Glencairn & |
||
Cairnwood |
Other |
Total |
Favorable / |
||
( Unfavorable ) |
||
Variance |
Budget 2017 |
Actual 2016 |
Enrollments |
230.7 |
285.3 |
516.0 |
-5.06% |
543.5 |
473.1 |
Dorm Counts |
60.3 |
145.8 |
206.1 |
-10.39% |
230.0 |
206.0 |
OPERATIONS ( CASH BASIS ) Income Tuition & Fees |
$ 3,044,958 |
$ 5,695,304 |
$ 0 |
$ 0 |
$ 8,740,262 |
-7.97% |
$ 9,497,000 |
$ 7,766,239 |
New Church Grant & Other Financial Aid |
($ 1,158,019 ) |
($ 4,331,379 ) |
$ 0 |
$ 0 |
($ 5,489,398 ) |
-0.81% |
($ 5,534,470 ) |
($ 4,961,678 ) |
Net Tuition & Fees |
$ 1,886,939 |
$ 1,363,925 |
$ 0 |
$ 0 |
$ 3,250,864 |
-17.96% |
$ 3,962,530 |
$ 2,804,561 |
Net Room & Board ( College Grants of $ 549,852 and ANCSS grants of $ 216,360 for FY17 ) |
$ 261,357 |
$ 1,128,867 |
$ 0 |
$ 0 |
$ 1,390,224 |
-12.96% |
$ 1,597,260 |
$ 1,346,765 |
Government Grants ( for financial aid ) |
$ 276,635 |
$ 2,776,271 |
$ 0 |
$ 0 |
$ 3,052,906 |
0.28 % |
$ 3,044,500 |
$ 2,783,921 |
Total Student Revenues |
$ 2,424,931 |
$ 5,269,063 |
$ 0 |
$ 0 |
$ 7,693,994 |
-10.58% |
$ 8,604,290 |
$ 6,935,247 |
Endowment Payout |
$ 2,634,787 |
$ 3,013,819 |
$ 2,242,311 |
$ 284,910 |
$ 8,175,827 |
5.83 % |
$ 7,725,076 |
$ 7,788,392 |
Fund for the Academy / Private Gifts & Grants |
$ 1,226,758 |
$ 424,468 |
$ 29,590 |
$ 50 |
$ 1,680,866 |
-38.99% |
$ 2,755,200 |
$ 2,340,277 |
Transfers & Other |
$ 866,745 |
$ 2,182,364 |
$ 1,002,243 |
$ 116,697 |
$ 4,168,049 |
-5.11% |
$ 4,392,385 |
$ 5,136,784 |
Total Income |
$ 7,153,221 |
$ 10,889,714 |
$ 3,274,144 |
$ 401,657 |
$ 21,718,736 |
-7.49% |
$ 23,476,951 |
$ 22,200,700 |
Expense Salaries & Benefits Costs - Program-Related |
$ 4,501,043 |
$ 5,978,159 |
$ 1,398,619 |
$ 192,319 |
$ 12,070,140 |
3.25 % |
$ 12,475,269 |
$ 11,732,871 |
- Housing-Related |
$ 238,693 |
$ 179,524 |
$ 0 |
$ 0 |
$ 418,217 |
10.56 % |
$ 467,595 |
$ 390,793 |
- Administrative |
$ 452,032 |
$ 1,017,938 |
$ 93,008 |
($ 78,356 ) |
$ 1,484,622 |
1.94 % |
$ 1,514,039 |
$ 1,497,668 |
Total Salaries & Benefits |
$ 5,191,768 |
$ 7,175,621 |
$ 1,491,627 |
$ 113,963 |
$ 13,972,979 |
3.35 % |
$ 14,456,903 |
$ 13,621,332 |
Facilities Costs - Program-Related |
$ 1,446,117 |
$ 1,405,034 |
$ 654,586 |
$ 39,611 |
$ 3,545,348 |
2.01 % |
$ 3,618,237 |
$ 3,491,029 |
- Housing-Related |
$ 379,025 |
$ 557,918 |
$ 0 |
($ 0 ) |
$ 936,943 |
4.36 % |
$ 979,657 |
$ 835,586 |
- Administrative |
$ 0 |
$ 0 |
$ 0 |
$ 0 |
$ 0 NA |
$ 0 |
$ 0 |
|
Total Facilities Costs |
$ 1,825,142 |
$ 1,962,952 |
$ 654,586 |
$ 39,611 |
$ 4,482,291 |
2.51 % |
$ 4,597,894 |
$ 4,326,615 |
Other Costs - Program-Related |
$ 936,519 |
$ 2,051,357 |
$ 553,684 |
$ 75,327 |
$ 3,616,887 |
-2.14% |
$ 3,541,243 |
$ 3,345,717 |
- Housing-Related |
$ 337,975 |
$ 750,561 |
$ 0 |
$ 0 |
$ 1,088,536 |
8.15 % |
$ 1,185,160 |
$ 1,068,626 |
- Administrative |
$ 424,705 |
$ 496,409 |
$ 59,236 |
$ 104,690 |
$ 1,085,040 |
-1.26% |
$ 1,071,525 |
$ 1,074,840 |
Total Other Costs |
$ 1,699,199 |
$ 3,298,327 |
$ 612,920 |
$ 180,017 |
$ 5,790,463 |
0.13 % |
$ 5,797,928 |
$ 5,489,183 |
Total Expenses |
$ 8,716,109 |
$ 12,436,900 |
$ 2,759,133 |
$ 333,591 |
$ 24,245,733 |
2.44 % |
$ 24,852,725 |
$ 23,437,130 |
CAPITAL ITEMS ( CASH BASIS ) Income and Other Receipts Capital Campaign & Other Gifts ( net of Campaign expenses ) |
$ 1,928,000 |
$ 10,700,000 |
$ 9,915,000 |
Debt Proceeds |
$ 0 |
$ 0 |
$ 0 |
Endowment Payout |
$ 1,399,000 |
$ 1,895,000 |
$ 1,295,000 |
Sales , Transfers & Other |
$ 4,013,000 |
$ 552,000 |
$ 2,760,000 |
Total Income and Other Receipts |
$ 7,340,000 |
$ 13,147,000 |
$ 13,970,000 |
Expenditures Debt Service - Interest and Fees |
$ 539,000 |
$ 450,000 |
$ 415,000 |
- Principal Payments |
$ 3,635,000 |
$ 3,610,000 |
$ 3,473,000 |
Total Debt Service |
$ 4,174,000 |
$ 4,060,000 |
$ 3,888,000 |
Capital Expenditures |
$ 6,097,000 |
$ 11,252,000 |
$ 8,122,000 |
Transfers Out / Other Expenses |
$ 24,000 |
$ 3,955,000 |
|
Total Expenditures |
$ 10,295,000 |
$ 15,312,000 |
$ 15,965,000 |
Total Expenditures Net of Receipts ( funded |
($ 5,481,996 ) |
($ 3,540,774 ) |
($ 3,231,430 ) |
by endowment withdrawals ) |