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Agenda Item # 1 8/19/2009 2Budget, Finance & Audit Committee.

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Presentation on theme: "Agenda Item # 1 8/19/2009 2Budget, Finance & Audit Committee."— Presentation transcript:

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2 Agenda Item # 1 8/19/2009 2Budget, Finance & Audit Committee

3 Approval of Annual Operating Budget 8/19/2009 3Budget, Finance & Audit Committee

4 FY 2010 Total Operating Budget 8/19/2009 4Budget, Finance & Audit Committee Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 791,755,527 $ 753,773,815 $ (37,981,712)-4.8% ARRA - 53,542,030 N/A Self-Generated Funds & 2,217,877,225 2,338,310, ,433,2745.4% Non-IHL Funds (MCVS & MS Press) Self-Generated 9,165,564 31,218,309 22,052, % Total Revenue Budget $ 3,018,798,316 $3,176,844,653 $ 158,046,3375.2%

5 FY 2010 E&G Operating Budget Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 395,519,857 $ 362,978,056 $ (32,541,801)-8.2% ARRA - 31,450,554 N/A Self-Generated Funds 465,800, ,256,7803,456,1760.7% Total Revenue Budget $ 861,320,461 $ 863,685,390 $ 2,364,9290.3% 8/19/ Budget, Finance & Audit Committee

6 FY 2010 E&G Budget By Revenue Source Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 395,519,857 $ 362,978,056 $ (32,541,801)-8.2% ARRA - 31,450,554 N/A Tuition 401,923, ,149,304 13,225,7233.3% Unrestricted Grants & Contracts & Federal Appropriations 14,462,257 14,475,314 13,0570.1% Sales & Services 10,094,709 10,202, ,5601.1% Other 39,320,057 29,429,893 (9,890,164)-25.2% Total Revenue Budget $ 861,320,461 $ 863,685,390 $ 2,364,9290.3% Note: Includes $2 million in Board Initiatives 8/19/ Budget, Finance & Audit Committee

7 FY 2010 E&G Budget By Function FunctionFY 2009FY 2010$ Change% Change Instruction $ 381,288,832 $ 385,353,748 $ 4,064,9161.1% Internal Research 21,919,049 21,941,086 22,0370.1% Public Service 5,294,658 4,756,972 (537,686)-10.2% Academic Support 89,256,724 88,369,831 (886,893)-1.0% Student Services 62,478,746 57,173,037 (5,305,709)-8.5% Institutional Support 108,577, ,112,895 (1,465,009)-1.3% Operation & Maintenance 104,161, ,964,905 2,803,1812.7% Scholarships 79,759,587 83,165,581 3,405,9944.3% Transfers 6,583,236 5,847,335 (735,901)-11.2% Increases in Fund Balance - 1,000,000 N/A Total $ 859,320,460 $ 861,685,390 $ 2,364,9300.3% Note: Does not include $2 million in Board Initiatives 8/19/ Budget, Finance & Audit Committee

8 FY 2010 E&G Budget by Expense Category Expense CategoryFY 2009FY 2010$ Change% Change Salaries $ 407,010,596 $ 409,684,223 $ 2,673,6270.7% Wages 39,808,696 39,152,834 (655,862)-1.6% Fringes 145,633, ,017,293 10,383,5607.1% Travel 10,048,401 8,320,022 (1,728,379)-17.2% Contractual Services 198,083, ,122,374 (5,961,068)-3.0% Commodities 21,933,587 21,044,950 (888,637)-4.1% Capital Outlay - non Equipment 9,315,859 8,832,625 (483,234)-5.2% Capital Outlay - Equipment 10,056,990 8,681,685 (1,375,305)-13.7% Transfers 17,429,156 16,829,384 (599,772)-3.4% Increases in Fund Balance - 1,000,000 N/A Total $ 859,320,460 $ 861,685,390 $ 2,364,9300.3% Note: Does not include $2 million in Board Initiatives 8/19/ Budget, Finance & Audit Committee

9 FY 2010 University of Mississippi Medical Center Budget Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 229,936,572 $ 221,428,365 $ (8,508,207)-3.7% ARRA - 20,411,172 N/A Self-Generated Funds 766,845, ,275,15687,429, % Total Revenue Budget $ 996,782,531 $1,096,114,693 $ 99,332, % 8/19/2009 9Budget, Finance & Audit Committee

10 FY 2010 Agriculture Budget FY 2009 ASU - Ag MSU - MAFES MSU - Coop Ext MSU - Forest & Wildlife MSU - Vet School State Appropriations $ 4,779,607 $ 23,716,974 $ 29,410,885 $ 6,128,754 $ 17,173,262 ARRA Self-Generated - 5,779,670 14,250, ,650 11,765,800 Total Budget $ 4,779,607 $ 29,496,644 $ 43,661,399 $ 7,014,404 $ 28,939,062 FY 2010 ASU - Ag MSU - MAFES MSU - Coop Ext MSU - Forest & Wildlife MSU - Vet School State Appropriations $ 5,607,118 $ 23,740,111 $ 29,454,127 $ 6,135,116 $ 15,519,244 ARRA ,680,304 Self-Generated - 6,411,854 14,272, ,650 12,565,800 Total Budget $ 5,607,118 $ 30,151,965 $ 43,726,580 $ 7,020,766 $ 29,765,348 Change ASU - Ag MSU - MAFES MSU - Coop Ext MSU - Forest & Wildlife MSU - Vet School State Appropriations $ 827,511 $ 23,137 $ 43,242 $ 6,362 $ (1,654,018) ARRA ,680,304 Self-Generated - 632,184 21, ,000 Total Budget $ 827,511 $ 655,321 $ 65,181 $ 6,362 $ 826,286 8/19/ Budget, Finance & Audit Committee

11 FY 2010 Institutes & Centers Budget 8/19/ Budget, Finance & Audit Committee Institutes and CentersFY 2009FY 2010$ Change% Change Jackson State University $ 535,659 $ 536,212 $ % Mississippi State University 7,427,382 7,434,561 7,1790.1% University of Mississippi 7,205,986 7,213,850 7,8640.1% University of Southern Mississippi 7,024,078 6,992,956 (31,122)-0.4% Executive Office 9,459,109 10,242, ,1808.3% Board Initiatives 2,000,000 2,050,000 50,0002.5% Total Institutes & Centers $ 33,652,214 $ 34,469,868 $ 817,6542.4% Special Funds SF - MSU 1,453,422 1,454,761 1,3390.1% SF - UM 1,581,976 1,582, % Total Special Funds $ 3,035,398 $ 3,037,593 $ 2,1950.1% Total $ 36,687,612 $ 37,507,461 $ 819,8492.2%

12 FY 2010 STATE Student Financial Aid Budget Revenue SourcesFY 2009FY 2010$ Change% Change State Appropriations $ 30,377,373 $ 31,871,113 $ 1,493,7404.9% Self-Generated Funds 253, ,743 91, % Total Revenue Budget $ 30,631,151 $ 32,216,856 $ 1,585,7055.2% 8/19/ Budget, Finance & Audit Committee

13 FY 2010 Auxiliary Budget Expense Category Expense CategoryFY 2009FY 2010$ Change% Change Salaries $ 34,311,389 $ 35,620,251 $ 1,308,8623.8% Wages 13,381,902 13,249,972 (131,930)-1.0% Fringes 13,333,138 13,602, ,6532.0% Travel 6,073,065 5,931,312 (141,753)-2.3% Contractual Services 63,783,216 63,599,659 (183,557)-0.3% Commodities 36,541,600 36,310,516 (231,084)-0.6% Capital Outlay - non Equipment 205, ,700 (98,300)-48.0% Capital Outlay - Equipment 2,845,105 2,160,220 (684,885)-24.1% Transfers 29,181,245 35,617,245 6,436, % Increases in Fund Balance - - -N/A Total $ 199,655,660 $ 206,198,666 $ 6,543,0063.3% NOTE: MSU Athletics are not included 8/19/ Budget, Finance & Audit Committee

14 FY 2010 Restricted Budgets Restricted FundsFY 2009FY 2010$ Change% Change ASU $ 27,668,320 $ 26,722,395 $ (945,925)-3.4% DSU 12,778,577 14,189,559 1,410, % JSU 60,302,241 69,940,581 9,638, % MSU 317,918, ,612,688 (8,305,578)-2.6% MUW 12,272,113 14,033,902 1,761, % MVSU 21,578,880 21,887, ,1411.4% UM 161,294, ,860,309 (3,434,189)-2.1% USM 133,635, ,335,644 16,699, % Ayers 25,700,000 25,950, ,0001.0% Total $ 773,148,548 $ 790,532,099 $ 17,383,5512.2% 8/19/ Budget, Finance & Audit Committee

15 FY 2010 Scholarship Budget 8/19/ Budget, Finance & Audit Committee Revenue SourcesFY 2009FY 2010Change Institutions#$#$#$ ASU 857 $ 5,109,437 1,082 $ 5,386, $ 276,566 DSU 1,400 3,526,380 1,400 3,488,880 - (37,500) JSU 1,995 8,833,413 1,995 8,833, MSU 4,815 23,000,617 4,815 25,277, ,277,373 MUW 1,075 2,842,140 1,098 2,918, ,228 MVSU 685 3,305, ,479, ,248 UM 8,508 15,237,890 8,550 15,319, ,000 USM 4,770 14,939,376 4,900 15,259, ,347 UMMC , , ,294 Unallocated# 2,838,610 # 3,036,048 # 197,438 Total Revenue Budget 24,147 $ 79,759,587 24,571 $ 83,165, $ 3,405,994

16 FY 2010 Athletic Budget AthleticsFY 2009FY 2010$ Change% Change ASU $ 4,486,718 $ 5,321,742 $ 835, % DSU 2,780,684 2,817,129 36,4451.3% JSU 6,551,000 6,580,000 29,0000.4% MSU 31,800,466 35,922,412 4,121, % MUW N/A MVSU 3,083,007 3,169,656 86,6492.8% UM 38,170,785 40,129,182 1,958,3975.1% USM 19,085,801 19,300, ,7471.1% Total $ 105,958,461 $ 113,240,669 $ 7,282,2086.9% 8/19/ Budget, Finance & Audit Committee

17 FY 2010 Ayers Budget Alcorn State University ASUFY 2009FY 2010$ Change% Change Masters of Business Administration $ 1,579,308 $ 1,572,051 $ (7,257)-0.5% Image Building & Recruitment 133, , , % Science, Math, Chemistry & Pre- Prof Programs 701, ,177 (287,438)-41.0% Masters of Biotechnology 56, , , % Computer Networking & Science 461, ,530 (72,736)-15.8% Nursing 392, , % Family Clinic Program 128, ,559 3,0282.4% Teacher Education 636, ,559 (18,800)-3.0% Ayers Library 88, ,700 15, % Ayers Technology 173,039 83,387 (89,652)-51.8% $ 4,350,000 $ -0.0% Ayers Endowment Interest $ 354,806 $ -0.0% 8/19/ Budget, Finance & Audit Committee

18 FY 2010 Ayers Budget Jackson State University JSUFY 2009FY 2010$ Change% Change Urban & Regional Planning $ 701,299 $ 692,262 $ (9,037)-1.3% Business Ph.D. 839, , % Social Work 750, ,512 (10)0.0% Health Policy & Management 580, , % Communicative Disorders 675, ,146 (56,495)-8.4% Behavioral & Environmental Health 506, ,030 (4,999)-1.0% Epidemiology & Biostatistics 602, ,750 5,0010.8% Engineering 493, ,205 19,8254.0% Civil & Environmental Engineering 687, ,350 2,0010.3% Computer & Telecommunications Engineering 1,026, ,746 (133,302)-13.0% Urban Higher Education Ph.D. 425, ,366 77, % Public Service 1,369, % Health Sciences 461, ,562 (3,999)-0.9% Teacher Education 658, , % Library & Scholarships 1,722,059 1,825, ,4776.0% Total $ 11,500, % Ayers Endowment Interest $ 695,242 $ 720,783 $ 25,5413.7% 8/19/ Budget, Finance & Audit Committee

19 MVSUFY 2009FY 2010$ Change% Change Computer & Information Science $ 583,065 $ 582,816 $ (249)0.0% History 168, ,433 2,1811.3% Special Education 261, ,680 (117,451)-45.0% Mathematics 538, ,028 (291)-0.1% Chemistry 370, ,370 1,3100.4% Graduate Special Education 105, ,547 (796)-0.8% Masters of Business Administration 684, ,727 (10,691)-1.6% Bioinformatics 341, ,034 (5,448)-1.6% Educational Leadership 122, , % Institute for Effective Teaching 154, ,834 (930)-0.6% Greenwood Ayers Operation 87,481 87,170 (311)-0.4% Distinguished Visiting Professor 49,448 49, % Other Race Recruitment 289, , , % Biology 593, , % Total $ 4,350, % Ayers Endowment Interest $ 467,332 $ 470,003 $ 2,6710.6% FY 2010 Ayers Budget Mississippi Valley State University 8/19/ Budget, Finance & Audit Committee

20 Ayers SummaryFY 2009FY 2010$ Change% Change State Appropriation Alcorn State University $ 4,350,000 $ -0.0% Jackson State University 11,500, % Mississippi Valley State University 4,350, % Total $ 20,200,000 $ -0.0% Interest Budget Alcorn State University $ 354,806 $ -0.0% Jackson State University 695, ,783 25,5413.7% Mississippi Valley State University 467, ,003 2,6710.6% Total $ 1,517,380 $ 1,545,592 $ 28,2121.9% FY 2010 Ayers Budget Summary Information 8/19/ Budget, Finance & Audit Committee

21 Recommendation Staff recommends approval of the FY 2010 Operating Budget 8/19/ Budget, Finance & Audit Committee

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