<p>dramatica:</p>
<p>Information about the College's spending can be found in each year's annual Financial Report.</p>
<p>Here's the link to the most recent year:</p>
<p><a href="http://www.swarthmore.edu/Admin/investment_office/FinancialRpt_06-07.pdf%5B/url%5D">http://www.swarthmore.edu/Admin/investment_office/FinancialRpt_06-07.pdf</a></p>
<p>And the section on spending:</p>
<p>
[quote]
Faculty and staff compensation
(salaries plus benefits) continued to
constitute the largest portion of College
expenses at 55 percent in
20062007. The College has continued
to meet its compensation goals
for both faculty and staff and has
maintained compensation at competitive
levels with respect to
comparison groups. Fringe benefits
amounted to 32 percent of salaries.
This percentage has increased in
recent years, reflecting both cost
pressures in such areas as health
insurance as well as the Colleges
commitment to improving its
employee retirement contribution. In
20062007, the College attained its
target of providing a contribution to
employee retirement accounts equivalent
to 10 percent of an employees
salary each year.</p>
<p>The remainder of the Colleges
expenditures was for items other
than compensation. Interest and
depreciation amounted to 12 percent
of expenditures. Other hard-tocontrol
expenses, such as utilities,
taxes, insurance, and life income
payments, amounted to 7 percent.</p>
<p>These costs when added to compensation
therefore amounted to almost
three-fourths of all expenditures,
limiting the flexibility in the Colleges
budget. Each year, the budget is constructed
with input from every
department. Although inflation is
taken into account, the College does
not give across-the-board increases
to departments but rather allocates
funds to unavoidable cost increases,
compelling needs, and high priority
projects. In 20062007, the College
had to address cost pressures in several
areas. These included utility cost
increases driven by higher energy
prices, technology staffing needs and
maintenance contract increases,
increases in the cost of library materials,
costs of admissions outreach
programs and communications initiatives,
and increased insurance
premiums and audit fees. The third
of a four-year/four-step process to
build ongoing funding for the technology
infrastructure (computer
hardware and software and the campus
network and phone system) was
implemented. These funds enabled
the College to replace its antiquated
phone system in summer 2006.</p>
<p>In addition to funds for technology,
the College budget also has a
facilities capital budget. Major projects
completed over the past year
included installation of air conditioning
in Sharples Dining Hall,
renovation of the Underhill Music
Library, and renovation of Art
Department studio space. Construction
on David Kemp Hall, a new
residence hall located adjacent to its
companion Alice Paul 05 Hall,
began in 2006. This new residence
hall will house 75 students and open
in the fall of 2008. These new beds
will enable the College to reduce
overcrowding in other residence
halls, replace some less desirable
rooms, and meet the high demand
for students to live on campus.
[/quote]
</p>