Financials
By the Numbers: As these pages indicate, the financial underpinnings of the college are secure, despite a period of great economic uncertainty, thanks in large part to campus-wide budget discipline and the support of friends and alumni like you. Under President Bierman's leadership, the college has maintained a balanced budget, the endowment climbed to $121 million, fall enrollments have been on target, and annual giving—which has a direct impact on the operating budget—achieved, then exceeded fiscal year-end goals.
2010-2011 STATEMENT OF ACTIVITIES
Unaudited statement as of May 31, 2011
| Revenue, 2010-2011 | ||
|---|---|---|
| Tuition and fees | $44,413,101 | 79.28% |
| Interest and other income | $742,141 | 1.33% |
| Endowment income | $152,841 | 0.27% |
| Gifts and grants | $2,535,951 | 4.53% |
| Auxiliary enterprises | $8,175,129 | 14.59% |
| Total revenue | $56,019,163 | 100% |
Expenses, 2010-2011 |
||
|---|---|---|
| Salaries | $18,736,650 | 33.46% |
| Fringe benefits | $5,655,508 | 10.10% |
| Operations | $5,186,877 | 9.26% |
| Library acquisitions | $327,167 | 0.58% |
| Utilities | $1,602,027 | 2.86% |
| Financial aid | $20,700,821 | 36.97% |
| Facility maintenance | $586,350 | 1.05% |
| Capital equipment | $361,892 | 0.65% |
| Cost of sales | $1,097,894 | 1.96% |
| Debt service | $1,743,411 | 3.11% |
| Total expenditures | $55,998,597 | 100% |