KSU's goals for the Return on Net Assets Ratio are as follows:
| Fiscal Year | Industry Standard | Goal |
|---|
| 2017-18 | 3.0% plus Inflation | -1.43% |
| 2018-19 | 3.0% plus Inflation | -0.41% |
| 2019-20 | 3.0% plus Inflation | 0.30% |
| 2020-21 | 3.0% plus Inflation | 0.89% |
The fourth component of the CFI is the Net Operating Revenues ratio. This measure indicates whether institutional operations resulted in a surplus or a deficit for the year. This measure does include depreciation expense, a non-cash expense. As a result, while KSU's budget is balanced from a cash revenue-to-expenditure standpoint, the ratio will be below 1.0 until revenues exceed expenditures by the depreciation expense for a given year.
Net Operating Revenues Ratio
KSU's goals for the Net Operating Revenues Ratio are as follows:
| Fiscal Year | Industry Standard | Goal |
|---|
| 2017-18 | 4.00 | -2.22 |
| 2018-19 | 4.00 | -0.61 |
| 2019-20 | 4.00 | 0.43 |
| 2020-21 | 4.00 | 1.26 |
As stated above, the Composite Financial Index (CFI) is a measure of the institution's overall financial health based on sufficiency and flexibility of resources, management of debt, performance of assets, and results of operations. A score of 3.0 is considered the