Open Budget ForumWalt Branson

October 28, 2013

FY 14 Current Fund Original BudgetGross Revenue, before reduction of revenue to be expended on student aid

Dollars in Millions

Unrestricted Current FundsOperations Funds $ 144.6 Distance & Continuing Education 9.7

Auxiliary & Service Operations 19.5 Total Unrestricted Gross Revenue $ 173.8

Restricted Current FundsGift & Endowment Income $ 9.5

Grants & Contracts Project Fnd 33.1 Total Restricted Gross Revenue $ 42.6

Total Current Fund Gross Revenue $ 216.4

FY 14 General Revenue Allocation (GRA)Revised Rate Budget

Dollars in Millions

REVENUETuition & Fees $ 88.6

less Aid 24.9 Net Fee Revenue $ 63.7 53%

State Appropriations $ 46.4 39%

Recovery of Indirect/G&C 6.5 6%

Gift/Endow Fees & other Misc Rev 1.5 1%

Cost Recovery/Dist & Cont Ed & Aux 1.6 1%

TOTAL NET REVENUE $ 119.7 100%

FY 14 General Revenue Allocation (GRA)Revised Rate Budget

Dollars in Millions

TOTAL NET REVENUE $ 119.7

EXPENSESalary & Wages $ 65.7 Staff Benefits 21.0 Strategic Initiative/Faculty 2.6 Total Compensation $ 89.3 76%

Other ItemsDedicated Info Tech Fee $ 2.4 Dedicated Recovery of Indirect 1.6 Debt Payments 2.8 Maintenance & Repair 5.8 Fuel & Utilities 4.6 Other E&E & mandatory items 11.2 Total Other Items $ 28.4 24%TOTAL EXPENSE $ 117.7 100%

NET RATE BALANCE $ 2.0

FY15 Budget DriversREVENUE

State Appropriations 39%

Student Fees 53%Enrollment AssumptionTuition IncreaseStudent Aid

EXPENSESStrategic Plan InitiativesSalaries and Benefits 76%

Mandatory Increases

FY15 BudgetREVENUE

State Appropriations 39%

Student Fees 53%Other 8%

Total 100%EXPENSES

Salaries and Benefits 76%Other 24%

Total 100%

FY15 BudgetREVENUE

State Appropriations 39%

Student Fees 53%Other 8%

Total 100%EXPENSES

Salaries and Benefits 76%Other 24%

Total 100%

GRA Fees Rates per Credit Hour

Fiscal Year2010 2011 2012 2013 2014

Educational FeesUndergraduate Resident 245.60 245.60 261.60 269.40 274.00 Undergraduate Non-Resident 615.30 646.10 688.10 746.60 779.50 Graduate Resident 298.70 306.80 326.70 354.50 370.10 Graduate Non-Resident 771.20 792.00 843.50 915.20 955.50 MBA Resident 520.50 520.50 554.30 601.40 627.90 MBA Non-Resident 832.80 832.80 886.90 962.30 1,004.60

Supplemental FeesEngineering 54.50 60.00 67.20 74.20 78.70 Biological Sci & Chemistry 54.50 60.00 65.40 72.20 76.50 Comp Sci and G&G 54.50 60.00 64.20 70.90 75.20 Physics 27.30 30.00 32.10 35.40 37.50 Business, IS&T, M&IS 27.30 30.00 32.70 36.10 38.30

Information Technology Fee 12.20 12.20 13.00 13.40 13.60

GRA Fees Percent Change Per Year

Fiscal Year2010 2011 2012 2013 2014

Educational FeesUndergraduate Resident 0.0% 0.0% 6.5% 3.0% 1.7%Undergraduate Non-Resident 0.0% 5.0% 6.5% 8.5% 4.4%Graduate Resident 0.0% 2.7% 6.5% 8.5% 4.4%Graduate Non-Resident 0.0% 2.7% 6.5% 8.5% 4.4%MBA Resident 0.0% 0.0% 6.5% 8.5% 4.4%MBA Non-Resident 0.0% 0.0% 6.5% 8.5% 4.4%

Supplemental FeesEngineering 0.0% 10.1% 12.0% 10.4% 6.1%Biological Sci & Chemistry 0.0% 10.1% 9.0% 10.4% 6.0%Comp Sci and G&G 0.0% 10.1% 7.0% 10.4% 6.1%Physics 0.0% 9.9% 7.0% 10.3% 5.9%Business, IS&T, M&IS 0.0% 9.9% 9.0% 10.4% 6.1%

Information Technology Fee 0.0% 0.0% 6.6% 3.1% 1.5%

FY15 BudgetREVENUE

State Appropriations 39%

Student Fees 53%Other 8%

Total 100%EXPENSES

Salaries and Benefits 76%Other 24%

Total 100%

FY15 BudgetREVENUE

State Appropriations 39%

Student Fees 53%Other 8%

Total 100%EXPENSES

Salaries and Benefits 76%Other 24%

Total 100%

FY 15 Budget NeedsStaff Benefit Base IncreaseSalary & Wage IncreasesSCS (Staff Compensation Structure) AdjustmentsPromotion & TenureCurators ProfessorsChemical Engineering Bldg Operating CostsAlumni Building Operating CostsE&E (Expense & Equipment) ItemsStrategic Plan Initiatives Faculty Positions Reorganization Fellowships Marketing & Communications Comprehensive Campaign Other Strategic Initiative Matching

FY15 BudgetREVENUE

State Appropriations

Student Fees Other

Total EXPENSES

Salaries and Benefits Other

Total

FY 15 Budget TimelinePreliminary fee recommendations Oct - Nov

Final fee recommendations & preliminary budget planning Dec

Board review/approval of tuition & fee recommendations Jan

Budget system open for departmental entry Feb

Preliminary budget completed Mar

Board reviews preliminary budget April

Department/Division budget entry must be complete for all funds May

Campus budget finalized for system review & board approval June