Abilene Christian College - Prickly Pear Yearbook (Abilene, TX)

 - Class of 1983

Page 129 of 424

 

Abilene Christian College - Prickly Pear Yearbook (Abilene, TX) online yearbook collection, 1983 Edition, Page 129
Page 129



Text from page 129:


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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 ad. 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. F SSSXQQ yeast? 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 support. 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 3 Council for those funds. The money they received paid for new equipment, travel, payment of student workers and supplies. 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

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