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

Finance and Administration Committee - VI. FY 2012 Revised Operating Budget - ActionFY2012 REVISED BUDGETUnrestricted E&G Expenditures4The Revised FY 2012 budget for unrestricted E&G expenditures and transfers is $1,108.6million, a $59.0 million, or 5.6 percent increase from the Original FY 2012 budget. The increaseis funded by revenue adjustments ($7.2 million) and non-recurring funds carried forward fromFY2010 and FY2011 ($51.7 million). While this is a significant increase over original budget, itis $34.0 million (3.0%) less than actual FY 2011 expenditures and transfers. Base budgets forrecurring transfers and expenditures increased by only $3.5 million (0.3%).Most of the carry-overs are budgeted for one-time uses such as faculty start-ups andimprovements to campus infrastructure. Examples include equipment replacement, repairs andmaintenance, wireless internet upgrades, bridge funding for research operations, adjunct faculty,electronic medical records systems, energy conservation projects, lab upgrades, and graduatestudent fee waivers. UTHSC earmarked over $2.0 million for its Strategic Investment Fund.UTM allocated $1.0 million to renovations in its Fine Arts Building and $700,000 to implementa Constituent Relationship Management System. UTC allocated over $1.3 million for badlyneeded campus repairs and maintenance. UTK carry-overs helped fund increases for researchincentive funds (RIF and SARIF) ($5.3 million), faculty start-ups ($5.6 million), match funding($2.3 million), research centers and joint institutes ($2.0 million), and strategic planninginitiatives ($1.0 million). UTIA non-recurring increases include funding for faculty start ups,research bridge funding, research incentives, faculty innovation grants and research equipmentawards.The functional distribution of these funds is shown in the table and chart below.Unrestricted E&G Expenditures By Functional Category(in millions)FY 2012OriginalFY 2012RevisedChangeAmountChange%Functional CategoryInstruction $ 462.7 $ 470.0 $ 7.3 1.6%Research 65.8 92.1 26.3 40.0%Public Service 66.8 77.1 10.3 15.4%Academic Support 109.3 117.5 8.2 7.5%Student Services 73.0 77.0 4.0 5.4%Institutional Support 115.6 125.7 10.1 8.8%Operations and Maintenance of Plant 110.6 120.0 9.4 8.5%Scholarships and Fellowships 65.8 68.3 2.5 3.8%Sub‐Total E&G Expenditures $ 1,069.6 $ 1,147.7 $ 78.1 7.3%Transfers (20.0) (39.1) (19.1) 95.5%Total Transfers and E&G Expenditures $ 1,049.6 $ 1,108.6 $ 59.0 5.6%Amounts are in millions and may not add due to rounding894