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Florida Atlantic University
2006-2007
Operating BudgetCapital Outlay Budget
Presentation to the FAU Board of Trustees
June 28, 2006
2006-2007
Operating Budget
3
FLORIDA ATLANTIC UNIVERSITY2006-07 OPERATING BUDGET
EXECUTIVE SUMMARY
Florida Atlantic University’s Operating Budget is comprised of seven different budgetary components: Educational and General; Student Financial Aid; Contracts and Grants; Auxiliary Enterprises; Athletics; Student Government; and Concessions. Within the budgetary process, various budgeting methods and techniques are carefully integrated to ensure effective best practices, ensuring that allocation decisions are directly tied to the University’s strategic goals and objectives in a value-maximizing framework. All proposed expenditures are evaluated at multiple levels within the organization, beginning with departmental units and continuing through the President’s Executive Committee, Board of Trustees Committees, and finally the Board of Trustees where the operating budget is formally approved and adopted.
Florida Atlantic University’s 2006-07 Initial Operating Budget totals $493,176,353, an increase of 6.5 percent over the prior year. In order to more accurately reflect total revenues within each budgetary component, the 2006-07 Budget reflects transfers between units.
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FLORIDA ATLANTIC UNIVERSITY2006-07 OPERATING BUDGET
EXECUTIVE SUMMARY
Educational and General Budget: The Educational and General Budget supports the academic mission of the university through expenditures for instruction, research, library and learning resources, student services, university support, and physical plant. The Educational and General Budget totals $236,885,648 in estimated expenditures and reflects an increase of 11.5 percent over the previous year. This budget increase is primarily attributed to enrollment growth funding for new students, a three percent tuition increase for in-state undergraduate students, the cost to continue prior budgetary appropriations, the expansion of the University of Miami/Florida Atlantic University Medical Partnership Program, program expansion at the St. Lucie campus, and Challenge Grant funding.
Student Financial Aid: The Student Financial Aid Budget is comprised of funding from student financial aid fees as well as financial aid support from all sources such as federal and state financial aid awards, institutional programs, and private scholarships that are subsequently disbursed to students. The Student Financial Aid Budget totals $122,803,303 in projected expenditures, an increase of 2.7 percent over the prior year.
5
FLORIDA ATLANTIC UNIVERSITY2006-07 OPERATING BUDGET
EXECUTIVE SUMMARY
Contracts and Grants: The Contracts and Grants Budget is comprised of funding from many sources, including federal, state and local governmental agencies and private organizations. Also included are the A. D. Henderson University School and the FAU Foundation Payroll Clearing Fund. The Contracts and Grants Budget totals $59,163,175 in projected expenditures, an increase of 1.6 percent over the prior year.
Auxiliary Enterprises: The Auxiliary Enterprises Budget is comprised of over a hundred different business and enterprise operations that are self supporting through user fees, payments, and charges. The range of business operations includes large auxiliaries such as food service, traffic and parking, and housing and small operations such as the Department of Ocean Engineering Research Boat and the College of Science Machine Shop. The Auxiliary Enterprises Budget totals $55,006,528 in projected expenditures, an increase of 1.3 percent over the prior year.
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FLORIDA ATLANTIC UNIVERSITY2006-07 OPERATING BUDGET
EXECUTIVE SUMMARY
Athletics: The Athletics Budget is comprised of funding from student athletic fees, ticket sales to athletic events, game guarantees, corporate sponsorships, National Collegiate Athletic Association distributions and private support and gifts. The Athletics Budget totals $12,067,000 in projected expenditures, an increase of 9.7 percent over the prior year.
Student Government: The Student Government Budget is comprised of funding from the activity and service fee paid by students and well as other types of club and program income. The Student Government Budget totals $6,678,124 in projected expenditures, a slight decrease over the prior year.
Concessions: The Concessions Budget is comprised of funding derived from concessions operations such as soft drink and snack vending machines. The Concessions Budget totals $572,575 in projected expenditures, an amount equal to the prior year.
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FLORIDA ATLANTIC UNIVERSITY2006-07 OPERATING BUDGET
EXECUTIVE SUMMARY
EXPENDITURE BUDGET
2005-06
Original
2006-07
Proposed
Percentage
Change
Educational & General $212,432,849 $236,885,648 11.5%
Student Financial Aid $119,553,276 $122,803,303 2.7%
Contracts & Grants $58,258,912 $59,163,175 1.6%
Auxiliary Enterprises $54,318,913 $55,006,528 1.3%
Athletics $10,993,300 $12,067,000 9.7%
Student Government $6,715,000 $6,678,124 0
Concessions $572,575 $572,575 0
TOTAL $462,844,825 $493,176,353 6.5%
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Florida Atlantic University2006-07 Expenditure Operating Budget - $493,176,353
EDUCATIONAL & GENERAL$236,885,648
48.03%
CONCESSION$572,575
.12%
STUDENT GOVERNMENT
$6,678,124 1.35%
AUXILIARY$55,006,528
11.15%
ATHLETICS $12,067,000
2.45%
GRANTS$59,163,175
12.0%
STUDENT FINANCIAL AID
$122,803,303 24.90%
9
Educational & General
Budget
10
Florida Atlantic University2006-07 Educational & General
Expenditure Budget by Component- $236,885,648
Instructional & Research$152,426,480
64.35%
University Support $28,507,585
12.03%
Student Services$20,583,240
8.69%
Physical Plant$21,241,048
8.97%
Library / Learning Resources
$14,127,2955.96%
11
Florida Atlantic University2006-2007 Educational and General
Comparison of Expenditure Budget by Component
Component2005-06Budget
2005-06 Percentage
of Total2006-07Budget
2006-07 Percentage
of TotalDollar
IncreasePercentage
Increase
Instruction and Research
$133,443,693 62.8% $152,426,480 64.3% $18,982,787 14.2%
University Support $27,185,653 12.8% $28,507,585 12.0% $1,321,931 4.9%
Student Services $20,010,648 9.4% $20,583,240 8.7% $572,592 2.9%
Physical Plant $18,380,295 8.7% $21,241,048 9.0% $2,860,753 15.6%
Library/Learning Resource
$13,412,560 6.3% $14,127,295 6.0% $714,735 5.3%
Total $212,432,849 100.0% $236,885,648 100.00% $24,452,799 11.5%
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Florida Atlantic University2006-07 Educational & General - Instructional and Research
Expenditure Budget by College and Academic Areas - $152,426,498
EDUCATION$16,275,305
10.68%
BUSINESS$23,182,242
15.21%
ARTS & LETTERS$22,370,005
14.68%
CAUPA$8,694,696
5.70%
ENGINEERING$14,392,456
9.44%
HONORS$3,792,520
2.49%
SCIENCE$22,605,103
14.83%
NURSING$4,943,941
3.24%BIOMEDICAL$11,704,613
7.68% ACADEMIC PROGRAMS/CNTRS
$18,937,02912.42%
ACADEMIC COMPUTING$5,287,588
3.63%
Florida Atlantic University2006-2007 Operating Budget
Educational and General 2005-2006 E & G Operating Expenditure Budget – Approved by BOT June 2005 $212,432,849
Board Of Governors Adjustments
Casualty Insurance of ($263,767), Health Insurance of $521,158, and August 1, 2005 Salary
Increase of $4,707,150.
$4,964,541
2005-2006 E & G Operating Expenditure Budget approved by BOG 217,397,390
Appropriations/Adjustments 2006-2007 Legislative Cost to Continue (Insurance, PO & M, and Salary Increases) Legislative Tuition Increase: 3% Undergraduate In-State Legislative Tuition Increase: 3% Graduate and Out-of-State Legislative Tuition Increase: 3% Graduate and Out of State Reserve Authority Salary Increase (3% October 1, 2006) New Space – Plant Operations/Maintenance UM/FAU Medical Partnership Program (Non-recurring) Enrollment Growth – 419 FTE Change in Student Mix (General Revenue) Change in Student Mix (Student Fees) Change in Student Mix (General Revenue) Reserve Authority Utility Rate Increase Hurricane Recovery (Non-recurring) Florida Israel Institute (Non-recurring) St. Lucie Campus Expansion Center for Disaster and Emergency Care (Non-recurring) Targeted Degrees – Nursing Graduate, 15 FTE Challenge Grant Program - Foundation
1,091,120
996,000
1,203,198
(1,203,198)
TBA
661,791
5,000,000
3,988,432
2,407,391
(1,383,557)
(1,023,834)
2,087,278
0
200,000
2,208,100
750,000
507,500
1,998,037
2006-2007 E & G Legislatively Appropriated Revenue Funds $236,885,648
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New Issue
Cost to Continue $1,091,120
Last year, the Legislature provided partial funding to support increases in health insurance premiums, plant operations and maintenance, and salary increases. This year the Legislature provided the additional funds of $521,158 for health insurance premiums, $142,039 for plant operations and maintenance for new space, and $427,923 for salary increases.
The cost to continue funding fulfills the annualized amounts needed to meet these obligations.
15
New Issue
Tuition Increase $996,000
The Florida Legislature increased Undergraduate In-State tuition by 3 percent.
These funds will be used for BOT Budget Priorities, consistent with FAU’s Strategic Goals.
Additional Graduate/Out-of-State Tuition Increases of up to 10 percent are authorized but not recommended.
16
New Issue
Additional Student Fees $1,203,198Budget Authority Reserve ($1,203,198)
The Florida Legislature appropriated additional student fee budget authority associated with a 3 percent increase in Graduate and Out-of-State tuition.
A 3 percent increase in Out-of-State tuition at all levels will generate approximately $718,619; a 3 percent increase in Graduate tuition will generate approximately $484,579.
Increases in Graduate and Out-of-State tuition are not recommended.
This authority allows the University to spend additional student fees only if collected.
17
New Issue
Salary Increase $ TBA
Salary increases of 3 percent for eligible employees funded by the General Revenue fund.
Salary increase is effective October 1, 2006.
Funding of approximately $3.3 million is projected.
18
New Issue
New Space (PO & M) $661,791
Funding to support Plant Operations and Maintenance of new buildings
Funding based upon completion date (months funding)
Expansion/Remodeling of Computer Center (6) – Boca Raton Campus
Student Activity Center (4) – Davie Campus Recreation and Wellness Center (3) – Boca Raton Campus Everglades Youth Camp (12) FAU/Scripps Research Facility (11) – Jupiter Campus
19
New Issue
UM/FAU Medical $5,000,000 Partnership Program
FAU received non-recurring funding of $5,000,000 to fund the UM/FAU Medical Partnership Program Expansion to 4 years.
Since funding is non-recurring, $2.1 million will be expended in 2006-2007 on one-time expenditure needs and $2.9 million will be held in reserve.
Strategic Goals Goal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity
20
New Issue
Enrollment Growth $3,988,432 Funds are provided to support an additional 419 FTE students (153
Lower level, 266 Upper level, 0 Graduate)
2006-07 Funded Enrollment Plan:
Lower Level 4,667 FTE Upper Level 8,162 FTE Graduate 2,155 FTE
Total 14,984 FTE*
* Includes 15 Graduate FTE in Nursing, which is tracked separately.
21
New Issue
Change in Student Mix (General Revenue)$2,407,391
Change in Student Mix (Student Fees)($1,383,557)
Change in Student Mix (General Revenue) - Reserve Authority ($1,023,834)
This represents a net amount of $1,023,834 in General Revenue from 2004-2005.
Because of the one-year lag in the estimates and the potential for additional reductions in out-of-state enrollments, this funding will be held in reserve until achieved.
22
New Issue
Utility Rate Increase $2,087,278
FAU received $2,087,278 to partially off-set the increases in electricity, water, sewer and gas.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 6: Enhancing the physical environment
23
New Issue
Florida Israel Institute $200,000
FAU received $200,000 in non-recurring funds to support funding initiatives of the Institute.
Program initiatives will enhance the Florida economy and involve collaborative efforts aimed at Israel’s academic institutions.
Strategic GoalsGoal 4: Meeting community needs and fulfilling unique institutional
responsibilities
24
New Issue
FAU at Port St. Lucie $2,208,100
FAU received $2,208,100 in recurring revenue to support expanded access to baccalaureate degrees on FAU’s Treasure Coast campus in order to meet higher education needs in that area.
Programs that are currently being offered in Nursing, Management, Computer Science, Criminal Justice, Social Work, and Education will be expanded.
Consistent with Strategic Goal 1, Objective 11, “Develop and implement mission-driven academic enrollment and program plans for each campus,” an academic plan for the Port St. Lucie campus is currently being developed and will identify additional potential areas for expansion of access.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilities
25
New Issue
Center for Disaster and $750,000Emergency Care
FAU received $750,000 in non-recurring funds to support the Center.
Funding will create a training laboratory for the identification, isolation, and treatment of disaster victims.
Strategic GoalsGoal 4: Meeting community needs and fulfilling unique institutional
responsibilities
26
New Issue
Targeted Graduate Degrees $507,500 in Nursing
In support of the strategy laid out in the Strategic Plan Goal 2, Objective 1-1, “[To] Increase enrollments in MS in Nursing Education track [and in the] Ph.D. in Nursing Education track, FAU received $507,500 to support additional Masters and Doctoral degrees in Nursing.
Funding will be used to support 15 Graduate FTE.
The College of Nursing will enroll additional nurse educators at the post-masters/advance practice and doctoral levels in order to increase the supply of nursing faculty.
Strategic GoalsGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity
27
New Issue
Challenge Grant Program $1,998,037
Funding is used to support the Major Gift Matching Program through the FAU Foundation, Inc.
Funding will be used to support scholarships and professorships.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional responsibilities
Linkage toStrategic Goals
Funding Allocations
28
29
New Funding
Non-dedicated Funds to Support FAU’s Strategic Goals
Tuition Increase $ 996,000Enrollment Growth $3,988,432
Total $4,984,432
Allocations Based Upon FAU Strategic Goals
Goal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 5: Building a state-of-the-art information technology environmentGoal 6: Enhancing the physical environmentGoal 7: Increasing the University’s visibility
30
New FundingTuition Increase
Funding associated with a three percent increase in Undergraduate In-state tuition, effective Fall semester.
31
AllocationsTuition Increase
Cost to Continue 2005-06 $284,102BOT Priorities
In 2005-2006, the FAU Board of Trustees awarded competitive performance based salary increases of .5 percent effective August 1, 2005 for non-unit employees and a 1.5 percent salary increase for merit and equity for in-unit faculty effective November 15, 2005.
This amount funds the continuation of the increase.
Strategic GoalGoal 2: Meeting statewide professional and workforce needs
32
AllocationsTuition Increase
Faculty Promotions $221,000
Funding to reward faculty for sustained superior performance.
Promotional increases reward improvements in performance, efficiency, and productivity.
Promotional increases will be awarded based upon the Collective Bargaining Agreement, which sets increases at 9 percent for promotion to Associate Professor and 12 percent for promotion to Professor.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity
33
AllocationsTuition Increase
Unallocated BOT Priorities $490,898
Potential merit/performance based and market equity salary increases.
Special projects or programs of university-wide importance consistent with BOT priorities.
Reserve for unanticipated activities or events.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 5: Building a state-of-the-art information technology environmentGoal 6: Enhancing the physical environmentGoal 7: Increasing the University’s visibility
34
New FundingEnrollment Growth
Enrollment Growth
The 2004 Enrollment Growth Funding Formula was funded at approximately 64 percent for General Revenue and Lottery funds.
Component Funding:
Instruction and Research $2,944,477 University Support 555,908 Library Resources 71,538 Technology Infrastructure 37,605 Branch Campus Funding 45,716 Student Aid 93,433 Student Services 239,755
Total $3,988,432
Funding provided by State funds ($2,388,418) and Student Fees ($1,600,014).
35
AllocationsEnrollment Growth – Instruction and Research
New Enrollments $1,295,546
Guided by the strategies outlined under Strategic Plan Goal 1, Objective 11-3, these funds will be used in ways consistent with the charge to “assess course demand and allocate resources consistent with meeting FTE targets.”
Funding will support faculty, staff, and operational expense funds and will enable selected colleges to handle increased enrollments in order to meet FAU’s 2006-2007 enrollment plan.
These funds are distributed only to those colleges that met or exceeded their 2005-2006 enrollment targets:
Arts and Letters $349,797Architecture, Urban and Public Affairs $207,287Business $323,887Nursing $103,644Science $310,931
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needs
36
AllocationsEnrollment Growth – Instruction and Research
Graduate and Undergraduate $1,300,000Tuition Waivers
These funds were allocated in pursuit of Strategic Plan Goal 3, Objective 4-3, “[To] Attract and retain highly qualified graduate teaching and research assistant… by allocating resources to provide full tuition waivers for all qualified graduate assistants.”
Tuition waivers support FAU scholarship recipients at all levels and graduate teaching and research assistants.
Tuition waivers are necessary to attract and retain talented students.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 3: Building world-class academic programs and research capacity
37
AllocationsEnrollment Growth – Instruction and Research
Additional Investment in $220,857
Library Resources
Library materials are essential for quality instructional and research activities of the University.
Consistent with Strategic Plan Goal 3, Objective 7, “Provide appropriate base operations and maintenance budgets to academic and support units,” these funds will enable the FAU Libraries to maintain and enhance access to information in electronic databases, periodical subscriptions, scientific and technical journals and print media.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity
38
AllocationsEnrollment Growth – Instruction and Research
Funding for Center for Teaching $128,074 Excellence and Student Success (CTESS)
As identified in Strategic Plan Goal 1, Objective 3-8, “establish a Center for Teaching Excellence and Student Success,” CTESS is a cornerstone of support for improving the quality of educational and student retention activities.
Funding will be used to create the CTESS and to develop a comprehensive plan of activities. (Full funding of $200,000)
CTESS is a major element of the FAU Strategic Plan.
Strategic GoalsGoal 1: Providing increased access to higher education
39
AllocationsEnrollment Growth – University Support
Police Services
Funding is requested to enhance safety and security services on FAU’s campuses, reflecting increases in students, faculty and staff and to address community crime issues.
These funds assist in the University’s commitment to its Values: Provide a secure environment for the pursuit of learning and Account for the sound use and careful stewardship of the resources provided to the University .
Expense – Fuel Costs $ 25,000
Staffing2 Police Officers, Boca Raton campus $122,0001 Police Officer, Broward campus $ 61,0001 Police Officer, MacArthur campus $ 61,0001 Public Service Officer, Treasure Coast campus $ 39,500
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 5: Building a state-of-the-art information technology environmentGoal 6: Enhancing the physical environmentGoal 7: Increasing the University’s visibility
40
AllocationsEnrollment Growth – University Support
Communications Staffing $68,500
Funding for increased staff infrastructure to assist FAU in expanding its visibility and strengthening its image locally, regionally, nationally, and internationally by expanding its modes of communicating with internal and external audiences.
These funds, along with the consolidation and integration of communications efforts university-wide, will assist in providing a single area of contact for community engagement and effective communications to existing and new constituencies.
Increasing the University’s visibility is a stand alone goal in FAU’s Strategic Plan.
These allocations are linked to Strategies 1-3 of Objective 2, Goal 4: Provide a point for community contact that will serve as a clearinghouse for university outreach initiatives-community engagement; Strategies 1-3 of Objective 4, Goal 4: Communicate effectively to both internal and external audiences; Strategy 1 of Objective 1, Goal 7: Create an integrated internal communications plan; Strategy 2 of Objective 2, Goal 7: Create an integrated external communications plan; and Strategies 1-3 of Objective 3, Goal 7: Communicate the University’s identity and messages to the public with one consistent voice.
Strategic GoalsGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 7: Increasing the University’s visibility
41
AllocationsEnrollment Growth – University Support
University Advancement Staffing $110,908 Funding is requested for 2 positions to support FAU’s capital campaign.
This investment in staffing will produce significant private funds to help the University meet its Strategic Goals.
Fundraising for the creation of an endowment to support research and scholarly activities and fundraising for capital projects are important strategies to achieve FAU’s Strategic Goals and Objectives.
This allocation is linked to Strategy 2 of Objective 1, Goal 3: Create a research and scholarly activity endowment for the University as part of the capital campaign and Strategy 4 of Objective 3, Goal 6: Ensure that the University’s annual Capital Improvement Plan and Capital Campaign support and promote the University’s Strategic Plan.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 5: Building a state-of-the-art information technology environmentGoal 6: Enhancing the physical environmentGoal 7: Increasing the University’s visibility
42
AllocationsEnrollment Growth – University Support
Diversity Programs and Incentives $68,000
Funding is requested to assist FAU in fostering a diverse and inclusive environment of students, faculty, and staff.
A university-wide committee has recommended strategies to ensure diversity among the University’s faculty and staff, as established in the University’s Strategic Plan.
These funds will be utilized to develop diversity training initiatives and to assist hiring units with advertising and other search costs necessary to attract outstanding and diverse faculty and staff.
This allocation is linked to Strategy 1 of Objective 6, Goal 3: Adopt strategies that will institutionalize diversity among the University’s faculty and staff.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 7: Increasing the University’s visibility
43
AllocationsEnrollment Growth – Library Resources
Funding to Support Investment in $71,538Adequate Library Resources
Library materials are essential for quality instructional and research activities of the University.
Consistent with Strategic Plan Goal 3, Objective 7, “Provide appropriate base operations and maintenance budgets to academic and support units,” these funds will enable the FAU Libraries to maintain and enhance access to information in electronic databases, periodical subscriptions, scientific and technical journals and print media.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity
44
AllocationsEnrollment Growth – Technology Infrastructure
Funding to Support Enhancements $37,605in Library Technology Infrastructure
Consistent with Strategic Plan Goal 3, Objective 7, “Provide appropriate base operations and maintenance budgets to academic and support units,” these funds will enable the FAU Libraries to maintain and enhance access to information in electronic databases, periodical subscriptions, scientific and technical journals and print media.
Improves library support on all campuses, providing access to subscriptions necessary for quality instruction and research.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 5: Building a state-of-the-art information technology environment
45
AllocationsEnrollment Growth – Branch Campus Operations
Partner Campus Instructional Travel $45,716
The 2006 Legislature increased the mileage allowance from 29 cents per mile to 44.5 cents per mile.
Following the strategy developed under Goal 3, Objective 7, “Provide appropriate base operations and maintenance budgets to academic and support units,” these funds will be used to partially offset the mileage allowance paid to faculty who travel between campuses to teach courses.
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilities
46
AllocationsEnrollment Growth – Student Financial Aid
Need-Based Student Financial Aid $93,433
Supports enrollment growth and student diversity.
Provides aid to students with demonstrated financial need.
Strategic Plan Goal 1, Objective 6-1, calls for “increased financial aid resources to improve recruitment of targeted student populations.”
Strategic GoalsGoal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacity
47
AllocationsEnrollment Growth – Student Services
Funding for Center for Teaching $71,926 Excellence and Student Success (CTESS)
As identified in Strategic Plan Goal 1, Objective 3-8, “establish a Center for Teaching Excellence and Student Success,” CTESS is a cornerstone of support for improving the quality of educational and student retention activities.
Funding will be used to create the CTESS and to develop a comprehensive plan of activities. (Full funding of $200,000)
CTESS is a major element of the FAU Strategic Plan.
Strategic GoalsGoal 1: Providing increased access to higher education
48
AllocationsEnrollment Growth – Student Services
Career Development Center - $57,529Boca Raton Campus
This allocation supports Strategic Plan Goal 2, Objective 2, which calls for increased effectiveness of career planning support services to students, especially as it relates to targeted degrees and workforce development.
Funding to hire a Coordinator of Technology Services to manage the growing use of database technology supporting career choice, job referrals and placement, and on-line student career development activities.
Strategic GoalsGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 5: Building a state-of-the-art information technology environment
49
AllocationsEnrollment Growth – Student Services
Student Development and Activities -$40,300Broward Campuses
This allocation supports efforts under Strategic Plan Goal 1, Objective 2, which aims to foster institutional commitment to student satisfaction and success leading to higher retention and graduation rates.
Funding to hire a Coordinator of Student Development and Activities to assist Owl Productions, transfer student orientation, leadership development, and multi-campus activities.
Strategic GoalsGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 5: Building a state-of-the-art information technology environment
50
AllocationsEnrollment Growth – Student Services
Division of Student Affairs - $70,000MacArthur Campus
This allocation supports efforts under Strategic Plan Goal 1, Objective 2, which aims to foster institutional commitment to student satisfaction and success leading to higher retention and graduation rates, and Goal 2, Objectives 2 and 5, which call for providing effective career planning support services to students and preparing to transition competitively into the workforce.
Funding to provide a Senior Secretary position to assist Student Affairs professional staff; additional hours of coverage for the campus activities center; and funds for interpreters. The secretarial position will support three staff members in the areas of Diversity Services, Career Services, and Student Life.
Strategic Goals Goal 1: Providing increased access to higher educationGoal 2: Meeting statewide professional and workforce needsGoal 3: Building world-class academic programs and research capacityGoal 4: Meeting community needs and fulfilling unique institutional
responsibilitiesGoal 5: Building a state-of-the-art information technology environment
51
Reallocation ofExisting Resources
Throughout the year, current operations are examined to ensure resources are utilized as efficiently as possible.
Where opportunities exist, resources are reallocated to priorities and initiatives of the University’s Strategic Plan.
52
Reallocation ofExisting Resources
The Office of the Provost reprioritized commitments for faculty start-up funding and reallocated a portion of those funds to support graduate student stipends and tuition waivers in efforts to support strategic plan objectives relating to goal 3 – building world-class academic and research programs ($250,000).
Using performance indicators relating to program effectiveness and “program profitability,” Academic Affairs was able to focus on strategic priorities despite new state appropriations that are insufficient to fund those initiatives at levels indicated in the FAU Strategic Plan. Chief among these initiatives are the Center for Teaching Excellence and Student Success (CTESS) and support for undergraduate and tuition waivers to support recipients of FAU scholarships and graduate assistantships ($402,500).
53
Reallocation ofExisting Resources
By realizing operational efficiencies in supporting units, especially the Office of Undergraduate Admissions and University Registrar, Academic Affairs was able to reallocate funds to support enrollment growth in the colleges and efforts to increase degree completion rates as emphasized in the FAU Strategic Plan ($200,000).
Redirected Banking Services contract savings plus existing OPS funds to support the hiring of a Police Detective ($70,000).
Redirected expense funds to hire interpreter services for disabled students ($2,000).
Expanded use of teleconferencing and video-conferencing for meetings, including installing video-conferencing capabilities in the President’s Conference Room (Efficiency and Travel Savings).
54
Reallocation ofExisting Resources
Worked with Property Management to recycle surplus furniture instead of purchasing new tables and chairs ($10,000).
Redirected one-time salary savings to install motion detectors in restrooms, data rooms, and mechanical rooms to save energy costs $5,000).
Combined position of Lifelong Learning Director for Broward and Ft. Lauderdale Campus Coordinator into a single position, with savings utilized to expand program offerings ($28,000).
55
Reallocation ofExisting Resources
Redirected one-time salary savings to expand summer semester course offerings ($200,000).
Redirected salary savings from organizational changes in the President’s Office to establish customer service training and communications programs ($30,000).
In an effort to create more efficient and effective communications methods, the University has consolidated all communications efforts university-wide, including the unification of the learning resources visual communications department with the University’s creative services department. In addition, all communications officers for colleges and divisions will now work in conjunction with the University’s communications division (Improve Efficiency).
Florida Atlantic UniversityEducational & General
Operating Budget 2006-07 with Prior Year Comparison
General Revenue $136,203,181
Lottery $10,289,357
Student Fees $68,775,509
$212,432,849
General Revenue $141,167,722
Student Fees $64,440,311
$215,897,390
General Revenue $155,990,425
Lottery $14,766,289
Student Fees $71,191,164
$236,885,648
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
$100,000,000
$110,000,000
$120,000,000
$130,000,000
$140,000,000
$150,000,000
$160,000,000
$170,000,000
$180,000,000
$190,000,000
$200,000,000
$210,000,000
$220,000,000
$230,000,000
$240,000,000
$250,000,000
RevenueBudget 2005-6$215,268,047
ExpenditureBudget 2005-6$212,432,849
Projected Revenue2005-6
$215,897,390
ProjectedExpenditures 2005-6
$215,897,390
RevenueBudget 2006-7$241,947,878
ExpenditureBudget 2006-7$236,885,648
Lottery$10,289,357
57
Florida Atlantic UniversityOperating Budget 2006-2007
Educational and General Budget Summary
Expenditure Budget 2005-2006: $212,432,849
Estimated Expenditures 2005-2006: $215,897,390
Expenditure Budget 2006-2007: $236,885,648
Percentage Increase in Expenditure
Budget 2005-06 to 2006-07:
11.5%
58
Student Financial Aid
Budget
59
The Student Financial Aid Budget consists of:
The Student Financial Aid budget largely represents scholarship and loan funds that are received by the University and subsequently disbursed to students. Included in the budget are funding from student financial aid fees as well as financial aid support from all sources such as federal financial aid awards (Pell, Student Educational Opportunity Grants, Perkins Loans, Stafford Loans), state financial aid awards (Bright Futures, Florida Assistance Grants), Institutional Programs (Presidential Awards, MLK Scholarships) and Private Scholarships (FAU Foundation).
Credit Hour Financial Aid Fees:
$ 3.68 Undergraduate In-State
$24.41 Undergraduate Out-of-State
$10.02 Graduate In-State
$41.89 Graduate Out-of-State
60
Highlights of 2006-07 Financial Aid Budget
Estimated revenues exceeded expenses in 2005-06 by $86,400.
The requested increase in budget for 2006-07 is due to the need to support the additional students served through enrollment growth funding and the tuition increases.
Florida Atlantic UniversityStudent Financial Aid
Operating Budget 2006-07 with Prior Year Comparison
$119,632,339$119,553,276
$106,512,969
$106,426,569
$122,936,011$122,803,303
$0$5,000,000
$10,000,000$15,000,000$20,000,000$25,000,000$30,000,000$35,000,000$40,000,000$45,000,000$50,000,000$55,000,000$60,000,000$65,000,000$70,000,000$75,000,000$80,000,000$85,000,000$90,000,000$95,000,000
$100,000,000$105,000,000$110,000,000$115,000,000$120,000,000$125,000,000
Revenue Budget 2005-6$119,632,339
Expenditure Budget2005-6 $119,553,276
Projected Revenue 2005-6 $106,512,969
Projected Expend.2005-6 $106,426,569
Revenue Budget 2006-7 $122,936,011
Expense Budget 2006-7 $122,803,303
62
Florida Atlantic University Operating Budget 2006-2007
Student Financial Aid Budget Summary
Expenditure Budget 2005-2006: $119,553,276
Estimated Expenditures for 2005-2006: $106,426,569
Expenditure Budget 2006-2007: $122,803,303
Percentage Increase in Budget 2005-06 to 2006-07: 2.7%
63
Grants and Contracts
Budget
64
The Grants and Contracts Budget consists of:
Funding from federal agencies, state agencies, foundations and private sources that enables the University to conduct specific research projects or to provide specific services.
Expenditures for the Division of Sponsored Research, the A.D. Henderson University School and the Florida Atlantic University Foundation (payroll clearing account) are included in the Grants & Contracts budget.
65
Highlights of 2006-07Grants and Contracts Budget
Estimated revenues exceeded expenses in 2005-06 by $103,000.
The 2006-07 operating budget represents an increase of 1.6 percent over the prior year to accurately reflect the level of grant funding projected for the year.
Expenditures Sponsored Research $49,098,755 FAU Foundation 5,954,753 A.D. Henderson School 4,118,667
Total $59,163,175
Florida Atlantic University Grants and Contracts
Operating Budget 2006-07 with Prior Year Comparison
$58,995,462 $58,258,912
$51,644,989 $51,541,989
$59,173,420 $59,163,175
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
$55,000,000
$60,000,000
$65,000,000
$70,000,000
$75,000,000
Revenue Budget 2005-6$58,995,462
Expenditure Budget 2005-6$58,258,912
Projected Revenue 2005-6$51,644,989
Projected Expend. 2005-6$51,541,989
Revenue Budget 2006-7$59,173,420
Expense Budget 2006-7$59,163,175
67
Florida Atlantic University Operating Budget 2006-2007
Grants and Contracts Budget Summary
Expenditure Budget 2005-2006: $58,258,912
Estimated Expenditures 2005-2006: $51,541,989
Expenditure Budget 2006-2007: $59,163,175
Percentage Increase in Budget 2005-06 to 2006-07: 1.6%
68
Auxiliary Enterprises
Budget
69
The Auxiliary Enterprises Budget consists of:
University business operations that are self-supporting through user fees, payments and charges. These include:
Food Services Postal Services
Housing Student Health Center
Bookstore Traffic and Parking
Printing/Duplicating Student Center
Telecommunications College Continuing Education
Lifelong Learning Society Ocean Engineering Boat
University Theatre College of Science Machine
Shop
70
Highlights of 2006-07Auxiliary Enterprises Budget
Estimated Revenues exceeded expenses in 2005-06 by $1,432,801.
The 2006-07 Budget reflects an increase of 1.3 percent which includes transfer authority. The largest components of the increase are the residence halls rental increase and salary increases for staff funded by auxiliary operations.
Florida Atlantic University Auxiliary Enterprises
Operating Budget 2006-07 with Prior Year Comparison
$54,903,998$54,318,913
$59,965,455
$58,532,654$59,836,180
$55,006,528
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
$55,000,000
$60,000,000
Revenue Budget 2005-6$54,903,998
Expenditure Budget 2005-6 $54,318,913
Projected Revenue 2005-6 $59,965,455
Projected Expend. 2005-6$58,532,654
Revenue Budget 2006-7$59,836,180
Expense Budget 2006-7$55,006,528
72
Florida Atlantic University Operating Budget 2006-2007
Auxiliary Enterprises Budget Summary
Expenditure Budget 2005-2006: $54,318,913
Estimated Expenditures 2005-2006: $58,532,654
Expenditure Budget 2006-2007: $55,006,528
Percentage Increase in Budget 2005-06 to 2006-07: 1.3%
73
Athletics Local
Budget
74
The Athletics Local Budget consists of:
The Athletics Local Operating Budget supports the University’s student athletics program. Funding is generated from student athletics fees ($13.75 per-credit hour) as well as ticket sales to athletics events, game guarantees, NCAA distributions, sponsorships and private support.
In addition to the Local Operating Budget, FAU Athletics receives $246,000 in State Educational and General Title IX Gender Equity funding and $1,077,815 in out-of-state waiver authority and financial aid.
75
Highlights of 2006-07 Athletics Local Budget
Estimated expenses and revenues in 2005-06 were balanced.
Projected expenditures for 2006-07 total $12,067,000 consistent with the February Athletics Workshop. Revenues include $420,000 in private funding raising support, $8,000,000 in athletic fees, $2,075,000 in game guarantees, and $430,000 in ticket sales. Total expenditures are 9.7 percent over the initial 2005-06 expenditure budget; however, projected expenditures are 7.3 percent above the 2005-2006 amended budget, which was increased approximately $250,000 to cover “guaranteed” expenditures. Approximately one-half of the increase in expenditures is the result of increased scholarship support.
Florida Atlantic University Athletics Local
Operating Budget 2006-07 with Prior Year Comparison
$10,993,000 $10,993,000
$11,243,000 $11,243,000
$12,067,000 $12,067,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
$5,500,000
$6,000,000
$6,500,000
$7,000,000
$7,500,000
$8,000,000
$8,500,000
$9,000,000
$9,500,000
$10,000,000
$10,500,000
$11,000,000
$11,500,000
$12,000,000
Revenue Budget 2005-6$10,993,000
Expenditure Budget2005-6 $10,993,000
Projected Revenue 2005-6 $11,243,000
Projected Expend. 2005-6 $11,243,000
Revenue Budget 2006-7$12,067,000
Expense Budget 2006-7$12,067,000
77
Florida Atlantic University Operating Budget 2006-2007
Athletics Budget Summary
Expenditure Budget 2005-2006: $10,993,300
Estimated Expenditures 2005-2006: $11,243,000
Expenditure Budget 2006-2007: $12,067,000
Percentage Increase in Budget 2005-06 to 2006-07: 9.7%
* The expenditure budget was increased by $249,700 during the first quarter 2005-2006 to cover unbudgeted expenses that were fully covered by sponsored revenues, increase the total expenditure budget to $11,243,000.
78
Student Government
Budget
79
The Student Government Budget consists of:
Funds from student activities and service fees are provided to support student government operations and student activities such as clubs and organizations.
The Activity and Service Fee of $10.00 per credit hour generates approximately $5,700,000.
80
Highlights of 2006-07 Student Government Budget
Estimated revenues exceeded expenses in 2005-06 by approximately $385,000.
The 2006-07 operating expenditure budget of $6,678,124 represents a slight decrease over the prior year original budget.
Florida Atlantic University Student Government
Operating Budget 2006-07 with Prior Year Comparison
$5,923,450
$6,715,000
$6,102,703
$5,720,171
$5,968,986
$6,678,124
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
$5,500,000
$6,000,000
$6,500,000
$7,000,000
Revenue Budget2005-6
Expenditure Budget2005-6
Projected Revenue 2005-6
Projected Expend.2005-6
Revenue Budget2006-7
Expend. 2006-7
82
Florida Atlantic University Operating Budget 2006-2007
Student Government Budget Summary
Expenditure Budget 2005-2006: $6,715,000
Estimated Expenditures 2005-2006: $5,720,171
Expenditure Budget 2006-2007: $6,678,124
Percentage Increase in Budget 2005-06 to 2006-07: 0%
83
Concessions
Budget
84
The Concessions Budget consists of:
Funds from concession operations such as soft drink and snack vending machines.
Expenditures from these funds support the academic mission of the University.
85
Highlights of 2006-07 Concessions Budget
Estimated revenues exceeded expenses in 2005-06 by approximately $30,000.
The concessions budget for 2006-07 is a continuation budget with no change from the prior year.
Florida Atlantic UniversityConcessions
Operating Budget 2006-07 with Prior Year Comparison
$565,000$572,575
$468,230
$437,266
$575,000
$572,575
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
$600,000
Revenue Budget 2005-6 $ 565,000
Expenditure Budget2005-6 $572,575
Projected Revenue 2005-6 $468,230
Projected Expend. 2005-6 $437,266
Revenue Budget 2006-7 $575,000
Expense Budget 2006-7$572,575
87
Florida Atlantic University Operating Budget 2006-2007Concessions Budget Summary
Expenditure Budget 2005-2006: $572,575
Estimated Expenditures 2005-2006: $437,266
Expenditure Budget 2006-2007: $572,575
Percentage Increase in Budget 2005-06 to 2006-07: 0%
2006-2007
Capital Outlay Budget
89
Florida Atlantic University2006-2007
Capital Outlay Budget
Section 1013.61, Florida Statutes, requires the Florida Atlantic University Board of Trustees to adopt a capital outlay budget for the ensuing year to inform the public of the University’s capital outlay needs. The capital outlay budget is part of the annual budget and shall be based upon the Board’s capital outlay plan. The budget shall designate the proposed capital outlay expenditures by project for 2006-07 from all fund sources, as amended.
The Florida Atlantic University Board of Trustees on August 10, 2005 approved the University’s Capital Improvement Plan as recommended by the Strategic Planning Committee. Subsequently the Board of Governor’s approved the FAU fixed capital outlay request. These projects were approved by the 2006 Florida Legislature as recommended by the Florida Atlantic University Board of Trustees. The Fixed Capital Outlay Budget includes PECO, Courtelis Matching Gifts and PECO Construction Cost Increase Funding.
90
Projects of the 2006-2007Capital Outlay Budget
Public Education Capital Outlay Projects (PECO)Utilities/Infrastructure/Capital Renewal/Roofs (P,C,E) $ 3,642,356FAU/Scripps Joint Use Facility-Jupiter (P,C,E) $2,000,000 Expansion/Remodel Computer Center #22 (C,E) $2,000,100 Port St. Lucie - Partner Campus Phase II (P,C,E) $10,009,000FAU/UF Davie Facility (P,C,E) $9,300,000 General Classroom/Engineering Building (P,C) $3,000,000 SUB-TOTAL $29,951,456
Courtelis Matching GiftsOffice Depot Executive Development Center $ 4,000,000 * Alumni Center $ 2,000,000 * SUB-TOTAL $ 6,000,000 *
* This is 50 Percent Private Gifts ($3,000,000) and 50 Percent State Matching ($3,000,000)
PECO Construction Cost Increase FundingFAU-HBOI Marine Science Partnership $ 195,130 College of Business Expansion Remodeling $ 251,674 SUB-TOTAL $ 446,804
TOTAL 2006-07 CAPITAL OUTLAY BUDGET REQUEST $39,398,260
91
2006-2007Budget Summary
Operating Budget$493,176,353
Capital Outlay Budget$39,398,260
92
Florida Atlantic University Foundation, Inc.
While not a component of the FAU budget, the Florida Atlantic University Foundation makes expenditures that directly benefit the University.
Expenditures on behalf of the University during 2005-2006 are estimated as:
Salaries, Wages and Benefits $ 4,933,152 General Expenses $ 4,951,013 Scholarships $ 2,605,613
Total $12,489,778