1. Florida State University New Faculty Orientation August 17, 2015 Kyle Clark Vice President for Finance and Administration

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3. Education and General (E&G) 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

4. Auxiliaries Primarily sales to University departments, students, faculty, staff, and others Also some student fees, for example: – Health – Transportation Access – Student Affairs Facility Use – Distance Learning Spending from an auxiliary should be consistent with its mission/purpose

5. Contracts and 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

6. 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

7. 2015 - 2016 Total Operating Budget Summary 7 Education & General - State Support$440,920,683 Education & General - Tuition, Fees, and Other209,926,352 Auxiliary152,461,123 Debt Service23,058,381 Contracts & Grants227,903,303 Local Funds250,180,703 Capital Projects157,150,402 Component Units114,193,526 Total$1,575,794,473

8. 2015 - 2016 Total Operating Budget Summary 8

9. 2015 - 2016 Component Units Operating Budgets 9 Seminole Boosters, Inc. $47,046,884 FSU Foundation, Inc. 20,233,226 FSU International Programs Association, Inc. 16,250,000 Florida Medical Practice Plan, Inc. 12,836,083 FSU Financial Assistance, Inc. 5,361,298 FSU Research Foundation, Inc. 3,518,000 FSU Alumni Association, Inc. 2,995,800 John and Mable Ringling Museum of Art, Inc. 2,136,420 FSU Magnet Research and Development, Inc. 1,746,590 FSU Real Estate Foundation, Inc. 644,216 Subtotal Component Unit Expenses$112,768,517 Addition to Fund Balance$1,425,009 Total Component Unit Expenses$114,193,526

10. 2015 - 2016 Construction Budget 10 Project Planned 2015-2016 Expenditures Doak Campbell Stadium$55,000,000 Housing Phase II35,000,000 Earth, Ocean and Atmospheric Science Building21,500,000 Interdisciplinary Research & Commercialization Building5,275,000 Housing Phase I4,878,908 TLCCC Locker Rooms4,000,000 All Others34,268,554 Total$159,922,462

11. Our Annual Operating Budget is larger than 74 Countries 11 American SamoaGreenlandNorthern Mariana Islands AndorraGrenadaPalau AnguillaGuamPitcairn Islands Antigua and BarbudaGuernseySaint Helena, Ascension, and Tristan da Cunha ArubaGuinea-BissauSaint Kitts and Nevis BarbadosGuyanaSaint Lucia BelizeHoly See (Vatican City)Saint Pierre and Miquelon BermudaIsle of ManSaint Vincent and the Grenadines BhutanJerseySamoa British Virgin IslandsKiribatiSan Marino BurundiLesothoSao Tome and Principe Cabo VerdeLiberiaSeychelles Cayman IslandsLiechtensteinSierra Leone Central African RepublicMalawiSolomon Islands ComorosMaldivesSuriname Cook IslandsMarshall IslandsSwaziland DjiboutiMicronesia, Federated States ofTogo DominicaMonacoTokelau EritreaMontenegroTonga Falkland Islands (Islas Malvinas)MontserratTurks and Caicos Islands Faroe IslandsNauruTuvalu FijiNew CaledoniaVanuatu French PolynesiaNicaraguaVirgin Islands Gambia, TheNiueWallis and Futuna GibraltarNorfolk Island

12. State University System Operating Budgets 2015 - 2016 12 Estimated Total Operating Budget (in billions) Percentage of SUS Budget Total Revenues / FTE* University of Florida$3.3430.36%$91,871 University of South Florida1.7916.27%56,596 University of Central Florida1.5013.64%38,583 Florida State University1.4613.27%49,613 Florida International University1.009.09%29,357 Florida Atlantic University0.756.82%40,422 University of West Florida0.292.64%39,811 Florida Agricultural & Mechanical University0.292.64%36,661 University of North Florida0.282.55%26,752 Florida Gulf Coast University0.222.00%23,009 Florida Polytechnic University0.050.45%56,778 New College0.030.27%46,267 Total$11.00100.00% *Source: 2015 System Summary of University Work Plans Draft (6/15/15) Note: Does not include teaching hospitals

13. Operating Budgets 2015 – 2016 Peer Institutions 13 Estimated Total Operating Budget (in billions) Total Revenues / FTE* Indiana University$3.3$81,311 Ohio State University2.547,001 University of Missouri2.370,867 University of Maryland1.955,080 University of Georgia1.546,266 Florida State University1.549,613 University of Kansas1.457,108 * Source: 2014-2015 Common Data Set Note: Does not include teaching hospitals

14. Key Funding Metrics 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 – Six 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 Faculty Awards – 1 Board of Trustee Choice Efficiency ranking by US News and World Report 14

16. Undergraduate Tuition & Fees No change from 2014-2015 16 RESIDENT2015-2016 NON-RESIDENT2015-2016 Tuition: Tuition$105.07 Tuition$105.07 Tuition Differential Fee49.59 Tuition Differential Fee49.59 Subtotal$154.66 Subtotal$154.66 Fees: Activity and Service Fee$12.86 Activity and Service Fee$12.86 Athletic Fee7.9 Athletic Fee7.9 Capital Improvement Trust Fund Fee4.76 Capital Improvement Trust Fund Fee4.76 Health Fee13.97 Health Fee13.97 Student Affairs Facility Use Fee2 2 Student Financial Aid Fee5.25 Student Financial Aid Fee5.25 Technology Fee5.25 Technology Fee5.25 Transportation Fee8.9 Transportation Fee8.9 Subtotal$60.89 Out-of-State Fee481.48 Out-of-State Student Financial Aid Fee24.07 Subtotal$566.44 Total per Credit Hour$215.55 Total per Credit Hour$721.10 Student Affairs Facility Use Fee per semester$20.00 Student Affairs Facility Use Fee per semester$20.00 Academic Year (30 Hours)$6,506.50 Academic Year (30 Hours)$21,673.00

17. Top 40 National Public Institutions Undergraduate - Resident Source: U.S. News & World Report 21 Pittsburgh $ 16,59031 Delaware $ 11,682 8 Pennsylvania State $ 16,44419 Connecticut $ 11,242 40 Colorado School of Mines $ 15,65425 Virginia Polytechnic Institute $ 10,923 11 Illinois at Urbana-Champaign $ 15,48911 Wisconsin-Madison $ 10,378 34 Vermont $ 15,2847 Georgia Tech $ 10,098 9 California-Davis $ 13,87716 Ohio State $ 10,037 4 Michigan-Ann Arbor $ 13,81931 Indiana-Bloomington $ 10,033 11 California-Santa Barbara $ 13,67124 Purdue $ 9,900 31 Miami-Oxford $ 13,59420 Georgia $ 9,842 6 William and Mary $ 13,57016 Texas at Austin $ 9,790 25 Minnesota-Twin Cities $ 13,45936 Colorado Boulder $ 9,482 36 California-Santa Cruz $ 13,41640 Auburn $ 9,446 40 Massachusetts Amherst $ 13,23036 Alabama-Tuscaloosa $ 9,200 9 California-San Diego $ 13,21721 Maryland-College Park $ 8,908 29 Michigan State $ 13,21125 Texas A & M-College Station $ 8,506 14 California-Irvine $ 13,12229 Iowa $ 8,057 25 Rutgers-New Brunswick $ 13,0735 North Carolina at Chapel Hill $ 7,693 1 California-Berkeley $ 12,87434 Stony Brook $ 7,560 2 California-Los Angeles $ 12,69236 SUNY College of Environmental Science and Forestry $ 6,593 21 Clemson $ 12,67440 Florida State $ 6,402 16 Washington-Seattle Campus $ 12,38314 Florida $ 6,143 2 Virginia-Main Campus $ 12,216

18. Graduate Tuition & Fees No change from 2014-2015 RESIDENT2013-14 NON-RESIDENT2013-14 Tuition: Tuition $ 403.51 Tuition $ 403.51 Subtotal $ 403.51 Subtotal $ 403.51 Fees: Activity and Service Fee $ 12.86 Activity and Service Fee $ 12.86 Athletic Fee 7.90 Athletic Fee 7.90 Capital Improvement Trust Fund Fee 4.76 Capital Improvement Trust Fund Fee 4.76 Health Fee 13.97 Health Fee 13.97 Student Affairs Facility Use Fee 2.00 Student Affairs Facility Use Fee 2.00 Student Financial Aid Fee 20.17 Student Financial Aid Fee 20.17 Technology Fee 5.25 Technology Fee 5.25 Transportation Fee 8.90 Transportation Fee 8.90 Subtotal $ 75.81 Out-of-State Fee 601.34 Out-of-State Student Financial Aid Fee 30.06 Subtotal $ 707.21 Total per Credit Hour $ 479.32 Total per Credit Hour $ 1,110.72 Facility Use Fee per semester $ 20.00 Student Affairs Facility Use Fee per semester $ 20.00 Academic Year (24 Hours) $ 11,543.68 Academic Year (24 Hours) $ 26,697.28

19. National Public Institutions Graduate - Resident Source: U.S. News & World Report Delaware $ 27,982 California-San Diego $ 12,734 Pittsburgh $ 20,076 Florida $ 12,590 Michigan-Ann Arbor $ 19,434 California-Los Angeles $ 12,566 Pennsylvania State $ 18,552 Virginia Polytechnic Institute $ 12,413 Rutgers-New Brunswick $ 16,939 Ohio State $ 12,201 Illinois at Urbana-Champaign $ 16,612 Wisconsin-Madison $ 11,833 Minnesota-Twin Cities $ 15,854 Florida State $ 11,505 Virginia-Main Campus $ 15,662 William and Mary $ 11,404 Colorado School of Mines $ 15,654 Maryland-College Park $ 11,331 Vermont $ 15,052 Colorado Boulder $ 11,173 Washington-Seattle Campus $ 14,358 Texas at Austin $ 10,918 Michigan State $ 14,334 Stony Brook $ 10,584 California-Santa Cruz $ 13,279 SUNY College of Environmental Science and Forestry $ 10,251 California-Davis $ 13,107 Purdue $ 9,900 Massachusetts Amherst $ 12,978 North Carolina at Chapel Hill $ 9,689 Georgia Tech $ 12,964 Georgia $ 9,596 California-Irvine $ 12,962 Auburn $ 9,440 California-Santa Barbara $ 12,957 Iowa $ 9,313 Miami-Oxford $ 12,912 Alabama-Tuscaloosa $ 9,200 California-Berkeley $ 12,874 Indiana-Bloomington $ 9,009 Connecticut $ 12,786 Clemson $ 8,368 Texas A & M-College Station $ 8,250

20. Finance and Administration Updates 20

21. Current Projects Mandatory criminal background checks for all A&P, USPS, and Faculty appointments effective August 1, 2015 College of Engineering fiscal agent transition Payroll enhancements including faculty salary distribution 9/12 Collective bargaining Student financial aid refunds New lab supply contract Process improvements New budget system New budget reports 21

22. Current Projects Public Private Partnership Guidelines – Convention, Retail, and Entertainment District – Varsity Way – Panama City Residence Hall Procurement enhancements Transportation masterplan Debt management Space Management Vehicle fleet management Energy efficiency projects 22

23. Current Projects Organizational changes & Transition FY 2016 Operating Budget Board of Governors Reports Textbook Affordability 23

24. Florida State University New Faculty Orientation August 17, 2015 Kyle Clark Vice President for Finance and Administration Kyle@FSU.EDU (850) 644-4444