Wherewithal
The overall Dartmouth budget for 1977-78 is expected to reach 567.2 million. That figure, which represents an increase of approximately $4.7 million over the current year, is a preliminary reckoning subject to revision by the Trustees in the fall.
Next year's budget has a zero bottom line at this point. However, anticipated gross revenues include nearly $9.6 million of "endowment utilized" (see table below), a term covering use of endowment yield and appreciation and some of the principal of certain "quasi-endowment funds." Quasi-endowment funds differ from regular endowment in that the principal may be spent.
On the expense side of the budget, the largest categories are for instruction, business management, and the Medical School. Over $3B million will be spent in compensation and fringe benefits for Dartmouth's 2,200 employees.
Nearly a third of the anticipated revenue will come from student fees. Other sources exceeding $10 million are "sponsored support" (mostly government grants) and "direct revenue" (items such as proceeds from athletic and Hopkins Center ticket sales, the Hanover Inn, dormitories and dining halls, and the Dartmouth Skiway). The Hanover Inn, for example, is expected to have gross receipts of $2.1 million; football receipts another $300,000.
Dramatically higher than ten years ago, when it stood at $27 million, the Dartmouth budget is, like typical business and household budgets, subject to inflation and rising energy costs. By comparison, the Brown budget for next year is expected to be in the range of $65 million, Princeton around $150 million, and Yale approximately $220 million. Harvard does not release its preliminary budget.
Gross Expense
General Administration $ 3,479,000 Instruction (Arts & Sciences, 18,645,000 Hopkins Center & Libraries) Student Affairs (Athletics, 8,130,000 Computing Services, etc.) Business Management (Plant, 15,501,000 Hanover Inn, etc.) Special Items and Affiliated 378,000 Organizations Medical School 12,312,000 Thayer School 1,836,000 Tuck School 2,337,000 Scholarship Aid 4,598,000 $67,216,000
Gross Revenue
Student Fees $21,485,000 Endowment Utilized 9,589,000 Gifts & Reserves 4,381,000 Alumni Fund 4,650,000 Sponsored Support 11,052,000 Direct Revenue 16,059,000 $67,216,000
