Organization

The financial information presented is arranged by “sector” in a three-level hierarchy.  The total University budget, which represents the top level of the hierarchy, includes three sectors: Morningside, Columbia University Medical Center (CUMC), and General University.

• The first two “academic” sectors, Morningside and CUMC, include 100% of the tuition revenue, gift and endowment income, grants and contracts generated by its schools, departments and faculties.  The academic sector budgets also include the faculty salaries, financial aid, and local support services associated with their various schools and departments, as well as overhead assessments from the General University budget.

• The General University budget sector includes central administrative offices, along with general costs such as insurance and utilities, auxiliaries (undergraduate housing, dining and health services) as well as faculty and graduate student housing.  It also includes most revenues and expenses that are not associated with any particular school, including income from the unrestricted endowment.  The General University budget shows school overhead assessments as a source of funds.

The third level of the hierarchy includes a total of 15 budget units:

Morningside

• Arts and Sciences (6 schools, 29 departments, 25 laboratories and numerous institutes & centers)
• Architecture
• Business
• Engineering
• Journalism
• Law
• Social Work
• Earth Institute
• Miscellaneous Centers and Institutes

Medical Center (CUMC)
College of Physicians and Surgeons (P&S)

• Dean’s Budget: administration, campus support services, campus-wide initiatives
• Clinical Departments
• Pre-Clinical Departments
• Centers & Institutes
• Harlem Hospital
• Public Health
• Dentistry
• Nursing

General University

• Unrestricted: administration, auxiliaries, residential housing
• Columbia Innovation Enterprises: Patent and licensing income, distributions