Budget and Legislative Highlights University of Utah Budget and Legislative Highlights

Sources of Revenue in Support of Operations $4,689,505 Amounts in Thousands Sources of Revenue in Support of Operations For the Year Ending June 30, 2017

Operating Expenses $4,364,965 Compensation and benefits For the Year Ending June 30, 2017

Functional Classification of Operating Expenses $4,364,965 Functional Classification of Operating Expenses For the Year Ending June 30, 2017

Compensation Compensation – 2.5% Appropriations $10,152,800 Tuition $ 3,259,600 Total $13,412,400 Health Insurance increased 4.1% Dental Insurance decreased 3.0% Compensation

Budget Priorities Student Growth & Capacity $1,391,600 Completion $ 401,400 Workforce $2,563,300 Budget Priorities

Identify gaps (with DWS): high demand, high-wage occupations that are under-supplied with appropriately skilled employees. Establish goals and incentives: Close targeted gaps through graduation increases in targeted programs, regions. Create and document stackable pathways: From CTE programs to baccalaureate degrees, especially in pathways targeted through the capacity/demand labor market analysis. Improve linkages to USTC and high school programs: increase number of USTC programs that transfer, leverage concurrent enrollment. Increase the number of meaningful work-based learning partnerships: where work experience is linked to a program of study, with goals based on job placement and wage outputs. Seek stable and on-going funding for Talent Ready Utah and Strategic Workforce Initiatives Workforce

Poison Control $535,000 School of Dentistry $500,000 Dual Language Bridge $500,000 Grad Certificate $250,000 Rural Medicine Safe Utah $175,000 Recover at the U $100,000

Building Medical Education $ 45,000,000 and Discovery Student Housing $105,217,000 Building

South Campus Student Housing & Dining Project Budget & Schedule Number of Beds 992 Dining Size (Seats) 650 Total Size (GSF) 344,500 Construction Cost $83,343,000 ($241.92/GSF) Soft Cost $21,874,000 Total Project Cost $105,217,000 ($305.42/GSF) Funding: Revenue Bond $77,717,000 Donations $15,000,000 Food Vendor $12,500,000 Total Funding $105,217,000 Expected Opening Fall 2020

Planning, Goals, Assumptions September to December July to September Fiscal Year Close, Analysis, Assessment Budget and Plan Development January to March Budget Management & Monitoring Budget and Plan Approval All Year April to June University Budget Cycle