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

2. 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

3. 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

4. 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

5. Total Operating Budget
FSU Operating Budget
Overall
$1.9 billion
Increase of $103 million (6%) over
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

6. 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

7. 2019-2020 Total Operating Budget Summary
FSU Operating Budget
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

8. 2019-2020 Total Operating Budget Summary
FSU Operating Budget
Total E&G
41.10%

9. 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

10. 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 budget is an estimate, and has not yet been approved by the component unit's Board.

11. 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

12. 2019-2020 FSU Undergraduate Tuition & Fees
Resident
Non-Resident
Tuition:
Tuition $
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 $ $
Fees:
Athletic Fee $
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 $
Total per Credit Hour $ $
Student Affairs Facility Use Fee per semester $
Academic Year (30 Hours)
$ ,506.50
$ ,673.00
Academic Year (30 Hours Less Tuition Differential)
$ ,018.80
$ ,185.30
No change since

13. 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

14. 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
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15. Legislative Session Performance Funding
Funding through : $54.9 million
Added colon after academic year

16. Legislative Session Preeminence Funding
Recurring funding through : $58.4 million

17. 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
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18. 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 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.

19. 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

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