Thursday, November 14, 2013
Vol. 124, Issue 24
U.Va. BY THE NUMBERS: WHERE IS YOUR MONEY GOING?
Breakdown among different University schools, departments reveals disparities in fund distribution for 2013-2014 academic year LAW
CLAS
$63,406,061
$185, 036, 586
CURRY
DARDEN
$38,254,489
$74,039,878
BATTEN
COMMERCE
ARCHITECTURE
SEAS
$8,966,335
$29,605,927
$9,759,775
$90,125,508
NURSING
MEDICINE
$271,300,544
SCHOOL OF CONTINUING AND PROFESSIONAL STUDIES
$11,979,350
$13,924,141
LIBRARY
$27,097,307 Graphic by Rebecca Lim
Sales, Services and Other expenses 13%
University testing new budget model
Tuition and Fees 32.9%
Operating Cash Balance 2.7%
Academic Income (2013 - 2014)
Expendable Gifts 9.5%
Enrollment-based budget distribution model to start next year; aims to foster innovation, interdisciplinary studies
Endowment Distribution 11.1% Sponsored Programs 20.6%
State Appropriations 10.2%
Transfers 3.2% Internal Debt Service 4.5% Auxiliaries 11.1%
Instruction 26%
Financial Aid 7.2%
Building Maintenance 7.8%
Academic Expenditures (2013-2014) Graphs by Peter Simonsen
Administration 5.4% Student Services 3.1% Academic Support 10.4%
Research and Public Service 21.3%
Jordan Bower & Alia Sharif Associate Editors
The University is currently testing a new activity-based budgeting model intended to change the way schools and departments receive funding. The new system aims to make funding more responsive to the specific costs and revenues associated with particular activities — such as starting a new course offering. One of the main changes will be an alteration in the way the money from students’ tuition is
allocated to various schools and departments. Enrollment will now play a much more direct role on the allocation of funding to schools for course offerings, University spokesperson McGregor McCance said in an email. “Historically, there has been no direct relationship between enrollment in a school and the budget they receive,” McCance said. “Tuition has been booked centrally and the pool of tuition and state appropriations has been allocated to schools and adminis-
see BUDGET, page 43