1. The University’s Finances Spring Term, 2010

2. University’s Finances Sources of FundsUses of Funds Tuition, Room and Board Endowment Spending Gifts Grants Auxiliary Operations 2 Annual Operations Principal payments on debt Capital projects such as building upkeep and upgrade, equipment, technology, library acquisitions

3. University’s Finances Order of Magnitude Operations - $110,000,000 Debt Payments - $3,500,000 - $5,000,000 Capital Needs – Ideally $13,000,000; limited by cash availability to $7 - $9,000,000 3

4. Budget Cycles Operating BudgetCapital Budget Fall, previous year ▫Position planning ▫Revenue plans February Board Meeting ▫Comprehensive Fee approved based on draft budget and agreed upon assumptions related to enrollment, endowment, giving, and major cost assumptions Spring Semester ▫Detailed cost budgets developed ▫Changes made as new information gathered May Board Meeting ▫Budget approved Fall, previous year ▫Requests gathered ▫Cash Flow projected ▫Requests reviewed by Senior Staff and B&F Committee Rep and prioritized to fit cash available February Board Meeting ▫Plan approved to allow for procurement in time for summer installation and implementation

5. Operating Budget

6. 2009-2010 Operating Revenues

7. 2009-2010 Operating Expenditures by Type

8. 2009-2010 Operating Expenditures by Function

9. ($M) (%) Endowment Market Value and Investment Return

10. 10 Projected Endowment Spending

11. Capital Budget Sources of FundsUses of Funds Cash from operations Borrowing Gifts Grants 11

13. Faculty Salaries v. NCG Weighted Mean

14. Admin. Salaries v. NCG Weighted Mean