2010-11 Operating Budget 2010-11 Budget Dollar Increase Percent Increase Total Budget$381,723,000$29,443,5008.4% Total E&G358,685,00028,256,7008.6% Unrestricted.

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Presentation transcript:

Operating Budget Budget Dollar Increase Percent Increase Total Budget$381,723,000$29,443,5008.4% Total E&G358,685,00028,256,7008.6% Unrestricted E&G270,898,10012,611,9004.9% Restricted E&G87,786,90015,644, % Total Auxiliary Enterprises23,038,0001,186,8005.4%

Revenue by Source

Operating Budget Total Budget$381,723,000 Less: Restricted Funds Grants & Contracts26,673,000 Student Financial Aid56,703,000 State Fiscal Stabilization Funds4,410,900 Self-generated Revenue40,915,300 Auxiliary Enterprises23,038,000 Designated State Funding Existing Debt Payment549,800 Academy for Math & Science2,657,600 Public Funds (State & Students)226,775,400 State Appropriation, Operating71,090, % of Budget Tuition & Fees155,685, % of Budget

Changes in State Appropriation FY Approved vs. FY House Bill 406, FY 2010$83,371,600 FY2010 Proposed Increase Eliminated(787,200) 2% Mandated Budget Reduction(1,612,500) Decrease in State Appropriation(5,416,100) Allocation of State Fiscal Stabilization Funds5,416,100 Transfer of Regional Stewardship Funds268,200 Decrease in State Fiscal Stabilization Funds(1,005,200) Replacement of State Fiscal Stabilization Funds1,005,200 Decrease in State Appropriation (1.4%)(1,123,100) Reduction in Debt Service, Existing Bonds(1,408,300) House Bill 1, FY 2011 (including SFSF)$78,708,700 Percent Change in Operating Funds(4.0%) Percent Change in Debt Service(71.9%)

How to Balance the Budget?

Revenue Sources for Unavoidable Cost and Commitment Allocations Tuition Increase (fall, spring)$5,999,000 Summer Tuition266,000 Doctoral Program, Education111,000 DELO2,026,000 Nonrecurring (Carry Forward) 407,000 Total$8,809,000

Unavoidable Cost and Commitment Allocations Total $8,809,000 Fixed Cost Increases $6,058,000 Other Commitments $2,751,000

Fixed Cost Increases Retirement Systems$1,305,000 Unemployment Compensation96,000 Library Books and Subscriptions Inflationary Adjustment149,000 Contractual Obligations (Including Property Insurance)381,000 Faculty Promotions303,000 Health Insurance (1/2 year of FY2010 Increase)260,000 FY2011 Health Insurance (1/2 year of FY2011)623,000 Campus Additions Maintenance/Utilities Costs1,310,000 Scholarships/Financial Aid1,511,000 Graduate Assistantships (resident tuition increase offset) 120,000 Total$6,058,000

Other Commitments ADA Web Sites Compliance Position$54,000 Technical Director for Van Meter Auditorium55,000 Restricted Tuition Programs (Technology, Health Svs, SGA/Programming)144,000 Parking & Transportation Revenue Allocated to P&T (Year 9 of 10)58,000 DELO Distribution (Online, Contracts, Dual Credit & Independent Learning)2,026,000 Education Leadership Doctoral Program111,000 Summer School 303,000 Total$2,751,000

Budgeted Expenditures Unrestricted E&G (in Millions)

Capital Budget  $101.3M in Authorized Projects  No New State Funded Projects  No Deferred Maintenance Matching Pool

Anticipated Projects to be Completed  College of Education Building  Knicely Center Addition  International Programs – Colonial Courts  Shuttle Buses – Federal Funds  Ivan Wilson Center/Music Hall

Determine that the thing can and shall be done, and then we shall find the way. --Abraham Lincoln