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SOURCES OF FUNDS FOR MAJOR PHYSICAL FACILITIES
CONSTRUCTED OR ACQUIRED
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From
1965-66 through 2001-02, the total cost of major physical facilities
constructed or acquired on |
| all
campuses was $1,487 million. Bond
issues ($686.3 million, 46%) provide the largest single source |
| of
funds for which income from student fees is dedicated to cover the debt
service costs. |
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Facilities
financed from gifts and other ($355.3 million, 24%) constitute the second
most important |
| funding
source since 1965-66. Other
funding sources include user fees/revenue bonds ($243.3 million, 16%), |
| direct
state appropriations ($108.9 million, 7%), and federal grants ($93.2
million, 6%.) |
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On the
Bloomington campus the following major projects were completed: Theatre and Drama Center |
| and
Marcellus Neal and Frances Marshall Black Culture Center ($21,000,000
bonds - student fees, |
| $5,000,000
gifts and other); Myers Hall Renovation ($4,400,000 bonds - student fees,
$6,503,850 federal |
| funds,
$3,596,150 other); Foster Quad - Shea and Martin Halls Renovation
(3,000,000 other). |
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On the
IUPUI Campus, The Van Nuys Medical Science Building, Center Wing, Medical
Research Facility/ |
| Dally
Student Center Renovation ($3,866,000 gifts) and Blackford Street Parking
Garage ($9,500,000 bonds - |
| user
fees) were completed. At IUK,
the Science Building and Campus Services Facility ($12,792,000 bonds - |
| student
fees, $917,000 other) was completed.
At IUS, the Life Sciences Building Addition and renovation |
| ($8,443,543
bonds - student fees, $806,457 other) was completed.
At IUSB, the Student Activities Center |
| ($15,671,000
bonds - student fees, $980,000 other) was completed. |
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| SOURCES OF FUNDS FOR MAJOR PHYSICAL
FACILITIES |
| CONSTRUCTED OR ACQUIRED |
| 1965-66 through 2001-02 |
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|
Bloomington |
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IUPUI |
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Other Campuses |
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Total IU |
| Source |
Amount |
Percent |
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Amount |
Percent |
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Amount |
Percent |
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Amount |
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Percent |
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| State
Appropriation |
$
44,312,864 |
8% |
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$
44,643,456 |
8% |
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$
19,904,181 |
6% |
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$
108,860,501 |
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7% |
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| Bond
Authorization |
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Student Fees |
202,862,566 |
38% |
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168,815,140 |
29% |
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314,628,368 |
80% |
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686,306,074 |
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46% |
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User Fees |
88,135,000 |
18% |
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132,970,000 |
23% |
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22,170,000 |
6% |
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243,275,000 |
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16% |
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| Federal
Funds |
41,448,949 |
8% |
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48,636,856 |
8% |
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3,117,178 |
1% |
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93,202,983 |
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6% |
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| Gifts
and Other |
147,687,420 |
28% |
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180,201,554 |
31% |
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27,393,093 |
7% |
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355,282,067 |
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24% |
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| Total |
$524,446,799 |
100% |
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$575,267,006 |
100% |
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$387,212,820 |
100% |
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$1,486,926,625 |
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100% |
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| SOURCES:
Office of the Vice President for Administration, Indiana University and
Office of Planning, Indiana University-Purdue University Fort Wayne |
| G2601G |
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11
December 2002 |
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