Torch, Spring 1984

FINANCES Once again, Cedarville College functioned during the past year with fiscal soundness , a tribute to the sound governance of our trustees and administration . While 85. 3 percent of the college ' s $10 million annual budget came from tuition , room , board, and student fees, the remaining 14. 7 percent, or $1.47 mil– lion, was raised from other sources including gifts. Corporations Churches Alumni Friends Foundations Other Groups Gifts Fiscal 1982-83 (year ending June 30, 1983) By Sources Amount $ 175 ,483 356 ,799 201 ,314 448 ,193 94,600 20,281 $ 1,296 ,670 Percentage 13.5 27 .5 15.5 34.6 7.3 ____L§ 100.0 An encouraging trend for Cedarville was increased support from churches, alumni, friends, corporations , and foundations. Last year 350 churches gave regularly to the college . Over 100 President's Associates gave $1,000 or more . In fact , over 15 ,000 gift transactions were recorded . Gifts received totaled $1,296,670 with $549,454 used for general fund relief. Instruction and Academic Support 28.5% Expenditures Administrative and Institutional Service 27.4% Auxiliary Services 22.0% Debt Service 14.2% Physical Plant 7.9% FUTURE As I reflect upon the success of our past, my anticipation for the future grows. Frankly, my excitement has never been greater in view of the opportunities ahead. The college is well positioned in the market place to continue to attract choice Christian students . We are financially sound . However, to insure our stance among the leadership in Christian education , some pressing needs must be addressed. Intense planning efforts campus-wide have identified the need for a new library that would be approximately three times the size of our present facility. New classroom and office space for our largest major, Business Administration , is vital. We can provide this by renovating the present library once the new one is constructed . A new classroom/music building would allow us to centralize our fine music department which is now located in a number of buildings throughout the village of Cedarville. As enrollment grows, we will need to expand the chapel. Additional endowment is necessary to undergird our financial stability . Finally , in order to keep Cedarville as one of the least expensive , accredited, Christian liberal arts colleges, an– nual , unrestricted gifts must be substantially increased. We live in a historical moment which I perceive to be a bridge between the Industrial Age and the new Information Age . Cedarville College is crossing that bridge with a surefootedness because of the blessing of our God and the quality of our continuing commitment to our historic mission - to impart to our students a quality, Christian education consistent with Biblical truth . 27.5%