Texas Woman’s University Fiscal Year 2017 Budget Presented to the Board of Regents August 19, 2016

The Board of Regents is responsible for the approval of the annual operating budget within the limits of available revenue by September 1st each year. (General Appropriations Act, Article III-Education, Special Provisions Relating Only to State Agencies of Higher Education, Section 6. Expenditure Provisions, 1. Annual Operating Budgets Required) Budget Increases State Appropriated Funds Increases to the operating budget from any state appropriated funding source requires advance approval of the board. Grant Funds Grant funds are received by the University and presented to the Board for approval at its next regular board meeting. All Other Funds When it is in the best interest of the University and sustainable in the future, the following budget changes, of up to 5% of the specified fund group budget, may be approved by the Chancellor and reported to the board for confirmation at its next regular board meeting: Funds from available balances Income in excess of budget estimates

2017 Budget Summary Total Revenue Budget Adjusted* Budget Percent REVENUES FY 2017 FY 2016 Change Education & General $ 81,732,766 $ 82,663,696 Designated 65,435,029 63,243,965 Auxiliary 31,139,915 30,301,501 Restricted 33,708,670 34,182,320 Current Operating Revenues $ 212,016,379   $ 210,391,482 0.8% Plant Funds 45,254,023 46,650,471 Sub-Total Plant Funds $ 45,254,023 $ 46,650,471 TOTAL REVENUE BUDGET $ 257,270,402 $ 257,041,953 0.1% *Adjusted to reflect Fitness & Rec Debt Service

2017 Budget Summary Total Revenue Budget $212 Million

2017 Budget Summary E&G Revenue Budget by Source Percent Education & General FY 2017 FY 2016 Change General Revenue Appropriations Formula Funding $ 42,821,326 $ 42,693,700 Special Items 1,675,181 Tuition Revenue Bonds - Debt Service 7,118,149 4,175,994 Employee Benefits 14,217,647 13,660,493 Higher Education Fund (HEF) 14,846,558 9,897,706   Total General Revenue Appropriations $ 80,678,861 $ 72,103,074 11.9% Statutory Tuition 22,517,160 22,466,027 Music & Lab Fees 432,987 396,694 Clinic Fees 110,159 89,582 Other 216,338 199,363 E&G Fund Balance 531,846 3,187,465 Total E&G Available Revenue $ 104,487,351 $ 98,442,205 6.1% Less Transfer - TPEG (Tx Public Education Grants) (2,489,878) (2,513,809) Less Transfer - HEF to Plant Funds (13,146,558) (9,088,706) Less Transfer - TRB Debt Service (7,118,149) (4,175,994) Total E&G Net Revenue $ 81,732,766 $ 82,663,696 -1.1%

2017 Budget Summary E&G Revenue by Type

2017 Budget Summary Designated Revenue Budget by Source Percent Designated FY 2017 FY 2016 Change Designated Tuition $ 51,820,324 $ 48,394,951 Designated Tuition - Differential 4,425,952 4,366,810 Incidental Fees (Program & Inst Enhancement) 8,214,000 7,432,450 Student Fees - Other 17,895,280 17,197,795 Miscellaneous Income 214,551 182,697 Investment Income 1,200,632 1,400,000 Designated Fund Balance 1,069,475 2,567,742 Total Designated Available Revenue $ 84,840,214   $ 81,542,445 4.0% Less Transfer-Mandatory Scholarship Set-Asides (6,657,262) (7,013,152) Less Transfer-Debt Service (1,564,431) (1,563,844) Less Transfer-University Funded Scholarships (7,261,718) (5,799,710) Less Transfer-Student Union Bldg (3,921,774) Total Designated Net Revenue $ 65,435,029 $ 63,243,965 3.5%

2017 Budget Summary Auxiliary Revenue Budget by Source Percent Auxiliary FY 2017 FY 2016 Change Student Service Fees $ 7,898,897 $ 7,404,174 Medical Service Fees 1,640,000 1,690,065 Fitness & Rec Fees 2,495,853 2,546,699 Student ID Fees 597,560 471,006 Food Services 4,575,000 4,593,823 University Housing & Residence Life 9,893,645 9,251,986 Miscellaneous Services 5,029,809 5,149,098 Auxiliary Fund Balance 969,138 1,142,000   Total Auxiliary Available Revenue $ 33,099,902 $ 32,248,851 2.6% Less Transfer - Debt Service/Fitness & Rec (1,116,575) (1,105,238) Less Transfer-Debt Service/Lowry Woods (843,413) (842,113) Total Auxiliary Net Revenue $ 31,139,915 $ 30,301,501 2.8%

2017 Budget Summary Restricted Revenue Budget by Source Percent Restricted FY 2017 FY 2016 Change State, Federal, & Private Grants $ 11,160,746 $ 12,369,215 Scholarships 6,139,066 6,486,434   Total Restricted Available Revenue $ 17,299,812 $ 18,855,649 -8.3% Plus Transfer - Texas Public Education Grants 2,489,878 2,513,809 Plus Transfer - Mandatory Set Asides 6,657,262 7,013,152 Plus Transfer - University Funded Scholarships 7,261,718 5,799,710 Total Restricted Net Revenue $ 33,708,670 $ 34,182,320 -1.4%

2017 Budget Summary Plant Funds by Source Percent Plant Funds FY 2017 FY 2016 Change Renewals & Replacements $ 17,543,124 $ 25,952,802 Total Plant Funds Available   -32.4% Plus Transfer - HEF 13,146,558 9,088,706 Plus Transfer - Debt Service 10,642,568 7,687,189 Plus Transfer - Student Union Building 3,921,774 Total Plant Funds Budget $ 45,254,023 $ 46,650,471 -3.0%

2017 Budget Summary Total Expenditure Budget EXPENSES FY 2017 FY 2016 Education & General $ 81,732,766 $ 82,663,696 Designated 65,435,029 63,222,378 Auxiliary 31,139,915 29,361,241 Restricted 33,708,670 34,182,320 Current Operating Expenses $ 212,016,379   $ 209,429,635 1.2% Plant Funds 45,254,023 46,650,471 Sub-Total Plant Fund Expenses $ 45,254,023 $ 46,650,471 TOTAL EXPENSE BUDGET $ 257,270,403 $ 256,080,106 0.5% *Adjusted to reflect Fitness & Rec Debt Service

2017 Budget Summary Total Expenditure Budget

2017 Budget Summary Total Expenditure Budget by Type

2017 Budget Summary E&G Expenditure Budget Percent FY 2017 FY 2016 Change Education & General Faculty Salaries $ 39,886,221 $ 41,311,974 Staff Salaries 18,193,202 19,201,205 Wages 18,401 16,575 Employee Benefits 19,575,501 18,778,113 Total Compensation   77,673,325 79,307,867 -2.1% Maintenance & Operations 4,058,991 3,354,379 Travel 450 1,450 Total Education & General $ 81,732,766 $ 82,663,696 -1.1%

2017 Budget Summary Designated Expenditure Budget by Type Percent Designated FY 2017 FY 2016 Change Faculty Salaries $ 2,425,788 $ 1,567,772 Staff Salaries 19,697,708 15,800,861 Wages 1,845,402 1,842,382 Employee Benefits 6,687,905 5,385,353 Total Compensation   30,656,803 24,596,368 24.6% Maintenance & Operations 33,655,132 37,575,418 Travel 1,123,094 1,050,592 Total Designated $ 65,435,029 $ 63,222,378 3.5%

2017 Budget Summary E&G and Designated Budget by Type

2017 Budget Summary E&G and Designated Budget by Function

2017 Budget Summary Auxiliary Expenditure Budget by Type Percent Auxiliaries FY 2017 FY 2016 Change Faculty Salaries $ - Staff Salaries 8,614,088 8,267,042 Wages 1,851,127 1,854,141 Employee Benefits 3,334,728 3,044,677 Total Compensation   13,799,943 13,165,860 4.8% Maintenance & Operations 17,003,219 15,930,978 Travel 336,753 264,403 Total Auxiliaries $ 31,139,915 $ 29,361,241 6.1%

2017 Budget Summary Restricted Expenditure Budget by Type Percent Restricted FY 2017 FY 2016 Change Faculty Salaries $ 1,367,972 $ 2,257,588 Staff Salaries 469,622 640,469 Wages 429,486 395,834 Employee Benefits 751,205 790,634 Total Compensation   3,018,284 4,084,525 -26.1% Maintenance & Operations 6,997,172 6,843,558 Travel 322,238 269,512 Student Support-Other 823,052 1,171,619 Student Support-Scholarships 22,547,924 21,813,105 Total Restricted $ 33,708,670 $ 34,182,320 -1.4%

2017 Budget Summary Plant Funds by Type Percent FY 2017 FY 2016 Change Plant Funds Renewals & Replacements $ 34,611,456 $ 38,963,282 Debt Service 10,642,568 7,687,189 Total Plant Funds   $ 45,254,023 $ 46,650,471 -3.0%

2017 Budget Summary Available University Fund Balances Fund Type   Balance E&G $ 10,616,990 HEF 39,029,978 Designated Tuition 70,330,301 Designated-Investment Income 2,248,939 Auxiliaries 14,608,130 Restricted-Investment Income 2,590,004 Unexpended Plant 7,198,001 Renewals & Replacements 1,451,364 Total Available $ 148,073,707

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