FY2011-12 Budget Documents  Executive Summary Recurring Reduction Implementation Plan  Narratives  Revenue Summary  Expenditure Summary by Organizational.

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Presentation transcript:

FY Budget Documents  Executive Summary Recurring Reduction Implementation Plan  Narratives  Revenue Summary  Expenditure Summary by Organizational Area  Capital Budget

FY Operating Budget BudgetDollar Increase Pct Increase Total Budget $385,047,000$3,324,0000.9% Total E&G 359,993,0001,308,0000.4% Unrestricted E&G 288,092,00017,193,9006.3% Restricted E&G 71,901,000(15,885,900)(18.1%) Total Auxiliary Enterprises 25,054,0002,016,0008.8%

FY Revenue by Source (in Millions)

Changes in State Appropriation FY Approved vs. FY FY 2011 State Appropriation$74,297,800 Add: Federal State Fiscal Stabilization Funds4,410,900 FY 2011 Total78,708,700 Increase in State Appropriation3,629,300 Reduction in Debt Service, Existing Bonds(549,800) Reduction in Federal State Fiscal Stabilization Funds(4,410,900) FY 2012 State Appropriation77,377,300 Percent Change in Operating Funds(1.0%)

Revenue Sources for Unavoidable Cost and Commitment Allocations Tuition Increase (fall, spring)$6,585,000 Summer Tuition382,000 DELO550,000 DELO Permanent Distribution to Colleges1,358,000 Total$8,875,000

Unavoidable Cost and Commitment Allocations Total $8,875,000 Personnel $5,803,000 Operating $3,072,000

Fixed Cost Increases Library Books and Subscriptions Inflationary Adjustment$128,000 Contractual Obligations202,000 Faculty Promotions251,000 Retirement Systems Rate Increases562,000 Life Insurance (increase benefit from $15,000 to $30,000)45,000 Faculty/Staff Health Insurance (fully fund FY 2011 increase)641,000 Maintenance and Operations/Utilities Costs1,242,000 Financial Aid/Faculty & Staff Tuition Assistance Benefit1,955,000 Total$5,026,000

Other Commitments Graduate Assistantships Tuition Rate Increase Offset$31,000 1% Salary Adjustment (including benefits)1,250,000 Restricted Tuition Programs (Technology, Health Svs, SGA/Programming)17,000 Parking & Transportation Revenue Allocated to P&T (Year 10 of 10)58,000 Honors College Staffing Plan149,000 Fellowship Support in Graduate Studies Office45,000 DELO Distribution (Online, Contracts, Dual Credit & Independent Learning)550,000 DELO Distribution (permanent funding for part-time faculty salaries)1,358,000 Summer School 391,000 Total$3,849,000

FY Budgeted Expenditures Unrestricted E&G (in Millions)

Capital Budget  $74.6M in authorized projects  Projects may be funded at less than legislatively authorized amount depending on availability of funds

Capital Budget (in Millions) Under Construction:Planned: Bowling Green Data Center$1.1Property/Campus Expansion$3.0 Greenhouse/Headhouse$1.7Capital Renewal Pool$10.0 Underground Electrical$3.2Fit-out of Leased Space (Block12)$4.2 Music Hall Ivan Wilson Center$9.1DUC Renovation$37.5 Parking Structure I$1.8Alumni Center (Block 12)$2.0 Install Bike Paths$1.0Total Capital Budget$74.6

“I have learned that success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome while trying to succeed.” -- Booker T. Washington African-American Leader and Educator ( )