Financial Information

York College Financial Information, Funding and Expenditures

Funding Sources

The CUNY Tax Levy (TL) Operating Budget (Budget) is allocated every year to the 25 colleges and schools system-wide by the State and City of New York. The fiscal year begins July 1 of every year and ends June 30 of the following year. In FY20, the York College Budget was primarily funded through New York State appropriations of approximately $56M or 54% of the total budget and Tuition Revenue of $42M or 44% of the total budget.

Summary of Total Resources: $95,217 - Amount In Thousands ($000)

Source: CUNY FY20 Year-End Financial Report p11

Additional funding comes from the following sources:

• State & City Funds, including New York City Council, the Queens Borough President’s Office, New York State Legislative Initiatives
  
• Capital Funding – State and City Appropriations, Managed grants and Reso A funding
  
• Research Foundation - administered faculty and staff grants, which help fund release time for full-time faculty and other activities related to research infrastructure
  
• Income Fund Reimbursable (IFR) funds held by New York State
  
• The York College Foundation, which does not directly support College operations, but provides funding for scholarships and funds special initiatives and programs
  
• The York College Auxiliary Enterprise Corporation (AEC) created and operated for the principal purpose of benefitting students, faculty, staff, and other members of the York College community. The AEC derives revenue generated through auxiliary services including parking, foodservice operations (catering and vending), beverage pouring rights, a virtual bookstore, and campus store, and leasing of college facilities to third parties
  
• Other entities on campus such as the Performing Arts Center, Child Care Center, etc., which provide important services and enhance the campus environment but are not always revenue-generating
  
• Rental income from a ground lease between the University on behalf of the college and the US Food and Drug Administration
  
• Rental income from a partnership between York College and the New York City Department of Education, which operates a high school on the York College campus.

Together these sources complement the Tax-Levy State support helping York College to sustain stability and adequate funding for its operations. 

For Fiscal Year (FY) 2020, York’s Operating Budget was $95.3 million out of a total $2.4 billion allocated to CUNY’s Senior Colleges.

Expenditures

York’s expenditures fall into several categories.  The largest category, at approximately 90% of total expenditures, is personnel costs and includes full-time salaries (PS Regular), adjunct professors (Adjuncts), and temporary hires (Temp Services). The other category is Other than Personal Services (OTPS), which includes supplies, contracts, travel, equipment, and other costs. The College directly manages the budget for these items.  In the current fiscal year, they will total approximately $65 million.

Operating Expenditures by Category - Amount In Thousands ($000)

Additionally, CUNY Central pays the college’s utilities, fringe benefits, and other costs totaling approximately $30 million for this year. Including those amounts, the total cost to run the College is close to $95 million.

Total Resources by Category - Amount In Thousands ($000)