Finance and Administration - Board of Trustees - The University of ...

More documents

Recommendations

Info

Finance and Administration Committee - VI. FY 2012 Revised Operating Budget - ActionFY2012 REVISED BUDGETUnrestricted E&G Revenues (Continued)4State Appropriations (Continued)FY 2012 revised state appropriations are $96.1 million (18.9%) less than FY 2008. Baserecurring reductions over this period exceed $120 million, but funding is added by the state eachyear to partially fund increases in employee group insurance and state retirement system costs.The state also added funds in FY 2012 to partially fund salary increases. The chart below showsthe trend of regular state appropriations over the last 5 year period. FY 2012 revised regularappropriations decreased $98.8 million or 19.4 percent since FY2008.State Appropriations (1)(in millions)60050040067.9 135.82.6300200509.4 475.5 425.7 412.1 410.610002008 2009 2010 2011 Revised 2012Regular Appropriations Stimulus Related Appropriations (2)(1) Unrestricted E&G only. Does not include appropriations restricted for Centers of Excellence & Governor’s Chairs.(2) Stimulus related appropriations include federal ARRA funding, MOE appropriations, and regular non-recurring state funds used toreplace FY 2011 ARRA funds.692
Finance and Administration Committee - VI. FY 2012 Revised Operating Budget - ActionFY2012 REVISED BUDGETUnrestricted E&G Revenues (Continued)Tuition and Fees4There is little change in budgeted tuition and fees. As shown in the table below, tuition and feesrevenue totals $490.9 million, a $2.5 million, or .5% increase from the FY 2012 Original Budgetof $488.4 million. Most of the increase is the result of higher than expected enrollments.Tuition and Fee RevenuesTUITION AND FEEREVENUE FY12 Original FY12 Revised Change Amount Change %Tuition $ 414,675,356 $ 415,875,129 $ 1,199,773 0.3%Program and Service Fees 45,427,251 45,723,632 296,381 0.7%Extension Enrollment Fees 7,494,070 7,507,528 13,458 0.2%Other Student Fees 20,795,287 21,808,175 1,012,888 4.9%Total Tuition and Fees $ 488,391,964 $ 490,914,464 $ 2,522,500 0.5%The largest increase is at Chattanooga ($1,624,718; 2.3%) where enrollment increases generatedadditional tuition ($954,408), MBA program income ($122,997), and student fee revenues($196,381). UTC made budget adjustments of $350,932 to allocate lab fees and adjust late feeprojections. Adjustments for nursing fees, scholarship carryovers, and course fees added$515,925 (0.2%) to Knoxville tuition and fee budgets. Martin increased its projections forathletic fee and international student fee revenues, adding $123,034 (0.2%) to budgeted revenue.Increased out-of-state enrollments helped the CVM add $246,595 (2.4%) to revenues. UTHSCtuition and fee budgets are essentially unchanged, up $12,228 (0.0%) from original budget.Other RevenuesThe $2.7 million increase in other revenues (1.8%) includes a $130,124 increase in Grants &Contracts, primarily due to the UTC increase of $128,182 from F&A recoveries. Sales &Services is up $686,091, including $191,769 increase in anticipated sales by UTC’s athleticdepartment and the Fine Arts Center; $224,794 for UTM athletics revenue; $144,498 for revenuegenerated from the new UTHSC (COMU) clinical research center, OB/GYN Center and theInternal Medical Center in Knoxville; and a $92,185 rise in UTHSC’s (MOSU) Dental Operatoryrevenues. Most of the $1,885,941 change in budgeted revenues from Other Sources is torecognize UTK‘s $1,300,000 share of the UT Battelle Management Fee. It also includesincreases in the Ag Experiment Station $552,004 HATCH Act and $38,515 McIntire-Stennisfederal appropriations programs.793
Page 1 and 2:
Finance and Administration Committe
Page 4 and 5:
Page 6 and 7:
Page 8 and 9:
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28:
Page 31 and 32:
Page 33:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47: Finance and Administration Committe
Page 95: Finance and Administration Committe
Page 141: Finance and Administration Committe
Page 144: ommittee - VII. Increasing the Univ
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227:
Page 231:
Page 234 and 235:
Page 236 and 237:
Page 239 and 240:
Page 241 and 242:
Page 243 and 244:
Page 245:
show all

Finance and Administration - Board of Trustees - The University of ...

Create successful ePaper yourself

Delete template?

Save as template?