Finances Fiscal Year 1996, Year-End Actual (July 1, 1995 to June 30, 1996)

                                    $  % of budget

Revenues:

Tuition and fees           35,173,125     64.7%
Governmental Grants         1,478,105      2.7
Gifts and private grants    2,887,814      5.3
Investment income           4,059,656      7.5
Other Income                1,722,425      3.2
Auxiliary enterprises       9,040,388     16.6
---------------------     -----------    -----
Total Revenues            $54,361,513    100.0

Expenditures:

Instruction                14,614,600     26.9
Research                      582,991      1.1
Public Service                207,436      0.4
Academic Support            4,079,445      7.5
Student Services            5,680,851     10.5
Institutional Support*      8,127,223     15.0
Operation & Maintenance     3,667,280      6.7
Scholarships/Student Aid    8,878,582     16.7
Mandatory Transfers           919,233      1.7
Non-mandatory Transfers    (1,269,184)    -2.3
-----------------------    ----------     ----
Total Educ. & General      45,488,456     83.7
Auxiliary Enterprises       8,872,877     16.3
----------------------     ----------     ----
Total Expenditures        $54,361,333    100.0

Net Surplus (Deficit)           $ 180

Educational and General Expenditures
     per Full-time Equivalent Student (1995/96)  $27,805

*Academic Support 
includes Library expenditures of:  $2,160,585

Investment Pool

(market value as of 6/30/96)

Endowment                      $114,050,901
Life Income and Annuity Funds     7,620,854
-----------------------------   -----------
Total Investment Pool          $121,671,755
Investment Pool Market Value
     per Full-time Equivalent Student (6/30/96)  $74,371

THIS URL: http://www.bates.edu/IR/fin/finances.fy96.html/
rev. 11/11/99 cep