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>ABOUT US>
CSU FULLERTON AUXILIARY SERVICES CORPORATION |
Serving the University |
Where Auxiliary Services Income Comes From and Where It Goes |
 AS A NONPROFIT university, Cal State Fullerton frequently relies on its auxiliaries to help fund programs
and services that benefit students and faculty. In 1959, Cal State Fullerton created the auxiliary to oversee auxiliary
enterprises on campus - from the bookstore to food services to programs developed to utilize faculty/university research grants.
At Cal State Fullerton, the Auxiliary Services Corp. (ASC) leverages the university's ability to develop and create programs, purchase
land/building and provide needed services, such as the bookstore, dining operations and other services vital to the functioning of the campus.
Because of the high cost of living in Southern California, ASC, in cooperation with the Cal State Fullerton Housing Authority, also assists campus faculty/employees
by developing housing communities and opportunities that have permitted university faculty and staff to purchase homes at below market rates.
This enables the university to attract qualified faculty and staff who otherwise might not be inclined to move or stay in Southern California because of
the high cost of housing. ASC also plays a key role in campus expansion - helping the university with acquisitions of buildings (such as the university's branch campus in Irvine)
or adjacent building (such as the College Park Building located across the street from the main campus) to accommodate enrollment growth. |
WHERE DOES THE MONEY COME FROM?
AUXILIARY SERVICE CORP 2008-2009 REVENUE
Total: $53,974,837* |
WHERE DOES THE MONEY GO?
AUXILIARY SERVICES CORP 2008-2009 EXPENDITURES
Total: $54,426,802* |
ASC had 2008-2009 revenue of $53,974,837, most of it from commercial operations, such as Titan Bookstore and Food Services. ASC
also manages the post-award administration of external grants received to fund campus programs, such as a National Science Foundation program to produce more community
colleges STEM (Science, Technology, Engineering, Math) transfers and a program to enhance secondary science education in Orange County. Additional revenue was generated through extended education programs
(where students can take a variety of courses to enhance their skills or prepare for university admission), state, local and non-governmental grants, accounting and administrative services provided to campus
entities, and rental income, primarily from the auxiliary-owned College Park Building.
2008-2009 Revenues by Category
ASC receives no state funding allocation, and reimburses CSUF for all goods and/ or services provided. While ASC administers funds for CSUF(primarily Grants & Contracts and University Extended Education), its
primary revenue source is commercial operations (Titan Bookstore, Campus Dining and facilities rental).
*The difference between the total revenue and the total expenditures is due to unrealized losses on long-term investments. ASC does not budget for investment gains or losses but must report changes in market
values in financial reports.
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ASC had 2008-2009 expenses of $54,426,802. The two largest areas of expenditures were for the cost of goods acquired for sale (books, food, etc.)and costs to operate the auxiliary enterprises(cost associated with
selling goods, salaries, etc.) and facilities (maintenance rental, utilities, etc.) Other areas included the expenses of administering the university's research programs. Funding from grants and contracts provide external
(non state-appropriated) funds for expenditures in academic support, students services and institutional support. Instruction-related expenditures for the auxiliary reflect the cost of providing non-credit instruction
through University Extended Education. Debt service expenditures reflect payments of the long-term obligation for the purchase of the College Park Building.
2008-2009 Expenditures by Category
The largest single expenditure category is that of cost of goods acquired for sale. Other major expenditure categories include the cost of operating campus retail operations and purchases made for the benefit of the university
(funds administered through Grants and Contracts and University Extended Education.)
*The difference between the total revenue and the total expenditures is due to unrealized losses on long-term investments. ASC does not budget for investment gains or losses but must report changes in market
values in financial reports.
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WHERE DOES THE MONEY GO?
AUXILIARY SERVICE CORP 2008-2009 WAGES & BENEFITS
Total: $19,981,965* |
Revenues - Expenditures
AUXILIARY SERVICE CORP 2008-2009
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As expected, much of the money spent by the Auxiliary Services Corp. consists of salaries and benefits
for a total of $19,981,965 (see chart). Of these expenses, more than 60 percent is used for Faculty,
primarily to support faculty release time. In essence, the Auxiliary Services Corp., through externally
funded grants and contracts, buys out classroom time so faculty members can spend time on research and/or
externally funded programs and activities. For instance, if a faculty member receives a grant,
he/she may request release time of one class (out of the four they may ordinarily teach each semester).
So Auxiliary Services provides the additional instructional funding needed to enable a faculty member to carry a lighter
teaching load that semester. The idea is that the time the faculty member would have used to teach
this class will now be devoted to research. This research time benefits faculty members by allowing
them to focus on specific areas of study that they then share with their students. In some instances,
faculty may invite students to help with research. This provides students with an opportunity to
develop firsthand research experience. Enterprise expenditures include the salaries of Auxiliary
Services Corp. employees, as well as commercial operations. The Benefits category refers to
benefits received by ASC employees.
ASC Salaries, Wages and Benefits
2008 – 2009 Total: $19,981,965
As expected, much of the money spent by the Auxiliary Services Corporation consists of salaries and
benefits. Over 60% of the total expenditure in this category goes to university faculty. Amounts paid
through grants and contracts primarily support faculty “release time” which permits them to concentrate
on externally funded projects. Those funds are administered by the Auxiliary Services Corporation for
the benefit of the university.
WHERE CAN I FIND MORE INFORMATION?
ACCESSING AUXILIARY SERVICES CORP
The Auxiliary Services Corp. posts its audited financial statements online
at http://www.csufasc.org/accfinancialreports.aspx
In addition, notices of all ASC Board of Directors and Board Executive Committee meetings
are posted at http://www.csufasc.org/board.aspx. At this site, readers also may view minutes
from board and Executive Committee meetings. Actions taken by the board are detailed in the minutes
and published once the board has approved them (usually at the following board meeting).
*The difference between total revenues and total expenditures is due to un-realized losses on
long-term investments. ASC does not budget for investment gains or losses but must report changes
in market values in financial reports.
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