Review of University Finances
10 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 Island University

Information provided for review without commentary.

Please send your thoughts and observations to
LIUFF3998@yahoo.com

 

 

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Brooklyn Campus Budget
Year/Year Comparisons

University Budget

2001-2002(1)

2010-2011(2)

% Change

Tuition 

$269,552,486

$410,940,900

+52.5%

Scholarship

$52,461,491

$81,677,900

+55.7%

Net Tuition

$217,090,995

$329,263,000

+51.7%

Operations Cost

$277,412,331

$368,588,000

+32.9%

Net Tuition as % Operations

78.3%

89%

+13.7%

Surplus/Deficit

$5,177,075

$348,000

-93.3%

Surp/Def as % Operations

+1.9%

0.1%

-94.4%

         

(1)From IRSform 990, Filed April, 2002

(2)Estimate of Approved University Budget, passed September 1, 2010

 


 
 

Endowment and Debt Service

2000-2001(1)

9/31/08 (2)

% Change

Endowment

$36,806,414

$68,523,251

+86.2%

Debt

$103,990,972

$152,310,285

+46.5%

Debt Service

$6,734,186

$10,839,184

+61%

Debt as % of Endowment

283%

223%

-21.2%

Service as % of Operations

2.2%

3.1%

+40.9%

         

(1)From IRSform 990, Filed April, 2002

(2)Audited Report: 2007-2008 Academic Year

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Brooklyn Campus Budget:
10 Year  Comparison

2001-2002

2010-2011

%Change

Net Tuition

$83,875,000

$156,664,000

+40.7%

 

Full-Time Salaries

$39,589,500

$84,202,196

+50%

as % Tuition

47.2%

53.8%

+6.7%

F/T Faculty Salary

$16,133,459

$22,515,495

+15.6%

as % all Salaries

35.4%

26.6%

-30.5%

as % Tuition

16.7%

14.3%

-28.3%

Total Staff Benefits

$14,000,000

$29,603,700

+43.2%

as % Tuition

16.7%

18.90%

+1.7%

as % Salaries

36.06%

35.16%

-4.6%

Adjunct/Overload

$7,709,000

$14,550,705

+62.7%

Academic Budgets(1)

$2,228,200

$2,910,000

+30.6%

as % Tuition

2.66%

1.86%

-30%

Academic Staff(2)

$4,132,800

$5,820,000

+9.9%

as % Tuition

4.93%

3.71%

-22.1%

Academic Support Salaries (3)

$2,251,500

$3,095,200

+10.7%

as % Tuition

2.68%

1.98%

-21.2%

Stud. Services (4)

$4,895,999

$6,507,600

+5.2%

as % Tuition

5.84%

4.15%

-25.2%

B&G Salaries

$5,562,700

$8,802,200

+20.5%

as % Tuition

6.63%

5.62%

-13.3%

Utilities

$2,215,000

$4,757,500

+115%

as % Tuition

2.64%

3.04%

+15.2%

Contribution to University Center

$5,660,000

$13,681,900

+141.7%

as % Tuition

7%

9%

+31.95

Bad Debt

$2,600,000

$3,497,600

+34.5%

as % Tuition

2.34%

2.24%

-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

Information provided for review without commentary.

Please send your thoughts and observations to
LIUFF3998@yahoo.com