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Appendix A.

Grinnell College

Current Fund Budget

FY 2003

FY 2004

FY 2005

REVENUES
Tuition & fees

32,845,580

35,162,810

37,690,900
Less: scholarships & grants

(15,600,000)

(16,600,000)

(18,180,000)
Net tuition & fees

17,245,580

28.2%

18,562,810

29.0%

19,510,900

29.5%
Government grants & contracts

900,000

1.5%

900,000

1.4%

975,000

1.4%
Private gifts & grants
Unrestricted

2,629,360

4.3%

2,813,415

4.4%

2,887,500

4.4%
Restricted

1,314,052

2.1%

1,383,270

2.2%

1,307,074

1.9%
Endowment spending
Policy

29,740,000

48.6%

30,392,500

47.4%

31,100,000

47.0%
Other sources

650,000

1.1%

558,000

0.9%

504,000

0.7%
Auxiliary enterprises

8,709,704

14.2%

9,484,809

14.8%

9,910,966

15.0%
TOTAL REVENUES

61,188,696

100.0%

64,094,804

100.0%

66,195,440

100.0%
EXPENDITURES AND MANDATORY TRANSFERS
Instruction

19,568,708

32.0%

20,861,270

32.5%

21,915,825

33.1%
Academic support

7,900,816

12.9%

8,021,662

12.5%

8,082,760

12.2%
Student services

8,017,521

13.1%

8,393,261

13.1%

8,812,050

13.3%
Institutional support

9,730,107

15.9%

10,098,988

15.8%

10,282,090

15.5%
Operation & maintenance of plant

4,948,372

8.1%

5,310,943

8.3%

5,277,267

8.0%
Auxiliary enterprises

8,242,172

13.5%

8,460,181

13.2%

8,951,948

13.5%

58,407,696

61,146,304

63,321,940
Mandatory transfers for:
Loan fund matching grant

6,000

0.0%

6,000

0.0%

6,000

0.0%
Total expenditures & mandatory transfers

58,413,696

61,152,304

63,327,940
OTHER TRANSFERS & ADDITIONS
Transfers to (from):
Plant fund
Debt service

1,250,000

2.0%

1,217,500

1.9%

1,292,500

2.0%
Building maintenance & equipment fund
Equipment

100,000

0.2%

150,000

0.2%

150,000

0.2%
Facilities

825,000

1.3%

850,000

1.3%

900,000

1.4%
Technology

600,000

1.0%

500,000

0.8%

300,000

0.5%
Contingency

225,000

0.4%

225,000

0.3%
Total other transfers & additions

2,775,000

2,942,500

2,867,500
TOTAL EXPENDITURES/TRANSFERS

61,188,696

100.0%

64,094,804

100.0%

66,195,440

100.0%