1. Budget and Legislative Highlights
University of Utah
Budget and Legislative Highlights

3. 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

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

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

8. 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

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

10. 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

11. 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

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

13. South Campus Student Housing & Dining Project Budget & Schedule
Number of Beds
Dining Size (Seats)
Total Size (GSF) ,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

14. 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