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The University’s Finances

The University’s Finances. Spring Term, 2010. University’s Finances. Sources of Funds. Uses of Funds. Tuition, Room and Board Endowment Spending Gifts Grants Auxiliary Operations. Annual Operations Principal payments on debt

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The University’s Finances

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  1. The University’s Finances Spring Term, 2010

  2. University’s Finances Sources of Funds Uses of Funds • Tuition, Room and Board • Endowment Spending • Gifts • Grants • Auxiliary Operations • Annual Operations • Principal payments on debt • Capital projects such as building upkeep and upgrade, equipment, technology, library acquisitions

  3. University’s Finances Order of Magnitude • Operations - $110,000,000 • Debt Payments - $3,500,000 - $5,000,000 • Capital Needs – Ideally $13,000,000; limited by cash availability to $7 - $9,000,000

  4. Budget Cycles Operating Budget Capital Budget • Fall, previous year • Position planning • Revenue plans • February Board Meeting • Comprehensive Fee approved based on draft budget and agreed upon assumptions related to enrollment, endowment, giving, and major cost assumptions • Spring Semester • Detailed cost budgets developed • Changes made as new information gathered • May Board Meeting • Budget approved • Fall, previous year • Requests gathered • Cash Flow projected • Requests reviewed by Senior Staff and B&F Committee Rep and prioritized to fit cash available • February Board Meeting • Plan approved to allow for procurement in time for summer installation and implementation

  5. Operating Budget

  6. 2009-2010 Operating Revenues

  7. 2009-2010 Operating Expenditures by Type

  8. 2009-2010 Operating Expenditures by Function

  9. ($M) (%) Endowment Market Value and Investment Return

  10. Projected Endowment Spending

  11. Capital Budget Sources of Funds Uses of Funds • Cash from operations • Borrowing • Gifts • Grants

  12. Faculty Salaries v. NCG Weighted Mean

  13. Admin. Salaries v. NCG Weighted Mean

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