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Review of University Finances
Information provided for
review without commentary. Brooklyn Campus Budget Trends
Moody’s Rating Summary August 19, 2009- Reaffirmed Baa3
rating on University rated Debt Strengths: §Large geographically and
social-economically diverse student base §Ability to raise tuition without
affecting student base §Stable fund raising averaging
$9.5 million in each of last 3 years §Managebale and
constant debt service obligation §Economic pressure on
student pool §Potential decline in
college age population §Debts in excess of
endowment §Potential breach of
liquidity covenant with Allied National Bank of |