FY 2016 FINAL OPE RATING BUDGE T PRE SE NTATION OCTOBE R 2015 - - PowerPoint PPT Presentation

OCTOBE R 2015

FY 2016 FINAL OPE RATING BUDGE T PRE SE NTATION

FY 2016 OPE RATING BUDGE T PARAME TE RS

Student fees approved in May

• Flat fees for West Lafayette campus and Purdue Polytechnic Statewide
• Modest increases at the regional campuses

FY 2016 Operating Appropriations Increases

• WL: (1.1%), PUC: 0.7%, PNC: 1.4%, IPFW: 0.7%

Merit Increase Salary Policy

• Salary increases: WL: 3.0-3.5%, PUC: 2.0%, PNC: 1.5%, IPFW: 1.5%
• Nonrecurring salary adjustments: PUC/PNC: $1,500, IPFW: $1,000

Increases in Supplies and Expense Budgets

• WL: 1.0%, PUC: 1.5%, PNC: 1.5%, IPFW: 0.0%

NEW for FY 2016:

• More realistic and detailed budgeting
• Transitioning from a fund-based presentation to general ledger revenue

and expense categories; more income statement-like

• Transitioning to detailed S&E budgets
• Adding value to budget vs actual reporting

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TOTAL SYSTE M FY 2016

ALL F FUN UNDS RE VE NU NUE B BUDGE T ( (IN N THO HOUSANDS)

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West Lafayette Purdue University Calumet Purdue North Central Indiana- Purdue Fort Wayne Purdue University Total Revenues Student Fees $ 714,397 $ 62,930 $ 21,320 $ 72,315 $ 870,961 State Appropriations 294,291 29,629 16,476 47,257 387,654 Grants and Contracts 270,746 4,466 722 2,899 278,834 Service and Retail Income 160,806 4,392 1,030 3,648 169,877 Room and Board 106,943 3,842 340 5,042 116,167 Recovery and Transfers 87,801 4,310 1,209 11,072 104,392 Recreational and Sports Income 83,217 297 25 1,357 84,895 State and Federal Student Aid 80,244 16,735 9,882 33,109 139,971 Other Income 79,629 2,079 413 8,833 90,954 Investment, Endowment, and Interest 79,468 2,464 918 2,726 85,575 Facilities and Administrative Recovery 59,200 750 60 211 60,221 Gift Income 36,318 863 271 1,533 38,986 Total Revenues $ 2,053,061 $ 132,758 $ 52,666 $ 190,003 $ 2,428,487

TOTAL SYSTE M FY 2016

ALL F FUN UNDS E XPE XPE ND NDITURE B BUDGE T ( (IN N THO HOUSAN ANDS)

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West Lafayette Purdue University Calumet Purdue North Central Indiana- Purdue Fort Wayne Purdue University Total Expenditures (BY TYPE) Salary and Wages $ 793,051 $ 51,839 $ 21,524 $ 60,994 $ 927,409 Fringe Benefits 241,412 17,848 7,272 20,826 287,357 Total Compensation $ 1,034,463 $ 69,687 $ 28,796 $ 81,820 $ 1,214,766 Supplies and Services 619,459 30,275 9,134 48,551 707,419 Student Aid 192,313 22,183 10,749 39,017 264,262 Debt Service 71,218 4,999 2,127 10,872 89,217 Fee Remissions 67,221 1,619 208 5,482 74,530 Fuel and Utilities 36,358 3,293 1,444 3,840 44,935 Repair and Rehabilitation 32,029 702 208 420 33,358 Total Expenditures $ 2,053,061 $ 132,758 $ 52,666 $ 190,003 $ 2,428,487 Expenditures (BY FUNCTION) Colleges $ 967,641 $ 35,023 $ 11,185 $ 62,364 $ 1,076,213 Student Support 346,838 27,477 12,355 48,163 434,833 Academic Support Areas 202,026 23,565 9,669 10,311 245,571 Total Academic Areas & Student Support $ 1,516,506 $ 86,064 $ 33,209 $ 120,838 $ 1,756,617 Administrative/Infrastructure 331,220 35,466 15,248 45,877 427,811 Debt Service 71,218 4,999 2,127 10,872 89,217 Athletics 65,730 2,233 430 8,156 76,549 Fuel and Utilities 36,358 3,293 1,444 3,840 44,935 Repair and Rehabilitation 32,029 702 208 420 33,358 Total Expenditures $ 2,053,061 $ 132,758 $ 52,666 $ 190,003 $ 2,428,487

TOTAL SYSTE M FY 2016

5 YE AR B BUD UDGE T H HISTO TORY ( (ALL F FUN UNDS)

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$1,161,934 $1,219,544 $1,239,258 $1,244,850 $1,279,504 512,006 517,871 509,150 491,964 563,238 310,305 333,736 325,451 322,248 321,483 243,662 242,009 252,294 253,928 264,262 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

Total System

(IN THOUSANDS) Total General Total Restricted Total Auxiliary Enterprises Total Student Aid

COMPARISON OF TUITION AND FE E S

BIG T TE N PU N PUBLIC UNI NIVE RSITIE S ACA CADE MIC Y C YE AR 201 015-201 016

Note: Institutions are ranked from Lowest to Highest Rate

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University Tuition & Fees Rank by Cost 1-Year Change Tuition & Fees Rank by Cost 1-Year Change University of Iowa $8,104 1 0.3% $27,890 4 1.8% University of Nebraska-Lincoln $8,279 2 2.6% $22,446 2 2.1% University of Maryland $9,996 3 6.0% $31,144 9 4.8% Purdue University $10,002 4 0.0% $28,804 5 0.0% Ohio State University $10,037 5 0.0% $27,365 3 3.1% University of Wisconsin-Madison $10,416 6 0.1% $29,665 7 11.3% Indiana University $10,497 7 0.5% $33,740 11 1.3% Michigan State University $13,560 8 2.7% $36,360 12 4.0% University of Minnesota $13,790 9 1.7% $22,210 1 6.7% University of Michigan $13,856 10 2.7% $43,476 13 3.7% Rutgers, State University of New Jersey $14,131 11 2.3% $29,521 6 3.3% University of Illinois $15,626 12 0.2% $30,786 8 1.8% Penn State University $17,514 13 0.1% $31,346 10 2.9% Mean (excluding Purdue) $12,150 1.6% $30,496 3.9% Purdue index to mean 0.82 0.94 AAU Mean (excluding Purdue) $11,754 2.2% $31,975 4.3% Purdue index to AAU mean 0.85 0.90

Resident Nonresident Undergraduate

RE GIONAL CAMPUSE S PE E R COMPARISONS

RE SIDE NT U UND NDE RGRADUATE T TUITION AND N AND FE E R RATE S ACA CADE MIC Y C YE AR 201 015-201 016

PUC – Ranked 5th among 11 peers. (83 percent of mean) PNC – Ranked 7th among 11 peers. (98 percent of mean) IPFW – Ranked 8th among 12 peers. (105 percent of mean)

Note: Schools are ranked from Lowest to Highest Rate

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OCTOBE R 2015

FY 2016 FINAL OPE RATING BUDGE T PRE SE NTATION