Community Forum. September 20, 2011. Ten Year Trends. Sources of Uses of Funds. Sources By Category Compared to Operating Expenses. Use of Annual Endowment Draw to Support Operations. Contribution of Tuition to Expenses. AUC Diversification of Funding Sources. AUC Uses of Funds.
September 20, 2011
Sources of Uses of Funds
Tuition % fees gross revenue more than doubled over the last decade.
Growth in operating expenses outpaced both the tuition & fees and total operating revenue.
Note. Anything over 100% shows reliance on endowment.
Note. Others include the 315 physically challenged employees, LWOP, Relocated, Grants, Senior Administrators, Consultants and DDC Off Campus employees.
AUC increases tuition fees for 2011-2012 by 9%.
Consumer Price Index (Inflation Rate) in Egypt for March 2011 was 11.5%.
Therefore, AUC’s tuition increase did not outpace Egypt’s inflation rate.
Enrollment increased 5.2% from 6,553 to 6,892
Tuition increased by 9%
Financial Aid increased 15% to $26.7 million
Auxiliary services and continuing education return to normal
Gifts to endowment $5 million
Gifts to Facilities $9.1 million
Staff level freeze at 2841
Staff attrition assumed at 75
Faculty level at 460
Faculty attrition assumed at 20
Salary increase for levels 1-9 and faculty
Over time reduced by $700,000
Controllable expenses reduced by 10%