2013-14 Operating & Capital Budget Plan - Cornell University ...

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MGifts/Contributions - Through March 31, 2013Reconciliation of Contributions to Cash Gifts(dollars in thousands)OPERATING REVENUEIthacaCampusMedicalCollegeCornellFoundation †March 3112-1311-12Year to Date Year to Date1. Unrestricted 35,957 8,292 - 44,249 71,3002. Temporarily Restricted 73,176 47,981 - 121,157 116,3283. Funds Functioning as Endowment * 637 29 - 666 5,2994. Subtotal 109,770 56,302 - 166,072 192,927NON-OPERATING REVENUE5. True Endowment 47,800 20,067 - 67,867 65,6726. Funds Functioning as Endowment § 5,558 1,064 17,616 24,238 4,7727. Split Interest Agreements 6,882 77 - 6,959 4,9948. Trusts Held by Others 1,843 2,768 - 4,611 1,0599. Loan Funds - 177 - 177 7710. Capital Acquisitions ** 1,843 1,696 - 3,539 315,23111. Capital Acquisitions - Gifts in Kind 6,896 - - 6,896 -12. Subtotal 70,822 25,849 17,616 114,287 391,805Appendices6613. Financial Statement Total 180,592 82,151 17,616 280,359 584,732ADJUSTMENTS14. Gifts from Outside Trusts (1,843) (2,768) - (4,611) (1,059)15. Pledges (Net Present Value) 21,038 6,142 - 27,180 (348,606)16. Timing (35,621) 24,475 - (11,146) 5,53717. Total Adjustments (16,426) 27,849 - 11,423 (344,128)18. Gift Records Total 164,166 110,000 17,616 291,782 240,604Notes:● This table reconciles the differences (line 13 through 18) between contributions as displayed in the financial statement (line 13)and cash gifts as reported by Alumni Affairs and Development (line 18). The largest of these adjustments (positive or negative )are often changes in the net present value of pledges (line 15) and timing differences in the recording of gifts between the twosystems (line 16).● Line 14 shows the net difference in valuation of gifts from outside trust agreements that are recorded in the contributors relationssystem at full value and may be reflected at present value in the financial statements. Line 15 reflects the pledge net present value ofrelations system. Line 16 identifies other periodic adjustments.● Some of these exclusions--all of which are based on reporting standards appropriate for each record--are entire (e.g., the inclusionof pledges in the financial statements and the exclusion of such promises from the cash gifts of the contributor relations system).Others are partial (e.g., the recognition in the financial statements of the interest that beneficiaries may have in split-interestagreements).† The Cornell University Foundation is a service for Cornell alumni and friends who wish to make charitable gifts through thestructure of a donor-advised fund.* Unrestricted funds functioning as endowment are classified as operating revenues.§ Restricted funds functioning as endowment continue to be classified as non-operating revenues.** Capital acquisitions includes a net pledge amount of $312M for the Cornell NYC Tech campus in 11-12.
NCornell Now Campaign - Through March 31, 2013Gifts Raised - Ithaca Campus *(dollars in thousands)Goal/TargetRaised through3/31/13Percent ofGoal/TargetCAMPAIGN GOALS1. Endowment Faculty Positions, various fields $20,6702. Faculty Renewal $31,0173. Faculty Diversity $3,6674. International Programs $16,9665. Life Sciences $58,8336. Institute for Social Sciences7. Business & Management Sciences $66,5648. Humanities and the Fine Arts $24,9809. Sustainable Development, Energy, Environment $10,89510. Economics $4,78211. Library Collections $6,62712. Ithaca-Weill Joint Programs $20013. Other Program Support, Ithaca $53,09414. Subtotal Faculty & Program Support $489,400 $298,295 61.0%15. Undergraduate Financial Aid $99,73216. International UG Scholarships $3,65117. Graduate Fellow/Prof School Scholarships $48,36018. Educational Excellence $11,20619. Service Learning & Public Engagement $14,05420. Other Program Support Students $23,31121. Subtotal Student $432,000 $200,314 46.4%22. Gates Hall $13,61923. Humanities Building $63,22424. Milstein Hall $2,75225. Physical Sciences Building $50026. Other Facilities $25,30727. Subtotal Facilities $88,600 $105,402 119.0%Appendices6728. Annual Fund $77,40229. Current-Use Program Support $182,83430. Subtotal Unrestricted $490,000 $260,236 53.1%31. Campaign Goals Total $1,500,000 $864,247 57.6%COLLEGE AND UNIT TARGETS1. Agriculture & Life Sciences $125,000 $87,586 70.1%2. Architecture, Art & Planning $30,000 $13,537 45.1%3. Arts & Sciences $225,000 $150,156 66.7%4. Athletics $50,000 $58,465 116.9%5. Computing & Information Sciences $35,000 $19,112 54.6%6. Cornell Library $25,000 $14,566 58.3%7. Engineering $185,000 $95,584 51.7%8. General University $305,000 $152,924 50.1%9. Hotel Administration $55,000 $38,360 69.7%10. Human Ecology $30,000 $11,668 38.9%11. Industrial & Labor Relations $60,000 $27,572 46.0%12. Johnson Art Museum $30,000 $9,827 32.8%13. Johnson School $95,000 $59,975 63.1%14. Lab of Ornithology $125,000 $41,562 33.2%15. Law School $35,000 $36,392 104.0%16. Student & Academic Services $15,000 $12,448 83.0%17. Veterinary Medicine $75,000 $34,514 46.0%18. College and Unit Targets Total $1,500,000 $864,247 57.6%Notes:* This table shows progress vs. the Cornell Now expanded campaign priorities announced in October 2011. University progress vs. the expandedtotal goal of $4.75 billion stands at $4.02 billion through March 31, 2013.
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2013-2014Operating & CapitalBUDGET
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ContentsFROM THE VICE PRESIDENT....
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“We are of course indebted to our
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Table 3: Ithaca Campus - Summary(do
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Industrial& LaborRelationsJohnsonSc
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Operating Budget — Details13impor
Page 18 and 19: plan was approved in September and
Page 20 and 21: Operating Budget — Details18Law S
Page 22 and 23: Operating Budget — Details20WEILL
Page 24 and 25: The New Budget ModelThe New Budget
Page 26 and 27: The New Budget Model24external fell
Page 28 and 29: The New Budget Model26research cent
Page 30 and 31: Implementing AdministrativeEfficien
Page 32 and 33: Financial Recovery30dropped to 6.5,
Page 34 and 35: Figure 8.Financial RecoveryFigure 9
Page 36 and 37: Institutional Intelligence:I 2 at C
Page 38 and 39: Strategic PlanningSince its foundin
Page 40 and 41: Space PlanningSuccessful space mana
Page 42 and 43: Capital Plan - 2013-14Capital Plan
Page 44 and 45: Figure 13. Funding Sources - FY 201
Page 46 and 47: Table 6: Approved Capital Activity
Page 48 and 49: Table 7: Sources and Uses of Capita
Page 50 and 51: Capital Plan — 2013-1448LEASED SP
Page 53 and 54: AppendicesA Academic Year Tuitions.
Page 55 and 56: BStudent Fees and Other Tuition Rat
Page 57 and 58: DProfile: Class of 2016CLASS OF 201
Page 59 and 60: D CONT.COMPARATIVE DATA: 2012 FALL
Page 61 and 62: FUndergraduate Tuition and FeesSele
Page 63 and 64: HUndergraduate Financial AidSource
Page 65 and 66: JFacilities and Administrative Cost
Page 67: LEndowment Market Valuefor Selected
Page 71 and 72: O CONT.SOURCES OF FUNDINGPROJECT EX
Page 73 and 74: O CONT.SOURCES OF FUNDINGPROJECT EX
Page 75 and 76: QProjected Maintenance Funding - It
Page 77 and 78: SRoom and Board Rates - Ithaca Camp
Page 79 and 80: UExisting Budget ModelsThe Ithaca c
Page 81 and 82: V CONT.• Academic facilities shou
Page 83 and 84: W CONT.• Cross-functional working
Page 85 and 86: X CONT.CRITERIA FOR DECISION-MAKING
Page 87 and 88: ZInterdepartmental Fee GuidelinesAp
Page 89 and 90: Z CONT.preparing the fee request- E
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