Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue,...
-
Upload
jared-gallagher -
Category
Documents
-
view
212 -
download
0
Transcript of Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue,...
![Page 1: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/1.jpg)
Open Budget ForumWalt Branson
October 28, 2013
![Page 2: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/2.jpg)
FY 14 Current Fund Original BudgetGross Revenue, before reduction of revenue to be expended on student aid
Dollars in Millions
Unrestricted Current FundsOperations Funds $ 144.6 Distance & Continuing Education 9.7
Auxiliary & Service Operations 19.5 Total Unrestricted Gross Revenue $ 173.8
Restricted Current FundsGift & Endowment Income $ 9.5
Grants & Contracts Project Fnd 33.1 Total Restricted Gross Revenue $ 42.6
Total Current Fund Gross Revenue $ 216.4
![Page 3: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/3.jpg)
FY 14 General Revenue Allocation (GRA)Revised Rate Budget
Dollars in Millions
REVENUETuition & Fees $ 88.6
less Aid 24.9 Net Fee Revenue $ 63.7 53%
State Appropriations $ 46.4 39%
Recovery of Indirect/G&C 6.5 6%
Gift/Endow Fees & other Misc Rev 1.5 1%
Cost Recovery/Dist & Cont Ed & Aux 1.6 1%
TOTAL NET REVENUE $ 119.7 100%
![Page 4: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/4.jpg)
FY 14 General Revenue Allocation (GRA)Revised Rate Budget
Dollars in Millions
TOTAL NET REVENUE $ 119.7
EXPENSESalary & Wages $ 65.7 Staff Benefits 21.0 Strategic Initiative/Faculty 2.6 Total Compensation $ 89.3 76%
Other ItemsDedicated Info Tech Fee $ 2.4 Dedicated Recovery of Indirect 1.6 Debt Payments 2.8 Maintenance & Repair 5.8 Fuel & Utilities 4.6 Other E&E & mandatory items 11.2 Total Other Items $ 28.4 24%TOTAL EXPENSE $ 117.7 100%
NET RATE BALANCE $ 2.0
![Page 5: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/5.jpg)
FY15 Budget DriversREVENUE
State Appropriations 39%
Student Fees 53%Enrollment AssumptionTuition IncreaseStudent Aid
EXPENSESStrategic Plan InitiativesSalaries and Benefits 76%
Mandatory Increases
![Page 6: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/6.jpg)
FY15 BudgetREVENUE
State Appropriations 39%
Student Fees 53%Other 8%
Total 100%EXPENSES
Salaries and Benefits 76%Other 24%
Total 100%
![Page 7: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/7.jpg)
FY15 BudgetREVENUE
State Appropriations 39%
Student Fees 53%Other 8%
Total 100%EXPENSES
Salaries and Benefits 76%Other 24%
Total 100%
![Page 8: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/8.jpg)
GRA Fees Rates per Credit Hour
Fiscal Year2010 2011 2012 2013 2014
Educational FeesUndergraduate Resident 245.60 245.60 261.60 269.40 274.00 Undergraduate Non-Resident 615.30 646.10 688.10 746.60 779.50 Graduate Resident 298.70 306.80 326.70 354.50 370.10 Graduate Non-Resident 771.20 792.00 843.50 915.20 955.50 MBA Resident 520.50 520.50 554.30 601.40 627.90 MBA Non-Resident 832.80 832.80 886.90 962.30 1,004.60
Supplemental FeesEngineering 54.50 60.00 67.20 74.20 78.70 Biological Sci & Chemistry 54.50 60.00 65.40 72.20 76.50 Comp Sci and G&G 54.50 60.00 64.20 70.90 75.20 Physics 27.30 30.00 32.10 35.40 37.50 Business, IS&T, M&IS 27.30 30.00 32.70 36.10 38.30
Information Technology Fee 12.20 12.20 13.00 13.40 13.60
![Page 9: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/9.jpg)
GRA Fees Percent Change Per Year
Fiscal Year2010 2011 2012 2013 2014
Educational FeesUndergraduate Resident 0.0% 0.0% 6.5% 3.0% 1.7%Undergraduate Non-Resident 0.0% 5.0% 6.5% 8.5% 4.4%Graduate Resident 0.0% 2.7% 6.5% 8.5% 4.4%Graduate Non-Resident 0.0% 2.7% 6.5% 8.5% 4.4%MBA Resident 0.0% 0.0% 6.5% 8.5% 4.4%MBA Non-Resident 0.0% 0.0% 6.5% 8.5% 4.4%
Supplemental FeesEngineering 0.0% 10.1% 12.0% 10.4% 6.1%Biological Sci & Chemistry 0.0% 10.1% 9.0% 10.4% 6.0%Comp Sci and G&G 0.0% 10.1% 7.0% 10.4% 6.1%Physics 0.0% 9.9% 7.0% 10.3% 5.9%Business, IS&T, M&IS 0.0% 9.9% 9.0% 10.4% 6.1%
Information Technology Fee 0.0% 0.0% 6.6% 3.1% 1.5%
![Page 10: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/10.jpg)
FY15 BudgetREVENUE
State Appropriations 39%
Student Fees 53%Other 8%
Total 100%EXPENSES
Salaries and Benefits 76%Other 24%
Total 100%
![Page 11: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/11.jpg)
FY15 BudgetREVENUE
State Appropriations 39%
Student Fees 53%Other 8%
Total 100%EXPENSES
Salaries and Benefits 76%Other 24%
Total 100%
![Page 12: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/12.jpg)
FY 15 Budget NeedsStaff Benefit Base IncreaseSalary & Wage IncreasesSCS (Staff Compensation Structure) AdjustmentsPromotion & TenureCurators ProfessorsChemical Engineering Bldg Operating CostsAlumni Building Operating CostsE&E (Expense & Equipment) ItemsStrategic Plan Initiatives Faculty Positions Reorganization Fellowships Marketing & Communications Comprehensive Campaign Other Strategic Initiative Matching
![Page 13: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/13.jpg)
FY15 BudgetREVENUE
State Appropriations
Student Fees Other
Total EXPENSES
Salaries and Benefits Other
Total
![Page 14: Open Budget Forum Walt Branson October 28, 2013. FY 14 Current Fund Original Budget Gross Revenue, before reduction of revenue to be expended on student.](https://reader036.fdocuments.in/reader036/viewer/2022070401/56649f1e5503460f94c35aa3/html5/thumbnails/14.jpg)
FY 15 Budget TimelinePreliminary fee recommendations Oct - Nov
Final fee recommendations & preliminary budget planning Dec
Board review/approval of tuition & fee recommendations Jan
Budget system open for departmental entry Feb
Preliminary budget completed Mar
Board reviews preliminary budget April
Department/Division budget entry must be complete for all funds May
Campus budget finalized for system review & board approval June