Financial Information

A reporting of both General and Local Funds for Fiscal Year 2020.

General Funds:

• 0% Capital Equipment
• 8% Operating
• 45% Library Collections
• 47% Salaries

Fiscal Year (FY) 20 Budget vs. Actual Expenses:

• Salaries + Benefits: FY20 Budget = 10,732,329| FY20 Actual = 9,463,402
• Operating: FY20 Budget = 2,478,656 | FY20 Actual = 1,567,645
• Capital: FY20 Budget = 12,488 | FY20 Actual = 5,894
• Collections: FY20 Budget = 9,113,385 | FY20 Actual = 9,133,061

Highlights:

• General funds were largely expended on salaries and library collections. The actual salaries and operating spending are lower than the previous fiscal year due to the pandemic.
• The collection spending stays the same – showing consistent demands from faculty and staff.

Local Funds

Local Funds FY20 Beginning vs. Ending Balance:

• Designated: Beginning = $2,475,973 | Revenue & Transfer In = $1,746,892 | Expenses & Transfer Out = $1,594, 188 | Ending Balance = $2,628,676
• Endowments: Beginning = $949,595 | Revenue & Transfer In = $819,775 | Expenses & Transfer Out = $708,726 | Ending Balance = $1,060,644
• Gifts: Beginning = $334,287 | Revenue & Transfer In = $106,124 | Expenses & Transfer Out = $53,208 | Ending Balance = $387,203
• Plant: Beginning = $413,155 | Revenue & Transfer In = $387,831 | Expenses & Transfer Out = $34,316 | Ending Balance = $766,670
• Grand Total: Beginning = $4,173,009 | Revenue & Transfer In = $3,060,621 | Expenses & Transfer Out = $2,390,438 | Ending Balance = $4,843,192

Highlights:

• Earned $819.8K in endowment revenue; $106.1K in gift fund.
• Received $400K+ in revenue from UCL services provided to Children’s Hospital, UC Health, UC COM and others.
• Received $450k provost support on renovation for 400 Level students seating.