The Washington and Lee University Price Index

Abstract

Past expenditure patterns for Washington and Lee (fiscal years 1978-1981) are described through the use of price indexes. The expenditures included are a representative sample of total spending at Washington and Lee. The indexes are computed by three popular methods, and are used to analyze past trends for different expenditures. This analysis is helpful in viewing how different components of the University budget are reacting to general price changes. The indexes are also forecasted five years into the future under alternative micro and macroeconomic scenarios. These data will be used by the Treasurer's Office to assist in budgeting and other financial matters.