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The University’s Finances - II

The University’s Finances - II. Spring Semester, 2010. Primary Budget Variables. Revenue Pricing Comp Fee Discount Rate Net Revenue per student Enrollment Endowment Giving. Expenditures Salaries and Wages Benefits Expendables Debt Service. Revenue Side of the Equation.

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The University’s Finances - II

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  1. The University’s Finances - II Spring Semester, 2010

  2. Primary Budget Variables • Revenue • Pricing • Comp Fee • Discount Rate • Net Revenue per student • Enrollment • Endowment • Giving • Expenditures • Salaries and Wages • Benefits • Expendables • Debt Service

  3. Revenue Side of the Equation

  4. 2009-2010 Price Increases of the NCG Median – 4% Mean – 4.2% SLU – 5%

  5. Comprehensive Fees Vassar $51,470 Trinity $51,400 Bates $51,300 Skidmore $51,196 Connecticut $51,115 Colgate $50,940 Middlebury $50,780 Bucknell $50,320 Hobart/William Smith $50,245 Carleton $50,205 Dickinson $50,194 St. Lawrence $49,925 Hamilton $49,860 Kenyon $49,410 Holy Cross $49,341 Gettysburg $48,500 Drew $48,385 Macalester $47,392 Denison $45,720 Muhlenberg $45,580 Wooster $44,280 Ohio Wesleyan $44,254 Allegheny $42,000 Kalamazoo $40,419 Wheaton, IL $35,496 St. Lawrence University Ranks 13th in the NCG

  6. 2009-10 Price Increases of Admissions Overlap Group Median =3.9% Mean = 4.1% SLU-5%

  7. Admissions Overlap Group Skidmore $51,196 Colgate $50,940 Union $50,440 Colby $50,320 Hobart/WS $50,245 Dickinson $50,194 St. Lawrence $49,925 Hamilton $49,860

  8. Comprehensive Fee Discount Rate

  9. NCG Estimated 2007-08Comprehensive Fee Discount

  10. SLU Net Comprehensive Fee Revenue/Student

  11. NCG 2007-08Comp Fee Revenue/Student

  12. Enrollment (2 semester avg) Projections Assume FY Class of 600

  13. NCG 07-08 Enrollment (FTE)

  14. SLU FY to Sophomore Retention Rate Reached All Time High Retention Rate this Fall

  15. Endowment Investment Performance

  16. Endowment Spending Model $ in millions Actual Projected

  17. Giving

  18. Expenditure Side of the Equation

  19. Salaries, Wages and Benefits - 59% of Operating Budget • Salaries total $46 million • Salary Policy • One more year of policy • Policy level is NCG average increase plus 1% • NCG Base is likely to be very small (<1%) • Union Contracts • Contracts end June, 2010

  20. SLU Administrative Salaries vs. NCG

  21. SLU Faculty Salaries vs. NCG Median

  22. Benefits - $17M • Health Care - $4.2M • Retirement Plan - $3.7M • FICA - $3.2M • Tuition Benefits - $3.1M

  23. Expendables - $27M • Utilities $4.6M • Food $3.2M • Travel (business and athletics) $3.4M • Fac & Equip maint/repair $2.4M • Int’l Program payments $2.0M • Print/copy/mail $1.9M

  24. Debt Service $ in millions *Includes interest rate swap **Based on original payment schedule

  25. Hi/Mid/Low Projection Comprehensive Fee - Net Student Revenues Discount Rate – Net Student Revenues *Indicates current variable value

  26. Hi/Mid/Low Projection Enrollment – FY Class Size – Net Student Revenues Endowment Return – Formula Income *Indicates current variable value

  27. ‘Best’ & ‘Worst Case’ – FY2010-11

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