Operating Budget For Fiscal Year 2018 FY 2018 Operating Budget - - PowerPoint PPT Presentation

Operating Budget For Fiscal Year 2018

FY 2018 Operating Budget

(Does Not Include Gifts and Grants)

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Tuition and Registration Fees 53% Appropriations for Operations 14% Appropriations for Benefits 4% Appropriations for Capital Improvement 9% Sales and Services 18% Other 2%

Revenues

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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

FY 2018 Operating Budget

(Does Not Include Gifts and Grants)

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Faculty Salaries 21% Staff Salaries 19% Benefits 12% Utilities 5% Financial Aid 6% Capital Improvements 14% Other (Operating) 23%

Expenses

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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

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Changes to the FY 2017 Budget for FY 2018

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GR Formula Funding

• $1,838,084

Special Items Appropriation

• $733,416

Benefits Appropriation

• $1,224,585

Total Appropriation Reductions

• $3,796,085

Appropriation Reductions

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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 Center (MARC) Appropriation $2,850,000

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Appropriation Reductions

• $3,796,085

Revenue Increases $11,428,282 New Funds Available for General Operations $7,632,197

Sources of New Funding

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Approved Use of New Funds Page 1

Master of Science in Engineering $186,949 Master of Science in Respiratory Care $293,073 Doctor of Philosophy in Computer Science $592,052 Bachelor of Science in Civil Engineering $330,303 1% Merit Increase $1,812,933

New Academic Programs

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Tenure & Promotion and ULP $764,089 Summer Salaries & Benefits $223,074 Graduate Assistant Raises (1%) $248,839 Core Research $135,842

Approved Use of New Funds Page 2

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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 Contracts $63,061

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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

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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