Agenda Item No. _________

Washburn University Board of Regents





SUBJECT: Quarterly Report for Quarter Ended March 31, 2002



DESCRIPTION:



The Statement of Revenues and Expenditures for the Quarter Ended March 31, 2002 is attached along with the Statement of Revenues and Expenditures for the Quarter Ended March 31, 2001

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 March 31, 2002.





______________________________ _______________________________

Date Jerry B. Farley, President



Washburn University
Statement of Revenues and Expenditures
GENERAL FUND - FY 00/01
Period Ended: March 31, 2001
% of
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr YTD Budget Budget
Revenues - E&G
Student tuition & fees 7,992,340 158,409 7,391,412 0 15,542,161 18,176,312 85.5%
State aid 4,635,206 0 4,635,205 0 0 9,270,411 0.0%
Out-district revenue 0 73,254 68,328 0 141,582 181,962 77.8%
Sales tax 4,690,087 5,065,254 5,488,455 0 15,243,796 14,219,024 107.2%
Benefit reimbursement 48,531 48,531 31,223 0 128,285 250,000 51.3%
Endowment revenue 0 0 840,859 0 840,859 869,552 96.7%
KTWU revenue 445,845 538,528 629,216 0 1,613,589 1,820,353 88.6%
Investment revenue 302,157 302,158 323,053 0 927,368 905,000 102.5%
Athletic revenue 342,406 65,601 28,991 0 436,998 354,875 123.1%
Other revenues 154,414 112,243 2,438 0 269,095 160,000 168.2%
18,610,986 6,363,978 19,439,180 0 44,414,144 46,207,489 96.1%
Distribution of Reserves 0 0 0 0 0 2,997,930 0.0%
Total Revenues 49,205,419
Expenditures - E&G
Academic Programs 3,766,330 5,461,261 5,382,502 0 14,610,093 20,884,052 70.0%
Research/Academic Support 1,953,953 1,917,613 1,694,882 0 5,566,448 8,710,861 63.9%
Student Services 985,322 1,188,544 1,340,110 0 3,513,976 4,637,851 75.8%
Institutional Support 1,279,919 1,486,685 1,539,605 0 4,306,209 5,839,868 73.7%
Physical Plant 706,509 949,811 1,124,354 0 2,780,674 3,835,646 72.5%
Other 1,554,621 108,473 297,408 0 1,960,502 5,143,085 38.1%
10,246,654 11,112,387 11,378,861 0 32,737,902 49,051,363 66.7%
Total Expenditures 49,051,363
Net E&G Activity 8,364,332 (4,748,409) 8,060,319 11,676,242 154,056
Auxiliary Activity
Housing Revenues 63,779 26,361 66,830 156,970 185,444 84.6%
Housing Expenditures 35,115 46,394 92,072 173,581 197,696 87.8%
Net Housing 28,664 (20,033) (25,242) 0 (16,612) (12,252)
Memorial Union Revenues 1,443,506 377,676 1,298,516 0 3,119,698 4,190,424 74.4%
Memorial Union Expenditures 1,543,868 930,655 1,365,904 0 3,840,427 4,332,228 88.6%
Net Memorial Union (100,362) (552,979) (67,388) 0 (720,730) (141,804)
Net Auxiliary Activity (71,699) (573,013) (92,630) (737,341) (154,056)
NET RESULTS 8,292,633 (5,321,422) 7,967,689 0 10,938,901 0


Washburn University
Statement of Revenues and Expenditures
GENERAL FUND - FY 01/02
Period Ended: March 31, 2002
% of
1st Qtr 2nd Qtr 3rd Qtr YTD Budget Budget
Revenues - E&G
Student tuition & fees 8,696,140 151,304 8,719,744 17,567,188 19,092,572 42.6%
State aid 5,297,016 0 5,297,016 10,594,032 10,594,032 1059403200.0%
Out-district revenue 0 0 60,259 60,259 121,308 49.7%
Sales tax 4,459,001 4,289,990 4,610,899 13,359,890 15,441,273 86.5%
Benefit reimbursement 62,500 87,500 87,500 237,500 300,000 79.2%
Endowment revenue 0 0 1,089,936 1,089,936 1,083,584 100.6%
KTWU revenue 479,615 282,199 909,325 1,671,139 1,882,399 88.8%
Investment revenue 215,971 181,610 146,953 544,533 845,000 64.4%
Athletic revenue 81,062 46,816 43,726 171,604 324,875 52.8%
Other revenues 209,444 95,281 269,115 573,840 181,500 316.2%
19,500,748 5,134,700 21,234,473 45,869,921 49,866,543 92.0%
Distribution of Reserves 0 0 0 2,985,798 0.0%
Total Revenues 52,852,341
Expenditures - E&G
Academic Programs 4,094,028 5,770,603 5,640,955 0 22,623,827 0.0%
Research/Academic Support 2,265,572 1,923,980 1,832,636 6,022,188 9,189,125 65.5%
Student Services 1,111,677 1,327,303 1,178,057 3,617,037 4,875,924 74.2%
Institutional Support 1,424,219 1,768,871 1,548,652 4,741,742 6,694,969 70.8%
Physical Plant 801,390 1,076,419 986,496 2,864,305 4,033,398 71.0%
Other 534,411 362,101 354,938 1,251,449 3,813,652 32.8%
10,231,298 12,229,277 11,541,734 34,002,308 51,230,895 66.4%
Contingency 5,000 94,926 202,817 302,743 1,400,000 21.6%
Total Expenditures 10,236,298 12,324,203 11,744,551 34,305,051 52,630,895
Net E&G Activity 9,264,451 (7,094,577) 9,692,739 11,564,869 221,446
Auxiliary Activity
Housing Revenues 412,521 22,535 383,277 818,333 1,219,284 67.1%
Housing Expenditures 176,913 302,960 257,587 737,460 1,236,072 59.7%
Net Housing 235,608 (280,425) 125,690 80,873 (16,788)
Memorial Union Revenues 1,487,045 657,172 1,597,702 3,741,919 5,564,749 67.2%
Memorial Union Expenditures 1,346,271 862,853 1,664,588 3,873,712 5,769,407 67.1%
Net Memorial Union 140,774 (205,681) (66,886) (131,793) (204,658)
Net Auxiliary Activity 376,382 (486,107) 58,805 (50,920) (221,446)
NET RESULTS 9,640,832 (7,580,684) 9,751,544 11,513,949 0

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