Chapter 4: Criterion Two
The institution has effectively organized the human,
physical resources necessary to accomplish its purposes.
Overview. Auxiliary operations are supplementary to the primary educational function of colleges and universities and include activities such as residence halls, food service, intercollegiate athletics, bookstores, and student unions. In the University of Nebraska system, auxiliary operations are known as "revenue bond" operations.
Revenues Trends. UNK receives auxiliary operations revenues under the classifications of tuition and fees and sales and services of auxiliary operations. The highlights are as follows:
- Tuition and fee revenues have increased at a rate of 8.5% per year from $662,635 in FY 1993 to $1,492,278 in FY 2003.
- Revenues from sales and services of auxiliary operations have increased from $6,284,809 in FY 1993 to $10,765,550 in FY 2003, which represents a growth rate of 5.5% per year.
Expenditure and Mandatory Transfer Trends. UNK expends auxiliary funds to support auxiliary operations and pay principal and interest costs of revenue bonds. The highlights are as follows:
- Auxiliary operations expenditures increased from $5,043,803 in FY 1993 to $9,905,312 in FY 2003. This represents an annual growth rate of 7.0%.
- Mandatory transfers for principal and interest on debt service decreased from $1,852,799 in FY 1993 to $2,469,348 in FY 2003.
Next: Chapter 4> Sections> Financial Resources> University of Nebraska Foundation
Previous: Chapter 4> Sections> Restricted Funds