<p>Collegialmom:</p>
<p>Here’s Swarthmore’s detailed Financial Report for 2004/2005.</p>
<p><a href=“http://www.swarthmore.edu/Admin/investment_office/FinancialRpt_04-05.pdf[/url]”>http://www.swarthmore.edu/Admin/investment_office/FinancialRpt_04-05.pdf</a></p>
<p>Page 11 breaks down expenses by accounting category.</p>
<p>Page 18 breaks down expenses by “natural classification” and is somewhat more useful is looking at where the $100 million operating budget goes.</p>
<p>The last five years’ financial reports are available here:</p>
<p><a href=“http://www.swarthmore.edu/Admin/investment_office/[/url]”>http://www.swarthmore.edu/Admin/investment_office/</a></p>