De sales university
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- Total revenue contribution $6,386,171
- Total expenditures contribution $1,895,000
- Fiscal 2012 generated funds per budget $817,967
- 4. Office of the vice president for institutional advancement - contributions toward the accomplishment of Goal 4 – Design and implement a new financial plan.
- Annual Giving (as of 6/30/12) 2007-2008
- Category Donors Reqd. Current Donors Category $ Total
- $ In Excess of Category Goal
- TOTALS 456 482 $30,000,000
- Net Income $156,443 $155,432 $147,951
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The year ending June 30, 2012, will be another solid fiscal year. Operationally generated funds are projected to be approximately $5.3 million, similar to last year. This fiscal performance is primarily attributable to increased enrollments combined with continued efforts at cost containment and operational efficiencies, as noted in the following table:
The freshman class was 445 in fiscal 2012, as compared to a budgeted class of 410, which combined with better retention and recruitment of transfers enabled us to achieve our largest traditional enrollment levels to date. Cumulative ACCESS and graduate program revenues also remained strong at $575,000 higher than budget, as compared to $949,000 higher than budget in fiscal 2011. The graduate programs collectively billed 3,290 registrations, compared to a budget of 3,307 and fiscal 2011 actual of 3,374. The M.Ed. program was the only under-performer among the graduate programs, with 417 actual enrollments as compared to a budget of 860 and fiscal 2011 actual of 695. This program has experienced strains originating from proposed state funding cuts to school districts likely eliminating both the funding and motivation for teachers to obtain their M.Ed. degree. ACCESS had another very good year, continuing the trend of solid performance begun in 2008, with total enrollments of 5,446 comparing well to 5,507 in fiscal 2011 and 5,654 in fiscal 2010. Looking forward in the strategic plan, the new location in Lansdale should help drive more MBA and ACCESS registrations; ACCESS began offering classes there in January 2012. Expenses were consistently within budget with the exception of two items of significance, the first of which was student financial aid, which exceeded budget by $363,000. The effects of this “rising tide” of institutional aid across the industry were discussed above. The second item was food service costs, which exceeded budget by $780,000. This overage is due to increased enrollments, increased conference service events, and increasing food service costs. Unfortunately, the trend in rising food costs began after the budget for fiscal 2012 had been approved by the board of trustees, so the line item began the year in an under-budgeted position. The budget for fiscal 2013 has been increased by $400,000 as part of an effort to close this budget gap over the next few years. Fortunately, the winter weather season was tame, so we were able to minimize snow removal costs and receive the additional benefit of lower energy costs. Also on the good news side of expenditures, the medical insurance plan currently projects to fall near our budget of $2.8 million. The university transitioned to a self-funded plan sponsored by LVAIC effective January 1, 2009, and the university was able to save $1.5 million in the first three years of the new plan structure. The tuition waiver benefit is projected to come in at $825,000, compared to a budget of $725,000. Staff waiver remains a very popular benefit program, with employee interest spread among the non-MSPAS graduate programs in particular. We were also able to save $521,000 in debt service costs by using internal cash flows to delay borrowing under the 2010 Series B note, the proceeds of which will be utilized for the construction of the Gambet Center. We anticipate the need to draw these funds during fall 2012. Total projected revenues for fiscal 2012 are $84.6 million, and the projected OGF of $5.3 million represents a return of 6.26%. These results continue the progress towards the achievement of the consistent 6% return on revenues goal by fiscal 2015. Based on these results, University management will be able to propose for approval by the board of trustees in September year-end non-mandatory transfers to cover future and summer capital projects in the amount of $2.7 million, and a contribution of $2.3 million in endowment-related funding. 4. Office of the vice president for institutional advancement - contributions toward the accomplishment of Goal #4 – Design and implement a new financial plan. This is an area of primary responsibility for the institutional advancement office. The major gift officers, the annual giving team, the executive director of corporate/foundation relations, the vice president for institutional advancement, and the president are responsible for raising funds for capital projects, endowments, scholarships, and programming. The development services team, communications team, special events director, development assistant, and alumni director provide vital support services to augment the fundraising efforts. Total giving for DeSales as of June 30, 2012, was $4,562,757. This ranks as one of the top 10 giving years in school history. The table below shows a breakdown.
Capital giving for the current year totaled $2,645,722. There were 168 gifts with the average gift being $15,748. Last year, subtracting out the $7 million government gift, there were 147 gifts for an average of $12,926. The major gift officers continue to do a fantastic job in a difficult economy and a young alumni base. Each major gift officer and the vice president have made hundreds of contacts to our alumni and will continue to try and uncover additional prospects from all constituencies for the Gambet Center, the baseball/softball stadiums and the Salesian Center. A steering committee is being formed now for the baseball/softball stadiums and will begin solicitations in the fall. Solicitations for the Salesian Center will follow the conclusion of fundraising for the Gambet Center. Grant funding totaling $290,000 was awarded for technology in the Gambet Center The current capital campaign is of primary importance. As of June 30, 2012, a total of $18,025,116 has been raised. A breakdown of the current gifts is listed in the table below:
*60.1% of total needed Our annual dinner dance was again a huge success. A special thank you to Doug and Peggy Brown who served as our chair people and to the many sponsors who continue to support us! This year we reversed a downward trend in revenue and set an attendance record for this event. A comparison chart is listed below: Dinner Dance Notable Information: 753 attendees - 7 NEW table sponsors - 8 NEW sponsors - 13 alumni tables
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