A Primer on The University Budget Fiscal Year 2011-12 2011-2012 Budget Summary (Operating Budget) $ Millions Total Budget $2,284 Academic Core $1,218 Academic Enhancement $693 Self Supporting $373

Report
A Primer on The University Budget
Fiscal Year 2011-12
2011-2012 Budget Summary
(Operating Budget)
$ Millions
Total Budget
$2,284
Academic
Core
$1,218
Academic
Enhancement
$693
Self
Supporting
$373
2
2011-2012 Total University Sources
(Operating Budget)
$2,284 Million
Tuition: $567M,
25%
State General
Revenue:
$297M, 13%
AUF
Recurring:
$156M, 7%
Self
Supporting:
$373M, 16%
AUF Payout
Increase:
$23M, 1%
AUF Non
Recurring:
$25M, 1%
Academic
Enhancement:
$693M, 30%
Other
Academic
Core: $77M,
4%
Indirect Cost:
$73M, 3%
3
2011-2012 Total University Uses
(Operating Budget)
$2,284 Million
Salaries &
Benefits:
$1208M, 53%
Maintenance
& Operation:
$403M, 18%
Scholarships:
$256M, 11%
Other: $236M,
10%
Utilities:
$76M, 3%
Transfer to
Capital: $24M,
1%
Transfer for
Debt Service:
$81M, 4%
4
2011-2012 Academic Core Sources
(Operating Budget)
$ Millions
Academic
Core
$1,218
State
General
Revenue
$297
AUF*
$156 R
$23 NR
$25 NR
Tuition
$567
Indirect
Cost
$73
Other**
$77
*AUF includes annual payout (varies annually), $22.9M for FY 11-12 as a result of
an increase in the payout rate that may not recur to FY 12-13 and $25M nonrecurring to fund the following initiatives as designated by UT System: $13M for
excellence, $7M for faculty excellence, and $5M for faculty recruitment.
**Other includes Budgeted Balances, Intellectual Property Income, Administrative
Fee, etc.
5
2011-2012 Academic Core Uses
(Operating Budget)
$1,218 Million
Maintenance
& Operation:
$100M, 8%
Salaries &
Benefits:
$758M, 62%
Scholarships:
$93M, 8%
Utilities:
$61M, 5%
Other: $142M,
11%
Transfer for
Debt Service:
$43M, 4%
Transfer to
Capital: $21M,
2%
6
2011-2012 Academic Core
Salaries & Benefits
(Operating Budget)
$758 Million
Faculty:
$261M, 34%
Fringe
Benefits:
$185M, 24%
Staff:
$264M, 35%
Wages:
$19M, 3%
Teaching
Assistants:
$29M, 4%
7
2011-2012 Academic Enhancement Budget
(Operating Budget)
$ Millions
Academic
Enhancement
$693
Contracts &
Grants*
$453
Gifts
$194
Other
$46
Other includes budgeted balances, Library Resource Sharing Project, and income
collected for specific academic purposes (Executive MBA, Field Trips, Orientation,
Application, & Library fees, etc.)
*Indirect Cost of $73M is included in the Academic Core
8
2011-2012 Self Supporting Budget
(Operating Budget)
$ Millions
Self
Supporting
$373
Other
$104
Auxiliary
Enterprises
$269
Auxiliary Enterprises include:
Intercollegiate Athletics:
Housing & Food:
AT&T Exec. Ed & Conference Ctr.
Erwin Center:
Parking & Transportation:
$133M
$75M
$26M
$18M
$17M
Other include:
Continuing Education, Performing Arts Center, UIL, KUT,
McDonald Observatory, Accelerated Schools, Option III
programs, Dana Center, LBJ Wildflower Center, etc.
9
Academic Core Budget
10
FY 2011-12 to FY 2015-16
Academic Core Projected Budget Sources
$Millions
Budget
2011-12
Budget
2012-13
Forecast
2013-14
Forecast
2014-15
Forecast
2015-16
State General Revenue (GR)
296.9
296.4
298.1
298.6
299.2
Flat Rate Tuition (net of Texas Tomorrow)
560.0
559.8
559.5
559.5
559.5
6.5
6.5
6.5
6.5
6.5
155.6
177.6
197.5
204.0
216.3
22.9
0.0
0.0
0.0
0.0
7.0
0.0
0.0
0.0
0.0
AUF – Excellence Funding Non Recurring
13.0
0.0
0.0
0.0
0.0
AUF – Faculty Recruitment Non Recurring
5.0
0.0
0.0
0.0
0.0
Indirect Cost
72.8
72.8
72.8
72.8
72.8
Other Revenue
51.5
51.5
51.5
51.5
51.5
Balances
26.9
7.9
7.9
7.9
7.9
1,218.1
1,172.5
1,193.8
1,200.8
1,213.7
Student Activity Center
AUF System Estimate - Recurring
AUF – Increase in FY 11-12 payout
AUF – Faculty Support Non Recurring
Total Budget Sources
11
FY 2011-12 to FY 2015-16
Academic Core Projected Budget Forecast
$ Millions
Budget
2011-12
Forecast
2012-13
Forecast
2013-14
Forecast
2014-15
Forecast
2015-16
($ in millions)
Increase/(Decrease) over Prior Year:
Total Budget Sources
23.6
1,218.1
(45.6)
1,172.5
21.3
1,193.8
7.0
1,200.8
12.9
1,213.7
Total Status Quo Uses
1,208.7
1,202.9
1,203.8
1,204.1
1,204.9
Net Funds to Allocate
9.4
(30.4)
(10.0)
(3.3)
8.8
Less: Required Fringe, Financial Aid, and Facility
Increases
2.0
11.2
31.3
45.3
61.0
Net Funds to Allocate
7.4
(41.6)
(41.3)
(48.6)
(52.2)
12
2011-2012 Budget
Academic Core Budget
$ Millions
REVENUE INCREASES
Incr/Decr from
2010-11 to 2011-12
GENERAL REVENUE INCREASES/REDUCTIONS:
General Revenue Appropriations - FY 10-11 to FY 11-12
(21.0)
General Revenue Appropriations - Non Recurring
(10.4)
General Revenue - Staff Group Insurance (HEGI)
(1.4)
General Revenue - State Paid Fringe Benefits
(1.1)
TOTAL GENERAL REVENUE INCREASES/REDUCTIONS:
(33.9)
OTHER REVENUE SOURCES:
E&G/Designated Tuition from Flat Rate (incl SAC)
22.2
Available University Fund (AUF) (incl non-recurring)
20.8
Interest
3.5
Administrative Fee Income
0.4
Indirect Cost
2.6
THECB Incentive Funding
(2.2)
Other Income
5.9
Balances
4.3
TOTAL OTHER REVENUE INCREASE
NET REVENUE INCREASE
CHANGE IN USES (incl budget reductions, legislative Special Item changes)
Net Available Funds to Allocate
57.5
23.6
(14.2)
9.4
13
2011-2012 Budget
Academic Core Budget
$ Millions
Incr/Decr from
2010-11 to 2011-12
REQUIRED BUDGET INCREASES
Baseline Fringe Benefit Increases
4.0
Additional Financial Aid (TX Tomorrow, TPEG, B-on-Time, TA/AI)
0.4
New Space Maintenance and Utility Decrease
Net Available Funds to Allocate
(2.4)
2.0
7.4
Priority Increases
Provost Initiatives (incl fringes)
3.3
Indirect Cost Commitments for IDC increases
2.6
College Initiatives
FY 11-12 TPAC - College Academic Initiatives
0.0
FY 11-12 TPAC - Professional School Initiatives (incl fringes)
1.5
Subtotal Priority Increases
NET BUDGET (SHORTFALL)/SURPLUS
7.4
0.0
14

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