DOLLARS AND SENSE Peer Review Main Page
Peer Review Fall 04
(In Millions) For the Five Months Ending November 30, 2004
 
Statement of Revenues and Expenses

The BSD financial highlights for fiscal year 2004 are:

• Tuition increased by 13% in 2004 due to a 5% rate increase and a 5% increase in enrollment. The increase in financial aid is proportionate to the tuition increases.

• Total Grant and Contracts spending increased by 7% in 2004 with particularly large increases in Microbiology and Medicine.

• Patient care revenue ended the year 2% below the previous year. This was primarily due to a combination of volume decreases in Surgery and the erosion of the private payor base.

• Use of Endowments and Gifts increased by $9 million to support recruitments and new programs.

• Capital spending was $65 million for the year, the largest expenditures being $37 million for the IRB and $8 million for NRB property acquisition.

  
 
 
June 30, 2004
June 30, 2003
Tuition
$ 26
$ 23
Grants and Contracts
194
181
Patient Care
147
150
Endowments and Gifts
36
27
Hospital Transfers for Academic Renewal
15
16
Other Income
41
36
Total Revenue
$ 459
$ 433
Faculty & Other Academic Compensation
192
186
Financial Aid
23
20
Facility Costs
41
38
Other Costs of Instruction and Patient Care
49
42
Grant and Contract Direct Costs
153
141
Total Expense
$ 458
$ 427
Excess of revenues over expenses
1
6