A Primer on The University Budget Fiscal Year

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Presentation transcript:

A Primer on The University Budget Fiscal Year 2014-15

2014-2015 Budget Summary (Operating Budget) $ Millions Total Budget $2,658 Academic Core $1,349 Academic Enhancement $892 Self Supporting $417

2014-2015 Total University Sources (Operating Budget) $2,658 Million

The Permanent University Fund (PUF) PUF Lands (Leases) PUF Cash Investments (Return on Investment) Available University Fund (AUF) 2/3 UT System 1/3 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 14/15 $206M (recurring)

2014-2015 Total University Uses (Operating Budget) $2,658 Million

2014-2105 Academic Core Sources (Operating Budget) $ Millions Academic Core $1,349 State General Revenue $317 AUF* $206 R $32 NR $25 NR Tuition $596 Indirect Cost $84 Other** $89 *AUF includes annual payout (varies annually), $32M for FY 14-15 as a result of an increase in the payout rate that may not recur to FY 15-16, and the $25M allocation for the Medical School for FY 14-15 **Other includes Budgeted Balances, Intellectual Property Income, and Administrative Fee, etc.

2014-2015 Academic Core Uses (Operating Budget) $1,349 Million

2014-2015 Academic Core Salaries & Benefits (Operating Budget) $805 Million

2014-2015 Academic Enhancement Budget (Operating Budget) $ Millions Academic Enhancement $892 Contracts & Grants* $562 Gifts $221 Other $109 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 $84M is included in the Academic Core

2014-2015 Self Supporting Budget Auxiliary Enterprises (Operating Budget) $ Millions Self Supporting $417 Auxiliary Enterprises $304 Other $113 Auxiliary Enterprises include: Intercollegiate Athletics: $146M Housing & Food: $84M AT&T Exec. Ed & Conference Ctr. $26M 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.

Academic Core Budget

FY 2014-15 to FY 2018-19 Academic Core Projected Budget Sources $Millions ($ in millions) Budget 2014-15 Forecast 2015-16 Forecast 2016-17 Forecast 2017-18 Forecast 2018-19 State General Revenue (GR) 316.9 317.5 318.0 318.6 319.1 Flat Rate Tuition (net of Texas Tomorrow incl Environment Service Fee and Student Activity Center Fee) 582.7 580.8 580.0 579.8 579.5 Enrollment Differential 13.0 12.0 AUF System Estimate - Recurring 206.2 227.0 250.4 250.1 269.2 AUF – One-time Increase in Payout 32.0 0.0 AUF – Medical School 25.0 Indirect Cost 83.8 Other Revenue 64.8 64.0 Balances 24.9 6.6 Total Budget Sources 1,349.3 1,316.7 1,339.8 1,339.9 1,359.2 Have not edited

FY 2014-15 to FY 2018-19 Academic Core Projected Budget Forecast $ Millions ($ in millions) Budget 2014-15 Forecast 2015-16 Forecast 2016-17 Forecast 2017-18 Forecast 2018-19 Increase/(Decrease) over Prior Year: 71.3 (32.6) 23.1 0.1 19.3 Total Budget Sources 1,349.3 1,316.7 1,339.8 1,339.9 1,359.2 Total Status Quo Uses 1,278.0 1,306.1 1,317.1 1,314.0 Net Funds to Allocate 10.6 22.7 22.8 45.2 Less: Required Fringe, Financial Aid, and Facility Increases 20.6 31.5 43.1 72.7 86.3 50.7 (20.9) (20.4) (49.9) (41.1) Have not edited

2014-2015 Budget Academic Core Budget $ Millions 8

2014-2015 Budget Academic Core Budget $ Millions 8