College Finances
During the 2009-2010 year, the College operating revenues decreased by $3.0 million (5.5%). Tuition, net of financial aid, and the related auxiliary enterprise revenue decreased by $1.2 million (2.7%) due to a slight decrease in enrollment coupled with an increase in financial aid. Private gifts and grants decreased from $8.0 million in 2009 to $6.5 million in 2010.
College expenditures decreased modestly in all functional categories as a result of planned cost containment efforts. All salaries were frozen and discretionary expenditures were curtailed.