Linda Blackford reports for the Lexington (KY) Herald-Leader that St. Catharine College inwards Saint Catharine, KY volition last closing inwards July. The establishment was founded past times the Dominican Sisters of Peace inwards 1931. "A banknote from the Board of Trustees" alongside the statement is available on the college website.
While f.t.e. enrollment was 4.7% higher inwards autumn 2015 than it was inwards autumn 2003, it had peaked at 834 f.t.e. students inwards autumn 2011 in addition to had been trending downward inwards recent years. Total revenues in addition to investment income had increased since FY2004, past times 53%...unfortunately, expenses to a greater extent than than doubled rise past times 133%.
As a result, Saint Catharine's fiscal province of affairs was unsustainable. Following calculation of ratios, using a model publicized on The Sustainable University website, two stars are placed on the nautical chart below. The i inwards jail cellular telephone B3 reflects changes inwards Saint Catharine's expense in addition to equity ratios for the 5 twelvemonth stream from FY2004 through FY2008. The star inwards the A3 inwards the upper correct mitt corner reflects changes inwards ratios from FY2011 through FY2015.
Supporting information for calculation of the ratios was pulled from the Integrated Postsecondary Education Data System (IPEDS) in addition to is displayed inwards the next table.
