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) | |||