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Fiscal Outlook Remains Strong for Concordia

Rising enrollment, diversified revenue streams, low institutional overhead and continued endowment growth all contributed to Concordia University, St. Paul posting positive fiscal numbers at the conclusion of the 2011-12 academic year.

The latest financial totals mark the third consecutive academic year Concordia has been in the black, placing it in a position of financial health heading into 2012-13. Operating surplus totals were $1,424,000 in 2010, $1,700,000 in 2011 and $817,000 in 2012.

“Ending each of the past three years with surpluses is the result of careful budgeting as well as prudent monitoring of expenses and budgets by all areas on campus,” said Michael Dorner, Concordia’s vice president of finance. “God calls us to be faithful stewards of resources given to us in all aspects of life, and every year, Concordia people do so with their resources on campus.”

In the last twenty years Concordia’s financial position has strengthened greatly as its assets have grown from $18 million in 1992 to $90 million in 2012 with net assets increasing from $14 million to $57 million. Liabilities grew from $4 million to $33 million. Included in the growth are $40 million invested in buildings and technology and $24 million in endowment investments.













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