Florida State University New Faculty Orientation Kyle Clark • Vice President for finance & administration August 29, 2019

Education & General Funds Appropriated by the State Legislature General Revenue (primarily Florida’s sales tax) Tuition and Fees Lottery Spending must result in a direct, specific benefit to the University Tuition Differential must be spent to enhance undergraduate education

Contracts & Grants Financial activity related to sponsored research Includes the University’s developmental research schools Spending must: comply with all University and agency requirements follow the terms of the contract/grant

Local Funds Student Activities Primarily Activity and Service (A&S) fee revenues A&S fee spending should benefit the student body Also some self-generated revenues (e.g., the Union) Technology Fee – Spending should enhance instructional technology resources Vending – Spending must result in a general benefit to the University

Total Operating Budget FSU Operating Budget Overall $1.9 billion Increase of $103 million (6%) over 2018-2019 No tuition & mandatory fee increase Significant Changes Decrease in Education and General Funds of 2% or $17 million Decrease in Designated Funds of 4% or $3 million Increase in Auxiliary Funds of 4% or $9 million Increase in Restricted Funds of 9% or $37 million Increase in Capital Funds of 41% or $69 million Increase in Component Units of 8% or $7 million

Total Operating Budget FSU Operating Budget Significant Changes to Expense Increased Faculty Hires which will enable us to offer new programs of strategic interest, reduce our class sizes, and continue to build on our research capabilities Continue to build and improve recruiting tools for prospective students and families along with financial aid enhancements Additional graduation and retention enhancements Enhance student support, student services, and student career preparation Continue to build upon the operational excellence and efficiencies. This investment will enable us to provide the very best service to students, families, faculty and staff Enhance graduate, professional programs and student support

2019-2020 Total Operating Budget Summary FSU Operating Budget 2018-2019 2019-2020 Education & General - State Support $586,142,857 $568,695,996 Education & General - Tuition & Fees 212,490,698 213,698,820 Designated 75,193,792 72,256,730 Auxiliary 239,599,418 248,471,880 Debt Service 24,014,205 23,915,364 Restricted 405,881,103 443,142,535 Capital Projects 169,519,158 238,716,784 Component Units 87,584,516 94,596,319 Total $1,800,425,747 $1,903,494,428

2019-2020 Total Operating Budget Summary FSU Operating Budget Total E&G 41.10%

2019-2020 Construction Budget Student Union Expansion Phase I $60,000,000 Earth, Ocean and Atmospheric Science Building 31,461,817 Bio-Med Research Facility 21,196,658 FSUS STEAM Building 15,000,000 Hoffman Teaching Lab Renovations 11,300,000 Don Veller Golf Course 4,482,700 Center for Advanced Propulsion Systems Building 4,311,490 Technology Services Building 3,108,784 Campus Dining & Kitchen Renovations 1,939,131 All Others (159 Projects) 85,916,204   TOTAL DISTRIBUTION BY PROJECT $238,716,784

FSU Operating Budget 2019-2020 Component Units Seminole Boosters, Inc. $48,991,000 1 FSU Foundation, Inc. 10,754,827 FSU International Programs Association, Inc. 18,750,000 FSU Financial Assistance, Inc. 15,797,000 Florida Medical Practice Plan, Inc. 8,429,289 FSU Research Foundation, Inc. 4,058,100 FSU Alumni Association, Inc. 965,597 John and Mable Ringling Museum of Art, Inc. 2,741,073 FSU Real Estate Foundation, Inc. 101,000 FSU Magnet Research and Development, Inc. 108,360 FSU College of Business Student Investment Fund, Inc. 6,750 FSU Athletics Association, Inc. 4,208,816 SUBTOTAL COMPONENT UNIT EXPENSES $114,911,812 Addition to Fund Balance $8,113,125 TOTAL COMPONENT UNIT EXPENSES $123,024,937 1 The 2019-2020 budget is an estimate, and has not yet been approved by the component unit's Board.

2016-2017 Peer Institutions Operating Budgets Estimated Total Operating Budget (in billions) Indiana University $3.2 Ohio State University 2.9 University of Missouri 2.4 University of Maryland 2.0 University of Georgia 1.5 Florida State University 1.4 University of Kansas 1.2 Note: Does not include teaching hospitals or Component Units

2019-2020 FSU Undergraduate Tuition & Fees Resident Non-Resident Tuition: Tuition $ 105.07 Student Financial Aid Fee 5.25 Capital Improvement Trust Fund Fee 4.76 Out-of-State Fee - 481.48 Student Financial Aid 24.07 Subtotal $ 115.08 $ 620.63 Fees: Athletic Fee $ 7.90 Activity and Service Fee 12.86 Health Fee 13.97 Transportation Fee 8.90 Tuition Differential Fee 49.59 Student Affairs Facility Use Fee 2.00 Technology Fee $ 100.47 Total per Credit Hour $ 215.55 $ 721.10 Student Affairs Facility Use Fee per semester $ 20.00 Academic Year (30 Hours) $ 6,506.50 $ 21,673.00 Academic Year (30 Hours Less Tuition Differential) $ 5,018.80 $ 20,185.30 No change since 2013-2014

Our Annual Operating Budget is Larger than 75 Countries  American Samoa  Faroe Islands  Madagascar  Saint Vincent and the Grenadines  Anguilla  Fiji  Malawi  Samoa  Antigua and Barbuda  French Polynesia  Maldives  San Marino  Aruba  Gambia  Marshall Islands  Sao Tome and Principe  Barbados  Gibraltar  Mauritania  Seychelles  Belize  Greenland  Micronesia, Federated States of  Sierra Leone  Bermuda  Grenada  Monaco  Solomon Islands  Bhutan  Guam  Montserrat  Somalia  British Virgin Islands  Guernsey  Nauru  Suriname  Burundi  Guinea  New Caledonia  Swaziland  Cabo Verde  Guinea-Bissau  Niue  Togo  Cayman Islands  Guyana  Norfolk Island  Tokelau  Central African Republic  Isle of Man  Northern Mariana Islands  Tonga  Chad  Jersey  Palau  Turks and Caicos Islands  Comoros  Kiribati  Pitcairn Islands  Tuvalu  Cook Islands  Kosovo  Saint Helena and Dependencies  US Virgin Islands  Djibouti  Lesotho  Saint Kitts and Nevis  Vanuatu  Dominica  Liberia  Saint Lucia Vatican City  Falkland Islands  Liechtenstein  Saint Pierre and Miquelon

Performance Funding Common to All Universities Percent of Bachelor’s Graduates Employed and/or Continuing their Education Further 1 Year After Graduation Median Average Full-Time Wages of Undergraduate Employed in Florida 1 Year After Graduation Average Cost per Undergraduate Degree to the Institution Four Year Graduation Rate Academic Progress Rate Bachelor’s Degrees Awarded in Areas of Strategic Emphasis University Access Rate Graduate Degrees Awarded in Areas of Strategic Emphasis Institution Specific Metrics 1 Board of Governors Choice Percent of Bachelor’s Degrees without Excess Hours 1 Board of Trustee Choice Efficiency ranking by US News and World Report/ Entrepreneurship and Innovation Classes Performance Funding Font on this slide was Garamond--I changed it to Calibri for consistency. Reduced font size from 16 to 14 to increase spacing between sentences in text box. Bolded headings

Legislative Session Performance Funding Funding through 2019-2020: $54.9 million Added colon after academic year

Legislative Session Preeminence Funding Recurring funding through 2019-2020: $58.4 million

What is Concur? Concur FSU’s reimbursement tool for travel and other expenses, including FSU Foundation Designed to enhance the traveler’s experience The University and Concur have many partnerships with popular travel vendors including hotels, rental car agencies Uber, Lyft, etc Can use it anywhere there is internet, available on smartphones as well 24/7 access to a travel agency in case of any emergencies Font on this slide was Garamond--I changed it to Calibri for consistency. Reduced font size from 16 to 14 to increase spacing between sentences in text box. Bolded headings

Finance & Administration New Initiatives Refined Active Shooter Training and increased training sessions by 200% since February of last year. Selected a vendor to provide campus transit service. The new contract will transition to all electric buses, has built-in performance measures, and additional technology to track all buses. Completed the implementation of FSU Ride Share. Provides a way for people to post carpool opportunities, find rides, and match-up with people using other modes of transportation. FSU was recognized by the Tallahassee Women Lawyers chapter as the 2018 recipient of the Diversity and Inclusion Award in the Government Entity/Organization category. For third consecutive year, FSU recognized by Insight to Diversity magazine as a “Diversity Champion” in higher education.

Finance & Administration New Initiatives Cenergistic has made Phase 1 (temperature set points) changes in University buildings starting. New Employee Dependent Scholarship program. Newly renovated campus dining facilities and food service program. Suwannee room, Steak and Shake, Subway, Argo Tea, Einstein Bros. Bagels, Pollo Tropical Space Efficiency and Policy Workgroup 7% State Reserve Requirement Nonrecurring Spending Plan

Florida State University New Faculty Orientation Kyle Clark • Vice President for finance & administration August 29, 2019