Treasury

Quick Facts About Us

In November, 2008 the University obtained its first stand-alone public debt ratings. Current long-term debt ratings from Moody’s, S&P and Fitch are A3/A-/A-.

The Treasury Department manages the University’s capital financing and debt obligations. Total long-term debt, used to finance campus construction, is slightly over $200 million.

 Our Endowment as of 12/31/2011 was valued at approximately $109 million and is invested in a broadly diversified mix of professionally managed investments.

On an annual basis the Endowment provides approximately $5 million in funding for student scholarships and University operating support.

The key responsibilities of this office are:

  • Manage the working capital of the university
  • Provide prudent investment of the university’s cash reserves
  • Manage the investment of the endowment funds
  • Manage the University’s capital financing and debt obligations

Endowment Information Available

The Endowment Values as of 6/30/2011 and the Projected Income Information for FY12  are available.  
 
Anyone who manages a Banner Fund that receives Endowment income can now see the estimated income for the current year which has been posted as budgeted revenue for each such fund.  These estimates are based on the University’s approved Endowment Spending Policy and the fund values through June 30, 2011. This has been done to promote better planning in the use of the endowment funds.  
 
If you have any questions about the above, please contact Rose McGrory at ext. 3636 or mcgroryr@xavier.edu.

 

Contact Treasury

Thomas Cunningham
Assistant Treasurer

Cunningham