Financial Report of the County Colleges of the State of New Jersey for the Fiscal Year Ended June 30, 1976 [electronic resource]
Data drawn from audited financial statements of the individual county colleges of New Jersey for fiscal years 1975 and 1976 provided the basis for this report on the county colleges' finances with regard to sources of current income, full-time-equivalent (FTE) student enrollments and costs, edu...
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Full Text (via ERIC) |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
[S.l.] :
Distributed by ERIC Clearinghouse,
1977.
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| Subjects: |
| Summary: | Data drawn from audited financial statements of the individual county colleges of New Jersey for fiscal years 1975 and 1976 provided the basis for this report on the county colleges' finances with regard to sources of current income, full-time-equivalent (FTE) student enrollments and costs, educational and general expenditures, and physical plant and capital. Analysis of the data for fiscal year 1976 compared to fiscal year 1975 revealed: state aid accounted for 28% of total revenues in 1976, up 2%; county appropriations constituted 35% of revenues, up 20%; 29% of revenues came from tuition and fees, up 13%; 8% was contributed from other sources (grants, investments, interest income, miscellaneous), down l6%; educational and general expenditures increased 13% while cost per FTE student declined .5%; and 1976 FTE enrollment was 67,894, up from 60,056 FTE's in 1975. Overall, the rate of growth of expenditures (13%) was greater than the rate of growth of revenues (12%). However, when inflationary factors are accounted for, the real rate of expenditure growth was only 7% while FTE enrollments grew by 13%. Further study of what constitutes a desirable balance between sources of revenue for the county colleges is needed. Appended are financial data for all colleges. (JDS) |
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| Item Description: | ERIC Document Number: ED134248. Educational level discussed: Two Year Colleges. |
| Physical Description: | 143 p. |