Florida Atlantic University 2006-2007 Operating Budget Capital Outlay Budget Presentation to the FAU...

Florida Atlantic University

2006-2007

Operating BudgetCapital Outlay Budget

Presentation to the FAU Board of Trustees

June 28, 2006

2006-2007

Operating Budget

3

FLORIDA ATLANTIC UNIVERSITY2006-07 OPERATING BUDGET

EXECUTIVE SUMMARY

Florida Atlantic University’s Operating Budget is comprised of seven different budgetary components: Educational and General; Student Financial Aid; Contracts and Grants; Auxiliary Enterprises; Athletics; Student Government; and Concessions. Within the budgetary process, various budgeting methods and techniques are carefully integrated to ensure effective best practices, ensuring that allocation decisions are directly tied to the University’s strategic goals and objectives in a value-maximizing framework. All proposed expenditures are evaluated at multiple levels within the organization, beginning with departmental units and continuing through the President’s Executive Committee, Board of Trustees Committees, and finally the Board of Trustees where the operating budget is formally approved and adopted.

Florida Atlantic University’s 2006-07 Initial Operating Budget totals $493,176,353, an increase of 6.5 percent over the prior year. In order to more accurately reflect total revenues within each budgetary component, the 2006-07 Budget reflects transfers between units.

4


EXECUTIVE SUMMARY

Educational and General Budget: The Educational and General Budget supports the academic mission of the university through expenditures for instruction, research, library and learning resources, student services, university support, and physical plant. The Educational and General Budget totals $236,885,648 in estimated expenditures and reflects an increase of 11.5 percent over the previous year. This budget increase is primarily attributed to enrollment growth funding for new students, a three percent tuition increase for in-state undergraduate students, the cost to continue prior budgetary appropriations, the expansion of the University of Miami/Florida Atlantic University Medical Partnership Program, program expansion at the St. Lucie campus, and Challenge Grant funding.

Student Financial Aid: The Student Financial Aid Budget is comprised of funding from student financial aid fees as well as financial aid support from all sources such as federal and state financial aid awards, institutional programs, and private scholarships that are subsequently disbursed to students. The Student Financial Aid Budget totals $122,803,303 in projected expenditures, an increase of 2.7 percent over the prior year.

5


EXECUTIVE SUMMARY

Contracts and Grants: The Contracts and Grants Budget is comprised of funding from many sources, including federal, state and local governmental agencies and private organizations. Also included are the A. D. Henderson University School and the FAU Foundation Payroll Clearing Fund. The Contracts and Grants Budget totals $59,163,175 in projected expenditures, an increase of 1.6 percent over the prior year.

Auxiliary Enterprises: The Auxiliary Enterprises Budget is comprised of over a hundred different business and enterprise operations that are self supporting through user fees, payments, and charges. The range of business operations includes large auxiliaries such as food service, traffic and parking, and housing and small operations such as the Department of Ocean Engineering Research Boat and the College of Science Machine Shop. The Auxiliary Enterprises Budget totals $55,006,528 in projected expenditures, an increase of 1.3 percent over the prior year.

6


EXECUTIVE SUMMARY

Athletics: The Athletics Budget is comprised of funding from student athletic fees, ticket sales to athletic events, game guarantees, corporate sponsorships, National Collegiate Athletic Association distributions and private support and gifts. The Athletics Budget totals $12,067,000 in projected expenditures, an increase of 9.7 percent over the prior year.

Student Government: The Student Government Budget is comprised of funding from the activity and service fee paid by students and well as other types of club and program income. The Student Government Budget totals $6,678,124 in projected expenditures, a slight decrease over the prior year.

Concessions: The Concessions Budget is comprised of funding derived from concessions operations such as soft drink and snack vending machines. The Concessions Budget totals $572,575 in projected expenditures, an amount equal to the prior year.

7


EXECUTIVE SUMMARY

EXPENDITURE BUDGET

2005-06

Original

2006-07

Proposed

Percentage

Change

Educational & General $212,432,849 $236,885,648 11.5%

Student Financial Aid $119,553,276 $122,803,303 2.7%

Contracts & Grants $58,258,912 $59,163,175 1.6%

Auxiliary Enterprises $54,318,913 $55,006,528 1.3%

Athletics $10,993,300 $12,067,000 9.7%

Student Government $6,715,000 $6,678,124 0

Concessions $572,575 $572,575 0

TOTAL $462,844,825 $493,176,353 6.5%

8

Florida Atlantic University2006-07 Expenditure Operating Budget - $493,176,353

EDUCATIONAL & GENERAL$236,885,648

48.03%

CONCESSION$572,575

.12%

STUDENT GOVERNMENT

$6,678,124 1.35%

AUXILIARY$55,006,528

11.15%

ATHLETICS $12,067,000

2.45%

GRANTS$59,163,175

12.0%

STUDENT FINANCIAL AID

$122,803,303 24.90%

9

Educational & General

Budget

10

Florida Atlantic University2006-07 Educational & General

Expenditure Budget by Component- $236,885,648

Instructional & Research$152,426,480

64.35%

University Support $28,507,585

12.03%

Student Services$20,583,240

8.69%

Physical Plant$21,241,048

8.97%

Library / Learning Resources

$14,127,2955.96%

11

Florida Atlantic University2006-2007 Educational and General

Comparison of Expenditure Budget by Component

Component2005-06Budget

2005-06 Percentage

of Total2006-07Budget

2006-07 Percentage

of TotalDollar

IncreasePercentage

Increase

Instruction and Research

$133,443,693 62.8% $152,426,480 64.3% $18,982,787 14.2%

University Support $27,185,653 12.8% $28,507,585 12.0% $1,321,931 4.9%

Student Services $20,010,648 9.4% $20,583,240 8.7% $572,592 2.9%

Physical Plant $18,380,295 8.7% $21,241,048 9.0% $2,860,753 15.6%

Library/Learning Resource

$13,412,560 6.3% $14,127,295 6.0% $714,735 5.3%

Total $212,432,849 100.0% $236,885,648 100.00% $24,452,799 11.5%

12

Florida Atlantic University2006-07 Educational & General - Instructional and Research

Expenditure Budget by College and Academic Areas - $152,426,498

EDUCATION$16,275,305

10.68%

BUSINESS$23,182,242

15.21%

ARTS & LETTERS$22,370,005

14.68%

CAUPA$8,694,696

5.70%

ENGINEERING$14,392,456

9.44%

HONORS$3,792,520

2.49%

SCIENCE$22,605,103

14.83%

NURSING$4,943,941

3.24%BIOMEDICAL$11,704,613

7.68% ACADEMIC PROGRAMS/CNTRS

$18,937,02912.42%

ACADEMIC COMPUTING$5,287,588

3.63%

Florida Atlantic University2006-2007 Operating Budget

Educational and General 2005-2006 E & G Operating Expenditure Budget – Approved by BOT June 2005 $212,432,849

Board Of Governors Adjustments

Casualty Insurance of ($263,767), Health Insurance of $521,158, and August 1, 2005 Salary

Increase of $4,707,150.

$4,964,541

2005-2006 E & G Operating Expenditure Budget approved by BOG 217,397,390

Appropriations/Adjustments 2006-2007 Legislative Cost to Continue (Insurance, PO & M, and Salary Increases) Legislative Tuition Increase: 3% Undergraduate In-State Legislative Tuition Increase: 3% Graduate and Out-of-State Legislative Tuition Increase: 3% Graduate and Out of State Reserve Authority Salary Increase (3% October 1, 2006) New Space – Plant Operations/Maintenance UM/FAU Medical Partnership Program (Non-recurring) Enrollment Growth – 419 FTE Change in Student Mix (General Revenue) Change in Student Mix (Student Fees) Change in Student Mix (General Revenue) Reserve Authority Utility Rate Increase Hurricane Recovery (Non-recurring) Florida Israel Institute (Non-recurring) St. Lucie Campus Expansion Center for Disaster and Emergency Care (Non-recurring) Targeted Degrees – Nursing Graduate, 15 FTE Challenge Grant Program - Foundation

1,091,120

996,000

1,203,198

(1,203,198)

TBA

661,791

5,000,000

3,988,432

2,407,391

(1,383,557)

(1,023,834)

2,087,278

0

200,000

2,208,100

750,000

507,500

1,998,037

2006-2007 E & G Legislatively Appropriated Revenue Funds $236,885,648

14

New Issue

Cost to Continue $1,091,120

Last year, the Legislature provided partial funding to support increases in health insurance premiums, plant operations and maintenance, and salary increases. This year the Legislature provided the additional funds of $521,158 for health insurance premiums, $142,039 for plant operations and maintenance for new space, and $427,923 for salary increases.

The cost to continue funding fulfills the annualized amounts needed to meet these obligations.

15

New Issue

Tuition Increase $996,000

The Florida Legislature increased Undergraduate In-State tuition by 3 percent.

These funds will be used for BOT Budget Priorities, consistent with FAU’s Strategic Goals.

Additional Graduate/Out-of-State Tuition Increases of up to 10 percent are authorized but not recommended.

16

New Issue

Additional Student Fees $1,203,198Budget Authority Reserve ($1,203,198)

The Florida Legislature appropriated additional student fee budget authority associated with a 3 percent increase in Graduate and Out-of-State tuition.

A 3 percent increase in Out-of-State tuition at all levels will generate approximately $718,619; a 3 percent increase in Graduate tuition will generate approximately $484,579.

Increases in Graduate and Out-of-State tuition are not recommended.

This authority allows the University to spend additional student fees only if collected.

17

New Issue

Salary Increase $ TBA

Salary increases of 3 percent for eligible employees funded by the General Revenue fund.

Salary increase is effective October 1, 2006.

Funding of approximately $3.3 million is projected.

18

New Issue

New Space (PO & M) $661,791

Funding to support Plant Operations and Maintenance of new buildings

Funding based upon completion date (months funding)

Expansion/Remodeling of Computer Center (6) – Boca Raton Campus

Student Activity Center (4) – Davie Campus Recreation and Wellness Center (3) – Boca Raton Campus Everglades Youth Camp (12) FAU/Scripps Research Facility (11) – Jupiter Campus

19

New Issue

UM/FAU Medical $5,000,000 Partnership Program

FAU received non-recurring funding of $5,000,000 to fund the UM/FAU Medical Partnership Program Expansion to 4 years.

Since funding is non-recurring, $2.1 million will be expended in 2006-2007 on one-time expenditure needs and $2.9 million will be held in reserve.

Strategic Goals Goal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity

20

New Issue

Enrollment Growth $3,988,432 Funds are provided to support an additional 419 FTE students (153

Lower level, 266 Upper level, 0 Graduate)

2006-07 Funded Enrollment Plan:

Lower Level 4,667 FTE Upper Level 8,162 FTE Graduate 2,155 FTE

Total 14,984 FTE*

* Includes 15 Graduate FTE in Nursing, which is tracked separately.

21

New Issue

Change in Student Mix (General Revenue)$2,407,391

Change in Student Mix (Student Fees)($1,383,557)

Change in Student Mix (General Revenue) - Reserve Authority ($1,023,834)

This represents a net amount of $1,023,834 in General Revenue from 2004-2005.

Because of the one-year lag in the estimates and the potential for additional reductions in out-of-state enrollments, this funding will be held in reserve until achieved.

22

New Issue

Utility Rate Increase $2,087,278

FAU received $2,087,278 to partially off-set the increases in electricity, water, sewer and gas.

Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional

responsibilitiesGoal 6: Enhancing the physical environment

23

New Issue

Florida Israel Institute $200,000

FAU received $200,000 in non-recurring funds to support funding initiatives of the Institute.

Program initiatives will enhance the Florida economy and involve collaborative efforts aimed at Israel’s academic institutions.

Strategic GoalsGoal 4: Meeting community needs and fulfilling unique institutional

responsibilities

24

New Issue

FAU at Port St. Lucie $2,208,100

FAU received $2,208,100 in recurring revenue to support expanded access to baccalaureate degrees on FAU’s Treasure Coast campus in order to meet higher education needs in that area.

Programs that are currently being offered in Nursing, Management, Computer Science, Criminal Justice, Social Work, and Education will be expanded.

Consistent with Strategic Goal 1, Objective 11, “Develop and implement mission-driven academic enrollment and program plans for each campus,” an academic plan for the Port St. Lucie campus is currently being developed and will identify additional potential areas for expansion of access.


responsibilities

25

New Issue

Center for Disaster and $750,000Emergency Care

FAU received $750,000 in non-recurring funds to support the Center.

Funding will create a training laboratory for the identification, isolation, and treatment of disaster victims.


responsibilities

26

New Issue

Targeted Graduate Degrees $507,500 in Nursing

In support of the strategy laid out in the Strategic Plan Goal 2, Objective 1-1, “[To] Increase enrollments in MS in Nursing Education track [and in the] Ph.D. in Nursing Education track, FAU received $507,500 to support additional Masters and Doctoral degrees in Nursing.

Funding will be used to support 15 Graduate FTE.

The College of Nursing will enroll additional nurse educators at the post-masters/advance practice and doctoral levels in order to increase the supply of nursing faculty.

Strategic GoalsGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity

27

New Issue

Challenge Grant Program $1,998,037

Funding is used to support the Major Gift Matching Program through the FAU Foundation, Inc.

Funding will be used to support scholarships and professorships.

Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional responsibilities

Linkage toStrategic Goals

Funding Allocations

28

29

New Funding

Non-dedicated Funds to Support FAU’s Strategic Goals

Tuition Increase $ 996,000Enrollment Growth $3,988,432

Total $4,984,432

Allocations Based Upon FAU Strategic Goals

Goal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional

responsibilitiesGoal 5: Building a state-of-the-art information technology environmentGoal 6: Enhancing the physical environmentGoal 7: Increasing the University’s visibility

30

New FundingTuition Increase

Funding associated with a three percent increase in Undergraduate In-state tuition, effective Fall semester.

31

AllocationsTuition Increase

Cost to Continue 2005-06 $284,102BOT Priorities

In 2005-2006, the FAU Board of Trustees awarded competitive performance based salary increases of .5 percent effective August 1, 2005 for non-unit employees and a 1.5 percent salary increase for merit and equity for in-unit faculty effective November 15, 2005.

This amount funds the continuation of the increase.

Strategic GoalGoal 2: Meeting statewide professional and workforce needs

32


Faculty Promotions $221,000

Funding to reward faculty for sustained superior performance.

Promotional increases reward improvements in performance, efficiency, and productivity.

Promotional increases will be awarded based upon the Collective Bargaining Agreement, which sets increases at 9 percent for promotion to Associate Professor and 12 percent for promotion to Professor.

Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity

33


Unallocated BOT Priorities $490,898

Potential merit/performance based and market equity salary increases.

Special projects or programs of university-wide importance consistent with BOT priorities.

Reserve for unanticipated activities or events.



34

New FundingEnrollment Growth

Enrollment Growth

The 2004 Enrollment Growth Funding Formula was funded at approximately 64 percent for General Revenue and Lottery funds.

Component Funding:

Instruction and Research $2,944,477 University Support 555,908 Library Resources 71,538 Technology Infrastructure 37,605 Branch Campus Funding 45,716 Student Aid 93,433 Student Services 239,755

Total $3,988,432

Funding provided by State funds ($2,388,418) and Student Fees ($1,600,014).

35

AllocationsEnrollment Growth – Instruction and Research

New Enrollments $1,295,546

Guided by the strategies outlined under Strategic Plan Goal 1, Objective 11-3, these funds will be used in ways consistent with the charge to “assess course demand and allocate resources consistent with meeting FTE targets.”

Funding will support faculty, staff, and operational expense funds and will enable selected colleges to handle increased enrollments in order to meet FAU’s 2006-2007 enrollment plan.

These funds are distributed only to those colleges that met or exceeded their 2005-2006 enrollment targets:

Arts and Letters $349,797Architecture, Urban and Public Affairs $207,287Business $323,887Nursing $103,644Science $310,931

Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needs

36


Graduate and Undergraduate $1,300,000Tuition Waivers

These funds were allocated in pursuit of Strategic Plan Goal 3, Objective 4-3, “[To] Attract and retain highly qualified graduate teaching and research assistant… by allocating resources to provide full tuition waivers for all qualified graduate assistants.”

Tuition waivers support FAU scholarship recipients at all levels and graduate teaching and research assistants.

Tuition waivers are necessary to attract and retain talented students.

Strategic GoalsGoal 1: Providing increased access to higher educationGoal 3: Building world-class academic programs and research capacity

37


Additional Investment in $220,857

Library Resources

Library materials are essential for quality instructional and research activities of the University.

Consistent with Strategic Plan Goal 3, Objective 7, “Provide appropriate base operations and maintenance budgets to academic and support units,” these funds will enable the FAU Libraries to maintain and enhance access to information in electronic databases, periodical subscriptions, scientific and technical journals and print media.


38


Funding for Center for Teaching $128,074 Excellence and Student Success (CTESS)

As identified in Strategic Plan Goal 1, Objective 3-8, “establish a Center for Teaching Excellence and Student Success,” CTESS is a cornerstone of support for improving the quality of educational and student retention activities.

Funding will be used to create the CTESS and to develop a comprehensive plan of activities. (Full funding of $200,000)

CTESS is a major element of the FAU Strategic Plan.

Strategic GoalsGoal 1: Providing increased access to higher education

39

AllocationsEnrollment Growth – University Support

Police Services

Funding is requested to enhance safety and security services on FAU’s campuses, reflecting increases in students, faculty and staff and to address community crime issues.

These funds assist in the University’s commitment to its Values: Provide a secure environment for the pursuit of learning and Account for the sound use and careful stewardship of the resources provided to the University .

Expense – Fuel Costs $ 25,000

Staffing2 Police Officers, Boca Raton campus $122,0001 Police Officer, Broward campus $ 61,0001 Police Officer, MacArthur campus $ 61,0001 Public Service Officer, Treasure Coast campus $ 39,500



40


Communications Staffing $68,500

Funding for increased staff infrastructure to assist FAU in expanding its visibility and strengthening its image locally, regionally, nationally, and internationally by expanding its modes of communicating with internal and external audiences.

These funds, along with the consolidation and integration of communications efforts university-wide, will assist in providing a single area of contact for community engagement and effective communications to existing and new constituencies.

Increasing the University’s visibility is a stand alone goal in FAU’s Strategic Plan.

These allocations are linked to Strategies 1-3 of Objective 2, Goal 4: Provide a point for community contact that will serve as a clearinghouse for university outreach initiatives-community engagement; Strategies 1-3 of Objective 4, Goal 4: Communicate effectively to both internal and external audiences; Strategy 1 of Objective 1, Goal 7: Create an integrated internal communications plan; Strategy 2 of Objective 2, Goal 7: Create an integrated external communications plan; and Strategies 1-3 of Objective 3, Goal 7: Communicate the University’s identity and messages to the public with one consistent voice.


responsibilitiesGoal 7: Increasing the University’s visibility

41


University Advancement Staffing $110,908 Funding is requested for 2 positions to support FAU’s capital campaign.

This investment in staffing will produce significant private funds to help the University meet its Strategic Goals.

Fundraising for the creation of an endowment to support research and scholarly activities and fundraising for capital projects are important strategies to achieve FAU’s Strategic Goals and Objectives.

This allocation is linked to Strategy 2 of Objective 1, Goal 3: Create a research and scholarly activity endowment for the University as part of the capital campaign and Strategy 4 of Objective 3, Goal 6: Ensure that the University’s annual Capital Improvement Plan and Capital Campaign support and promote the University’s Strategic Plan.



42


Diversity Programs and Incentives $68,000

Funding is requested to assist FAU in fostering a diverse and inclusive environment of students, faculty, and staff.

A university-wide committee has recommended strategies to ensure diversity among the University’s faculty and staff, as established in the University’s Strategic Plan.

These funds will be utilized to develop diversity training initiatives and to assist hiring units with advertising and other search costs necessary to attract outstanding and diverse faculty and staff.

This allocation is linked to Strategy 1 of Objective 6, Goal 3: Adopt strategies that will institutionalize diversity among the University’s faculty and staff.


responsibilitiesGoal 7: Increasing the University’s visibility

43

AllocationsEnrollment Growth – Library Resources

Funding to Support Investment in $71,538Adequate Library Resources

Library materials are essential for quality instructional and research activities of the University.



44

AllocationsEnrollment Growth – Technology Infrastructure

Funding to Support Enhancements $37,605in Library Technology Infrastructure


Improves library support on all campuses, providing access to subscriptions necessary for quality instruction and research.

Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 5: Building a state-of-the-art information technology environment

45

AllocationsEnrollment Growth – Branch Campus Operations

Partner Campus Instructional Travel $45,716

The 2006 Legislature increased the mileage allowance from 29 cents per mile to 44.5 cents per mile.

Following the strategy developed under Goal 3, Objective 7, “Provide appropriate base operations and maintenance budgets to academic and support units,” these funds will be used to partially offset the mileage allowance paid to faculty who travel between campuses to teach courses.


responsibilities

46

AllocationsEnrollment Growth – Student Financial Aid

Need-Based Student Financial Aid $93,433

Supports enrollment growth and student diversity.

Provides aid to students with demonstrated financial need.

Strategic Plan Goal 1, Objective 6-1, calls for “increased financial aid resources to improve recruitment of targeted student populations.”


47

AllocationsEnrollment Growth – Student Services

Funding for Center for Teaching $71,926 Excellence and Student Success (CTESS)

As identified in Strategic Plan Goal 1, Objective 3-8, “establish a Center for Teaching Excellence and Student Success,” CTESS is a cornerstone of support for improving the quality of educational and student retention activities.

Funding will be used to create the CTESS and to develop a comprehensive plan of activities. (Full funding of $200,000)

CTESS is a major element of the FAU Strategic Plan.

Strategic GoalsGoal 1: Providing increased access to higher education

48


Career Development Center - $57,529Boca Raton Campus

This allocation supports Strategic Plan Goal 2, Objective 2, which calls for increased effectiveness of career planning support services to students, especially as it relates to targeted degrees and workforce development.

Funding to hire a Coordinator of Technology Services to manage the growing use of database technology supporting career choice, job referrals and placement, and on-line student career development activities.

Strategic GoalsGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional

responsibilitiesGoal 5: Building a state-of-the-art information technology environment

49


Student Development and Activities -$40,300Broward Campuses

This allocation supports efforts under Strategic Plan Goal 1, Objective 2, which aims to foster institutional commitment to student satisfaction and success leading to higher retention and graduation rates.

Funding to hire a Coordinator of Student Development and Activities to assist Owl Productions, transfer student orientation, leadership development, and multi-campus activities.

Strategic GoalsGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional


50


Division of Student Affairs - $70,000MacArthur Campus

This allocation supports efforts under Strategic Plan Goal 1, Objective 2, which aims to foster institutional commitment to student satisfaction and success leading to higher retention and graduation rates, and Goal 2, Objectives 2 and 5, which call for providing effective career planning support services to students and preparing to transition competitively into the workforce.

Funding to provide a Senior Secretary position to assist Student Affairs professional staff; additional hours of coverage for the campus activities center; and funds for interpreters. The secretarial position will support three staff members in the areas of Diversity Services, Career Services, and Student Life.

Strategic Goals Goal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional


51

Reallocation ofExisting Resources

Throughout the year, current operations are examined to ensure resources are utilized as efficiently as possible.

Where opportunities exist, resources are reallocated to priorities and initiatives of the University’s Strategic Plan.

52


The Office of the Provost reprioritized commitments for faculty start-up funding and reallocated a portion of those funds to support graduate student stipends and tuition waivers in efforts to support strategic plan objectives relating to goal 3 – building world-class academic and research programs ($250,000).

Using performance indicators relating to program effectiveness and “program profitability,” Academic Affairs was able to focus on strategic priorities despite new state appropriations that are insufficient to fund those initiatives at levels indicated in the FAU Strategic Plan. Chief among these initiatives are the Center for Teaching Excellence and Student Success (CTESS) and support for undergraduate and tuition waivers to support recipients of FAU scholarships and graduate assistantships ($402,500).

53


By realizing operational efficiencies in supporting units, especially the Office of Undergraduate Admissions and University Registrar, Academic Affairs was able to reallocate funds to support enrollment growth in the colleges and efforts to increase degree completion rates as emphasized in the FAU Strategic Plan ($200,000).

Redirected Banking Services contract savings plus existing OPS funds to support the hiring of a Police Detective ($70,000).

Redirected expense funds to hire interpreter services for disabled students ($2,000).

Expanded use of teleconferencing and video-conferencing for meetings, including installing video-conferencing capabilities in the President’s Conference Room (Efficiency and Travel Savings).

54


Worked with Property Management to recycle surplus furniture instead of purchasing new tables and chairs ($10,000).

Redirected one-time salary savings to install motion detectors in restrooms, data rooms, and mechanical rooms to save energy costs $5,000).

Combined position of Lifelong Learning Director for Broward and Ft. Lauderdale Campus Coordinator into a single position, with savings utilized to expand program offerings ($28,000).

55


Redirected one-time salary savings to expand summer semester course offerings ($200,000).

Redirected salary savings from organizational changes in the President’s Office to establish customer service training and communications programs ($30,000).

In an effort to create more efficient and effective communications methods, the University has consolidated all communications efforts university-wide, including the unification of the learning resources visual communications department with the University’s creative services department. In addition, all communications officers for colleges and divisions will now work in conjunction with the University’s communications division (Improve Efficiency).

Florida Atlantic UniversityEducational & General

Operating Budget 2006-07 with Prior Year Comparison

General Revenue $136,203,181

Lottery $10,289,357

Student Fees $68,775,509

$212,432,849



$215,897,390


Lottery $14,766,289


$236,885,648

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

$110,000,000

$120,000,000

$130,000,000

$140,000,000

$150,000,000

$160,000,000

$170,000,000

$180,000,000

$190,000,000

$200,000,000

$210,000,000

$220,000,000

$230,000,000

$240,000,000

$250,000,000

RevenueBudget 2005-6$215,268,047

ExpenditureBudget 2005-6$212,432,849

Projected Revenue2005-6

$215,897,390

ProjectedExpenditures 2005-6

$215,897,390

RevenueBudget 2006-7$241,947,878

ExpenditureBudget 2006-7$236,885,648

Lottery$10,289,357

57

Florida Atlantic UniversityOperating Budget 2006-2007

Educational and General Budget Summary

Expenditure Budget 2005-2006: $212,432,849

Estimated Expenditures 2005-2006: $215,897,390


Percentage Increase in Expenditure

Budget 2005-06 to 2006-07:

11.5%

58

Student Financial Aid

Budget

59

The Student Financial Aid Budget consists of:

The Student Financial Aid budget largely represents scholarship and loan funds that are received by the University and subsequently disbursed to students. Included in the budget are funding from student financial aid fees as well as financial aid support from all sources such as federal financial aid awards (Pell, Student Educational Opportunity Grants, Perkins Loans, Stafford Loans), state financial aid awards (Bright Futures, Florida Assistance Grants), Institutional Programs (Presidential Awards, MLK Scholarships) and Private Scholarships (FAU Foundation).

Credit Hour Financial Aid Fees:

$ 3.68 Undergraduate In-State

$24.41 Undergraduate Out-of-State

$10.02 Graduate In-State

$41.89 Graduate Out-of-State

60

Highlights of 2006-07 Financial Aid Budget

Estimated revenues exceeded expenses in 2005-06 by $86,400.

The requested increase in budget for 2006-07 is due to the need to support the additional students served through enrollment growth funding and the tuition increases.

Florida Atlantic UniversityStudent Financial Aid


$119,632,339$119,553,276

$106,512,969

$106,426,569

$122,936,011$122,803,303

$0$5,000,000

$10,000,000$15,000,000$20,000,000$25,000,000$30,000,000$35,000,000$40,000,000$45,000,000$50,000,000$55,000,000$60,000,000$65,000,000$70,000,000$75,000,000$80,000,000$85,000,000$90,000,000$95,000,000

$100,000,000$105,000,000$110,000,000$115,000,000$120,000,000$125,000,000

Revenue Budget 2005-6$119,632,339

Expenditure Budget2005-6 $119,553,276

Projected Revenue 2005-6 $106,512,969

Projected Expend.2005-6 $106,426,569

Revenue Budget 2006-7 $122,936,011

Expense Budget 2006-7 $122,803,303

62

Florida Atlantic University Operating Budget 2006-2007

Student Financial Aid Budget Summary


Estimated Expenditures for 2005-2006: $106,426,569


Percentage Increase in Budget 2005-06 to 2006-07: 2.7%

63

Grants and Contracts

Budget

64

The Grants and Contracts Budget consists of:

Funding from federal agencies, state agencies, foundations and private sources that enables the University to conduct specific research projects or to provide specific services.

Expenditures for the Division of Sponsored Research, the A.D. Henderson University School and the Florida Atlantic University Foundation (payroll clearing account) are included in the Grants & Contracts budget.

65

Highlights of 2006-07Grants and Contracts Budget

Estimated revenues exceeded expenses in 2005-06 by $103,000.

The 2006-07 operating budget represents an increase of 1.6 percent over the prior year to accurately reflect the level of grant funding projected for the year.

Expenditures Sponsored Research $49,098,755 FAU Foundation 5,954,753 A.D. Henderson School 4,118,667

Total $59,163,175

Florida Atlantic University Grants and Contracts


$58,995,462 $58,258,912

$51,644,989 $51,541,989

$59,173,420 $59,163,175

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

$45,000,000

$50,000,000

$55,000,000

$60,000,000

$65,000,000

$70,000,000

$75,000,000

Revenue Budget 2005-6$58,995,462

Expenditure Budget 2005-6$58,258,912

Projected Revenue 2005-6$51,644,989

Projected Expend. 2005-6$51,541,989


Expense Budget 2006-7$59,163,175

67


Grants and Contracts Budget Summary





68

Auxiliary Enterprises

Budget

69

The Auxiliary Enterprises Budget consists of:

University business operations that are self-supporting through user fees, payments and charges. These include:

Food Services Postal Services

Housing Student Health Center

Bookstore Traffic and Parking

Printing/Duplicating Student Center

Telecommunications College Continuing Education

Lifelong Learning Society Ocean Engineering Boat

University Theatre College of Science Machine

Shop

70

Highlights of 2006-07Auxiliary Enterprises Budget

Estimated Revenues exceeded expenses in 2005-06 by $1,432,801.

The 2006-07 Budget reflects an increase of 1.3 percent which includes transfer authority. The largest components of the increase are the residence halls rental increase and salary increases for staff funded by auxiliary operations.

Florida Atlantic University Auxiliary Enterprises


$54,903,998$54,318,913

$59,965,455

$58,532,654$59,836,180

$55,006,528

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

$45,000,000

$50,000,000

$55,000,000

$60,000,000


Expenditure Budget 2005-6 $54,318,913


Projected Expend. 2005-6$58,532,654



72


Auxiliary Enterprises Budget Summary





73

Athletics Local

Budget

74

The Athletics Local Budget consists of:

The Athletics Local Operating Budget supports the University’s student athletics program. Funding is generated from student athletics fees ($13.75 per-credit hour) as well as ticket sales to athletics events, game guarantees, NCAA distributions, sponsorships and private support.

In addition to the Local Operating Budget, FAU Athletics receives $246,000 in State Educational and General Title IX Gender Equity funding and $1,077,815 in out-of-state waiver authority and financial aid.

75

Highlights of 2006-07 Athletics Local Budget

Estimated expenses and revenues in 2005-06 were balanced.

Projected expenditures for 2006-07 total $12,067,000 consistent with the February Athletics Workshop. Revenues include $420,000 in private funding raising support, $8,000,000 in athletic fees, $2,075,000 in game guarantees, and $430,000 in ticket sales. Total expenditures are 9.7 percent over the initial 2005-06 expenditure budget; however, projected expenditures are 7.3 percent above the 2005-2006 amended budget, which was increased approximately $250,000 to cover “guaranteed” expenditures. Approximately one-half of the increase in expenditures is the result of increased scholarship support.

Florida Atlantic University Athletics Local


$10,993,000 $10,993,000

$11,243,000 $11,243,000

$12,067,000 $12,067,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$5,000,000

$5,500,000

$6,000,000

$6,500,000

$7,000,000

$7,500,000

$8,000,000

$8,500,000

$9,000,000

$9,500,000

$10,000,000

$10,500,000

$11,000,000

$11,500,000

$12,000,000


Expenditure Budget2005-6 $10,993,000


Projected Expend. 2005-6 $11,243,000



77


Athletics Budget Summary





* The expenditure budget was increased by $249,700 during the first quarter 2005-2006 to cover unbudgeted expenses that were fully covered by sponsored revenues, increase the total expenditure budget to $11,243,000.

78

Student Government

Budget

79

The Student Government Budget consists of:

Funds from student activities and service fees are provided to support student government operations and student activities such as clubs and organizations.

The Activity and Service Fee of $10.00 per credit hour generates approximately $5,700,000.

80

Highlights of 2006-07 Student Government Budget

Estimated revenues exceeded expenses in 2005-06 by approximately $385,000.

The 2006-07 operating expenditure budget of $6,678,124 represents a slight decrease over the prior year original budget.

Florida Atlantic University Student Government


$5,923,450

$6,715,000

$6,102,703

$5,720,171

$5,968,986

$6,678,124

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$5,000,000

$5,500,000

$6,000,000

$6,500,000

$7,000,000

Revenue Budget2005-6

Expenditure Budget2005-6

Projected Revenue 2005-6

Projected Expend.2005-6

Revenue Budget2006-7

Expend. 2006-7

82


Student Government Budget Summary




Percentage Increase in Budget 2005-06 to 2006-07: 0%

83

Concessions

Budget

84

The Concessions Budget consists of:

Funds from concession operations such as soft drink and snack vending machines.

Expenditures from these funds support the academic mission of the University.

85

Highlights of 2006-07 Concessions Budget

Estimated revenues exceeded expenses in 2005-06 by approximately $30,000.

The concessions budget for 2006-07 is a continuation budget with no change from the prior year.

Florida Atlantic UniversityConcessions


$565,000$572,575

$468,230

$437,266

$575,000

$572,575

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

Revenue Budget 2005-6 $ 565,000

Expenditure Budget2005-6 $572,575

Projected Revenue 2005-6 $468,230

Projected Expend. 2005-6 $437,266

Revenue Budget 2006-7 $575,000

Expense Budget 2006-7$572,575

87

Florida Atlantic University Operating Budget 2006-2007Concessions Budget Summary

Expenditure Budget 2005-2006: $572,575

Estimated Expenditures 2005-2006: $437,266

Expenditure Budget 2006-2007: $572,575

Percentage Increase in Budget 2005-06 to 2006-07: 0%

2006-2007

Capital Outlay Budget

89

Florida Atlantic University2006-2007

Capital Outlay Budget

Section 1013.61, Florida Statutes, requires the Florida Atlantic University Board of Trustees to adopt a capital outlay budget for the ensuing year to inform the public of the University’s capital outlay needs. The capital outlay budget is part of the annual budget and shall be based upon the Board’s capital outlay plan. The budget shall designate the proposed capital outlay expenditures by project for 2006-07 from all fund sources, as amended.

The Florida Atlantic University Board of Trustees on August 10, 2005 approved the University’s Capital Improvement Plan as recommended by the Strategic Planning Committee. Subsequently the Board of Governor’s approved the FAU fixed capital outlay request. These projects were approved by the 2006 Florida Legislature as recommended by the Florida Atlantic University Board of Trustees. The Fixed Capital Outlay Budget includes PECO, Courtelis Matching Gifts and PECO Construction Cost Increase Funding.

90

Projects of the 2006-2007Capital Outlay Budget

Public Education Capital Outlay Projects (PECO)Utilities/Infrastructure/Capital Renewal/Roofs (P,C,E) $ 3,642,356FAU/Scripps Joint Use Facility-Jupiter (P,C,E) $2,000,000 Expansion/Remodel Computer Center #22 (C,E) $2,000,100 Port St. Lucie - Partner Campus Phase II (P,C,E) $10,009,000FAU/UF Davie Facility (P,C,E) $9,300,000 General Classroom/Engineering Building (P,C) $3,000,000 SUB-TOTAL $29,951,456

Courtelis Matching GiftsOffice Depot Executive Development Center $ 4,000,000 * Alumni Center $ 2,000,000 * SUB-TOTAL $ 6,000,000 *

* This is 50 Percent Private Gifts ($3,000,000) and 50 Percent State Matching ($3,000,000)

PECO Construction Cost Increase FundingFAU-HBOI Marine Science Partnership $ 195,130 College of Business Expansion Remodeling $ 251,674 SUB-TOTAL $ 446,804

TOTAL 2006-07 CAPITAL OUTLAY BUDGET REQUEST $39,398,260

91

2006-2007Budget Summary

Operating Budget$493,176,353

Capital Outlay Budget$39,398,260

92

Florida Atlantic University Foundation, Inc.

While not a component of the FAU budget, the Florida Atlantic University Foundation makes expenditures that directly benefit the University.

Expenditures on behalf of the University during 2005-2006 are estimated as:

Salaries, Wages and Benefits $ 4,933,152 General Expenses $ 4,951,013 Scholarships $ 2,605,613

Total $12,489,778

Florida Atlantic University 2006-2007 Operating Budget Capital Outlay Budget Presentation to the FAU...

Documents

Transcript of Florida Atlantic University 2006-2007 Operating Budget Capital Outlay Budget Presentation to the FAU...