Budgetary Affairs Committee Report

Faculty Senate Meeting

April 17, 2014

1.9+2.2

-0.8+4.4

1.4

-2.5

32.3%

1.7+1.1GeoTher & Chem E

Cost dollars=> Start up

?

Powell HouseChem E., AlumniHouse, Utilities,Power Plant

Primarily from non-resident graduate enrollment increase.

$0.1M - FY13 rate balance

+ 1.2M +1.3M +0.4M

Mandated U-wide staff salary increases to establish uniformwages across range of positions.

1.77%merit

$544K in E&E$247K in S&W

SUMMARY/COMMENTS

• FY14 Rate Balance: $2.0M• Includes $1.4M in Rate Reductions • $1.9M Geo-Therm./ Bldg. Debt• Growing end of year balances• FY15 Rate Balance: Enrollment ?

Will graduate enrollment increase be sustained?

FY13: $56.0MFY07: $14.9M

SUPPLEMENTARY SLIDES

REDUCTIONS E&E S&W TOTAL *Provost E&E Reduction by Division

PROVOST* (543,617) (257,075) (800,692) RA&ID Acad. Depts 114,918

Admin Services (60,716) (233,058) (293,774) RENRM Enroll. Mgmt 51,024

Advancement (80,000) (47,810) (127,810) RPROV Provost 107,771

Chancellor (45,000) (30,212) (75,212) RSPON

Sponsored Programs 76,111

Student Affairs (43,000) (95,000) (138,000) RUGST Undergrad. 31,924

(772,333) (663,155) (1,435,488) RIATS IT 139,500 Other E&E Adjustments RGRDSTOF Graduate Off. 22,235 Bad Debt (100,000) 543,483 Insurance (150,000)M&R 276,749 Residential College Programming (24,360)Recruiting Fees (65,000)Net Other Adjustments (62,611)

Total (834,944)

FY 13 to FY 14 Original Budget to FY 14 Revised Budget 11/11/13

General Revenue Allocation Budget

Dollars in Millions

FY 13 FY 14 FY 14

FY 14 - FY 13 Revised Budget Changes Original Budget Base Restated Changes Revised Budget

REVENUE

Tuition & Fees 81.0 5.3 86.3 86.3 2.2 88.5 7.5

less Aid 23.0 1.9 24.9 24.9 - 24.9 1.9

Net Fee Revenue 58.0 3.4 61.4 61.4 2.2 63.6 5.6

State Appropriations 43.8 0.1 43.9 43.9 2.5 46.4 2.6

Recovery of Indirect 6.5 6.5 6.5 6.5 -

Other Revenue 2.2 0.3 2.5 2.5 2.5 0.3

Total Revenue Base 110.5 3.8 114.3 114.3 4.7 119.0 8.5

EXPENSE

Dedicated Fees* 3.9 (0.1) 3.8 3.8 3.8 (0.1)

Dedicated Recovery of Indirect 1.6 1.6 1.6 1.6 -

Debt Payments 0.9 1.9 2.8 2.8 2.8 1.9

M&R/Fuel & Utilities/Campus Accts** 12.5 0.2 12.7 12.7 12.7 0.2

Salaries & Wages 63.2 1.3 64.5 (0.2) 64.3 0.1 64.4 1.2

Fringe Benefits 19.5 1.3 20.8 20.8 20.8 1.3

Expense & Equipment 8.8 8.8 8.1 (0.1) 8.0 (0.8)

Reductions (1.4) (1.4) (1.2) -

New Commitments & P&T*** 0.5 0.5 0.4 0.4 0.4

Strategic Initiative Positions 2.5 2.5 2.5

110.4 3.7 114.1 114.1 2.9 117.0 6.6

Balance 0.1 0.1 0.2 0.2 1.8 2.0 1.9

*Summer Session/Info Tech Fee/Bad Debt/Recruit Fees

**Insurance, ASB & other transfers to system, fire protection, auditing, etc.

*** .5 million FY 14 OB - 75k to staff positions, balance for faculty

*** .4 million - Rev FY 14 300k to academic positions, balance for staff

Actual State Appropriations 43,850,214 13,907 43,864,121 43,864,121 2,570,000 46,434,121 2,583,907