Clark - Florida State University

Report
Fall Meeting for
Academic Deans & Department Chairs
October 15, 2013
Kyle Clark
Vice President for Finance and Administration
Final Approval of 2013 – 2014 Budget
Education & General
$
475,159,580
Auxiliaries
250,899,547
Sponsored Research
213,000,000
Financial Aid
150,426,185
Athletics
61,458,154
Education & General - College of Medicine
44,047,183
Student Activities
18,393,073
Florida State University School
12,404,459
Florida Medical Practice Plan
12,142,208
Technology Fund
10,994,704
Vending
441,552
Total
$ 1,249,366,645
38.03%
20.08%
17.05%
12.04%
4.92%
3.53%
1.47%
0.99%
0.97%
0.88%
0.04%
100.00%
Final Approval of 2013 – 2014 Budget
Final Approval of 2013 – 2014 Direct
Support Organizations Budgets
Direct Support Organizations
Proposed
Budget 2013-14
FSU Alumni Association, Inc.
FSU College of Business Student Investment Fund, Inc.
FSU Financial Assistance, Inc.
FSU Foundation, Inc.
FSU International Programs Association, Inc.
FSU Magnet Research and Development, Inc.
FSU Real Estate Foundation, Inc.
FSU Research Foundation, Inc.
John and Mable Ringling Museum of Art, Inc.
Seminole Boosters, Inc.
$
2,723,048
5,500
5,333,667
18,633,295
14,450,000
586,050
247,490
3,027,000
1,807,251
37,896,524
Florida Medical Practice Plan, Inc.
$
12,960,203
Total
$
97,670,028
Total Operating Budget Summary
(Including DSO)
Education & General
Auxiliaries
Sponsored Research
Financial Aid
Athletics
Education & General - College of Medicine
Student Activities
Florida State University School
Florida Medical Practice Plan
Technology Fund
Vending
DSO
Total
$
475,159,580
250,899,547
213,000,000
150,426,185
61,458,154
44,047,183
18,393,073
12,404,459
12,142,208
10,994,704
441,552
97,670,028
$ 1,347,036,673
35.27%
18.63%
15.81%
11.17%
4.56%
3.27%
1.37%
0.92%
0.90%
0.82%
0.03%
7.25%
100.00%
Our Annual Operating Budget is larger
than 69 Countries
American Samoa
Andorra
Anguilla
Antigua and Barbuda
Aruba
Barbados
Belize
Bhutan
British Virgin Islands
Burundi
Cape Verde
Cayman Islands
Central African Republic
Cook Islands
Djibouti
Dominica
Eritrea
Falkland Islands
Faroe Islands
Federated States of Micronesia
Fiji
French Polynesia
Gambia
Gibraltar
Grenada
Guam
Guernsey
Guinea
Guinea Bissau
Guyana
Isle of Man
Jersey
Kiribati
Liberia
Liechtenstein
Maldives
Malawi
Marshall Islands
Mauritania
Monaco
Montserrat
Nauru
New Caledonia
Niue
Norfolk Island
Northern Mariana Islands
Palau
Pitcairn Islands
Saint Helena
Saint Kitts and Nevis
Saint Lucia
Saint Pierre and Miquelon
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Seychelles
Sierra Leone
Solomon Islands
Suriname
Togo
Tokelau
Tonga
Turks and Caicos Islands
Tuvalu
U.S. Virgin Islands
Vanuatu
Vatican City
Wallis and Futuna
Operating Budget 2013 - 2014
Total Operating
Budget (in
billions)
$
3.21
1.73
1.45
Percentage
of SUS
Budget
30.98%
16.66%
14.00%
Total Revenues /
FTE*
$
71,009
53,012
30,677
Florida State University
1.25
12.05%
34,062
Florida International University
Florida Atlantic University
Florida Agricultural & Mechanical University
University of West Florida
University of North Florida
Florida Gulf Coast University
New College
Florida Polytechnic University
Total
0.92
0.69
0.35
0.26
0.26
0.19
0.04
0.02
10.36
8.84%
6.66%
3.34%
2.55%
2.53%
1.81%
0.35%
0.24%
100.00%
25,904
31,864
30,843
27,462
20,579
16,678
44,783
42,723
University of Florida
University of South Florida
University of Central Florida
*Source: 2012-13 Common Data Set (Student FTE Fall 2012)
$
Operating Budget 2013 – 2014
Peer Institutions
Total Operating
Budget (in
billions)
Ohio State University
$
University of Indiana
University of Missouri
University of Maryland
University of Georgia
University of Kansas
*Source: 2012-13 Common Data Set (Student FTE Fall 2012)
4.90
3.10
2.00
1.80
1.50
1.30
Total Revenues
/ FTE*
$
95,216
79,720
62,923
53,115
46,510
53,242
Preliminary Matrix of Operating
Expenses by Natural Classification
Functional Classification
Preliminary
FY13 Amount
FY12
$ Change
% Change
Instruction
282,292,341
280,235,386
(2,056,955)
-0.73%
Research
136,732,619
149,015,315
12,282,696
8.98%
Public Service
27,311,913
30,829,607
3,517,694
12.88%
Academic Support
60,686,042
55,802,425
(4,883,617)
-8.05%
Student Services
33,493,781
38,349,523
4,855,742
14.50%
Institutional Support
Operation and Maintenance
of Plant
Scholarships and
Fellowships
46,777,966
47,049,881
271,915
0.58%
57,378,330
55,573,942
(1,804,388)
-3.14%
78,738,751
70,797,705
(7,941,046)
-10.09%
Depreciation
60,337,171
62,386,370
2,049,199
3.40%
151,435,693
157,906,229
6,470,536
4.27%
873,252
622,059
(251,193)
-28.77%
936,057,859
948,568,442
12,510,583
1.34%
Auxiliary Enterprises
Loan Operations
Total Operating Expenses
Confidential Working Draft. Not for distribution
FY 2013 numbers are preliminary and subject to change
Components and Weights of USNWR formula
Ranking Category
Weight
Undergraduate Academic Reputation
22.5%
Student Selectivity
15%
Faculty Resources for
2011-2012 Academic Year
20%
Graduation and
Retention Rates
20%
Financial Resources
10%
Alumni Giving
Graduation Rate Performance
5%
7.5%
Subfactors
Subfractors Weight
Peer Assessment Survey
High School Counselor’s Ratings
66.7%
33.3%
Acceptance Rate
High School Class Standing
Critical Reading/Math of SAT & Composite ACT
10.0%
40.0%
50.0%
Faculty Compensation
Percent of Faculty w/ Top Terminal Degree in Field
Percent Fulltime Faculty
Student/Faculty Ratio
Class Size 1-9 Students
Class Size 50+ Students
35.0%
15.0%
5.0%
5.0%
30.0%
10.0%
Average Graduation Rate
Average Freshman Retention Rate
80.0%
20.0%
Financial Resources Per Student
100.0%
Average Alumni Giving Rate
100.0%
Graduation Rate Performance
100.0%
SUS 5-Year Capital Improvement Plan
Legislative Budget Request
PECO-ELIGIBLE PROJECT REQUESTS
Project Title
Utilities/Infrastructure/Capital Renewal/Roofs
CITF PROJECT REQUESTS
Total Requested
Total Requested
65,000,000
Student Union Expansion
FAMU-FSU College of Engineering III - Joint Use
15,034,335
Barron Building Renovation
EOAS Building (Phase I)
61,100,000
Total
STEM Teaching Lab Building
35,100,000
Firestone/Winchester Building Remodeling
30,200,000
Library System Improvements (Phase I)
19,400,000
Land Acquisition
15,000,000
Academic Support Building
37,400,000
Dittmer Building Remodeling
48,000,000
Physics Building
59,500,000
REQUESTS FROM NON-STATE SOURCES, INCLUDING DEBT
Kellogg Research Building Remodeling
16,900,000
Project Title
Biology Unit I Building Remodeling
29,300,000
Athletic Facilities Bonds and Bond Refinancing
$
35,000,000
College of Business Building
29,750,000
Total
$
35,000,000
Eppes Building Remodeling
13,000,000
Total
$
Project Title
$
474,684,335
$
41,700,000
250,000
$
41,950,000
REQUESTS FROM OTHER STATE SOURCES
No Projects at this time
Total Requested
SUS Fixed Capital Outlay Projects
Requiring BOG Approval
Project Title
GSF
Description of Project
Location
Amount
Funding
Source
Estimated
Month of
Board
Approval
Request
New Residence
Halls
187,000 Involves development of 2 new residence halls Main Campus
to be constructed on Main Campus. The 2
Tallahassee
halls are expected to provide a total of 862
new beds.
$54,000,000
Bond
Proceeds paid
in return by
Housing
Revenues
Nov-12
Athletic
Facilities &
Bond
Refinancing
250,000 Seminole Boosters, Inc. & FSU Financial
Assistance are requesting approval to issue
Educational, including Athletic Facilities
Improvement Subordinated Revenue bonds
for Campbell Stadium Improvements &
Tucker Center Improvements. These bonds
will be issued through the State Division of
Bond Finance. The Seminole Boosters, Inc.
are seeking approval to refinance a portion of
their Series 2003A bonds as well.
$35,000,000
Seminole
Boosters
Revenue
Jun-13
Main Campus
Tallahassee
Estimated Annual
Amount for Operational
& Maintenance Costs
Amount
Source
$1,500,000 Housing
(both Bldgs) Revenues
$1,000,000
Boosters
Revenue
SUS Fixed Capital Outlay Projects that
may Require Legislative Authorization
Project Title
GSF
Description of Project
Estimated Annual
Amount for
Operational &
Maintenance Costs
Amount
Source
Location
Amount
Funding Source
Minor Projects
30,000 This project seeks funding for
for FSU Facilities
minor projects that are completed
in the University's E&G Facilities
for which General Revenue funds
will be necessary for operation and
maintenance.
Main Campus
Tallahassee
$5,000,000
E&G Funds
$210,000
General
Revenue
Building 469
Postal/
Receiving
Services
Main Campus
Tallahassee
$0
Auxiliary Funds
$150,000
General
Revenue
15,000 Building 469 houses Florida State's
Postal and Receiving Services
Department.
2014-2015 Legislative Budget Request
A. Shared System Resources Initiatives
1. Excess Hours Funding Restoration
2. Need-Based Financial Aid due to Bright Futures changes
3. Major Gifts Matching Programs
5. Shared Resource Storage Facility*
NonRecurring
Funds
Recurring
Funds
$
884,971
$
2,126,193
Total
-
$
884,971
-
2,126,193
38,739,580
38,739,580
755,000
5,000,000
5,755,000
$ 3,766,164
$ 43,739,580
$ 47,505,744
-
*FSU's share of this issue is $1,151,000
Subtotal
B. Non-Recurring Issue
4. Florida Health Equity Funding
$ 1,000,000
$
-
$
1,000,000
Subtotal
$ 1,000,000
$
-
$
1,000,000
Grand Total
$ 4,766,164
$ 43,739,580
$ 48,505,744
Selected Current Projects
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•
•
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NACUBO Budget Presentation
Enhanced Reporting
Civic Center
Energy Efficiency
Golf Course Review
Auxiliaries
Affordable Care Act
Enhanced Benchmark
Debt Financing
Parking
Fall Meeting for
Academic Deans & Department Chairs
October 15, 2013
Kyle Clark
Vice President for Finance and Administration

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