1 / 19

Town Meeting

American University of Beirut. Town Meeting. 2006 / 2007 Budget June 2006. A Year of Progress. Balanced Operating Results for last four years and Balanced Operating Budget for 2006/07

axel
Download Presentation

Town Meeting

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. American University of Beirut Town Meeting 2006 / 2007 Budget June 2006

  2. A Year of Progress • Balanced Operating Results for last four years and Balanced Operating Budget for 2006/07 • Balanced Capital Budget that supports significant new construction and continued investment in academics and medicine • Continuing Revenue growth at the AUBMC • Pooled Assets of $407 million as of April 30

  3. Current Challenges • Donor support for operations ( non-restricted funds) has not grown • Rising fuel costs • Lebanese economy remains fragile and continues to suffer from slow growth • Growing Government receivables • Increasing Government Tax burden

  4. Oil Prices

  5. Challenges Ahead • Flat enrollment • PhD programs on the horizon • Operating costs of new student facilities • Adding faculty strength • Continued renewal of AUB’s existing infrastructure

  6. Budget Assumptions • Stable overall student population • 7% increase in fuel costs vs. 2005/2006 & 26% vs. 2004/2005 • 11% increase in fuel and electricity consumption • 11% increase in Library periodical costs

  7. Tuition Rates • Realigning tuition rates across all faculties • Fair and consistent approach to pricing • Unify tuition rates into three main categories: - Medicine - Professional (Business, Engineering) - Science & liberal arts

  8. Tuition Rates

  9. Recommendations • Rationalize the tuition rate structure over time Average of 4.3% next year • 5.9% increase in student scholarships • 2.0 – 4.0% pool for merit increases

  10. Net Revenue Growth US$ Million Tuition Rate Increase 3.1 Increased Hospital Revenues 3.3 Sub-Total 6.4 Add: US Aid, Investment Income2.6 Total 9.0

  11. Operational Investments

  12. Need Based Financial Support ($000)

  13. Faculty Investment * Including visiting academic staff and Medicine

  14. Cost Creep

  15. Non-Instructional Support Services Costs

  16. Vital Capital Projects Total Project Cost (USD Millions) • Charles Hostler Student Center 23.1 • Olayan School of Business 20.3 • Irani Engineering Complex 14.1 • Scientific Research Building 4.4 • Medical Arts Facility (old OPD) 8.8 • School of Nursing 3.1 • Issam Fares Institute 4.7 • Dar Al-Handasah Architecture Bldg 5.0 • Bechtel Bldg 3.0 • Engineering & Science Library 4.0 • Cooling Plant 2.9 Total 93.4

  17. 06/07 Capital BudgetMajor Projects

  18. 06/07 Capital Budget Funding Renewal & Replacement $11.3 million Related Investment Income $0.6 million AUB Funding $11.9 million Balance Carry Forward(pre approved)$10.0 million Loan Financing $2.2 million Donor Funding $6.3 million American Schools & Hospitals Abroad (ASHA) $1.8 million Total $32.2 million

  19. Long-Term Objectives • Academic Excellence • Service Excellence • Financial Balance

More Related