Standard 2: Finances

Finance graphics

To be fiscally responsible enterprise that minimizes the financial burden of our students. Our goals are to diversify and grow the revenue stream.

Key Measures

  • Finances must sustain the college’s educational programs and mission
  • Clinical services, field services and teaching hospitals must function as instructional resources

strength icon
Strengths

  • CVM total cost of education continues to be in the lower 1/3 for both resident & non-resident DVM students
  • Since 2018, there have been significant increases in LVMC & VDL revenue
  • CVM endowment and gift income & research funding have grown substantially

weaknesses icon
Weaknesses

  • Continued increases in University-wide service expenses
  • Decreasing state appropriations

future icon
Future Plans

  • Identify avenues to diversify and grow revenue streams
  • Continue to grow service units revenue
  • Look at other revenue generation programs such as new graduate, undergraduate or life-long learning programs