Board of Trustees Report to the
Constituencies 1997
Financial affairs
 |
| One of the retail areas of LLU, Loma Linda University Printing Services is the in-house print shop for both Loma Linda University and Loma Linda University Medical Center. It offers a complete design/service bureau, offset printing, high-speed xerographic copying, and bindery services to the institutions as well as to retail clients. |
A report on the impact of Loma Linda University Adventist Health Sciences Center and its related entities on Southern California was commissioned.
- The impact of LLUAHSC was valued at $2.85 billion for the 1996-97 fiscal year, considering business activity, the work of alumni, and new jobs.
- It was calculated that alumni earnings will be enhanced by $374 million as a result of their education at LLU.
- Looking at the relationship between LLUAHSC and the City of Loma Linda, there was a benefit flow of $10.7 million from LLUAHSC to the City, and a benefit of $7.7 million from the City to LLUAHSC, resulting in a net benefit of $3 million to the City.
Debt was reduced and LLU net assets increased by more than $23 million.
The investment manual, governing investments made by Loma Linda University through the Loma Linda University Foundation, was revised, updated, and approved by the Board of Trustees.
Capital expenditure priorities were adjusted in order to be better prepared for El Niño. This included roofs, checking of sump pumps and drainage lines, and stockpiling of sandbags for possible use on campus.
The Brian and Maureen Bull Faculty Center in Coleman Pavilion was completed.
Drayson Center continued to be a central location for activities, averaging more than 7,000 person-visits each week in the fitness areas.
The Wong Kerlee International Conference Center had more than 41,000 person-visits to the facility in its first year of operation.
The areas of the plant which received funding included the exterior painting of buildings, seismic upgrades, roofs, campus lighting, exterior building signage, and the establishment of the School of Dentistry Center for Dental Research.
|
Loma Linda University Fiscal year operations |
||||
|
Net |
Temporarily & permanently restricted net assets |
Unrestricted net assets |
External |
|
|
1995-96 |
$240,833,851 |
$136,952,758 |
$103,881,093 |
$14,679,176 |
|
1996-97 |
$288,334,031 |
$175,814,611 |
$112,519,420 |
$13,415,156 |
|
1997-98* |
$305,829,744 |
$182,117,812 |
$123,711,932 |
$4,212,728 |
| *Unaudited report through May 31, 1998 | ||||
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Revised
Monday, January 8, 2001 12:01 PM
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