Torch, Spring 1985

Instruction and Academic Support Administrative and Institutional Service Auxiliary Services Debt Service Physical Plant EXPENDITURES GIFTS FISCAL 1983-84 Churches (over 400 churches) Friends Corporations Other Groups Foundation:, Alumni $ 1.417.708 Teaching is foremost with the faculty; they remain with Cedarville because personal investment in students ' lives is a College priority. As a group, they average IO years ' teaching experience at Cedarville, with 24 having 15 or more years. Quality Management. Once again , Cedarville College's administrative team managed resources soundly. The $I 0, 104,000 budget was balanced and a modest surplus realized. This is remarkable. While most independent colleges charge four times the tuition of their public counterparts, Cedarville is competitive with many fine public universities. At $6000 per year for tuition , room, and board , Cedarville ' s costs were well below the average for private institutions. Tuition, room , board , and student fees comprise 86.7 percent of college revenues. The remaining 13.3 percent, or $1 ,417,708, was raised from other sources. Quality Support. Cedarville could not continue the level of quality for which it is known without the support of faithful donors. Increases in giving from alumni , churches, corporations , foundations, and friends have been encouraging. The increasing number of donors testifies to the broadened respect for Cedarville and the heightened sense of identity with the College's ministries. Quality Planning. Cedarville College will celebrate its Centennial in 1987, and efforts have progressed on the upcoming Centennial Campaign. This fundraising endeavor is essential to ensure Cedarville ' s stance among the leadership in Chris– tian higher education . The campaign will provide for a new Library , renovation of the current library building for the Department of Business Administration , increased endowment, and increased unrestricted giving to the General Fund. Specific details will be released late in 1985 when the campaign is officially launched. Intense planning continues on the new Library. The cost is projected at $5 . I million (in 1984 dollars). This 66 ,830 square foot building will be over three times the size of the existing facility , built in 1967 for a student body of only 800, and will capab ly support the high quality academic programs already in place. Once the new Library is constructed , the present facility will be completely renovated to provide new classroom and office space for the largest department, Business Administration. Endowment is vital to ensure financial stabi lity throughout this decade and into the next. Additional endowment is needed for distinguished faculty chairs , for student financial aid, and for unrestricted support of general college operations . While giving rose 9.8 percent in 1983-84, this figure must increase to even greater levels to guarantee that Cedarville' s costs remain the lowest possible for students and their parents. Quality Future. Indeed . 1984 was an outstanding year for Cedarville College. Continued growth in students , programs, and faculty marked Cedarville ' s ministries. Resources were well managed, both attracting and using responsibly the increased support from donors. Today , the college is financially sound, and its future is bright. Cedarv ille College is resolute in the pursuit of its mission. It is uncompromising in its fidelity to the Word of God and will continue to offer the distinctively Christian education that has earned it a respected position in Christian higher education.