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Bulletin - November 2005 |
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Message From The Provost-COO/Acting President
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Thomas Yoshikawa, MD
Interim President |
In my first meeting with the entire Drew staff back in July 2005, I emphasized the importance of trust, open communication, and transparency (See also my August 2005 “Message.”)
The significance of sharing timely information regarding University affairs, activities and data cannot be underestimated. In the months ahead, I intend to highlight a specific topic of interest, sharing information which I believe you will find helpful and most useful. Through so doing, I am confident that your trust and confidence in how we “do business” here at Drew under the current administration and Board of Trustees will be unwavering.
My only message today is to give you general information about the |
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major administrative units and/or departments. This may be a first for Drew, i.e., the Drew faculty, trainees, staff, and community being privy to the budgetary status of the University. I hope you find this information useful and informative. |
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REVENUE SOURCES: |
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Restricted Funds |
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Unrestricted Funds |
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Source |
Amount |
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Source |
Amount |
| Federal |
$43,565,000 |
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Tuition |
$1,900,000 |
| State |
1,600,000 |
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State |
10,760,000 |
| Local |
1,435,000 |
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County of LA |
9,500,000 |
| Private |
2,000,000 |
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Indirect costs |
4,800,000 |
| Research Building (Federal) |
2,000,000 |
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Gift Interest |
350,000 |
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Reserves |
4,865,337 |
| Totals |
$50,600,000 |
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$32,175,337 |
| Total Restricted & Unrestricted |
$82,775,337 |
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EXPENDITURES: |
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Program/Office |
Amount |
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Program/Office |
Amount |
Unrestricted Funds: |
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| College of Medicine |
$14,550,950 |
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College Sci/Health |
$2,989,212 |
| Research |
1,573,095 |
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Development |
527,023 |
| External Affairs |
581,416 |
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Administration |
2,525,655 |
| Finance/HR/Other |
4,913,396 |
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Deferred Maintenance |
240,000 |
| President/Provost |
1,256,218 |
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Miscellaneous |
3,018,372 |
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Program/Office |
Amount |
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Program/Office |
Amount |
Restricted Funds: |
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| Research |
$27,440,000 |
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Public Service |
$20,100,000 |
| Plant Operation |
3,500,000 |
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Instruction |
2,100,000 |
| Academic Support |
2,100,000 |
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Scholarships |
160,000 |
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| <Indirect costs> |
<4,800,000> |
(negative expense—accounting procedure) |
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Explanations:
Unrestricted funds: funds received that can be used for many purposes (i.e., limited restrictions on use). Funds received from indirect costs from research grants have the greatest flexibility.
Restricted funds: funds have to be used for what the grantor or donor states are the purpose(s). These are largely research grants for specific projects as well as our Head Start grant program.
Reserves: The Board of Trustees approved withdrawing funds from the University reserve funds to ensure critical services and programs and faculty salaries are not cut.
Miscellaneous: includes workers compensation ($1,830,000), plant operations ($400,000), and reserves for contingencies ($788,372). Public Service: These expenditures are primarily for the Head Start program |
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“We are Drew….Making a Difference” |
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©2006 Charles Drew University of Medicine and Science, All rights reserved.
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