November 14, 2013

Page 1

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


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