FY 2020 Operations Budget Summary

Presentation to the Board of TrusteesSeptember 2019

F I S C A L Y E A R 2 0 2 0

SYSTEM-WIDE OPERATING BUDGET

$6.97 billion+$141M (+2.1%) from FY2019

Includes Benefit Payments Made by State

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B U D G E T D E V E L O P M E N T

Consolidation of Budgets Developed by Individual

Departments, Colleges and Units

Follows Legislative Guidelines on Use of Funds

Driven by Institutional Priorities

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B U D G E T P R I O R I T I E S

MaintainAffordability

StudentScholarships

FacultyExcellence

Physical Infrastructure

Innovation &Econ. Dev.

B U D G E T C O M P R I S E S F O U R T Y P E S O F F U N D S

Total FY20 Budget: $6,970 M

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Hospital

$838 M(+7.1%)

Payments on Behalf

$1,716 M(-3.0%)

Restricted

$2,073 M(+1.1%)

General Operating

$2,343 M(+5.2%)

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F Y 2 0 2 0 P R O J E C T E D U N I V E R S I T Y R E V E N U E S

Total Budget $6,970MPayments on Behalf (POB) $1,716M

Budget w/o POB $5,254M

+194M+3.8%

K E Y R E V E N U E C H A N G E S

StateAppropriation

+4.7%

Tuition & Fees

+3.7%

HospitalFund+7.1%

Sponsored Program

+3.7%

Auxiliary Facilities

+2.5%

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G E N E R A L O P E R A T I N G F U N D

State Appropriation $594.2 M

Tuition and Fees $1,327.2 M

Cost Recovery $266.3 M

Royalties $40.6 M

Allowances $77.9 M

Misc. Income $37.3 M

Total $2,343.5 M

Tuition Accounts for 57% of General FundState Appropriation Provides 25% of General Fund

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R E S T R I C T E D F U N D S

Sponsored Programs $762.3 M

Gift Income $179.7 M

Auxiliaries $810.5 M

Medical Service Plans $250.7 M

Other $69.4 M

Total $2,072.6 M

Sponsored Programs Account for 37% of Restricted FundsAuxiliaries Account for 39% of Restricted Funds

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State12%

Tuition25%

Inst. Funds8%

Sponsored Programs

15%

Gifts/Endow Inc.4%

Other1%

Hospital/MSP20%

Aux./Dept.15%

DIVERSIFIED REVENUE SOURCES

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Institutional Fund includes cost recovery, royalties, allowances and misc. income

Total $5,254 MExcludes Payment on Behalf

FISCAL YEAR 2020 – BUDGET BY UNIVERSITY

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$5,254 Million(excluding payments on behalf)

45.2%

1.7%

33.4%

Hospital, 16.0%

System Office + System Wide Programs, 3.7%

UIC Total49.4%

FISCAL YEAR 2020 – TUITION BY UNIVERSITY

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TOTAL $1,327 Million

61.2%

2.6%

36.2%

S A L A R I E S & B E N E F I T S B I G G E S T C O M P O N E N T O F E X P E N S E

$2,689.5 M

+4.0 % over FY19

51% OF TOTAL

Note: Total excludes payments on behalf

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M A J O R E X P E N S E B U D G E T C A T E G O R I E S

Category Amount Percent of

Total

Salaries & Benefits $2,689.5 M 51.2%

Supplies, Services, Equipment $1,693.9 M 32.2%

Scholarships $334.3 M 6.4%

Utilities/Maintenance $283.5 M 5.4%

Debt Service $122.7 M 2.3%

Transfer to Capital $130.5 M 2.5%

E X P E N D I T U R E B Y F U N C T I O N

Instruction, 19.8%

Research, 15.3%

Public Service, 7.9%

Academic Support, 11.3%

Student Services, 3.1%

Scholarships, 5.9%

Instiutional Support, 5.9%

Plant Operations, 5.6%

Hospital, 16.1%

Auxiliary, 9.1%

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K E Y C H A L L E N G E S

• Stable State Funding

• Enrollment & Tuition Growth

• Maintain Fund Raising Momentum

• Expense Control

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