Campus revenue hit new record in 2004

    Revenues for UCSD grew to a record $1.9 billion in 2004, compared to $1.8 billion in the year before, according to the university’s updated annual financial report, which was released earlier this month.

    Of the university’s total revenue for last year, $638.9 million came from grants and contracts, including money from the federal government. The amount was a new record, representing a 9.53-percent increase over the 2003 total of $583.3 million, according to the university.

    Despite the overall increases in money collected by the campus, the amount of funds provided by the state of California fell in 2004, according to the data. In 2003, state educational appropriations totaled $295.7 million, but then declined by 9.2 percent to $268.5 million in 2004, the report shows.

    In addition, the state cut spending for public service and academic preparation programs by $1 million, according to Assistant Vice Chancellor of Resource Management Margaret F. Pryatel.

    “I have seen the ups and downs since I’ve been around,” Pryatel said about the state funding cuts. “[The statistics] are very changeable.”

    Of the total grant money received by the university, $288 million went to UCSD School of Medicine, the general campus received $242.6 million and $108.9 million was awarded to the Scripps Institution of Oceanography, according to the annual financial report.

    The increase in students and faculty and the expansion of the research centers and hospitals all contributed to the revenue growth, according to Pryatel. She said these increases are expected and normal.

    “Tuition fees and federal funds went up,” Pryatel said. “So [the increase] is not surprising.”

    Tuition and student fee revenue for the 2004 school year increased 20.94 percent from the year before, to $144.9 million, the report stated.

    Federal funding for medical research at UCSD grew by $35 million in 2004. The campus’ medical centers received $498.3 million last year, compared to $455.9 million in 2003, according to the annual financial report.

    “There have been no more substantial cuts in research,” Pryatel said, referring to cuts in federal funding in recent years.

    Pryatel said it is difficult to compare UCSD’s revenue standings to other UC campuses because of the differences in research facilities and the various needs in those departments.

    “They may not be as big a research engine as us,” Pryatel said.

    With a substantial increase in 2004 revenue, the university predicts that the total will hit the $2 billion mark in 2005, according to a campus statement.

    Pryatel said she too remains positive.

    “The 2005-06 school year looks good,” she said.

    Readers can reach Kate McElhinney at

    Donate to The UCSD Guardian
    $2505
    $5000
    Contributed
    Our Goal

    Your donation will support the student journalists at University of California, San Diego. Your contribution will allow us to purchase equipment, keep printing our papers, and cover our annual website hosting costs.

    More to Discover
    Donate to The UCSD Guardian
    $2505
    $5000
    Contributed
    Our Goal