Note: Financial information is based on actuals from 04-05 fiscal year supplied by the Division of Finance and Administration. Source of Net Tuition Revenue and Instructional Salary information is the Office of Institutional Research. Extramural grant information is from the Office of Grants and Research.

The following documents the Net Tuition Revenue generated by programs that have been proposed to be ended, their salary and benefit expense, and, in the case of Broadcast sequences in Communications, an estimate of the annualized equipment costs. It is worth noting that while it may be true that a program generates enough revenue to cover the instructional salary and benefit expenses the programs listed here fail to generate the average amount of net revenue that programs at Loyola produced in 04-05. Programs that produce less than the average are in effect subsidized by those generating more than the average.

Average Expected Net Revenue - An approach to calculating an estimate of how much net revenue an instructional program should generate based on instructional salaries is to compare the actual instructional salaries (full and part time) to the actual net revenue of tuition and fees. For the 04-05 Fiscal Year the total salaries of all instructional personnel (not including benefits) was $26.85 million. The actual net revenue of tuition and fees was $61.21 million. The ratio of net tuition revenue to instructional salaries is 61.21/26.85 = 2.28. In other words, an instructional program at Loyola, on average, generates net tuition revenue equal to 2.28 times the instructional cost of salaries associated with that program. Programs that generate more than this amount are, in effect, subsidizing programs that generate less than this. This provides a measure useful for program review. In addition this gives an indication of the actual shared costs associated with providing the program (e.g., utilities, maintenance, supplies, insurance, Institutional Advancement, Student Affairs, Business and Administration, student support services, library, etc.).

A note concerning the Federal Indirect Costs percentage - The US Government Indirect Cost (now called a Facilities and Administrative, F&A, expense) is 59% of direct salaries charged to a grant. This does not include Fringe Benefits (28% FT, 7.65% PT). The federal government’s formula for F&A does not include any expenses for Institutional Advancement, Student Affairs and many other areas necessary for the operation of a university. Thus the 59% of salaries covers only a portion of the total costs of operating a university. As such this measure is not useful for program review. It is instructive to compare this number versus the ratio in the paragraph above. The 59% plus benefits (roughly 27% for weighted full time and part time salaries) along with the actual salaries results in a multiplier of 1.86. This multiplier can be compared with the 2.28 value.

Broadcast Journalism and Production sequences

Net Tuition Revenue for courses offered 04F & 05S in the two sequences:            $260,015

Net Tuition Revenue for all courses offered by the associated instructors, 04F & 05S:     $280,036

(includes independent studies, honors, and graduate courses)

Total Salary of two full and two part time instructors:         $149,300

Annualized Equipment Cost (2003-2006) (source College of Arts and Sciences):        $154,000

 (57% is from regular budget, 43% is from Communications Major $100/sem fee)

Fringe Benefits (28% FT, 7.65% PT):      $37,327

Total:            $340,627

Net Tuition Revenue required to meet average university contribution:   $340,404

(2.28*Total Salary)

The Broadcast Journalism and Production sequences fail to generate the average amount of net tuition revenue by an amount of $60,000-80,000 and have an annualized equipment cost of approximately $154,000 for a total shortfall of $214,000-$234,000.

Extramural Grants Received 2000-2006 (1):

05-06, Louisiana Board of Regents, $13,225

Film Studies sequence

Net Tuition Revenue for courses offered 04F & 05S in the sequence:            $160,936

Net Tuition Revenue for all courses offered by the associated instructors, 04F & 05S:            $360,907

(includes independent studies, introductory, and graduate courses)

Total Salary of two full time instructors:            $143,498

Fringe Benefits (28% FT, 7.65% PT):              $40,179

Total:            $183,677

Net Tuition Revenue required to meet average university contribution:            $327,175

(2.28*Total Salary)

The Film Studies sequence fails to generate the average amount of net tuition revenue by approximately $166,000. The additional $200,000 in net tuition revenue is generated by courses that are not part of the undergraduate Film Studies sequence ($160,936 vs $360,907).

Extramural Grants Received 2000-2006 (0):

None

Computer Science - A&S

Net Tuition Revenue for courses offered 04F & 05S:            $301,087

Total Salary of four full time instructors:            $326,450

Fringe Benefits (28% FT, 7.65% PT):              $91,406

Total:            $417,856

Net Tuition Revenue required to meet average university contribution:            $744,306

(2.28*Total Salary)

The Computer Science program in A&S fails to generate the average amount of net tuition revenue by approximately $444,000.

Extramural Grants Received 2000-2006 (3):

04-05, Louisiana Board of Regents, $59,583

00-01, Louisiana Board of Regents, $23,600

00-01, Smarter Kids Foundation, $3,200

Computer studies -City College

Net Tuition Revenue for courses offered 04F & 05S:            $72,649

Total Salary of two full time instructors:            $150,009

Fringe Benefits (28% FT, 7.65% PT):              $42,003

Total:            $192,012

Net Tuition Revenue required to meet average university contribution:            $342,020

(2.28*Total Salary)

The Computer studies programs in City College fail to generate the average amount of net tuition revenue by approximately $270,000.

Extramural Grants Received 2000-2006 (0):

None

Education

Net Tuition Revenue for Education courses offered 04F & 05S:            $692,148

 (includes independent studies, graduate courses, and half the revenue from counseling/educ graduate courses)

Total Salary of full and part time education instructors:            $477,297

Fringe Benefits (28% FT, 7.65% PT):            $128,078

Total:            $605,375

Net Tuition Revenue required to meet average university contribution:            $1,088,237

(2.28*Total Salary)

The Education undergraduate and graduate programs combined fail to generate the average amount of net tuition revenue by approximately $396,000.

Extramural Grants Received 2000-2006 (21):

00-01, Louisiana Board of Regents, $25,000

00-01, Louisiana Board of Regents, $7,975

00-01, US Department of Education, $390,278 (second year of a $1,169,638 grant)

01-02, Louisiana Board of Regents, $76,259

01-02, Louisiana Board of Regents, $30,000

01-02, Louisiana Board of Regents, $7,500

01-02, Louisiana Board of Regents, $5,000

01-02, US Department of Education, $389,680 (third year of a $1,169,638 grant)

01-02, US Department of Education, $21,000

01-02, Smarter Kids Foundation, $2,449

01-02, Smarter Kids Foundation, $1,848

02-03, The Foundation for Independent Higher Education, $56,500

02-03, Louisiana Board of Regents, $264,841

02-03, Louisiana Board of Regents, $52,500

02-03, Louisiana Board of Regents, $31,500

02-03, Louisiana Board of Regents, $5,000

02-03, Louisiana Board of Regents, $5,000

03-04, Entergy Charitable Foundation/CABL, $10,000

03-04, Louisiana Board of Regents, $12,500

03-04, Louisiana Board of Regents, $5,000

04-05, Louisiana Board of Regents, 5,000