Difference between revisions of "Financial statements"
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| − | Both [http://www.columbia.edu/cu/opir/facts/2007Final-Color.pdf brief] and [http://www.finance.columbia.edu/finance_statement.html extensive] descriptions of the university's [http://en.wikipedia.org/wiki/Statement_of_cash_flows cash flows] are available for those with enough accounting skills to decode them. | + | Amazingly for such a disorganized bureaucracy, Columbia manages to keep a decent set of '''financial statements'''. Both [http://www.columbia.edu/cu/opir/facts/2007Final-Color.pdf brief] and [http://www.finance.columbia.edu/finance_statement.html extensive] descriptions of the university's [http://en.wikipedia.org/wiki/Statement_of_cash_flows cash flows] are available for those with enough accounting skills to decode them. |
A [http://www.columbia.edu/cu/opir/facts/2007Final-Color.pdf summary] for the year ended June 30, 2006 states: | A [http://www.columbia.edu/cu/opir/facts/2007Final-Color.pdf summary] for the year ended June 30, 2006 states: | ||
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** Library 2% | ** Library 2% | ||
** Interest 2% | ** Interest 2% | ||
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Latest revision as of 12:18, 23 April 2008
Amazingly for such a disorganized bureaucracy, Columbia manages to keep a decent set of financial statements. Both brief and extensive descriptions of the university's cash flows are available for those with enough accounting skills to decode them.
A summary for the year ended June 30, 2006 states:
- Revenues $2,709,865,000
- Government grants and contracts 24%
- Tuition and fees 19%
- Other educational and research activities 15%
- Medical faculty practice plans 15%
- Private gifts, grants, and contracts 12%
- Investment income and gains utilized 11%
- Other 4%
- Expenses $2,540,033,000
- Instruction, research, and educational administration 59%
- Medical faculty practice plans 15%
- Institutional support 6%
- Operation and maintenance of plant 5%
- Depreciation 5%
- Other 3%
- Auxiliary enterprises 3%
- Library 2%
- Interest 2%
