FY2012-13 Budget Documents Executive Summary Approval of Tuition & Fees Schedule Recurring Reduction Implementation Plan Narratives Revenue Summary Expenditure.

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Presentation transcript:

FY Budget Documents Executive Summary Approval of Tuition & Fees Schedule Recurring Reduction Implementation Plan Narratives Revenue Summary Expenditure Summaries Capital Budget

FY13 Estimated Cost of Attendance Maximum Tuition and Fees Parameter 5% Set by CPE CPE Approves Tuition and Fees June 21 FY2012FY2013% Change Tuition & Fees8,0848,4724.8% Meals3, % Room4,1204,2402.9% Books1, % Total16,35416,8623.1%

Operating Budget Budget Dollar Increase Pct Increase Total Budget$388,597,000$3,550,000.9% Total E&G364,413,0004,420,0001.2% Unrestricted E&G294,853,0006,761,0002.3% Restricted E&G69,560,000(2,341,000)(3.3%) Total Auxiliary24,184,000(870,000)(3.5%)

From Every Revenue Dollar Received Only 18 cents comes from State Appropriations 44 cents comes from Tuition and Fees

$77,377,3004,952,100$72,425,200 Changes in State Appropriation FY 2012 State Appropriation Reduction in State Appropriation FY 2013 State Appropriation Budget Reduction Plan by Division

How to Balance the Budget? Revenues Expenditures

Unavoidable Cost and Commitment Allocations Total $8,287,000 Personnel $4,381,000 Operating $3,906,000

Fixed Cost Increases Library Books and Subscriptions $160,000M&O/Utilities Costs New Buildings 175,000 Contractual Obligations492,000Student Financial Assistance 2,417,000 Faculty Promotions250,000Fuel Costs, Police Dept. & Shuttle Buses 105,000 Retirement Systems Rate Increases 845,000Other Costs135,000 Total$4,579,000

Strategic Commitments 2% Salary Increase$2,100,000Nursing Growth834,000 International Legal Affairs Specialist 62,000Other Academic Programs95,000 Owensboro Campus Staffing 125,000Restricted Tuition Programs (Student Technology, Health Services, SGA/Programs) (40,000) IT personnel for Library Services 159,000DELO Distribution87,000 Minority Fac. Hiring Plan105,000Summer School(135,000) IT Critical Needs Lease316,000Total $3,708,000

Unrestricted E&G Budgeted Expenditures “By the Dollar” 58¢ Personnel 24¢ Operating 3¢ Utilities 1¢ Capital Outlay 10¢ Student Aid 4¢ Debt Service By Major Classification

Unrestricted E&G Budgeted Expenditures “By the Dollar” 1¢ Development & Alumni Relations 2¢ Finance & Administration 5¢ Information Technology 1¢ Public Affairs 2¢ Research 3¢ Student Affairs By Organizational Area 11¢ Campus Serv. & Facilities 8¢ Other 7¢ Athletics 60¢ Academic Affairs

Capital Budget General Assembly did not authorize state or agency bonds for FY12-14 biennium. WKU funds authorization received for capital projects subject to availability of funds. Annual capital leases approximately $1.4M. Capital Summary State Bonds$0 Agency Bonds DUC50,000,000 Music Hall Practice Fac/Fine Arts8,198,000 Restricted Funds46,491,750 Federal Funds831,250 Total$105,521,000

“Education is the most powerful weapon which you can use to change the world” --Nelson Mandela