Financial Information
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Reporting of both General and Local Funds for Fiscal Year 2021.
General Funds by percentage:
- 3% Renovation/Capital
- 6%Operating
- 45% Library Collections
- 47% Salaries & Benefits
Fiscal Year (FY) 21 Budget vs. Actual Expenses:
- Salaries + Benefits: FY21 Budget = $12,129,242| FY21 Actual = $10,325,572
- Operating: FY21 Budget = 2,412,742 | FY21 Actual = 1,282,408
- Renovations/Capital: FY21 Budget = $700,000 | FY21 Actual = $701,782
- Collections: FY21 Budget = $10,658,284 | FY21 Actual = 10,139,364
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 FY21 Beginning vs. Ending Balance:
- Designated: Beginning = $2,628,676 | Revenue & Transfer In = $1,806,883 | Expenses & Transfer Out = $1,218,508 | Ending Balance = $3,217,051
- Endowments: Beginning = $1,060,643 | Revenue & Transfer In = $878,779 | Expenses & Transfer Out = $693,545 | Ending Balance = $1,245,878
- Gifts: Beginning = $387,203 | Revenue & Transfer In = $75,617 | Expenses & Transfer Out = $25,215 | Ending Balance = $437,604
- Plant: Beginning = $766,670 | Revenue & Transfer In = $29,902 | Expenses & Transfer Out = $63,049 | Ending Balance = $733,523
- Grand Total: Beginning = $4,843,192 | Revenue & Transfer In = $2,791,181 | Expenses & Transfer Out = $2,00,318 | Ending Balance = $5,634,056
Highlights:
- Earned $878.8 K in endowment revenue; $75.6K in gift fund
- Received $400K+ in revenue from UCL services provided to Children’s Hospital, UC Health, UC COM and others.
- Received $700K Grant Funding from Andrew W. Mellon Foundation for Computable Archives – Activating Digital Archives with Machine Learning and Data Visualization for Transdisciplinary Digital Scholarship.
