311,170 | 13% |
| Institutional support | 9,719,901 | 17% | | 9,730,107 | 15.9% | | | 10,048,552 | 15.7% |
| Operation & maintenance of plant | 4,529,145 | 7.9% | | 4,948,372 | 8.1% | | | 5,092,697 | 8% |
| Auxiliary enterprises | 7,975,607 | 13.9% | | 8,242,172 | 13.5% | | | 8,761,056 | 13.7% |
| 54,543,125 | | | 58,407,696 | | | | 61,182,147 | |
| Mandatory transfers for: | | | | | | | | | |
| Loan fund matching grant | 6,000 | 0% | | 6,000 | 0% | | | 6,000 | 0% |
| Total expenditures & mandatory transfers | 54,549,125 | | | 58,413,696 | | | | 61,188,147 | |
| |
| OTHER TRANSFERS & ADDITIONS | | | | | | | | | |
| Transfers to (from): | | | | | | | | | |
| Plant Fund | | | | | | | | | |
| Debt service | 1,050,000 | 1.8% | | 1,250,000 | 2% | | | 1,217,500 | 1.9% |
| Building Maint. & Equip. Fund | | | | | | | | | |
| Equipment | 100,000 | 0.2% | | 100,000 | 0.2% | | | 150,000 | 0.2% |
| Facilities | 775,000 | 1.4% | | 825,000 | 1.3% | | | 800,000 | 1.2% |
| Technology | 725,000 | 1.3% | | 600,000 | 1% | | | 500,000 | 0.8% |
| Contingency | | | | | | | | 155,000 | 0.2% |
| |
| Total other transfers & additions | 2,650,000 | | | 2,775,000 | | | | 2,822,500 | |
| TOTAL EXPENDITURES/TRANSFERS | 57,199,125 | 100% | | 61,188,696 | 100% | | | 64,010,647 | 100% |
| |
| TOTAL REVENUES (EXPENDITURES) | | | | | | | | 12,804 | |
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