1. Deans and Chairs October 13, 2015 Kyle Clark Vice President for Finance and Administration 1

2. 2015 – 2016 Operating Budget 2

3. Overview of 2015 Legislative Session Record-breaking budget of $78.7 billion During regular session, 1,755 bills filed, 231 passed During special session, 41 bills filed, 12 passed Of the bills that passed, 11 bills have an impact on Higher Education and the State University System $461.4 million was vetoed 3

4. 2015 - 2016 Total Operating Budget Summary 4 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

5. 2015 - 2016 Total Operating Budget Summary 5

6. 2015 - 2016 Component Units Operating Budgets 6 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

7. 2015 - 2016 Construction Budget 7 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

8. State University System Operating Budgets 2015 - 2016 8 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

9. Operating Budgets 2015 – 2016 Peer Institutions 9 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

10. Guiding Principles As Stated By Board of Governors Use metrics that align with Strategic Plan goals Reward excellence or improvement Have a few, clear, simple metrics Acknowledge the unique mission of the different institutions 10

11. Key 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 Percent of Bachelor’s Degrees without Excess Hours Faculty Awards – 1 Board of Trustee Choice 11

12. 2015 - 2016 Performance Funding Model Funding $100 million allocation of new funds from Performance FSU to receive $16.7 million allocation from the Performance Funding Model Performance funding grand total $400 million 12

13. 2015 - 2016 Performance Funding Metrics 13

14. 2015 - 2016 Performance Funding Model 14

15. 2015 - 2016 Performance Funding Model 15

16. 2015 - 2016 Performance Funding Model 16

17. FSU 2015 - 2016 Performance Funding Model 17

18. Preeminence Metrics - 2015 Evaluation Pending Board Approval 18

19. Undergraduate Tuition & Fees No change from 2014-2015 19 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

20. Our Annual Operating Budget is larger than 74 Countries 20 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

21. DRAFT 2016 – 2017 Operating Budget 21

22. DRAFT 2016 – 2017 Operating Budget October 19, 2015 – Call for 2016-2017 proposals January 12, 2016 – 2016 Legislative Session convenes – proposals due to Office of the Provost January 18, 2016 – Proposals due to the Budget March 11, 2016 – 2016 Legislative Session ends March 31, 2016 – Review of proposals complete 22

23. DRAFT 2016 – 2017 Operating Budget April 29, 2016 – Veto period ends; new 2016- 2017 allocations are finalized June 24, 2016 – Board of Trustees approves 2016-2017 Operating Budget July 1, 2016 – Happy New Year; new allocations provided in departmental base budgets 23

24. Finance and Administration Update 24

25. Current Projects Mandatory criminal background checks for all A&P, USPS, and Faculty appointments effective August 1, 2015 College of Engineering fiscal agent and facilities transition Payroll enhancements including faculty salary distribution 9/12 Collective bargaining Shared services Process improvements New budget system 25

26. Current Projects Public Private Partnership Guidelines – Convention, Retail, and Entertainment District – Varsity Way – Panama City Residence Hall Procurement enhancements Transportation masterplan Fleet management Human resource ERP upgrades in progress 26

27. Current Projects New Graduate Assistant payment plan Financial aid distribution Transportation and game day management Vehicle maintenance Space management Shared initiatives Energy Savings 27

28. 5-Year Capital Improvement Plan & Legislative Budget Report FY 2016-2017 through 2020-2021 28

29. Facilities Design & Construction Active Major Projects SCHEDULEBUDGET Project NumberProject Description Architect/ Engineer Bid/Guarantee Max PriceConstruction Substantial CompletionPlanningConstructionEquipmentTotal FS-242University Housing Replacement 11/15/201206/20/201308/05/201306/30/2015 $3,662,9080 $ 47,205,971 $1,307,452 $ 52,176,331 FS-221University Housing Replacement Phase 2 including Urban Eateries Dining Concept 9/29/201407/15/201508/15/201506/01/2017 6,624,19062,689,064 2,450,000 71,663,254 FS-259Earth Ocean. & Atmosph. Sci. (EOAS) 09/05/201305/01/201607/01/201605/30/2018 3,850,000 60,000,000 6,000,000 69,850,000 FS-298Asian Art Study Center 04/01/201209/15/201312/20/201306/27/2015 902,100 9,318,309 685,00010,905,409 FS-218Doak Campbell Stadium Improvements 09/01/201401/15/201502/01/201509/01/169,329,00067,188,537 2,250,000 78,767,537 31672 / 31866 Athletics Locker Room/Offices 04/24/201401/29/201503/23/201503/29/16300,0003,250,000450,0004,000,000 FS-275Interdisciplinary Research & Commercialization Bldg (IRCB) 04/15/201505/15/201606/15/201606/15/2018 5,000,000 63,000,000 17,000,000 85,000,000 FS-253Donald L. Tucker Center Varies 2,823,931 18,046,792 6,404,445 27,275,168 31780 / 31954 Tucker Locker Room Improvements 10/18/1410/30/2015Mar 16Sept 16422,8463,577,154300,0004,300,000 FS-321College of Engineering (FSU\FAMU) 02/01/201508/15/201509/01/201508/01/2016 1,600,000 8,200,000 200,000 10,000,000 Projects Underway $ 413,937,699 29

30. Earth, Ocean & Atmospheric Sciences Substantial Completion Date: August 2018 (if funds are received this session) GSF: 130,000 +/- Total Cost: $64,950,000 Fund Source: FCO Project Information: To be located at the prominent corner of Woodward Avenue & Tennessee Street, the new EOAS building will provide state of the art classrooms, teaching labs, research labs, and offices for the Earth Ocean & Atmospheric Sciences Department which has been created from the recently merged departments of Geology, Oceanography, and Meteorology. Consultants: Architects – Bohlin Cywinski Jackson Architects, Pittsburgh, PA Contractor – Ajax Construction, Tallahassee, FL 30

31. Earth Ocean Atmospheric Sciences 31

32. Earth Ocean Atmospheric Sciences 32

33. Earth Ocean Atmospheric Sciences 33

34. Earth Ocean Atmospheric Sciences 34

35. University Housing Phase 1 Substantial Completion Date: 6/15/2015 GSF: 192,000 (Buildings 1&2) Total Cost: $55,400,000 Fund Source: University Funds Project Information: This housing project adds 872 new beds in 2-bed suite style configuration. Study areas, lounges, laundry, and recreation areas are included, as well as a landscaped exterior courtyard. Substantial completion was achieved June 2015 and buildings 1&2 were occupied for the summer and fall semesters. Consultants: Architect – Gilchrist, Ross, Crowe Architects, Tallahassee, FL Contractor – Culpepper Construction, Inc., Tallahassee, FL 35

36. University Housing Phase 1 36

37. University Housing Replacement 37

38. University Housing Replacement Phase 2 Substantial Completion Date: 6/1/2017 GSF: 209,000 (Buildings 3 & 4); 19,300 GSF for Urban Eateries Total Cost: $64,500,000 Fund Source: University Funds Project Information: Dorman and Deviney have been demolished. Foundations for Buildings 3 and 4 are currently being installed. A 912-bed facility will be constructed in a suite style configuration. Common areas for study, lectures, recreation, and laundry are all included, as well as landscaped courtyards. Urban Eateries is a unique food service venue, to be located along Jefferson Street. Consultants: Architect – Gilchrist, Ross, Crowe Architects, Tallahassee, FL Contractor – Culpepper Construction, Inc., Tallahassee, FL 38

39. University Housing Replacement Phase 2 39

40. University Housing Replacement Phase 2 40

41. Doak Campbell Stadium Improvements 41 Completion Date: 8/1/2016 GSF: 75,000 new and renovated space Total Cost: $85,000,000 Fund Source: Seminole Boosters/Athletics Project Information: Improvements include the South end zone terrace/club seating and stadium seating, south end zone/ballroom expansion/renovation. Two new ingress/egress towers will be constructed along with replacement of the East/West skybox window wall, structural repairs, and mechanical upgrades. Design-Build Consultants: Architect – EMI Architects, Tallahassee, FL Contractor – Childers Construction, Tallahassee, FL

42. Doak Campbell Stadium Improvements 42

43. Doak Campbell Stadium Improvements 43

44. Doak Campbell Stadium Improvements 44

45. Interdisciplinary Research & Commercialization Building (IRCB) 45 Completion Date: 2018 (if funds are received this session) GSF: 125,000 Total Cost: $85,000,000 (including equipment) Fund Source: University Funds/FCO Project Information: This new facility will house interdisciplinary teams by creating a collaborative environment to conduct research and to develop commercialization opportunities to bring products to market. Spaces to be constructed are research labs, imaging/characterization labs, clean room facilities, collaboration spaces, administrative spaces, and building support functions. Researchers in the disciplines of biomedical engineering, chemistry, chemical engineering, condensed matter physics, and device prototyping will be accommodated. Consultants: Architect – Wilson Architects, Boston, MA Contractor – Whiting-Turner, Tampa, FL

46. Interdisciplinary Research & Commercialization Building (IRCB) 46

47. Interdisciplinary Research & Commercialization Building (IRCB) 47

48. Ringling Campus – Asian Art Study Center 48 Substantial Completion Date: 6/26/2015 GSF: 30,000 Total Cost: $9,850,000 Fund Source: University Funds Project Information: The project consists of new and renovated gallery, exhibition, educational, administrative and support space to display and accommodate Ringling’s various art collections. Consultants: Architects – Machado & Silvetti Architects, Boston, MA Contractor – Willis A. Smith Construction, Sarasota, FL

49. Ringling Campus –Asian Art Study Center 49

50. Asian Art Study Center 50

51. Asian Art Study Center 51

52. Asian Art Study Center 52

53. College of Business 53 Substantial Completion Date: 6/15/2019 (pending receipt of funds) GSF: 220,000 Total Cost: $83,000,000 Fund Source: University Funds/FCO Project Information: The project consists of a new College of Business to be constructed on the O’Connell Property, just south of the Civic Center. The nearly 220,000 GSF facility will include Academic, Institute, and Center spaces, as well as event and administrative spaces. Consultants: Architects – TBD Contractor – TBD

54. College of Business 54

55. College of Business 55

56. Strozier Library Improvements Substantial Completion Date: 8/31/2016 GSF: 125,000 Total Cost: $3,500,000 Fund Source: FCO/University Funds Project Information: The project consists of many improvements to the upper floors at Strozier Library. New furnishings, carpet, paint, ceilings/lighting, and mechanical improvements are planned. Construction is expected to start in December and will be phased to keep the library operational. All work is expected to be complete by August 2016. 56

57. Strozier Library Improvements 57

58. Deans and Chairs October 13, 2015 Kyle Clark Vice President for Finance and Administration 58