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FALL 2005
Contents
President's Letter
Cover Feature
Faculty Profiles
Campus News
University Highlights
Board
Alumni News
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In Memory
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Financial Highlights


Financial Summary

Susquehanna University’s already strong financial position improved during the period July 1, 2004 to June 30, 2005.

The institution’s net assets increased by more than $12,000,000 to nearly $185,000,000. Driving this increase were almost $9,000,000 in gifts and close to $9,500,000 in investment returns. Operations, benefiting from an enrollment increase of 45 students for a record high of 1,930 full-time students, provided another $821,000 of the net asset increase.

At June 30, 2005, Susquehanna’s endowment totaled $99,800,000, with another $33,000,000 in operating cash, restricted cash and reserves outside of the endowment. Expendable financial resources, a defined measure of financial strength, were more than three times as much as outstanding debt of $26,800,000.

Susquehanna University’s financial strength provides it with flexibility to capitalize on opportunities and manage challenges in advancement of the institution’s mission.

Michael A. Coyne, C.P.A.
Vice President for Finance and Treasurer

An additional note: The endowment crossed the $100 million threshold in September, 2005.

 

Years ending June 30, 2005 and 2004

 

Source: 2005 audited financial statements, KPMG LLP.
KPMG has issued an unqualified opinion on the financial statements of Susquehanna University for the years ended June 30, 2005 and 2004. To obtain a complete version of financial statements, see http://www.susqu.edu/treasurer/, or write to: Susquehanna University’s Treasurer’s Office, 514 University Avenue, Selinsgrove, PA 17870 or call 570.372.4315.

To view a .pdf document containing additional financial information, click here.

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Paul Novack, Office of Communications
©2005 Susquehanna University, Selinsgrove, PA 17870-1164
Telephone: 570-372-4119 Fax: 570-372-4048