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

2. 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

3. 2017 Budget Summary Total Revenue Budget
Adjusted*
Budget
Percent
REVENUES
FY 2017
FY 2016
Change
Education & General
$ ,732,766
$ ,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
$ ,254,023
$ ,650,471
TOTAL REVENUE BUDGET
$ 257,270,402
$ 257,041,953
0.1%
*Adjusted to reflect Fitness & Rec Debt Service

4. 2017 Budget Summary Total Revenue Budget
$212 Million

5. 2017 Budget Summary E&G Revenue Budget by Source
Percent
Education & General
FY 2017
FY 2016
Change
General Revenue Appropriations
Formula Funding
$ ,821,326
$ ,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
$ ,678,861
$ ,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
$ ,487,351
$ ,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
$ ,732,766
$ ,663,696
-1.1%

6. 2017 Budget Summary E&G Revenue by Type

7. 2017 Budget Summary Designated Revenue Budget by Source
Percent
Designated
FY 2017
FY 2016
Change
Designated Tuition
$ ,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
$ ,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
$ ,435,029
$ 63,243,965
3.5%

8. 2017 Budget Summary Auxiliary Revenue Budget by Source
Percent
Auxiliary
FY 2017
FY 2016
Change
Student Service Fees
$ ,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
$ ,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
$ ,139,915
$ 30,301,501
2.8%

9. 2017 Budget Summary Restricted Revenue Budget by Source
Percent
Restricted
FY 2017
FY 2016
Change
State, Federal, & Private Grants
$ ,160,746
$ ,369,215
Scholarships
6,139,066
6,486,434
Total Restricted Available Revenue
$ ,299,812
$ ,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
$ ,708,670
$ ,182,320
-1.4%

10. 2017 Budget Summary Plant Funds by Source
Percent
Plant Funds
FY 2017
FY 2016
Change
Renewals & Replacements
$ ,543,124
$ ,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
$ ,254,023
$ ,650,471
-3.0%

11. 2017 Budget Summary Total Expenditure Budget
EXPENSES
FY 2017
FY 2016
Education & General
$ ,732,766
$ ,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
$ ,254,023
$ ,650,471
TOTAL EXPENSE BUDGET
$ 257,270,403
$ 256,080,106
0.5%
*Adjusted to reflect Fitness & Rec Debt Service

12. 2017 Budget Summary Total Expenditure Budget

13. 2017 Budget Summary Total Expenditure Budget by Type

14. 2017 Budget Summary E&G Expenditure Budget
Percent
FY 2017
FY 2016
Change
Education & General
Faculty Salaries
$ ,886,221
$ ,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
$ ,732,766
$ ,663,696
-1.1%

15. 2017 Budget Summary Designated Expenditure Budget by Type
Percent
Designated
FY 2017
FY 2016
Change
Faculty Salaries
$ ,425,788
$ ,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
$ ,435,029
$ ,222,378
3.5%

16. 2017 Budget Summary E&G and Designated Budget by Type

17. 2017 Budget Summary E&G and Designated Budget by Function

18. 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
$ ,139,915
$ ,361,241
6.1%

19. 2017 Budget Summary Restricted Expenditure Budget by Type
Percent
Restricted
FY 2017
FY 2016
Change
Faculty Salaries
$ ,367,972
$ ,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
$ ,708,670
$ ,182,320
-1.4%

20. 2017 Budget Summary Plant Funds by Type
Percent
FY 2017
FY 2016
Change
Plant Funds
Renewals & Replacements
$ ,611,456
$ ,963,282
Debt Service
10,642,568
7,687,189
Total Plant Funds
$ ,254,023
$ ,650,471
-3.0%

21. 2017 Budget Summary Available University Fund Balances
Fund Type
Balance
E&G
$ ,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

22. Questions?