vey of students conducted in conjunction with this report, an estimated 39% of the $212 million in student household expenditures would be lost in the absence of the University. A similar survey of faculty and staff reveals that 80% of faculty and 25% of staff would be lost to the area if the university were to cease to exist. The prorated proportion of ISU’s estimated $29.9 million in wage-based local purchases at risk under these assumptions is $18.5 million. Table 6: Discounting Area Resident Impacts Gross Total EffectsExpenditures of Permanent ResidentsNet Total Effects Students$212.6$82.7$129.9 Faculty/Staff$29.9$18.5$11.4 Institutional Purchases$33.0$0.0$33.0 Visitors$16.4$0.0$16.4 Total$291.9$101.2$190.7 A summary of these calculations and assumptions is shown in Table 6. The net effect of this discounting procedure is to reduce the local impact of Idaho State University on the area’s economy by about $91 million. Consequently, $190.7 million in area expenditures remain as directly attributable to ISU’s presence.Cost Benefit AnalysisAnother way to look at the economic impact of Idaho State University involves cost-benefit analysis, i.e. a comparison of value returned for investment made. ISU represents a capital investment on the part of the State of Idaho of $139 million in fixed assets including buildings, property and equipment. Annually the State of Idaho appropriates about $72 million to fund ISU operations. The University also receives about $41 million per year from federal sources (primarily student scholarships and loans), $23 million from student fees and sales of auxiliary services, and another $13 million from private and other sources. Altogether, the University operates on annual revenues of $149 million and an investment in property and equipment of $139 million.Return on those investments can be measured many ...
