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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 (CSUF) 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 various 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 Corporation (ASC) leverages the university’s ability to develop and create programs, purchase land/buildings and provide needed services vital to the functioning of the campus. Because of the high cost of living in Southern California, ASC, in cooperation with the CSU 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 to 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 buildings (such as the College Park building located across the street from the main campus) to accommodate enrollment growth.
WHERE DOES THE MONEY COME FROM?
ASC 2010-2011 REVENUE
Total: $63,916,138
WHERE DOES THE MONEY GO?
ASC 2010-2011 EXPENDITURES
Total: $56,652,150


ASC had 2010-2011 revenues of $63,916,138, most of it from commercial operations, such as food services and Titan Shops bookstore. 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 college STEM (Science, Technology, Engineering, and 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 ASC-owned College Park building.


2010–2011 Revenues by Category

The ASC receives no state funding allocation and reimburses CSUF for all goods and/or services provided. While the 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). 		ASC had 2010-2011 expenses of $56,652,150. The largest areas of expenditures were for the cost of goods acquired for sale (books, food, etc.) and costs to operate the auxiliary enterprises (costs associated with selling goods, salaries, etc.) and facilities (maintenance rental, utilities, etc.). Another significant area includes the expenses of administering the university’s research programs. Funding from grants and contracts provide external (non-state appropriated) funds for expenditures in instruction, academic support, student services and institutional support. Instruction-related expenditures for the auxiliary also 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.






WHERE DOES THE MONEY GO?
ASC 2010-2011 WAGES & BENEFITS
Total: $20,131,363
Revenues - Expenditures
ASC 2010-2011
As expected, much of the money spent by ASC consists of salaries and benefits totaling $20,131,363 (see chart). Of these expenses, 40% is for Faculty, primarily to support instructional release time. In essence, ASC, 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 ASC 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 ASC administrative employees, as well as commercial operations. The Benefits category refers to benefits received by ASC employees.

WHERE CAN I FIND MORE INFORMATION?
ACCESSING AUXILIARY SERVICES CORP

ASC posts its audited financial statements online at http://www.csufasc.org/accfinancialreports.aspx Notices of all ASC Board of Directors and its Executive Committee meetings are posted at http://www.csufasc.org/board.aspx.At this site, readers also may view minutes from both 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).

CSU Fullerton Auxiliary Services Corporation
2600 Nutwood Ave STE 275 Fullerton, CA 92831-3137
657-278-4100 :: CP 275 :: www.csufASC.org
ASC REVENUES           ASC EXPENDITURES
Total: $63,916,138           Total: $56,652,150

CSU FULLERTON AUXILIARY SERVICES CORPORATION
2600 NUTWOOD AVE., SUITE 275, FULLERTON, CA 92831 :: PHONE 657.278.3415 :: FAX 657.278.4153

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