FY 2019 Annual Report College of Liberal Arts College of Liberal - - PowerPoint PPT Presentation

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Jan 17, 2024 465 likes •558 views

FY 2019 Annual Report College of Liberal Arts College of Liberal Arts FY 2019 Annual Report For FY 19 the College finished the year with an ending Balance of $685,649 Ending Balance $800,000.00 $685,648.56 $700,000.00 $600,000.00

SLIDE 1

FY 2019 Annual Report

College of Liberal Arts

SLIDE 2

College of Liberal Arts FY 2019 Annual Report

For FY 19 the College finished the year with an ending Balance of $685,649

$147,167.90 $685,648.56 $408,589.18 $- $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00 $600,000.00 $700,000.00 $800,000.00 FY 18 FY 19 FY 20 Budget

Ending Balance

SLIDE 3

FY 2019 Revenue

Revenue grew by $3.7 million in FY 2019
Revenue for the College is generally made up from our central recurring

allocations, Tuition and Fee income, Endowments, Gifts and Transfers

CLA’s Growth was driven by our annual increase in central funding of $1.7

million, as well as an increase in our tuition and fee revenue of another $1.7 million.

$66,000,000.00 $68,000,000.00 $70,000,000.00 $72,000,000.00 $74,000,000.00 $76,000,000.00 $78,000,000.00 $80,000,000.00 FY 18 FY 19 FY 20 Budget

Total Revenue

SLIDE 4

Revenue Continued

Tuition & Fee Revenue

Increase in Tuition & Fee Revenue is due to growth in our OnLine Programs and our new International Student Fee to support the PLaCE Program.

Transfers

Transfers in FY 19 decreased by $1.2 million due to the change in how we receive the OnLine Program Revenue

SLIDE 5

FY 2019 Expenses

For FY 19 the College finished the year with $80,077,877.46 in total

expenditures, which is just under a 1.6% increase from FY 18’s expense total of $78,831,086.10.

SLIDE 6

Travel and Professional Expenses

As in the past few years Travel and our Professional Expenses have

been steadily increasing.

Consulting expenses for the On-Line Masters Program have driven up the Professional

Expense line.

Dean’s commitment to continued support for faculty funding programs like ASPIRE,

PROMISE, Innovate and other recent initiatives around Degree in 3, Cornerstone, and Degree+.

SLIDE 7

FY 2020 Projected Budget

For FY 2020 the College is projecting a budget surplus of just over

$400,000.

External Services Revenue will also become a new funding source for

the College through the new agreement with Chegg, Inc.