Enrollment

               According to the Annual Comprehensive Financial Report for the period ending 6-30-24, total headcount declined from 10,701 in 2015 to 2024 to 8,263 in 2024, a 23% decline. Full-time student equivalent (FTSE) dropped from 4,130 at that same time to 3,275, a 21% decline.

               The virtual FTSE went from 1,297 to 1,764, a 36% increase, while the onsite went from 2,833 to 1,511, a 47% decline. Virtual enrollment was 31% in 2015 but was over half the enrollment, 54%, in 2024.

               From that same report, full-time teachers declined from 96 to 90 while other full-time staff increased from 261 to 290. Part-time teachers declined from 311 to 135, a 57% drop, while part-time non-teaching dropped from 244 to 131, a 46% decline.

               The overall trends then are an overall declining enrollment with a shift to online courses, with relatively stable full-time employment and significant drops in part-time employment. In both full-time and part-time employment, teaching lagged behind non-teaching cuts.

               Total operating expenses increased from $63.3M to $73.0m, a 15% increase, but when adjusted for FTSE, the cost goes from 15,340 to 22,295, a 45% increase. The consumer price index during that period was 32% so the inflation- adjusted increase was 10%. We can get into small arguments about the CPI, what it measures and make all kind of adjustments but the point is that there is a trendline.