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 Island University

Information provided for review without commentary.

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


 

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University Budget

2005-2006(1)

2010-2011(2)

% Change

Tuition 

$329,017,718

$410,940,900

+24.9%

Scholarship

$54,720,137

$81,677,900

+49.3%

Net Tuition

$274,297,575

$329,263,000

+20.0%

Operations Cost

$327,074,125

$368,588,000

+12.7%

Net Tuition as % Operations

83%

89%

+7.2%

Surplus/Deficit

$2,703,515

$348,000

-87.1%

Surp/Def as % Operations

0.8%

0.1%

-87.5%

         

(1)From Long Island University Audited Financial Statement, August 31, 2007

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

 


 
 
 

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

2005-2006

2010-2011

%Change

Net Tuition

$111,325,000

$156,664,000

+40.7%

Full-Time Salaries

$56,945,460

$84,202,196

+48%

as % Tuition

50.4%

53.8%

+6.7%

F/T Faculty Salary

$19,478,860

$22,515,495

+15.6%

as % all Salaries

34.7%

26.6%

-23.4%

as % Tuition

17.5%

14.3%

-18.2%

Total Staff Benefits

$20,680,000

$29,603,700

+43.5%

as % Tuition

18.58%

18.90%

+1.7%

as % Salaries

36.84%

35.16%

-5.6%

Adjunct/Overload

$8,940,000

$14,550,705

+62.8%

Academic Budgets(1)

$2,238,400

$2,228,200

-0.5%

as % Tuition

2.85%

2.66%

-6.7%

Academic Staff(2)

$5,297,600

$5,820,000

+9.9%

as % Tuition

4.76%

3.71%

-22.1%

Academic Support Salaries (3)

$2,796,300

$3,095,200

+10.7%

as % Tuition

2.51%

1.98%

-11.2%

Stud. Services (4)

$6,193,500

$6,507,600

+5.1%

as % Tuition

5.55%

4.15%

-25.3%

B&G Salaries

$7,305,100

$8,802,200

+20.5%

as % Tuition

6.56%

5.62%

-14.3%

Utilities

$2,897,500

$4,757,500

+64.2%

as % Tuition

2.60%

3.04%

+16.7%

Contribution to UniversityCenter

$8,027,000

$13,681,900

+70.5%

as % Tuition

7%

9%

+31.95

Bad Debt

$2,515,000

$3,497,600

+39.1%

as % Tuition

2.3%

2.24%

-0.3%

(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