AUBURN UNIVERSITY FY12 Budget Presented to the Faculty October 25, 2011.

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Presentation transcript:

AUBURN UNIVERSITY FY12 Budget Presented to the Faculty October 25, 2011

Overview FY12 Budget Overview State Appropriations Recent Appropriations Budget Reductions Stimulus Funding (SFSF) FY12 Budget Detail Outlook

Auburn University FY12 Total Budget - $969.4M By Fund

FY12 Total Budget - $969.4M By Division

Main Campus FY12 Total Budget - $779.7M

Main Campus FY12 Total Unrestricted Budget-$556 M By Revenue Source

Main Campus FY12 Total Unrestricted Budget-$556 M By Expenditures

STATE APPROPRIATIONS

State Appropriations by Division (amounts in millions) FY11 Budget FY12 BudgetInc/(Dec) AU $156.5$161.3$ 4.8 AUM 23.5$ 22.9$ (0.6) AAES 31.0$ 31.2$ 0.2 ACES 32.0$ 32.5$ 0.5 $243.0$247.9$ 4.9

State Appropriations by Division (amounts in millions) FY08 Actual FY12 Budget Decrease since FY08 AU $220.0$161.3$ 58.7 AUM 30.9$ 22.9$ 8.0 AAES 41.2$ 31.2$ 10.0 ACES 44.6$ 32.5$ 12.1 $336.7$247.9$ 88.8

State Appropriations by Division Amounts in Millions FY08 Actual FY12 Budget Permanent Decrease FY08-12 One Time Proration Cumulative Effect for FY AU$220.0$161.3$ 58.7$ 41.8$ AUM $ AAES $ ACES $ $336.7$247.9$ 88.8$ 64.3$ 365.9

Tuition and State Appropriations to Total Unrestricted Operating Budget – AU Main Campus 46.4% 43.4 % 45.1% 44.1% 50.8% 35.1% 55.3% 31.3% 60.2% 29.0%

Base Budget Reductions-Main Campus FY09 2% FY10 3.5%/4.5% FY10 1.5% FY11 1.5% One-time$5,822,397$10,835,394$4,503,992$4,532,424 FY10 2.5%/3.5% FY11 3.5/4.5% Permanent$8,547,344$10,835,394

Main Campus Stimulus Funding Amounts in Millions - $33.8M

FY12 BUDGET DETAIL

Main Campus Cost Commitments Scholarships Salary increases 3% pool permanent 2% pool one-time Merit promotions Increase in debt payments Building costs/utilities Other Provost/academic needs Public safety Library SACS accreditation (QEP) Outreach

Main Campus Budget Allocations Total - $44.5M Scholarships -$22M Salary increases -$9.8M 3% pool permanent 2% pool one-time Merit promotions Increase in debt-$3.2M payments Building costs/utilities- $2.2M Other - $7.3M Provost/academic needs Public safety Library SACS accreditation (QEP) Outreach

Main Campus Significant Funding Sources Continuing sources Increase in FY 12 State Appropriations Continuing tuition increase Continuing budget savings from fringe rate decrease One-time Main Campus Proration fee Budget reallocations (deferred maintenance, proration reserve)

Main Campus Significant Funding Sources - $44.5M Continuing sources Increase in FY 12 State Appropriations - $4.8M Continuing tuition increase - $2M Continuing budget savings from fringe rate decrease - $13.7M One-time Main Campus Proration fee - $10.3M Budget reallocations (deferred maintenance, proration reserve, other) - $13.7M

Summary and Outlook The FY12 budget was prepared without stimulus dollars, with minimal new tuition dollars, and with salary improvement. State funding outlook is not optimistic Net growth in the SETF in FY11 – 1.03% Impact of rolling reserve Scholarship changes will take 3-4 years to positively impact tuition revenues