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A Primer on The University Budget Fiscal Year 2013-14.

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Presentation on theme: "A Primer on The University Budget Fiscal Year 2013-14."— Presentation transcript:

1 A Primer on The University Budget Fiscal Year

2 Budget Summary (Operating Budget) $ Millions Academic Enhancement $809 Total Budget $2,482 Self Supporting $395 Academic Core $1,278

3 Total University Sources (Operating Budget) $2,482 Million

4 The Permanent University Fund (PUF) PUF Lands Available University Fund (AUF) 2/3 UT System1/3 A&M System System Costs PUF Bonds UT Austin UT Austin receives about 30% of the total AUF income from the PUF UT Austin FY 12/13 $176 M (recurring) PUF Cash Investments (Leases)

5 Total University Uses (Operating Budget) $2,482 Million

6 Academic Core Sources (Operating Budget) $ Millions State General Revenue $316 Tuition $594 Academic Core $1,278 Other** $75 Indirect Cost $74 AUF* $176 R $19 NR $7 NR $17 NR *AUF includes annual payout (varies annually), $19M for FY as a result of an increase in the payout rate that may not recur to FY 14-15, $7M in lieu of resident undergraduate tuition increases for FY and FY It also includes $17M of the $25M allocation for the Medical School for FY 13-14; the remaining $8M was received in FY (the minimum $25M annual allocation will be reviewed in FY 23-24). **Other includes Budgeted Balances, Intellectual Property Income, and Administrative Fee, etc.

7 Academic Core Uses (Operating Budget) $1,278 Million

8 Academic Core Salaries & Benefits (Operating Budget) $778 Million

9 Academic Enhancement Budget (Operating Budget) $ Millions Contracts & Grants* $498 Gifts $214 Other includes budgeted balances, Library Resource Sharing Project, and income collected for specific academic purposes (Executive MBA, Field Trips, Orientation, Application, & Library fees, etc.) *Indirect Cost of $74M is included in the Academic Core Academic Enhancement $809 Other $97

10 Self Supporting Budget (Operating Budget) $ Millions Other $106 Auxiliary Enterprises include: Intercollegiate Athletics:$138M Housing & Food: $81M AT&T Exec. Ed & Conference Ctr. $25M Erwin Center: $23M Parking & Transportation: $18M Other include: Continuing Education, Performing Arts Center, UIL, KUT, McDonald Observatory, Option III programs, Dana Center, LBJ Wildflower Center, etc. Self Supporting $395 Auxiliary Enterprises $289

11 Academic Core Budget

12 FY to FY Academic Core Projected Budget Sources $Millions ($ in millions) Budget Forecast Forecast Forecast Forecast Forecast State General Revenue (GR) Flat Rate Tuition (net of Texas Tomorrow incl Environement Service Fee and Student Activity Center Fee) Enrollment Differential AUF System Estimate - Recurring AUF – One-time Increase in Payout AUF - In Lieu of Tuition Increases AUF – Medical School Indirect Cost 73.6 Other Revenue 55.1 Balances Total Budget Sources 1,278.01,269.71,285.41,302.01,319.81,339.2

13 FY to FY Academic Core Projected Budget Forecast $ Millions ($ in millions) Budget Forecast Forecast Forecast Forecast Forecast Increase/(Decrease) over Prior Year:46.6(8.3) Total Budget Sources1,278.01,269.71,285.41,302.01,319.81,339.2 Total Status Quo Uses1,231.41, ,239.7 Net Funds to Allocate Less: Required Fringe, Financial Aid, and Facility Increases Net Funds to Allocate10.0(16.7)(9.3)(10.9)(2.5)6.9

14 Budget Academic Core Budget $ Millions

15 Budget Academic Core Budget $ Millions


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