2005-2006 Annual Report

26 Fiscal 2006 Expenditures Academic Instruction $26,301,302 Academic Support 11,933,263 Institutional Support 11,458,620 Auxiliary Support 9,743,643 Student Aid 8,687,481 Student Services 5,552,491 Total $73,676,800 2005-06 Giving by Designation Capital Projects/Facilities $1,315,566 Endowment $1,185,814 Operating Budget $2,784,152 Academic Programs 39,984 Bridging the Gap - Scholarships 903,107 Bridging the Gap - Unrestricted 817,627 CDR Radio Network 650,457 Christian Ministries 118,885 Katrina Disaster Relief 145,442 Yellow Jacket Athletics 108,650 Other $195,520 Total $5,481,052 Endowment and Gift Plan Assets Market Value (in millions) The market value of endowment assets increased in 2005-06 by $2,519,210, net of new gifts and distribution for student awards. Charitable Trusts Gift Annuities Endowment $2.89 $4.29 $15.78 12.6% 18.7% 68.7% Total $22,963,690 Cedarville University completed fiscal 2006 with a balanced budget for the 29 th consecutive year. Out of every dollar spent, $0.86 was directly invested in students.