SOURCES OF FUNDS FOR MAJOR PHYSICAL FACILITIES CONSTRUCTED OR ACQUIRED


From 1965-66 through 1995-96, the total cost of major physical facilities constructed or acquired on all campuses was $1.083 billion. Bond issues ($509.7 million, 47%) provide the largest single source of funds for which income from student fees is dedicated to cover the debt service costs.
Facilities financed from gifts ($257.1 million, 24%) constitute the second most important funding source since 1965-66. Other funding sources include user fees/revenue bonds ($180.3 million, 17%), direct state appropriations ($69.8 million, 6%), and federal grants ($66 million, 6%).
On the Bloomington Campus the following major renovation projects were completed: former School of Education (Wright Building) renovation and addition for the School of Music (gifts and other, $15,300,000); laboratories in Jordan Hall (gifts and other, $2,000,000); health center (gifts and other, $2,652,000); University School for University Computing (gifts and other, $2,700,000). New facilities completed on the Bloomington Campus were: Indoor Football Practice Facility (gifts and other, $6,000,000); Jordan Avenue Parking Garage (parking revenues, $3,800,000); and Warehouse Facility (gifts and other, $2,500,000). On the Southeast Campus, the construction of the Cultural and Community Center (student fee bonds, $5,700,000 and gifts and other, $5,000,000) was completed.


SOURCES OF FUNDS FOR MAJOR PHYSICAL FACILITIES CONSTRUCTED OR ACQUIRED
1965-66 through 1995-96

Bloomington Indianapolis Other Campuses
SourceAmountPercentAmountPercentAmountPercentAmountPercent
State Appropriation $ 19,423,271 5% $ 35,271,387 8% $ 15,178,660 6% $ 69,873,318 6%
Bond Authorization
Student Fees 167,962,566 47% 131,815,140 28% 209,921,825 81% 509,699,531 47%
User Fees 46,535,000 13% 123,470,000 27% 10,270,000 4% 180,275,000 17%
Federal Funds 34,945,099 10% 27,923,856 6% 3,117,178 1% 65,986,133 6%
Gifts and Other 90,522,270 25% 146,398,554 31% 20,189,636 8% 257,110,460 24%
Total $ 359,388,206 100% $ 464,878,937 100% $ 258,677,299 100% $ 1,082,944,442 100%

SOURCES: Office of the Vice President for Administration, Indiana University and Office of Planning, Indiana University-Purdue University Fort Wayne
Prior year reports (1990-91 through 1994-95) misclassified new student fee bonds as state appropriations; figures given have been corrected.
G2601E

Last Updated: 25 November 1996
URL: http://factbook.indiana.edu/fbook96/facfnd96.html
Comments: nop
Copyright 1996, The Trustees of Indiana University