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, here did it go?
The question of where ACU got its money and what it
id with that money no doubt had gone through the mind
fevery ACU student at least once during the year. Some
:udents said ACU had more money than it knew what to do
fith and some thought the school managed well on what it
Last year ACU took in revenues of 524,980,650 and had
xpenditures and transfers for that year of S24.1Z4,850. The
urplus of 5855.780 went into an endowment fund controlled
ly the Board of Trustees, said L. D. Hilton. vice president
or finance.Hilton, as the caretaker of the ACL' budget. had
o make sure the spending stayed within the budgets limits.
Many students thought ACU's tuition, 594 per hour, was
oo high. but Hilton said that even at that level, tuition ac-
'ounted for barely 45 percent ofthe schools income.
The second largest single source of income came from
lormitory fees, vending machines, video games, recreational
reas, the Bookstore, the food service and the Post Office,
aid Neil Fry, assistant to the vice president for finance.
fhose areas were classified as the Sales and Services of Aux-
liary Enterprises, and the total income from that area was
36,564,928 less than one-third of the schools total income.
Private gifts and grants brought in S1,626.567. said Hilton.
Dther sources from educational activities brought S950,616,
vhile government grants provided S914,487, said Fry. The
iederal government provided the smallest source of income
vith 3252.450 in aid, less than 1 percent ofthe total income.
So where did all that money go! In one form or another it
relped provide education for the students of ACU Leading
he expenditures was instruction. which included the
tcademic departments. taking 37,549,596 almost one-third
Jfthe total expenditures.
While the Bookstore and dormitories were taking in
noney. each cost money for upkeep. along with recreational
ireas. The total bill for those areas cost the school
56,276,455 said Hilton.
310,858,680 was paid for teachers' salaries. supplies.
general administration, staff benefits, the computers. person-
rel. graduation and the ACU police.
The Christian schools, the library and Allen Farm spent
51,905,577 during the year and were categorized as academic
To keep water running in the buildings and lights on so
students could pull those all-nighters, the school spent
31,811,661 for operations and plant maintenance. This in-
cluded taking care of buildings and grounds, Hilton said.
Student services, which included Fish Camp, salaries for
associate deans and miscellaneous, spent 3740,628, said Fry.
Research done by ACU professors totaled 3519241 of ex-
penses, said Floyd W. Dunn, dean of research. Each pro-
fessor who received funds had to apply to the Research
Council for those funds. The money they received paid for
new equipment, travel, payment of student workers and
Services conducted for the public, like Lectureship, ac-
counted for about .2 percent of total expenses.
For a few consecutive years the Board of Trustees had
voted for a tuition hike. In 1981, the 75th Anniversary of the
school, tuition was 375 per hour. But for the 1985-84 school
year the Board decided to maintain the price per hour at 394.
This move no doubt showed the students and supporters
of the school that the administration was willing to help take
some of the load off of the students to make Christian
education a little more affordable.
The money came from many different places, but no mat-
ter what route it was funneled through, its ultimate destina-
tion was the same -Y providing education. - Terri Moore
and Clmrlei L. Pullen
where Did it Go? f125”