2011–2012 Financial Plan - Cornell University Division of Budget ...

Operating Plan — HighlightsComposite Operating Plan - by Division(dollars in thousands)ResourcesIthacaCampusMedicalCollege1. Tuition & Fees 792,182 28,865 821,047 782,774 38,273 4.9%2. Investment/Endowment Distribution 241,121 41,591 282,712 279,686 3,026 1.1%3. Unrestricted Gifts 50,422 2,310 52,732 47,697 5,035 10.6%4. Restricted Gifts 54,378 49,406 103,784 100,762 3,022 3.0%5. Sponsored Programs (Direct) 305,475 129,713 435,188 456,004 (20,816) -4.6%6. Sponsored Programs (F&A) 88,880 47,742 136,622 133,828 2,794 2.1%7. Sponsored Programs (Qatar) 0 54,247 54,247 45,070 9,177 20.4%8. Institutional Allowances 0 36,330 36,330 33,493 2,837 8.5%9. State Appropriations 132,529 123 132,652 148,081 (15,429) -10.4%10. Federal Appropriations 19,367 0 19,367 18,542 825 0.0%11. Physician Organization (PO) 0 648,007 648,007 597,499 50,508 8.5%12. NYPH (Purchased Services) 0 98,391 98,391 96,726 1,665 1.7%13. Enterprise Sales & Services 135,738 23,275 159,013 153,005 6,008 3.9%14. Qatar Foundation 0 83,622 83,622 67,472 16,150 23.9%15. Educational Activities and Other Sources 129,687 44,102 173,789 178,466 (4,677) -2.6%16. Subtotal In-Year Revenues 1,949,779 1,287,724 3,237,503 3,139,105 98,398 3.1%11-12PlanChange from10-11 Forecast to PlanForecast Dollars Percent6Uses of Resources17. Salaries & Wages (Including Benefits) 1,053,428 714,065 1,767,493 1,701,591 65,902 3.9%18. Undergraduate Financial Aid 224,502 0 224,502 205,000 19,502 9.5%19. Graduate Financial Aid 134,853 18,783 153,636 151,445 2,191 1.4%20. General Expense 397,314 386,174 783,488 761,038 22,450 2.9%21. Qatar 0 137,069 137,069 111,542 25,527 22.9%22. Other Expenses 48,468 0 48,468 49,524 (1,056) -2.1%23. University Cost Redistributions (1,896) 1,896 0 (5,300) 5,300 -100.0%24. Subtotal Expenditures 1,856,669 1,257,987 3,114,656 2,974,840 139,816 4.7%25. Internal Expense on Taxable Debt 24,651 0 24,651 24,500 151 0.6%26. Debt Repayment 78,868 19,672 98,540 103,685 (5,145) -5.0%27. Subtotal Debt Repayment 103,519 19,672 123,191 128,185 (4,994) -3.9%28. Net Before Transfers (10,409) 10,065 (344) 36,080 (36,424) -101.0%Transfers (to)/from Fund Balances29. Endowment 4,893 1,976 6,869 16,486 (9,617)30. Plant/Project Support (66,154) (2,600) (68,754) (61,267) (7,487)31. Reserves 64,145 0 64,145 32,497 31,64832. Subtotal Transfers 2,884 (624) 2,260 (12,284) 14,54433. Net from Operations (7,525) 9,441 1,916 23,796 (21,880)