The following information defines the various revenue and expense budget categories used to review/analyze current operating activities of the University.  In all categories the definitions given represent the most usual items which are included in those categories. 

Revenue:

Traditional Tuition:

Undergraduate – represents gross tuition charged to all undergraduate students in the colleges of Music, Business and Arts and Sciences.  These funds are allocated to each college based on the course(s) taken.  For example, the tuition dollars generated from a music major taking a history class would go to the college of Arts and Sciences.

Law represents gross tuition charged to all law students including those who are in a joint MBA program.   Tuition recorded in this category is for the law classes taken. 

City College – represents gross tuition charged to all undergraduate City College students excluding students enrolled in Nursing, Loyola’s Institute of Ministry  and any off campus learning programs. 

Graduate – represents the gross tuition charged to graduate level students in the colleges of Business (MBA), Music and Arts and Science.  Also included is the tuition charged for the Masters of Nursing program within City College.

Non-traditional Programs:

Executive Program – represents the gross tuition charged to students enrolled in this program within the College of Business.

Continuing Legal Education – Loyola Law School offers continuing education courses/programs to attorneys as required by the American Bar Association.  These classes range from several hours to several days with participants being charged for attendance.  This line item contains the dollars generated from these programs. 

Nursing BSN – represents the gross tuition charged to students enrolled in the City College Bachelor of Science nursing program. 

OCLP (Off Campus Learning Program) – City College offers a variety of classes to students at various locations outside the Loyola campus.  This line item represents the gross tuition charged to students enrolled in these programs. 

Loyola Institute of Ministry (LIM) – represents the gross tuition charged to students enrolled in the LIM program.  This program is the responsibility of City College.

Masters of Criminal Justice (MCJ) – represents the gross tuition charged to students enrolled in the master’s program in criminal justice.  This program is also the responsibility of City College.

Intensive English – represents the gross tuition charged to students who need assistance in learning the English language.  Students are enrolled in specific classes based on need.  Charges are assessed to the student based on the registration in these classes and the gross tuition associated with these classes is presented in this line item.  This program (as of the 2004-05 academic year) will be the responsibility of City College.

Summer Bridge – represents the gross tuition charged to students enrolled in a summer program prior to their freshman year.  A flat fee is charged for the two classes plus the study skills program.  The tuition charged is not attributed to any specific college as is the regular term tuition. 

Summer School – represents the gross tuition for all undergraduate classes offered in the summer session excluding some specific City College courses. 

Fees – represents contingent fees such as late fees, graduation fees, application fees, transcript fees, deposit forfeitures as well as some other small miscellaneous fees.

Other Revenue:

State Aid – The State of Louisiana appropriates and pays to universities a certain amount of “aid” for the number of Louisiana residents attending the university.  This line items represents the amount of money received by Loyola.  The payments are made to the university twice per year.

Government Grants and Contracts – represents monies recovered from federal and state governments for direct and indirect costs incurred by the university in the administration of the various grants and programs.  These amounts are calculated based on established formulas and are charged to the various grant accounts on an annual basis.   

Unrestricted Annual Fund Gifts – represents the monies received from various donors on annual fund pledges which do not have a restriction limiting the use of the funds to a particular department or program.  These monies are designed to assist in the funding of the annual budget.

Unrestricted Other – this is the dollars received from donors other than from the annual fund, which can be used by the University for any needs that may arise.

Endowment Income – represents the “draw down” of earning from the unrestricted endowment to support current operations. 

Educational Departments (Sales & Service) - represents the dollars earned through sales of Law Review sales.

Other Sources – represents the dollars earned from several sources - interest earned on short-term investments held within the Current Unrestricted Fund, income for campus police details for university activities, income from central reproduction for copies produced, rental payments from the United States Postal Service for the on campus contracted Post Office, and income realized from Physical Plant for special projects for the campus community.

Auxiliary Enterprises

Child Care Center – revenue generated from Whelan Childcare Center for childcare services provided for faculty, students, and staff as well as alumni and the general public.

Roussel Hall – rental fees for the use of the hall from various constituencies.

Residential Life – represents revenue generated from students residing in on-campus housing and the use of residence halls by summer conference groups.

Student Immunization – represents the fees realized for immunization services provided to students, faculty and staff.

Danna Center – The Danna Center generates revenue from the following sources:  commissions from College Bookstores of America and Sodexo, student center fees, rent from various other tenants in the Danna Center,  and charges for summer conferences.

Recreational Sports – represents the fees for memeberships, locker rentals, personal trainers, towel rentals and specialty exercise programs.

Parking Revenue – represents fees charged to students, faculty and staff for parking permits as well as parking and violation fines.

Vending Revenue – represents revenue generated from sales from vending machines throughout the campus.

Expenses:

Salary Expense – presented by division (President’s Office, Academic Affairs, Business and Finance, Institutional Advancement, and Student Affairs) the expense represents the amount of dollars spent on salaries for faculty, staff and student workers.

Fringe Benefits –represents the university’s portion of FICA (social security), retirement, medical insurance, dental insurance, long-term disability, unemployment insurance, tuition remission for faculty and staff and their dependents, and an allotment for qualified moving expenses as well as some other miscellaneous items.

Scholarships and Financial Aid – represents institutional aid for undergraduate and graduate students (except law students) for one year.  These dollars are granted to students based on various criteria including academic performance as well as need.   

Law School Financial Aid – represents the institutional aid for law students. Again, this aid is awarded on various criteria including academic performance as well as need. 

Utilities – represents monies expended on electricity, gas service and water for the entire university including the Main and Broadway campuses. 

Debt Service – represents the principal and interest paid annually on the university’s long term debt.  This expense represents the portion of the long term debt paid from current operations.   

All Other – these are the expenses related to all operating expenses for the five divisions throughout the unrestricted fund (current operations) including things such as office supplies, travel and entertainment, professional fees, equipment and furniture, etc.