Agenda Item No.

Washburn University Board of Regents


SUBJECT: Quarterly Report for Quarter Ended December 31, 2001

DESCRIPTION:

The Statement of Revenues and Expenditures for the Quarter Ended December 31, 2001 is attached along with the Statement of Revenues and Expenditures for the Quarter Ended December 31, 2000 for comparison.

FINANCIAL IMPLICATIONS:

None. Revenues and expenditures are in line with current year budgets and relative comparisons to last year.

RECOMMENDATION:

President Farley recommends the Board of Regents accept the Quarterly Report for the Quarter Ended December 31, 2001.

____________________ _______________________

(date) Jerry B. Farley, President

 

Washburn University
Statement of Revenues and Expenditures
GENERAL FUND - FY 01/02
Period Ended: December 31, 2001
% of
 1st Qtr  2nd Qtr  3rd Qtr  4th Qtr  YTD  Budget Budget
Revenues - E&G
Student tuition & fees        8,696,140           151,304                   -                     -          8,847,444      19,092,572 46.3%
State aid        5,297,016                   -                     -                     -          5,297,016      10,594,032 50.0%
Out-district revenue                   -                     -                     -                     -                     -             121,308 0.0%
Sales tax        4,459,001        4,289,990                   -                     -          8,748,991      15,441,273 56.7%
Benefit reimbursement            62,500            87,500                   -                     -             150,000           300,000 50.0%
Endowment revenue                   -                     -                     -                     -                     -          1,083,584 0.0%
KTWU revenue           479,615           282,199                   -                     -             761,814        1,882,399 40.5%
Investment revenue           215,971           181,610                   -                     -             397,580           845,000 47.1%
Athletic revenue            81,062            46,816                   -                     -             127,878           324,875 39.4%
Other revenues           209,444            95,281                   -                     -             304,725           181,500 167.9%
     19,500,748        5,134,700                   -                     -        24,635,448      49,866,543 49.4%
Distribution of Reserves                   -                     -                     -                     -                     -          2,985,798 0.0%
Total Revenues      52,852,341
Expenditures - E&G
Academic Programs        4,094,028        5,770,603                   -                     -          9,864,631      21,585,808 45.7%
Research/Academic Support        2,265,572        1,923,980                   -                     -          4,189,552        8,956,011 46.8%
Student Services        1,111,677        1,327,303                   -                     -          2,438,980        4,704,800 51.8%
Institutional Support        1,424,219        1,768,871                   -                     -          3,193,090        6,424,958 49.7%
Physical Plant           801,390        1,076,419                   -                     -          1,877,809        3,877,700 48.4%
Other           534,411           362,101                   -                     -             896,511        5,762,315 15.6%
     10,231,298      12,229,277                   -                     -        22,460,574      51,311,592 43.8%
Contingency              5,000            94,926            99,926        1,400,000 7.1%
Total Expenditures      10,236,298      12,324,203      22,560,500      52,711,592
Net E&G Activity        9,264,451       (7,094,577)                   -                     -          2,074,947           140,749
Auxiliary Activity
Housing Revenues           412,521            22,535                   -                     -             435,056        1,419,284 30.7%
Housing Expenditures           176,913           302,960                   -                     -             479,873        1,230,229 39.0%
Net Housing           235,608          (280,425)                   -                     -             (44,817)           189,055
Memorial Union Revenues        1,487,045           657,172                   -                     -          2,144,217        5,364,749 40.0%
Memorial Union Expenditures        1,346,271           862,853                   -                     -          2,209,125        5,694,553 38.8%
Net Memorial Union           140,774          (205,681)                   -                     -             (64,908)          (329,804)
Net Auxiliary Activity           376,382          (486,107)                   -                     -            (109,725)          (140,749)
NET RESULTS        9,640,832       (7,580,684)                   -                     -          1,965,222                   (0)

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