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ANTIOCH UNIVERSITY
BOARD OF TRUSTEES MEETING
October 25, 1991
FINANCIAL AFFAIRS REPORT
TABLE OF CONTENTS
……………………………………………………………………………………. 1 990/9 1 Financial Performance 2
…………………………………………………………………… 1 99019 1 Budget Performance Recap by Unit 3
………………………………………………………. 990191 University Performance by Summary Item 4
Campus Performance for 1 99019 1
Antioch College …………………………………………………………………………………………………… 5
Antioch Education Abroad
(AEA) …………………………………………………………………………… 6
Southern California Region ………………………………………………………………………………….. 7
So California breakdown (Actual only) ………………………………………………………. 8
Seattle ………………………………………………………………………………………………………………. 9
New England …………………………………………………………………………………………………….. 10
School for Adult and Experiential Learning
(SAEL) ………………………………………………. 11
University Administration (Central) …………………………………………………………………. 12
Glen
Helen/Outdoor
Education Center ………………………………………………………………….. 13
WYSO – – Unrestricted ………………………………………………………………………………………. 15
– – Restricted …………………………………………………………………………………………. 16
Antioch
Review …………………………………………………………………………………………………. 17
Community Government …………………………………………………………………………………….. 18
……………………………………………………………………………………… Unrestricted Designated Recap 19
Discontinued Operations and University Special for 1990191 ………………………………. 20
Development/Capital
Campaign Operations …………………………………………………………………….. 21
Recap Capital Campaign …………………………………………………………………………………….. 22
Updated Aging Report on 90191 Collections as of 913019 1 …………………………………………….. 23
Accounts Receivable Aging Report 6130191 ………………………………………………………… 24
Accounts Payable Aging Report 1 1186- 1 019 1 ………………………………………………………………. 25
Endowment
Performance 1 99019 1 …………………………………………………………………………………….. 26
Portfolio June 30. 1 99 1 …………………………………………………………………………………… 29
Update September 30. 199 1 ……………………………………………………………………………… 34
Campus Improvements …………………………………………………………………………………………………. 37
FY 92/93 Budget Guidelines …………………………………………………………………………………………. 39
Performance Update 9 1 192 . -to be handed out at Board Meeting
1 99019 1 FI NANCI AL PERFORMANCE
OCTOBER 25, 199 1
The University operated with a surplus of $6 1,136 for the 1990/9 1
year. We were not able, however, to honor our commitment to all the
campuses to carry forward any excess revenue produced during the
year, The shortfall in enrollment at the College and in the Annual
Fund created deficits in both the College’s and the Central
Administration’s performance to budget,
Antioch Education Abroad and Glen Helen had surplus funds
committed before June
30th-
AEA required assistance in funding a
program in Brazil. This was a joint venture with New England. Glen
Helen needed major bathroom repairs in the Lodge and the house used
for interns, Southern California received $120,000 in carry forward
funds.
No funds were borrowed for operations,
Our performance for 1990/9 1 operations was as follows:
1990/9 1 NET PERFORMANCE .,,a $ 6 1 ,136
Following are reports by campus comparing performance to budget.
For the first time in 1991 we were required to record depreciation
of capitalized assets. The financial statement reflects depreciation
for 1990 also.
3 1990l91 PERFORMANCE
BY UNIT
June 30, 199 1
COLLEGE
REVENUE
EXPENSES/TRANSFERS
NET GAIN
(-LOSS)
AEA
REVENUE
EXPENSES/TRANSFERS
NET GAIN
(-LOSS)
SOUTHERN CALIFORNIA
REVENUE
EXPENSES/TRANSFERS
NET GAIN (-LOSS)
SEATTLE
REVENUE
EXPENSES/TRANSFERS
NET GAIN (-LOSS)
NEW ENGLAND
REVENUE
EXPENSES/TRANSFERS
NET GAIN (-LOSS)
SAEL
REVENUE
EXPENSES/TRANSFERS
NET GAIN (-LOSS)
APPROVED
BUDGET
1 0,390,614
1 0,260J6 14
130,000
542,065
541,535
530
4,108,637
1,762,SS 1
2,346,086
3,493,380
3,437,042
56,338
5,186,000
5,08
1,000
105,000
2,145,979
2,062,179
83,800
UNIVERSITY ADMINISTRATION
REVENUE
EXPENSES/TRANSFERS
NET GAIN (-LOSS)
GLEN HELENtOEC
REVENUE
EXPENSES/TRANSFERS
NET GAIN (-LOSS)
WYSO
REVENUE
EXPENSES/TRANSFERS
NET GAIN
(-LOSS)
ANTIOCH REV1 EW
REVENUE
EXPENSES/TRANSFERS
NET GAIN (-LOSS)
COMMUNITY GOVERNMENT
REVENUE
EXPENSES/TRANSFERS
NET GAIN (-LOSS)
TOTAL UNRESTRICTED OPERATION
REVENUE 27,064,O 1 5
EXPENSES/TRANSFERS 24,342,261
NET GAIN (-LOSS) 2,721,754
REVISED FINAL VARIANCE
BUDGET PERFORMANCE TO BUDGET
TOTAL UNIVERSITY
FINAL PERFORMANCE
June 30, 199 1
1 990191
APPROVED
BUDGET
1 990/9 1 1990191 1 99049 1
REVISED FINAL VARIANCE
BUDGET PERFORMANCE TO BUDGET
(-unfavorable)
REVENUE
Tuition & Fees
Room & Board
Grants – State/Federal
Gifts – Private
Endowment Income
Sales I nco me
Cost Allowance
Other Sources
TOTAL REVENUE
EXPENSES
Salaries- Faculty
Salaries-Adjunct Faculty
Salaries- Administrative
Salaries-Staff
Other Salary & Services
Compensation Adjustment
Other Student Services
F ri nge Benefits
CWSP Match
Total Personnel Costs
Supplies
Mtgs, Wksp, Travel
Subs, Dues, Prtg,
Adv
Post, Telephone, Insurance
University Overhead
Innovation Fund
College Income Fund
Rent, Utility, Equip Rent
Unit Reserve
Debt & Interest
Bod Debt Expense
Student Aid (ATG)
Legal
Audit
Student Activities
Equip, Furn, Library Bks
Other Expenses
Total NOR- Personnel
TOTAL EXPENSES
TRANSFERS
875 Scholarship Transfers
Carry Forward
882 I nterdepartment Trsfs
Total Transfers
TOTAL
EXPENSESITRSFS
NET GAIN (-LOSS)
*BUDGET INCLUDES
UNIV
CONTINGENCY
UNCOLLECT REV RES
ANTIOCH COLLEGE 199049 1
APPROVED
BUDGET
FTE – 580
1 99049 1 1990491 1990491
REVISED FINAL VARIANCE
BUDGET PERFORMANCE TO REVISED June 30, 1991
FTE – 580 FTE – 526 BUDGET
(- UNFAYOR) REVENUE
401 Tuition& Fees
430 Room & Board
451 Grants – State/Federal
456 Gifts – Private
458 Endowment I ncome
472 Sales I ncome
477 Cost Allowance
479 Other Sources
TOTAL REVENUE
EXPENSES
Salaries- Faculty
Salaries-Adj unct Faculty
Salaries-Admi
nistrative
Salaries-Staff
Other Salary & Services
Other Student Services
Fri nge Benefits
CWSP Match
Total Personnel Costs
Supplies
Mtgs, Wksp, Travel
Subs, Dues, Prtg,
Adv
Post, Telephone, Insurance
University Overhead
Innovation Fund
College Income Fund
Rent, Utility, Equip Rent
Unit Reserve
Debt & Interest
Bad Debt Expense
Student Aid
(ATG)
Legal
Audit
Student Activities
Equip, Furn, Library Bk3
Other Expenses
Total Non- Personnel
TOTAL EXPENSES
TRANSFERS
875 Scholarship Transfers
882 l nterdepartment Trsfs
Total Transfers
TOTAL
EXPENSES/TRSFS
NET GAIN
(-LOSS) *
*BUDGET INCLUDES
UNIV CONTINGENCY
UNCOLLECT REV RES
PART OF THE DEFICIT WAS COVERED BY THE EXCESS IN AEA ( $5 1,473.00). $50,000 WAS PART
OF THE UNIVERSITY CONTINGENCY THAT WAS DETERMINED DURING THE YEAR WOULD NOT BE
REALIZED.
EXPENSES REFLECT COSTS OF $1 50,000 CONNECTED WITH THE POWER PLANT MELTDOWN.
ANTIOCH EDUCATION
ABROAD
(AEA)
June 30, 1991
REVENUE
Tuition & Fees
Room & Board
Grants – State/Federal
Gifts – Private
Endowment I ncome
Sales I ncome
Cost Allowance
Other Sources
TOTAL REVENUE
EXPENSES
60 1 Salaries-Faculty
602 Salaries-Adjunct Faculty
603 Salaries-Administrative
604 Salaries-Staff
605 Other Salary & Services
609 Other Student Services
620 Fringe Benefits
623 CWSP Match
Total Personnel Costs
630 Supplies
640 Mtgs, Wksp, Travel
650 Subs, Dues, Prtg, Adv
655 Post, Telephone, Insurance
657 University Overhead
658 Innovation Fund
659 College Income Fund
660 Rent, Utility, Equip Rent
667 Unit Reserve
67 1 Debt & Interest
674 Bad Debt Expense
675 Student Aid
(ATG)
676 Legal
678 Audit
689 Student Activities
694 Equip, Furn, Library
Bk?
699 Other Expenses
Total NOR- Personnel
TOTAL EXPENSES
TRANSFERS
875 Scholarship Transfers
Carry- Forward Funds
882
Interdepartment
Trsfs
Total Transfers
TOTAL EXPENSESITRSFS
NET GAIN (-LOSS)
1 99019 1 1 990I91 1990I91
APPROVED FINAL VARIANCE
BUDGET PERFORMANCE TO BUDGET
FTE – FTE – (-unfavorable)
* BUDGET INCLUDES
UNIV CONTINGENCY 0
UNCOLLECT REV RES 530
EXCESS REVENUE WAS A RESULT OF THREE PROGRAMS – BUDDHIST STUDIES,
WOMEN’S STUDIES AND THE JAPAN PROGRAM – THAT WERE NOT A PART OF THE
ORIGINAL BUDGET. THE JAPAN PROGRAM CONSISTED OF ALL ANTIOCH COLLEGE
STUDENTS WHICH CREATED PART OF THE COLLEGE SHORTFALL.
SOUTHERN CALIFORNIA
June 30, 1991
REVENUE
Tuition & Fees
Room & Board
Grants – State/Federal
Gifts – Private
Endow me nt I nco me
Sales I ncome
Cost Allowance
Other Sources
TOTAL REVENUE
EXPENSES
Salaries-Faculty
Salaries-Adj unct Faculty
Salaries-Admi nistrative
Salaries-Staff
Other Salary & Services
Compensation
Adjustment
Other Student Services
Fringe Benefits
CWSP Match
Total Personnel Costs
Supplies
Mtgs,
Wksp, Travel
Subs, Dues, Prtg, Adv
Post, Telephone, Insurance
University Overhead
Innovation Fund
College I ncorne Fund
Rent, Utility, Equip Rent
Unit Reserve
Debt & Interest
Bad Debt Expense
Student Aid
(ATG)
Legal
Audit
Student Activities
Equip, Furn, Library
Bks
1 99019 1
APPROVED
BUDGET
FTE – 579
1 99019 1 1 990191 1 99019 1
REVISED FINAL VARIANCE
BUDGET PERFORMANCE TO REVISED
FTE – 604 FTE – 657 BUDGET
(- UNFAYOR)
4,460,576 4,694,2 1 4 233,638
3 1,200 27,862 – 3,338
0 0 0
1 1,000 5,000 – 6,000
0 0 0
2,200 27,762 25,562
0 578 578
Other Expenses 1^m %m. 52,252 – 26.008
Total Non- Personnel 1,262,551 1,565,062 1,266,551 L.!w
TOTAL EXPENSES 4,024,376 4,439,176 4,438,381 795
TRANSFERS
875 Scholarship Transfers
Carru Forward
882
lnte~department
Trsfs Q. 3,000 1.1~3. a2
Total Transfers a. 5,flflo m.103 -119.103
TOTAL EXPENSES1 TRSFS !lDm,m &?e3.zD~ !?.s6!l,!w dl@.m!l
NET GAIN (-LOSS) 84.26 1 64,000 198,393 134,393
*BUDGET INCLUDES
UNIY CONTINGENCY 56,000 56,000
UNCOLLECT REV RES 28,261 8,000
THE ENROLLMENT GROWTH WAS IN BOTH LOS ANGELES AND SANTA BARBARA. THE
OVER-EXPENDITURE IN THE 650 LINE WAS APPROVED. PRINTING OF NEW PUBLICATIONS
WAS THE MAJOR PART OF IT.
SOUTHERN CALIFORNIA REGION
1
99019
1 FINAL PERFORMANCE
June 30, 1991
REVENUE
401 Tuition& Fees
430 Room& Board
45 1 Grants – StatelFederal
456 Gifts – Private
458 Endowment Income
472 Sales Income
477 Cost Allowance
479 Other Sources
TOTAL REVENUE
EXPENSES
601 Salaries- Faculty
602 Salaries-Adjunct Faculty
603 Salaries- Administrative
604 Salaries-Staff
605 Other Salary & Services
609 Other Student Services
620 Fringe Benefits
623 CWSP Match
Total Personnel Costa
630 Supplies
640 Mtgs,
Wksp,
Travel
650
Subs,Dues,
Prtg, Adv
655 Post, Telephone, Insurance
657 University Overhead
658 Innovation Fund
659 College Income Fund
660 Rent, Utility, Equip Rent
667 Unit Reserve
671 Debt & Interest
674 Bad Debt
Expem
675 Student Aid (ATG)
676 Legal
678 Audit
689 Student Activities
694 Equip, Furn, Library Bks
699 Other
Experoea
Total NOR-Personnel
TOTAL EXPENSES
TRANSFERS
875 Scholarship Transfers
Carry Forward
882
Interdepartment
Trsfs
Total Transfers
TOTAL
EXPENSESITRSFS
NET GAIN
(-LOSS)
LOS ANGELES
FTE – 460
SANTA
BARBARA
FTE – 197
8
REGIONAL TOTAL SO CALIF
FTE – 657
SEATTLE
June 30, 1 99 1
REVENUE
401 Tuition& Fees
430 Room& Board
45 1 Grants – State/Federal
456 Gifts – Private
458 Endowment Income
472 Sales Income
477 Cost Allowance
479 Other Sources
TOTAL REVENUE
EXPENSES
601 Salaries- Faculty
602 Salaries-Adjunct Faculty
603 Salaries-Administrative
604 Salaries-Staff
605 Other Salary & Services
608 Compensation
Adj
ustrnent
609 Other Student Services
620 Fringe Benefits
623 CWSP Match
Total Personnel Costs
630 Supplies
640
Mtgs,Wksp,Travel
650 Subs, Dues, Prtg, Adv
655 Post, Telephone, Insurance
657 University Overhead
658 Innovation Fund
659 College Income Fund
660 Rent, Utility, Equip Rent
667 Unit Reserve
671 Debt & Interest
674 Bad Debt Expense
675 Student Aid
(ATG)
676 Legal
678 Audit
689 Student Activities
694 Equip, Furn, Library
Bks
699 Other Expenses
Total Non- Personnel
TOTAL EXPENSES
TRANSFERS
875 Scholarship Transfers
882
Interdepartment
Trsfs
Total Transfers
TOTAL
EXPENSESITRSFS
NET GAIN (-LOSS)
199049 1
APPROVED
BUDGET
FTE – 435
199049 1 1 99049 1 1990491
REVISED FINAL VARIANCE
BUDGET PERFORMANCE TO REVISED
FTE-435 FTE-433 BUDGET
(- UNFAVOR)
3,420,292 3,438,089 17,797
0 0 0
0 0 0
16,000 3,000 – 13,000
0 0 0
6 1,000 57,540 -3,460
24,088 0 – 24,088
.u~flflO 32,554 -,- 25 384
3,535,380 3,538,O 13 2,633
Lisa
77,232
*BUDGET INCLUDES
UNIV CONTINGENCY
UNCOLLECT REV RES
NEW ENGLAND
REVENUE
401 Tuition & Feea
430 Room& Board
45 1 Grants – State/Federal
456 Gifts – Private
458 Endowment I ncome
472 Sales I ncome
477 Cost Allowance
479 Other Sources
TOTAL REVENUE
EXPENSES
601 Salaries- Faculty
602 Salaries-Adjunct Faculty
603 Salaries-Admi nistrative
604 Salaries-Staff
605 Other Salary & Services
609 Other Student Services
620 Fringe Benefits
623 CWSP Match
Total Peraenml Ceata
630 Supplies
640 Mtgs, Wksp, Travel
650 Subs, Dm, Prtg, Adv
655 Post, Telephone, Insurance
657 University Overhead
658 Innovation Fund
659 College Income Fund
660 Rent, Utility, Equip Rent
667 Unit Reserve
67 1 Debt & Interest
674 Bed Debt Expense
675 Student Aid
(ATG)..
676 Legal
678 Audit
689 Student Activities
694 Equip, Furn, Library
Bks
699 Other Expenses
Tetal Iton- Peraennel
TOTAL EXPENSES
TRANSFERS
875 Scholarship Transfers
882
Interdepartment
Trsfs
Tetal Trçaafer
TOTAL
EXPENSESITRSFS
MET GAIN (-LOSS)
*BUDGET INCLUDES
UNIY CONTINGENCY
UNCOLLECT REV RES
1990/9 1 1 99019 1 1 99019 1
APPROVED FINAL VARIANCE
BUDGET PERFORMANCE TO BUDGET
FTE – 600
4,820,750
0
0
10,000
0
3,000
126,000
2a,354
5.1 86,000
1,003 ,O5 1
6 1 3,155
373,034
226,877
76,584
0
737,295
95,000
3,124,996
78,540
136,759
1
46,28 1
130,450
640,000
18,000
69,000
456,412
100,000
14,400
12,000
0
2,000
2,000
0
98,042
2z#m l,as&,flfl4
5,081,000
0
Q
a 5.081.000
105,000
69,000
36,000
FTE – 675 (-unfavorable)
SCHOOL FOR ADULT &
EXPERIENTIAL LEARN
June 30, 199 1
REVENUE
40 1 Tuition & Fees
430 Room & Board
45 1 Grants – State/Federal
456 Gifts – Private
458 Endowment I ncome
472 Sales Income
477 Cost Allowance
479 Other Sources
TOTAL REVENUE
EXPENSES
60 1 Salaries- Faculty
602 Salaries- Adj unct Faculty
603 Salaries-Administrative
604 Salaries-Staff
605 Other Salary & Services
609 Other Student Services
620
FrinqÃ
Benefits
623 CWSP Match
Total Personnel Costs
630 Supplies
640 Mtgs, Wksp, Travel
650 Subs, Dues, Prtg, Adv
655 Post, Telephone, Insurance
657 University Overhead
658 Innovation Fund
659 College Income Fund
660 Rent, Utility, Equip Rent
667 Unit Reserve
67 1 Debt & Interest
674 Bad Debt Expense
675 Student Aid
(ATG)
676 Legal
678 Audit
689 Student Activities
694 Equip, Furn, Library Bks
699 Other Expenses
Total Mon- Per9çnne
TOTAL EXPENSES
TRANSFERS
875 Scholarship Transfers
882 I nterdepartment Trsfs
Total Transfers
TOTAL
EXPENSESJTRSFS
NET GAIN {-LOSS)
*BUDGET INCLUDES
UNIV CONTINGENCY
UNCOLLECT REV RES
199019 1
APPROVED
BUDGET
= – 494
2,104,354
28,625
0
0
0
0
13,000
0
2,145,979
290,O 1 9
168,000
178,103
149,920
132.928
76,600
279,2 1 3
Q
1,274,783
9,234
57,964
101,031
25,050
278,934
2,250
27,000
18,120
50,000
0
56,800
8,750
0
0
0
10,700
13,563 667,396
1,942,179
0
120,00(2
120000
2,062-179
83,800
27,000
56,800
199019 1 1 990191 1990191
REVISED FINAL VARIANCE
BUDGET PERFORMANCE TO BUDGET
%EL WAS ABLE TO COYER A MAJOR SHORTFALL IN ENROLLMENT IN THE WEEKEND COLLEGE
BY CUTTING COSTS AND MAKING MAJOR STRIDES IN IMPROVING THEIR COLLECTION RATE.
OF THE 439.5 STUDENTS, 250.5 ARE IMA AND 189 ARE IN THE WEEKEND COLLEGE.
CENTRAL ADMIN.
June 30, 1 991
REVENUE
Tuition & Fees
Room & Board
Grants – StateiFederal
Gifts – Private
Endow me nt I ncome
Sales I ncorne
Cost
A1
lowance
Other Sources
TOTAL REVENUE
EXPENSES
Salaries- Faculty
Salaries- Adj unct Faculty
Salaries-Administrative
Salaries-Staff
Other Salary & Services
Other Student Services
Fringe Benefits
CWSP
Match
Total Person~l Costs
Supplies
Mtgs,
Wksp, Travel
Sub?, Dues, Prtg, Adv
Post, Telephone, Insurance
University Overhead
Innovation Fund
College Income Fund
Rent, Utility, Equip Rent
Unit Reserve
Debt & Interest
Bad Debt Expense
Student Aid
(ATG)
Legal
Audit
1 990t9 1 1 99009 1 1990/9 1
APPROVED FINAL VARIANCE
BUDGET PERFORMANCE TO BUDGET
(-unfavorable)
Equip. Furn, Libraru Bks 24,812 2611 01 – 1,289
~therExpe&s U;W 28,058
Total È*On Personnel 3,589,- AJ-,m
-52,254
-a