Finance

Gettysburg College continues to enjoy an extended period of strong student demand, donor support, and balance sheet strength, and has consistently achieved balanced operating budgets for the past several decades. As of fall 2008, the College's comprehensive fee (tuition, room and board) is $46,700. 

For the fiscal year (FY) ending May 31, 2009, the approved operating budget for Gettysburg College approximates $103,500,000. Net comprehensive fee revenue (tuition, room and board revenues less financial aid) will approximate $81,200,000 of operating revenues for FY 2009; the balance of operating revenues will be comprised of $8,400,000 of endowment and trust income, $4,500,000 of current use gifts and grants, and $9,400,000 of revenues from other sources, including auxiliary services revenue, other fees, and interest income.

For FY 2009, the College's planned expenditures break down as follows: $58,900,000 of salary and benefits, $33,300,000 of other operating costs (including off-campus programs and contingency), $5,500,000 of capital and renewal and replacement outlays, and $5,800,000 of debt service.

The College's FY 2009 approved capital budget, exclusive of the Center for Athletics, Recreation, and Fitness, approximates $13,500,000.

As of May 31, 2008, the value of the College's endowment approximated $275,000,000, or $105,700 per full-time student and long-term debt outstanding approximated $72,000,000. The College's outstanding debt is rated A2 by Moody's Investor Services and A- by Standard and Poor's.

During FY 2009, the College expects to issue additional long-term debt of approximately $22,000,000 to partially finance The Center for Athletics, Recreation and Fitness and related infrastructure improvements. As a result, the College's annual debt service will increase by approximately $1,500,000. 

The College utilizes short-term (2-5 year) and long-term (10-year) financial forecasts to make decisions about capital and operating expenditures.