----------------------------------------------------------------- Figure 8-1. Office of Development and University Relations Organizational Structure Figure 8-1 is not displayable ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-1 Private Funds Received by the University Development Office 1974-75, 1981-82 -- 1985-86 ----------------------------------------------------------------- ----------------------------------------------------------------- Year Total 1974-75$ 3,441,275 1981-82 5,361,881 1982-83 8,472,111 1983-84 12,491,609 1984-85 13,404,242 1985-86 14,394,865 ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-2 Private Funds Received by the Virginia Tech Alumni Association 1974-75, 1981-82 -- 1985-86 ----------------------------------------------------------------- ----------------------------------------------------------------- Year Total 1974-75 $ 363,816 1981-82 1,003,239 1982-83 1,079,593 1983-84 1,251,728 1984-85 1,515,637 1985-86 1,931,102 ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-3 Private Funds Received by the Virginia Tech Student Aid Association 1974-75, 1981-82 -- 1985-86 ----------------------------------------------------------------- ----------------------------------------------------------------- Year Total 1974-75 $ 575,810 1981-82 853,828 1982-83 1,182,948 1983-84 1,354,360 1984-85 1,556,098 1985-86 1,459,407 ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-4 Virginia Tech Foundation Income (in Millions $) (For Years Ending June 30) ----------------------------------------------------------------- ----------------------------------------------------------------- Date Gifts Investments Other Income Total 1975 3.05 .24 .31 3.60 1976 3.85 .29 .39 4.53 1977 4.40 .36 .67 5.42 1978 4.21 .66 .28 5.15 1979 4.32 1.10 .25 5.67 1980 3.35 1.40 1.20 5.95 1981 5.23 2.49 .81 8.53 1982 6.99 3.61 51 11.11 1983 9.37 3.63 1.07 14.07 1984 14.16 3.27 1.66 19.09 1985 16.97 4.12 2.59 23.68 1986 14.66 4.21 1.39 20.26 1987 30.54 3.55 1.74 35.83 ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-5 Virginia Tech Foundation Assets And Agency Funds (in Millions) (For Years Ending June 30) ----------------------------------------------------------------- ----------------------------------------------------------------- Year Agency Foundation Total 1975 0.0 6.8 6.8 1976 .7 7.0 7.7 1977 1.6 9.0 10.6 1978 3.5 10.0 13.5 1979 3.0 13.8 16.8 1980 3.4 16.2 19.6 1981 14.6 20.0 34.6 1982 13.9 25.8 39.7 1983 15.5 33.4 48.9 1984 17.8 43.5 61.3 1985 20.1 55.2 75.3 1986 24.9 66.0 90.9 1987 29.6 93.7 123.3 ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-6 Endowment Fund Market Value (In Millions $) (For Years Ending June 30 ----------------------------------------------------------------- ----------------------------------------------------------------- Year Market Value Year Market Value 1975 1.7 1982 20.5 1976 13.5 1983 29.1 1977 17.0 1984 32.1 1978 16.7 1985 46.3 1979 19.6 1986 64.5 1980 19.5 1987 86.8 1981 20.6 ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-7 Virginia Tech Foundation Expenditures (In Millions) (For Years Ending June 30) ----------------------------------------------------------------- ----------------------------------------------------------------- Year Expenditure Year Expenditure 1975 2.9 1982 5.5 1976 2.9 1983 6.8 1977 1.7 1984 7.2 1978 3.0 1985 10.8 1979 2.5 1986 12.0 1980 3.1 1987 15.8 1981 4.4 ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-8 Virginia Tech Foundation Balanced Fund Performance (Return For Ranking) (For Period Ending June 30, 1987) ----------------------------------------------------------------- ----------------------------------------------------------------- Va Tech Return (%) Va Tech Time Period Foundation All Fund Managers* Rank (Latest) Return (%) Median Top 10% Percentile 1 Year 15.6 11.5 14.4 7 2 Years 23.5 17.9 20.5 3 3 Years 26.7 21.3 24.2 1 5 Years 23.2 19.7 22.1 5 * All fund managers monitored by William M. Mercer-Meidinger- Hansen Asset Planning, Inc. ----------------------------------------------------------------- ----------------------------------------------------------------- Figure 8-2. Vice President for Finance Organizational Structure Figure 8-2 is not displayable. ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-9 Revenues And Expenditures, 1975-76 to 1985-86 ----------------------------------------------------------------- ----------------------------------------------------------------- Dollars in Thousands Percent FY85-86FY80-81 FY75-7685-8680-8175-76 Revenues Tuition and fees 57,294 25,156 13,567 18 13 13 Government Appropriations Federal 11,327 10,307 8,176 4 5 8 State 137,516 92,729 48,375 45 47 47 Government Grants and Contracts31,912 8,911 16 16 9 Probate Gifts 13,898 9,500 2,231 4 5 2 Endowment Income 667 955 28 0 0 0 Auxiliary Sales & Service 23,491 14,803 11 12 14 All Other Sales & Service4,701 3,033 6,854 2 2 7 309,002197,083 102,945 100 100 100 Expenditures Instruction 95,66959,866 28,047 31 30 28 Research 61,46337,430 20,476 20 19 20 Public Service 44,63830,943 18,830 15 16 18 Academic Support 21,45113,718 5,827 7 7 6 Student Services 8,101 4,803 2,059 3 2 2 Institutional Support 16,650 9,475 5,308 5 5 5 Physical Plant 15,415* 6,105 5 6 6 Scholarships 10,493 6,152 2,461 3 3 2 Auxiliary Enterprises 31,27721,353 13,336 10 11 13 Debt Service Transfers 2,098 2,975 0 1 1 0 307,255 102,449 100 100 100 * Reserve Maintenance costs of $2,569,000 are not reflected in the above amounts. Funds are received as a separate appropri- ation under capital outlay for this purpose. The appropriation and expenditures are reflected as plant funds on the University's financial statements. Prior to the reserve maintenance funding concept that began in 1982, all maintenance was funded from physical plant current funds. Since a separate appropriation is now made to cover these expenditures, current funds have been freed for other uses. Note: The University's current funds revenues and expenditures, as reported in the financial statements, reflect only a portion of the revenues and expenditures of the University-related private corporations. The other revenues and expenditures of the Virginia Tech Foundation, which manages private funds on behalf of the University, and of the other corporations (Virginia Tech Athletic Association, Inc., VPI Facilities, Inc., Alumni Associ- ation of Virginia Polytechnic Institute and State University, Virginia Tech Student Aid Association, and Virginia Tech Intel- lectual Properties, Inc.) were: Dollars in Thousands FY85-86FY80-81 FY75-76 Virginia Tech Foundation gifts and earnings 13,822 5,295 n/a Revenues of other corporations 7,795 n/a 28,868 13,090 n/a Total expenditures of all corporations 28,600 11,971 n/a Source: Controller's Office, June 1987. ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-10 Tuition And Fee Analysis, 1975-76 to 1985-86 ----------------------------------------------------------------- ----------------------------------------------------------------- 1985-86 1980-81 1975-76 Undergraduate Tuition and Fees(1) -Resident $2,019 $ 972 $ 657 -Non-resident 4,029 1,917 1,287 Graduate Tuition and Fees(1) $2,331 $1,086 $ 717 Average All Students $2,468 $1,169 $ 791 --------------------------------- Explanation of Charge Actual Charge $1,169 $ 791 Plus: Tuition Policy Effect(2) 375 448 Total Actual Charge at 37.9% $1,544 $1,239 Plus: CPI Inflation to 1985-86(3) $ 864 $1,190 Budget Policy Changes 385 385 Less: Program Reductions (GF reversion, etc.) (346) Tuition in 1985-86 Dollars $2,468 $2,468 --------------------------------- (1) and Fees include: (a) Instructional tuition and fees (b) Health Service Fee (c) Student Center Fee (2) Policy Effect Tuition % of Program Cost 37.9% 28.7% 24.2% Average Cost Per Student (actual $s) $4,073 $3,269 Tuition at 37.9% $1,544 $1,239 Tuition at Actual 1,169 791 Increase Due to Tuition Policy $ 375 $ 448 (3) 1979 = 100 1976 = 139.6 1981 = 218.0 1986 = 273.9 Source: Office of Budget and Financial Planning, June 1987. ----------------------------------------------------------------- ----------------------------------------------------------------- Table 8-11 Expenditures for Instruction, Student Services, and Scholarships ----------------------------------------------------------------- ----------------------------------------------------------------- FY 1985-1986 1980-1981 1975-1976 Full-Time Equivalent Students (FTES) 23,846 22,625 19,954 Instruction / FTES 4,012 2,646 1,406 Instruction / FTES (HEPI 1986 $) 4,012 3,638 3,074 Student Services / FTES340 212 103 Scholarships / FTES 440 272 123 Higher Education Price Index 264 166 (HEPI; 1967=100) Source: of Institutional Research and Planning Analysis from HEGIS Financial Summaries prepared by the Controller's Office (IRPA Vol. 86, No. 73, March 13, 1987) -----------------------------------------------------------------