Total revenues and gains are $123.5 million, up from $109.2 million in the previous fiscal year. The merger with PLTS contributed $19.2 million to net assets. Revenues and Expensesĭue to exceptional operating performance and investment returns, revenue exceeded expenses by $24.7 million. Net assets (total assets less liabilities) increased to $215.3 million, up from $171.4 million, due to operating gains and the merger with Pacific Lutheran Theological Seminary (PLTS). Total institutional assets increased to $309.1 million, up from $262.8 million in the previous year. Thank you for your interest and your support.Ĭalifornia Lutheran University did well financially during the fiscal year ending May 31, 2014. We will never take for granted those pioneers whose hands built something great from scratch. While I have highlighted some specific ways in which we have grown over the last year, I am pleased to report that California Lutheran University is a place that will continually evolve and innovate. It includes a summary of our 2013-2014 fiscal year and recognition of our generous supporters. This report is designed to give you an overview of all the things that have happened at Cal Lutheran over the last year, the second of the strategic plan’s five years. In 2012, Cal Lutheran established a five-year plan with five strategic goals. While change is never easy, I believe this updated look positions us well and I look forward to more and more people getting to know Cal Lutheran through the efforts of our marketing team. As we forge ahead in our second half century and prepare to host more and more 50th reunions, I hope the new look signals that our future is bright, our vision is clear, and our commitment to students is as strong as ever. I would like to take a brief moment to call your attention to the visual look of this report as well as the website it lives on-our University Marketing team, with the support of our Board of Regents, has established a new visual identity for us. These pioneers planted the seeds that have been tended to and nurtured by every student, faculty member, administrator, staffer and friend of Cal Lutheran who helped us grow into the comprehensive university that we are today. And finally, our 2014 Commencement was the capstone to many consecutive years of enrollment growth leading to the single-largest graduating class in our university’s history.Īnd now as we prepare to welcome the first graduating classes of Cal Lutheran back to campus for their 50th reunion celebration-the first 50th reunion in our history!-it is even more remarkable to think of how much Cal Lutheran has grown since these pioneers made the bold decision to attend school at a small, unproven Lutheran college surrounded by ranch land. It was a year during which we hired the most new faculty members in our history (we officially welcomed all 23 of them during our Opening Convocation right before the first day of fall semester classes). It was a year during which our athletic teams soared to new heights within the NCAA’s Division III, with many teams setting records for their performances. It was a year during which we merged with Pacific Lutheran Theological Seminary, expanding our reach geographically by adding a campus in Berkeley, as well as expanding our reach spiritually as we can now say Cal Lutheran is directly preparing the next generation of leaders for the church. It was a year during which we saw Ullman Commons move towards completion in the center of our Thousand Oaks campus. As we are now a little over a month into the new school year, it is easy to see that the 2013-2014 fiscal year was one of growth for California Lutheran University.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |