|
Review
of University Finances
5 year Comparison
Prepared from a review
of the Approved Budgets of the University and the Certified Financial Reports.
Information Provided
Upon Request by the Administration of Long
IslandUniversity
Information
provided for review without commentary.
Please
send your thoughts and observations to
LIUFF3998@yahoo.com
University
Budget
|
|
2004-2005(1)
|
2009-2010(2)
|
%
Change
|
|
Tuition
|
$326,280,984
|
$375,269,000
|
+15.0%
|
|
Scholarship
|
$57,352,461
|
$68,815,000
|
+20%
|
|
Net
Tuition
|
$268,928,523
|
$306,545,000
|
+14%
|
|
Operations
Cost
|
$327,267,687
|
$354,285,000
|
+8.3%
|
|
Net
Tuition as % Operations
|
82%
|
87%
|
+6.1%
|
|
Surplus/Deficit
|
$4,520,394
|
($8,546,000)
|
-289%
|
|
Surp/Def
as % Operations
|
1.4%
|
-2.4%
|
-7.6%
|
(1)From
Long Island University Audited Financial Statement, August 31, 2006
(2)Estimate
of Approved University Budget, passed September 1, 2009
Endowment
and Debt Service
|
|
2004-2005(1)
|
9/31/08
(2)
|
%
Change
|
|
Endowment
|
$45,500,441
|
$96,675,913
|
+212%
|
|
Debt
|
$100,885,458
|
$152,310,285
|
+51%
|
|
Debt
Service
|
$8,800,000
|
$10,839,184
|
+23.2%
|
|
Debt
as % of Endowment
|
221.7%
|
158%
|
-29.2%
|
|
Service
as % of Operations
|
2.7%
|
3.1%
|
+14.8%
|
(1)From
Long Island University Audited Financial Statement, August 31, 2006(2)Audited
Report: 2007-2008 Academic Year
Brooklyn
Campus Budget:
5 Year Comparison
|
|
2004-2005
|
2009-2010
|
%Change
|
|
Net
Tuition
|
$103,050,000
|
$144,584,000
|
+40.3%
|
| Full-Time
Salaries |
$47,482,730
|
$72,817,660
|
+65%
|
|
as
% Tuition
|
50.7%
|
50.3%
|
-0.1%
|
|
F/T
Faculty Salary
|
$18,807,959
|
$21,364,782
|
+13.6%
|
|
as
% all Salries
|
39.6%
|
29.3%
|
-26.1%
|
|
as
% Tuition
|
18.25%
|
14.8%
|
-19.1%
|
| Total
Staff Benefits |
$19,800,000
|
$28,023,700
|
+41.5%
|
|
as
% Tuition
|
19.21%
|
19.38%
|
+0.1%
|
|
as
% Salaries
|
41.7%
|
38.48%
|
-7.31%
|
|
Adjunct/Overload
|
$9,336,400
|
$12,497,818
|
+33.9%
|
|
Academic
Budgets(1)
|
$2,580,000
|
$1,691,000
|
--34.55%
|
|
as
% Tuition
|
2.50%
|
1.17%
|
-53%
|
|
Academic
Staff(2)
|
$5,165,200
|
$5,800,800
|
+13.9%
|
|
as
% Tuition
|
5.01%
|
4.01%
|
-20%
|
|
Academic
Support Salaries (3)
|
$2,684,200
|
$2,699,600
|
+0.1%
|
|
as
% Tuition
|
2.60%
|
1.87%
|
-28.1%
|
| Stud.
Services (4) |
$5,716,900
|
$7,177,100 |
+25.5%
|
|
as
% Tuition
|
5.55%
|
4.96%
|
-10.6%
|
|
B&G
Salaries
|
$6,954,100
|
$8,384,000
|
+20.5%
|
|
as
% Tuition
|
6.75%
|
5.8%
|
-14.1%
|
|
Utilities
|
$2,807,000
|
$3,969,000
|
+41.4%
|
|
as
% Tuition
|
2.73%
|
2.8%
|
+2.5%
|
|
Contribution
to UniversityCenter
|
$7,323,000
|
$13,089,000
|
+78.7%
|
|
as
% Tuition
|
7%
|
9%
|
+31.95
|
|
Bad
Debt
|
$2,350,000
|
$3,400,000
|
+44.7%
|
|
as
% Tuition
|
2.3%
|
2.4%
|
+4.3%
|
(1)Expense
Budget totals from academic departments and academic deans
(2)Clerical/staff
from academic departments and academic deans
(3)Honors,
tutoring, IT, guided studies, etc.
(4)Admissions,
HEOP, Financial Aid, Registrar, Athletics, etc
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Information
provided for review without commentary.
Please
send your thoughts and observations to
LIUFF3998@yahoo.com
|
|