A Primer on The University Budget Fiscal Year 2014-15.

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Presentation transcript:

A Primer on The University Budget Fiscal Year

Budget Summary (Operating Budget) $ Millions Academic Enhancement $892 Total Budget $2,658 Self Supporting $417 Academic Core $1,349

Total University Sources (Operating Budget) $2,658 Million

4 The Permanent University Fund (PUF) PUF Lands Available University Fund (AUF) 2/3 UT System1/3 A&M System System Costs PUF Bonds UT Austin UT Austin receives about 30% of the total AUF income from the PUF UT Austin FY 14/15 $206 M (recurring) PUF Cash Investments (Leases) (Return on Investment)

Total University Uses (Operating Budget) $2,658 Million

Academic Core Sources (Operating Budget) $ Millions State General Revenue $317 Tuition $596 Academic Core $1,349 Other** $89 Indirect Cost $84 AUF* $206 R $32 NR $25 NR *AUF includes annual payout (varies annually), $32M for FY as a result of an increase in the payout rate that may not recur to FY 15-16, and the $25M allocation for the Medical School for FY **Other includes Budgeted Balances, Intellectual Property Income, and Administrative Fee, etc.

Academic Core Uses (Operating Budget) $1,349 Million

Academic Core Salaries & Benefits (Operating Budget) $805 Million

Academic Enhancement Budget (Operating Budget) $ Millions Contracts & Grants* $562 Gifts $221 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 $84M is included in the Academic Core Academic Enhancement $892 Other $109

Self Supporting Budget (Operating Budget) $ Millions Other $113 Auxiliary Enterprises include: Intercollegiate Athletics:$146M Housing & Food: $84M AT&T Exec. Ed & Conference Ctr. $26M Erwin Center: $23M Parking & Transportation: $18M Other include: Continuing Education, Performing Arts Center, UIL, KUT, McDonald Observatory, Option III programs, Dana Center, LBJ Wildflower Center, etc. Self Supporting $417 Auxiliary Enterprises $304

Academic Core Budget 11

FY to FY Academic Core Projected Budget Sources $Millions 12 ($ in millions) Budget Forecast Forecast Forecast Forecast State General Revenue (GR) Flat Rate Tuition (net of Texas Tomorrow incl Environment Service Fee and Student Activity Center Fee) Enrollment Differential AUF System Estimate - Recurring AUF – One-time Increase in Payout AUF – Medical School 25.0 Indirect Cost 83.8 Other Revenue Balances Total Budget Sources 1,349.31,316.71,339.81,339.91,359.2

FY to FY Academic Core Projected Budget Forecast $ Millions 13 ($ in millions) Budget Forecast Forecast Forecast Forecast Increase/(Decrease) over Prior Year:71.3(32.6) Total Budget Sources 1, , , , ,359.2 Total Status Quo Uses1,278.01,306.11, ,314.0 Net Funds to Allocate Less: Required Fringe, Financial Aid, and Facility Increases Net Funds to Allocate50.7(20.9)(20.4)(49.9)(41.1)

Budget Academic Core Budget $ Millions

Budget Academic Core Budget $ Millions