Revenue
Where the money comes from
What is revenue?
What is the operating budget?
What students are charged / what students have to pay to go to college or university
What are prices?
Major types of federal funding for higher education
Budget for larger, longer-term projects
What is the capital budget?
Dominant sources of revenue (income) for higher education institutions' operating budgets (list 2)
What are: tuition and fees, state and local appropriations, endowment income, research grants and contracts, financial aid (numerous sources)?
Funds that can only be used for a designated purpose
What are restricted funds?
Tuition revenues minus institutional financial aid
Revenue sources primarily for community colleges
What are local appropriations?
Self-supporting enterprises. Residence halls, dining facilities, and profitable intercollegiate athletic programs are examples.
What are auxiliaries?
Largest spending category for non-profit higher education institutions
Options are: instruction, research, public service, academic support, institutional support, student services
What is instruction?
Primary revenue source for private, nonprofit four-year institutions (e.g., Dartmouth)?
What is one of the following:
- net tuition revenue
- private gifts (donations), grants, contracts
- investment returns/ endowment income
- federal grants, contracts
Institution type (non-profit) with smallest budget
The difference between what and institution spends (educational cost) and the amount of cost covered by tuition revenue (price)
What is the subsidy?
major difference between for-profit and non-profit institutions
for-profit institutions distribute profit to shareholders
NOT: for-profit institutions generate a "profit" (i.e., revenues exceed expenditures), since this is true for most non-profit institutions, too