The 1995-1996 Cedarville College Annual Report

s with academic and student development programs, biblical principles are the basis for Cedarville College's philosophy of financial management, which emphasizes financial integrity, independence, and value. Seventeen consecutive balanced budgets characterize financial integrity. Sound, conservative financial management, the gifts of individuals and organizations, and an emphasis on strategic planning enable the College to pursue continuous quality improvement-seizing the opportunities of the present and setting the course for the future . Cedarville's commitment to free enterprise ensures independence to do things differently with minimal government interference. To guarantee this independence, Cedarville does not accept federal, state, or local government funds for capital or . U.S.NeWs • · ·•' ' '"' 9SST Co\\Qges Exc\usive .- ,_ Rankings CEDARVILLE COLLEGE i\ M\L1WE\l ~EST \\UY a :::::'.: .. ~·: ........ operating expenses. The College's unconventional pricing strategy keeps costs low for all students and minimizes the redistribution of tuition in the form of financial aid. Even with CedarNet, Cedarville's 1996-97 total cost of $13,302 for room, board, tuition, and fees is 27 percent less than the national average for independent colleges. Value is created by offering quality at a competitive price- the strategy of Cedarville College trustees and administrators. Applying this formula, U.S. News & World Report named Cedarville College a "Best Buy" for the second consecutive year. As God allows, Cedarville will continue to build, with integrity, the value of investments from students, alumni, donors, and friends of the College. Funding the Distinctives 1996-97 budget: $32,926,961 General Fund Expenditures 1995-96 Instructional and Academic Support Institutional Support Auxiliary Support Debt Services Physical Plant Student Services Student Aid Non-mandatory Transfers Total Gift Income 1995-96 Alumni $686,619 Parents 681,490 Friends 4,234,554 Foundations 913 ,748 Corporations 326,330 Churches 342,465 Others 28,007 Total $7,213 ,213 $10,518,263 6,352,334 4,394,973 3,239,796 2,010,477 1,895 ,559 994,450 2,114,692 $31 ,520,544 9.5% 9.4% 58 .7% 12.7% 4.5% 4.8% 0.4% 100%