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Member, Texas Tech University System The Princeton Review - 373 Best Colleges, 2011 Edition

Carr Scholarship Budget and Cash Flow

Revenues
FY 2007 FY 2008 FY 2009 FY 2010 Budget FY 2010 Actual FY 2011 FY 2012 FY 2013
Balance, September 1 5,404,482 5,822,378 6,187,121 4,468,310 4,468,310 3,320,254 2,323,675 1,609,395
Investment Income 4,084,259 4,744,687 2,925,527 3,105,000 3,105,000 3,387,150 3,677,765 3,977,097
Interest Income 223,674 159,212 37,277 200,000 200,000 200,000 200,000 175,000
Total Revenue 4,307,933 4,903,899 2,962,804 3,305,000 3,305,000 3,587,150 3,877,765 4,152,097
Operating Expenses
FY 2007 FY 2008 FY 2009 FY 2010 Budget FY 2010 Actual FY 2011 FY 2012 FY 2013
Salaries and Wages 212,684 214,287 217,132 223,646 210,000 230,355 237,266 244,384
Benefits 42,560 45,145 44,136 45,460 56,650 46,824 48,229 49,675
Professional Services       75,000 52,593 75,000 75,000 75,000
Financial (Audit) 12,850 11,400 25,000          
Legal 17,942 48,122 19,816          
Investments 259,833 204,175 14,155          
Total Professional Services 290,625 263,697 58,971          
Capital Equipment (Computer Software) 4,503 0 0 15,000 4,000 15,000 15,000 15,000
Other Operating Expenses
FY 2007 FY 2008 FY 2009 FY 2010 Budget FY 2010 Actual FY 2011 FY 2012 FY 2013
Other Operating Expenses       66,550 31,145 66,550 66,550 66,550
Travel 8,795 9,489 9,412          
Registration Fees 3,450 2,580 2,994          
Advertising 3,483 565 0          
Consumables/Supplies-Carr Office 1,453 1,129 1,277          
Furnishings and Equipment 4,061 3,385 14,114          
Subscriptions and Reference Materials 6,202 6,848 8,284          
College Board-Scholarship 0 3,562 3,395          
ACT-Scholarship 0 3,432 3,800          
Reproduction and Printing-Scholarship 3,565 14,612 1,743          
Postal Services-Scholarship 11,703 7,434 18,463          
Consumables/ Supplies-Scholarship 1,605 1,504 2,124          
Other 5,175 4,126 2,325          
  49,492 58,666 67,931          
Total Operating Expense
FY 2007 FY 2008 FY 2009 FY 2010 Budget FY 2010 Actual FY 2011 FY 2012 FY 2013
Contingency - Operating Savings       15,000   15,000 15,000 15,000
Total Operating Expense 599,864 581,795 261,268 440,656 354,388 448,729 457,045 465,609
Undergraduate Scholarship Awards
FY 2007 FY 2008 FY 2009 FY 2010 Budget FY 2010 Actual FY 2011 FY 2012 FY 2013
  Basic Carr 2,803,689 2,824,950 2,731,300 2,800,000 2,762,875 2,650,000 2,725,000 2,725,000
Special Carr           300,000 310,000 310,000
Dual Credit       300,000 100,000 300,000 300,000 300,000
Study Abroad 0 0 675,051 125,000 88,150 100,000 100,000 100,000
1st Generation 0 0 24,500 28,000 49,000 0 0 0
Honors     207,000 235,000 172,500 235,000 150,000 150,000
International Students 90,125 122,625 70,845 120,000 118,375 0 0 0
Carr Research 29,000 24,000   0 0 0 0 0
Up and Coming 355,359 493,492 574,748 250,000 465,519 150,000 150,000 150,000
Performing Arts 12,000 8,000 4,000 0 0 0 0 0
Valedictorian and Salutatorian       62,700 0 0 0 0
ASU Leadership     6,000 6,000 6,000 0 0 0
sub-total 3,290,173 3,473,067 4,293,444 3,926,700 3,762,419 3,735,000 3,735,000 3,735,000
Graduate Scholarship Awards
FY 2007 FY 2008 FY 2009 FY 2010 Budget FY 2010 Actual FY 2011 FY 2012 FY 2013
Graduate Students   484,294 0 355,000 336,249 300,000 300,000 300,000
Contingency (projected unexpended)       200,000   100,000 100,000 100,000
Total Scholarship Awards
FY 2007 FY 2008 FY 2009 FY 2010 Budget FY 2010 Actual FY 2011 FY 2012 FY 2013
Total Awards 3,290,173 3,957,361 4,293,444 4,481,700 4,098,668 4,135,000 4,135,000 4,135,000
Awards and Expense Balances
FY 2007 FY 2008 FY 2009 FY 2010 Budget FY 2010 Actual FY 2011 FY 2012 FY 2013
Total Awards and Expenses 3,890,037 4,539,156 4,554,712 4,922,356 4,453,056 4,583,729 4,592,045 4,600,609
Fund Balance - August 31 5,822,378 6,187,121 4,468,310 2,850,954 3,320,254 2,323,675 1,609,395 1,160,883
Principal Balance - September 1 71,292,659 77,113,929 81,138,085 79,083,686 75,270,000 72,000,000 78,360,000 84,910,800
Principal Balance - August 31 77,113,929 81,138,085 79,083,686 75,270,000 72,000,000 78,360,000 84,910,800 91,658,124
  5,822,378 6,187,120 4,468,310          
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