2021-2022 UNAUDITED OPERATING BUDGET

Expenses

Instruction 28 percent $3.5 million Instruction costs represent faculty salaries and benefits, support staff and materials for faculty, the Center for Adaptive and Innovative Ministry, the Center for Writing and Learning Support, the Metro-Urban Institute, and the World Mission Initiative.

Institutional Support 30 percent $3.8 million This figure includes expenses related to offices providing support services such as Field Education, Human Resources, Information Technology, Advancement, the President, and beyond.

Financial Aid 10 percent $1.2 million At the master’s level, 75 percent of our students received financial aid this year; at the doctor of ministry level, 60 percent of our students received aid. Our goal is to increase aid to students so that the amount of money borrowed by students through loan programs decreases.

Academic Support 9 percent $1.1 million Included here are the expenditures related to the Academic Dean’s Office, the Barbour Library, the Kelso Museum of Near Eastern Archaeology, and worship.

Auxiliary Enterprises 8 percent $1.0 million While the Seminary does receive income from auxiliary enterprises including housing rental and food services, the actual costs of these services are subsidized. This subsidy helps keep students’ seminary-related costs at a minimum.

Student Services 7 percent $0.9 million This item includes services provided to students prior to and following enrollment. Expenses include the offices of Admissions, Registrar, and Financial Aid, counseling, the Student Association, the Miller Summer Youth Institute, and other items.

Operation and Maintenance of Plant 6 percent $0.8 million These expenditures include items related to the ongoing routine care and maintenance of the Seminary’s campus through buildings, grounds, and security services.

Church and Community Services 2 percent $0.3 million The cost of the Seminary’s Continuing Education program is included here. By subsidizing the full schedule of lectures, workshops, and events, the Seminary serves the Church and community.