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Appendix A.
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Grinnell College
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Current Fund Budget
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FY 2003
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FY 2004
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FY 2005
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REVENUES
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Tuition & fees
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32,845,580
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35,162,810
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37,690,900
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Less: scholarships
& grants
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(15,600,000)
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(16,600,000)
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(18,180,000)
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Net tuition & fees
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17,245,580
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28.2%
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18,562,810
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29.0%
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19,510,900
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29.5%
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Government grants &
contracts
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900,000
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1.5%
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900,000
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1.4%
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975,000
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1.4%
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Private gifts &
grants
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Unrestricted
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2,629,360
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4.3%
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2,813,415
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4.4%
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2,887,500
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4.4%
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Restricted
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1,314,052
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2.1%
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1,383,270
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2.2%
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1,307,074
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1.9%
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Endowment spending
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Policy
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29,740,000
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48.6%
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30,392,500
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47.4%
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31,100,000
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47.0%
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Other sources
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650,000
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1.1%
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558,000
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0.9%
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504,000
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0.7%
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Auxiliary enterprises
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8,709,704
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14.2%
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9,484,809
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14.8%
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9,910,966
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15.0%
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TOTAL REVENUES
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61,188,696
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100.0%
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64,094,804
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100.0%
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66,195,440
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100.0%
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EXPENDITURES AND MANDATORY
TRANSFERS
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Instruction
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19,568,708
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32.0%
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20,861,270
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32.5%
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21,915,825
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33.1%
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Academic support
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7,900,816
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12.9%
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8,021,662
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12.5%
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8,082,760
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12.2%
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Student services
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8,017,521
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13.1%
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8,393,261
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13.1%
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8,812,050
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13.3%
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Institutional support
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9,730,107
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15.9%
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10,098,988
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15.8%
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10,282,090
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15.5%
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Operation &
maintenance of plant
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4,948,372
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8.1%
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5,310,943
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8.3%
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5,277,267
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8.0%
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Auxiliary enterprises
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8,242,172
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13.5%
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8,460,181
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13.2%
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8,951,948
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13.5%
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58,407,696
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61,146,304
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63,321,940
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Mandatory transfers for:
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Loan fund matching
grant
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6,000
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0.0%
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6,000
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0.0%
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6,000
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0.0%
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Total expenditures &
mandatory transfers
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58,413,696
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61,152,304
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63,327,940
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OTHER TRANSFERS & ADDITIONS
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Transfers to (from):
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Plant fund
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Debt service
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1,250,000
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2.0%
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1,217,500
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1.9%
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1,292,500
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2.0%
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Building maintenance
& equipment fund
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Equipment
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100,000
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0.2%
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150,000
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0.2%
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150,000
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0.2%
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Facilities
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825,000
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1.3%
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850,000
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1.3%
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900,000
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1.4%
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Technology
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600,000
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1.0%
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500,000
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0.8%
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300,000
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0.5%
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Contingency
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225,000
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0.4%
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225,000
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0.3%
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Total other transfers &
additions
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2,775,000
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2,942,500
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2,867,500
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TOTAL EXPENDITURES/TRANSFERS
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61,188,696
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100.0%
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64,094,804
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100.0%
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66,195,440
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100.0%
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