2013-14 Institutional Budget

Estimated Income

Source

Income

General Contributions $245,712
Cornerstone Contributions $259,000
Tuition $536,000
Fee Income $31,000
Miscellaneous Income $13,300
TOTAL: $1,085,012

Budgeted Expenses

Program

 Expense

Notes

Gross Wages (Staff) $532,722
Gross Wages (Adjunct Faculty) $203,500
Benefits, Taxes, Insurance $173,000 Includes Health, Dental and Education
Scholarships $32,000
Distance Education Class Development $9,000
Miscellaneous Student Life $7,000
Substitutes & Honorariums $1,000
Promotions & Marketing $10,000
Library (books, supplies & subscriptions) $6,300
Miscellaneous (postage, supplies, etc.) $5,000
Travel Expenses $3,000
Fees/Dues/Subscriptions/Software $20,770 Accreditation, LMS, SIS, etc.
Bank & Data Processing Fees $2,220
Legal and Professional Fees $12,000
Custodial & Maintenance Service & Supplies $4,800
Utilities $12,900
Lease/Rent Payments $48,000
Computers $1,800
Equipment $0
TOTAL: $1,085,012