Operating Budget For Fiscal Year 2018
FY 2018 Operating Budget (Does Not Include Gifts and Grants) Revenues Other 2% Sales and Services 18% Tuition and Registration Fees 53% Appropriations for Capital Improvement 9% Appropriations for Benefits 4% Appropriations for Operations 14% 2
FY 2018 Operating Budget Revenues (Does Not Include Gifts and Grants) Revenues FY 2018 FY 2017 Tuition & Registration Fees $337,774,000 52.5% $318,091,000 51.6% Appropriations for Operations $92,502,617 14.4% $92,713,083 15.0% Appropriations for Benefits $26,327,416 4.1% $27,552,000 4.5% Appropriations for Capital Improvements $55,903,032 8.7% $56,137,826 9.1% Sales and Services $118,618,000 18.5% $111,360,000 18.1% Other $11,771,000 1.8% $10,725,000 1.7% TOTAL $642,896,065 $616,578,909 3
FY 2018 Operating Budget (Does Not Include Gifts and Grants) Expenses Utilities 5% Benefits Financial Aid 12% 6% Capital Improvements Staff Salaries 14% 19% Other (Operating) 23% Faculty Salaries 21% 4
FY 2018 Operating Budget Expenses (Does Not Include Gifts and Grants) Expenses FY 2018 FY 2017 Faculty Salaries $135,445,335 21.1% $129,964,594 21.1% Staff Salaries $120,320,283 18.7% $117,903,892 19.1% Benefits $79,078,538 12.3% $75,182,226 12.2% Utilities $31,256,128 4.9% $31,992,919 5.2% Financial Aid $38,536,794 6.0% $35,406,304 5.7% Capital Improvements $91,568,035 14.2% $88,535,280 14.4% Other (Operating) $146,690,952 22.8% $137,593,695 22.3% TOTAL $642,896,065 $616,578,909 5
Changes to the FY 2017 Budget for FY 2018 6
Appropriation Reductions GR Formula Funding -$1,838,084 Special Items Appropriation -$733,416 Benefits Appropriation -$1,224,585 Total Appropriation Reductions -$3,796,085 7
Sources of New Funding Designated Tuition Increase $8,984,360 Fine-Tuning Collection % $650,000 Administrative Overhead $741,000 Core Research $135,842 MARC Budget Relief * $917,080 Revenue Increases $11,428,282 * Total Materials Advanced Research $2,850,000 Center (MARC) Appropriation 8
Sources of New Funding Appropriation Reductions -$3,796,085 Revenue Increases $11,428,282 New Funds Available for $7,632,197 General Operations 9
Approved Use of New Funds Page 1 1% Merit Increase $1,812,933 New Academic Programs Master of Science in $186,949 Engineering Master of Science in $293,073 Respiratory Care Doctor of Philosophy in $592,052 Computer Science Bachelor of Science in Civil $330,303 Engineering 10
Approved Use of New Funds Page 2 Tenure & Promotion and ULP $764,089 Summer Salaries & Benefits $223,074 Graduate Assistant Raises (1%) $248,839 Core Research $135,842 11
Approved Use of New Funds Page 3 Insurance Benefits $160,000 Health Insurance – Retirees $556,000 Scholarships and Financial Aid $1,083,230 Maintenance and Custodial $63,061 Contracts 12
Approved Use of New Funds Page 4 Hardware Software Maintenance $117,532 TSUS System Office Billing $295,842 Faculty Start-up Budget $769,378 Total Uses of New Funds $7,632,197 13
FY 2018 Budget Changes from FY 2017 Total New Funds Available $7,632,197 Total Uses of New Funds $7,632,197 Difference $0 The FY 2018 Budget is Balanced 14
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