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ERIC Number: ED148199
Record Type: Non-Journal
Publication Date: 1977-Jun
Pages: 195
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
California Independent Colleges and Universities: Current Fund Revenue and Expenditures Analysis.
California State Postsecondary Education Commission, Sacramento.
The financial position of California's independent nonprofit postsecondary institutions and their financial progress are examined in this research report. Study data were derived from the audited financial statements of the institutions, recoded to NACUBO standards, and limited to fiscal 1974 and 1975. Current fund revenues and expenditures are studied in terms of distribution, educational and general revenues, and average expenditures per FTE student. Institutional risk is examined regarding unstable revenues, diminishing reserves, debt exposure ratios, and debt service coverage. Institutional financial position and progress are also reported. It is concluded that: (1) overall, in terms of revenue, the independent college industry in California is doing modestly better than the rest of the country; (2) most of the private colleges are heavily dependent on tuition and gift revenue; and (3) changes in personal income, population, and state and federal student aid can be expected to greatly impact the institutions. (LBH)
California Postsecondary Education Commission, 1010 12th St., Sacramento, California 95814
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: California State Postsecondary Education Commission, Sacramento.
Identifiers - Location: California