This is an archived copy of the factbook. This factbook is retained for historical purposes and should not be consulted for current information. The most recent factbook can be found at the following address: http://www.rmc.edu/factbook.aspx
7. Finances
7. A. TUITION AND FEE AND ROOM AND BOARD CHARGES
|
Expense category |
2002-2003 |
2003-2004 |
Dollar change
|
Percent change
|
|
Tuition and fees
|
$20,045 |
$21,160 |
1,115 |
5.6% |
|
Room and board |
5,715 |
6,030 |
315 |
5.5% |
|
Total |
$25,760 |
$27,190 |
1,430
|
5.6%
|
7. B. TOTAL COLLEGE BUDGET
|
2002-2003 |
2003-2004 |
Dollar change
|
Percent change
|
|
Total budget
|
$26,208,620 |
$25,837,236 |
-$371,384 |
-1.4% |
7. C. ENDOWMENT MARKET VALUE*
|
2002-2003 |
2003-2004 |
Dollar change |
Percent change |
|
76,425,904 |
90,475,503
|
14,049,599
|
18.4%
|
* Based on the most current NACUBO report as of publication date.
7. D. ENDOWMENT PER FULL-TIME STUDENT AS OF JUNE 30
2004
|
Total endowment per full-time student* |
82,250 |
|
Total endowment per FTE student* |
81,436 |
* Computed according to NACUBO methodology
7. E. Investment performance of the endowment
Funds for the last five years. (NACUBO Survey June 30, 2003)
|
Investment pool nominal returns for years ended. . . |
Percentage |
Cambridge Associates median |
|
2003 |
7.6 |
4.3 |
|
2002 |
-7.2 |
-4.0 |
|
2001 |
-0.7 |
0.2 |
|
2000 |
27.7 |
9.3 |
|
1999 |
11.6 |
16.2 |
7. F. AVERAGE ANNUAL COMPOUND NOMINAL RETURNS
FOR YEAR ENDED JUNE 30, 2003 (NACUBO Survey)
|
Fiscal year
|
R-MC
|
Cambridge Associates/NACUBO median |
Standard Poor's 500 |
|
|
|
|
|
90-99 10years |
14.1% |
13.1% |
18.3% |
|
91-99 9 years |
13.7% |
13.2% |
19.0% |
|
92-99 8 years |
14.5% |
14.0% |
20.6% |
|
93-99 7 years |
14.8% |
14.1% |
21.6% |
7. G. Percent endowment in current fund revenue.
In 2003-2004, R-MC spent 5 percent of average market value of the endowment for the past twelve quarters ending December of year prior to start of the fiscal year.
7. H. DEFERRED MAINTENANCE PROJECTS 2004/2005 ( Partial
Listing)
|
Project |
Amount |
|
Conrad Dorm-Roof |
50,000 |
|
Moreland Dorm-Roof |
50,000 |
|
Moreland Dorm-HVAC |
400,000 |
|
Conrad Dorm-HVAC |
$400,000 |
|
Press Box-Roof |
12,000 |
|
Crenshaw Gym-Flood Coat Roof |
5,500 |
|
Blackwell Auditorium - caulk and seal exterior walls |
20,000 |
|
Peele Hall - HVAC |
300,000 |
|
Haley Hall -window replacement |
250,000 |
|
Crenshaw Gym - replace lighting |
50,000 |
|
Crenshaw Gym - replace playing floor |
100,000 |
|
Copley Science Center - caulk and seal exterior walls |
225,000 |
|
Copley Science Center - replace exterior doors |
50,000 |
|
McGraw-Page Library - caulk and seal exterior walls |
150,000 |
7. I. MAJOR RENOVATION PROJECTS 2004 - 2005
|
Alpha Gamma Delta House |
$10,000 |
|
Athletic Annex - Renovate Coaches Offices |
$5,000 |
|
Blackwell Auditorium - Installed New Tile |
$4,000 |
|
Blinkoe House - New Shingled Roof |
$2,500 |
|
Conrad Dorm - Renovation & New Furniture for Study Rooms |
$25,000 |
|
Estes Dining Hall - Install Railed Storage Area at Rear |
$12,000 |
|
Haley Hall - New Entry Doors & Frames |
$12,000 |
|
Kappa Sigma House |
$12,000 |
|
Mary Branch Circle - Drainage Improvements |
$20,000 |
|
McGraw-Page Library - New Doors & Frames in Chiles Room |
$8,000 |
|
McGraw-Page Library - New Roof |
$80,000 |
|
Parking Lot at 500 N. Center Street |
$10,000 |
|
Peele Hall - Cosmetic Improvements |
$18,000 |
|
Ragland-Henry House |
$12,000 |
|
Replacement Trees after Hurricane Isabel |
$8,000 |
|
Rhodeen House |
$80,000 |
|
Steam Boiler Control Conversion |
$14,000 |
|
Townhouse Apartments |
$50,000 |
7. J. FACULTY DEVELOPMENT DOLLARS FOR ACADEMIC
YEAR 2003 -2004
|
Category |
Amount |
|
Armour/Dupont/Cabell |
$34,582 |
|
Chenery |
38,268 |
|
Craigie |
42,128 |
|
Dean's Faculty Development Fund |
13,000 |
|
Rashkind |
30,787 |
|
Thomas Branch Award |
1,834 |
|
Travel Allowance to Faculty |
53,400 |
|
Total |
$ 213,999 |
7. K. Library appropriations in FY 2003-2004for acquisitions of books,
periodicals, microfiche, audio/videos: $335,374.