Analysis Of Financial Statements : University Of Colorado And Devry Inc.

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Analyses of financial statements: University of Colorado and DeVry Inc.
Institution History
Recognized as being one of the top 34 degree-granting public research institutions that belongs to the prominent Association of American Universities, the University of Colorado (CU) prides itself on providing a lasting effect on its communities through “collaborative research, innovation and entrepreneurship” (para. 1). This university consists of a system of three other public, not-for-profit universities, which are the University of Colorado at Boulder, the University of Colorado Denver, and the University of Colorado at Colorado Springs.
Comparable to its counterpart, DeVry Inc. (DeVry) is a “global provider of educational services and one of …show more content…

In addition, the paper will discuss both institutions priorities and mission, financial health, and offer recommendations for bettering both institution’s strategic budget management.
Revenue Source and Expenditures

There are numerous amounts of revenue sources that are set to support private and public higher education institutions. However, the prominence and reliance on each cradle of fiscal support will vary between establishments; with the greatest variance being between private and public institutions. Public institutions such as the University of Colorado, bring in some of their revenue from state funded resources. In fact, the university showed a decrease in state funding for their 2010 fiscal year fee-for-service contracts of $51,802,000, as well as a decrease of $38,073,000 in stipends receives (). This decrease and lack of support of state funding eroded the university due to an increase in enrollment numbers for that year. Due to the decrease in state support, the university ended up being backfilled with stimulus funds offered to them by the federal government.

Generally, the revenue sources for higher education institutions will mostly consist of operating and non-operating revenue sources. By definition, non-operating income is generated by “the portion of an organizations income that is derived from activities or sources, not related to its core operations;” while operating income is generated by sources that are related to the

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