{"id":2351,"date":"2020-12-09T15:35:59","date_gmt":"2020-12-09T20:35:59","guid":{"rendered":"http:\/\/libapps.libraries.uc.edu\/source\/?p=2351"},"modified":"2020-12-14T16:26:55","modified_gmt":"2020-12-14T21:26:55","slug":"financial-information","status":"publish","type":"post","link":"https:\/\/libapps.libraries.uc.edu\/source\/financial-information\/","title":{"rendered":"Financial Information"},"content":{"rendered":"\n

A reporting of both General and Local Funds for Fiscal Year 2020.<\/p>\n\n\n\n

\"financial<\/figure>\n\n\n\n

General Funds:<\/strong><\/h2>\n\n\n\n
  • 0% Capital Equipment<\/li>
  • 8% Operating<\/li>
  • 45% Library Collections<\/li>
  • 47% Salaries<\/li><\/ul>\n\n\n\n

    Fiscal Year (FY) 20 Budget vs. Actual Expenses<\/strong>:<\/h3>\n\n\n\n
    • Salaries + Benefits: FY20 Budget = 10,732,329| FY20 Actual = 9,463,402<\/li>
    • Operating: FY20 Budget = 2,478,656 | FY20 Actual = 1,567,645<\/li>
    • Capital: FY20 Budget = 12,488 | FY20 Actual = 5,894<\/li>
    • Collections: FY20 Budget = 9,113,385 | FY20 Actual = 9,133,061<\/li><\/ul>\n\n\n\n

      Highlights<\/strong>:<\/h3>\n\n\n\n
      • 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.<\/li>
      • The collection spending stays the same \u2013 showing consistent demands from faculty and staff.<\/li><\/ul>\n\n\n\n
        \"Financial<\/figure>\n\n\n\n

        Local Funds<\/h2>\n\n\n\n

        Local Funds FY20 Beginning vs. Ending Balance<\/strong>:<\/h3>\n\n\n\n
        • Designated: Beginning = $2,475,973 | Revenue & Transfer In = $1,746,892 | Expenses & Transfer Out = $1,594, 188 | Ending Balance = $2,628,676<\/li>
        • Endowments: Beginning = $949,595 | Revenue & Transfer In = $819,775 | Expenses & Transfer Out = $708,726 | Ending Balance = $1,060,644<\/li>
        • Gifts: Beginning = $334,287 | Revenue & Transfer In = $106,124 | Expenses & Transfer Out = $53,208 | Ending Balance = $387,203<\/li>
        • Plant: Beginning = $413,155 | Revenue & Transfer In = $387,831 | Expenses & Transfer Out = $34,316 | Ending Balance = $766,670<\/li>
        • Grand Total: Beginning = $4,173,009 | Revenue & Transfer In = $3,060,621 | Expenses & Transfer Out = $2,390,438 | Ending Balance = $4,843,192<\/li><\/ul>\n\n\n\n

          Highlights:<\/strong><\/h3>\n\n\n\n
          • Earned $819.8K in endowment revenue; $106.1K in gift fund.<\/li>
          • Received $400K+ in revenue from UCL services provided to Children\u2019s Hospital, UC Health, UC COM and others.<\/li>
          • Received $450k provost support on renovation for 400 Level students seating.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"

            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 \u2013 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\u2019s Hospital, UC Health, UC COM and others. Received $450k provost support on renovation for 400 Level students seating.<\/p>\n","protected":false},"author":2,"featured_media":2486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132],"tags":[134],"class_list":["post-2351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-annual-progress-report","tag-budget"],"_links":{"self":[{"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/posts\/2351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/comments?post=2351"}],"version-history":[{"count":3,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/posts\/2351\/revisions"}],"predecessor-version":[{"id":2517,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/posts\/2351\/revisions\/2517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/media\/2486"}],"wp:attachment":[{"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/media?parent=2351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/categories?post=2351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/tags?post=2351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}