ALL FUNDS OPERATING BUDGET FY2016. Institutional Budget Document Page 1

Transcription

1 ALL FUNDS OPERATING BUDGET FY2016 Institutional Budget Document Page 1

2 Table of Contents Introduction... 3 Budget Highlights... 4 General Fund Changes... 4 Tuition & Fees Rate Increase %... 4 Enrollments... 4 Utilities... 4 Leases... 4 ASC Rate... 5 Facilities and Administrative Cost Recovery... 5 Responsibility Centered Management (RCM)... 6 Organizational Changes... 6 Financial Aid... 6 All Funds Operating Budget... 6 Permanent Allocated Funding Base Report... 6 Spending Authority... 6 Gross Tuition & Fees Detail... 7 Auxiliary Report... 7 Capital Development Plan... 7 Financial Status... 7 Appendix 1-1: All Funds Operating Budget FY Appendix 1-2: All Funds Operating Budget FY2015 vs. FY Appendix 2: Permanent Allocated Funding Report Appendix 3: Spending Authority Appendix 4: Gross Tuition and Fees Detail Appendix 5: Auxiliary Report (1 of 3) Appendix 5: Auxiliary Report (2 of 3) Appendix 5: Auxiliary Report (3 of 3) Appendix 6: Capital Development Plan (1 of 3) Appendix 6: Capital Development Plan (2 of 3) Appendix 6: Capital Development Plan (3 of 3) Appendix 7: Financial Status Institutional Budget Document Page 2

3 Introduction The University of Arizona s FY2016 budget is a reflection of its Never Settle Strategic Plan to redefine higher education through engagement, innovation, partnerships and synergy. With $31 million decrease in State General Fund appropriation, the University of Arizona is generating other sources of revenues to fulfill its operational and educational needs. Key features of the proposed FY2016 All Funds Operating Budget include: Sources: $31 million decrease in General Fund appropriations 3%-4% increase in non-guaranteed tuition and 1%-5% additional increase in guaranteed tuition Projected 997 enrollment growth in FY2016 Increase in other sources primarily due to Banner Affiliation Agreement Uses: $39 million increase in Research and $73.8 million increase in Academic Support With these key features in place, the FY2016 budget of $2.365 billion represents a $162 million or 7.35% increase over the FY2015 budget. The Educational and General portion of the budget is $1.183 billion and represents a $71.95 million or 6.5% increase over the FY2015 budget. The sources and uses associated with the proposed $162.1 million increase in the budget are highlighted in the table below. Proposed Increase in Sources and Uses: Sources: Change FY'15 vs. FY'16 (In Millions) 1. General Fund $ (31.00) 2. Tuition Other Total Sources $ Uses: 5. Instruction $ Research Public Service (11.60) 8. Academic Support Student Services (7.20) 10. Institutional Support Auxiliary Financial Aid (Student Support) Plant & Facilities Renovations (2.90) 14. Debt Service Total Uses $ Institutional Budget Document Page 3

4 Budget Highlights General Fund Changes The table below explains general fund changes from FY15 to FY16: FY15 General Fund $280,131,500 * Statewide Insurance Adjustment (2,591,600) Budget Reduction (28,442,400) Change in Research Infrastructure 400 FY16 General Fund 249,097,900 * * Includes $1,205,000 included in ABOR Budget for Performance Funding Tuition & Fees Rate Increase % FY16 represents a general 3% Increase for Residents, a 4% Increase for Under Graduate -Resident Guaranteed Tuition and College of Medicine-Non Residents, a 6% Increase for Under Graduate & Graduate - Non Residents, and an 11% increase for Under Graduate Non Resident Guaranteed Tuition. FY15 FY16 Increase % Increase Under Graduate-Resident $9,576 $9,864 $288 3% Under Graduate-Resident(UA South) $7,820 $8,056 $236 3% Under Graduate-Resident Guaranteed Tuition $9,952 $10,390 $438 4% Under Graduate-Non Resident $27,374 $29,018 $1,644 6% Under Graduate-Non Resident Guaranteed Tuition $28,416 $31,618 $3,202 11% Graduate-Resident $10,718 $11,040 $322 3% Graduate-Non Resident $27,700 $29,362 $1,662 6% College of Medicine-Resident $29,260 $30,284 $1,024 3% College of Medicine-Non Resident $48,818 $50,528 $1,710 4% Enrollments Below is a history of enrollment for the past four years, FY16 Enrollment Growth projected for FY16 Budget Submission, and FY16 Total Projected Enrollment: FTE FY12 FY13 FY14 FY15 Utilities FY16 base budget represents $1.2 million increase from FY15 base budget. Leases No change in FY16 base budget from FY15. FY16 Proj Change FY16 Proj Total Grad Non-Resident 3,924 3,718 3,627 3, ,900 Grad Resident 3,398 3,670 3,883 3, ,060 Undergrad Non-Resident 9,915 10,277 10,445 11, ,135 Undergrad Resident 21,292 21,949 22,117 22, ,507 College of Med - MD Total 39,183 40,314 40,791 42, ,385 *Note - Unclassified FTE was apportioned based on Classified to create Residency. Institutional Budget Document Page 4

5 ASC Rate The purpose of the Administrative Service Charge (ASC) is to recover overhead costs incurred by the institution on behalf of accounts which are not directly funded by either state appropriations or sponsored grants and contracts. The Administrative Service Charge rate is assessed on accounts that fall within the Auxiliary and Designated fund groups. Only revenues from external sources (such as, faculty, staff, and students) are used to calculate the ASC. The following revenues, identified as internal charges (by object code used), are excluded: 1. Revenues from interdepartmental billings and gifts. 2. Institutional fees (such as tuition, art fees, indirect cost, and utility pass-through charges). The revenues generated from the Administrative Service Charge (ASC) are used specifically to support overhead costs (activities on campus which benefit the entire institution, but which are not easily assignable to any one unit, for example, utilities, processing payroll and purchase orders). History of ASC rates is listed below. ASC RATE - Revenue ASC RATE - Expenditure FY06/ % FY07/ % FY08/ % FY09/ % FY10/ % FY11/ % FY12/ % FY13/ % FY14/ % FY15/ % 1.00% In FY16, the ASC rate on external revenues increases from 9% to 9.5% in response to the state budget reductions. Additionally, a new component of the ASC rate was implemented as 1% on operational expenditures (excluding student aid, cost of goods sold including animal and feed, the ASC revenue component Object Code 7955, and transfers) on all auxiliary and designated funds unless protected (institutionally mandated accounts and service centers) or already reduced as a part of the base cuts (F&A return, retained fees, program fees and differential tuition, and mission support agreements). Splitting the ASC rate into a revenue and expenditure component broadens the base of funds to which budget reductions are applied, provides greater flexibility in recovering funds across a fiscal period instead of all at once, balances out recovery mechanisms between auxiliary units that have greater rate variability, and encourages strategic investments and savings. Facilities and Administrative Cost Recovery The university receives reimbursement for facilities and administrative costs, or indirect costs, associated with external research. A portion of this reimbursement is returned to the colleges to support research activities that cannot be direct charged to Grants. Rates Charged to Grants & Contracts: The indirect cost rates vary depending upon type and location of the research activity. Current FY16 on-campus rate is 53.5% and off-campus rate is 26%. The rates approved in Colleges and Universities Rate Agreement are generally for use on grants, contracts and other agreements with the Federal Government. Institutional Budget Document Page 5

6 Indirect Cost Revenue Distribution to the University and the Colleges: Indirect Cost Allocation is 75% to the university and 25% to the colleges. The Facilities & Administrative Perm Base Recovery projections were reduced from $85.8M in FY15 to $79.8M in FY16, or by $8M. Responsibility Centered Management (RCM) The University adopted an RCM framework for distributing new tuition revenues going into FY16. New incremental Undergraduate Tuition was distributed to Colleges/Responsibility Center Units (RCUs) based on Credit Hours Taught (75% of distribution) and Majors (25% of distribution) and Graduate Tuition based on Majors (75% of distribution) and Credit Hours Taught (25% of distribution). The distributions were made net of an assessment for Support Center Expense Recovery (30.96% for Undergraduate Tuition and 12.38% for Graduate Tuition) and Strategic Investment (1.69%) and were based on the incremental change between FY15 and FY14 activity. Total new Allocated Tuition for FY16 was $36M, with $25.1M distributed to Colleges net of assessments. Organizational Changes Real Estate Administration moved from Business Affairs General to Planning Design and Construction. Government and Community Relations moved from SVP University Relations to Divisions of the President. Office of Diversity and Inclusion, Hispanic Center of Excellence, AHS Administration-Instruction, and the Cancer Center all moved from College of Medicine Tucson to SVP Health Sciences. Lowell Institute for Mining Research moved from College of Engineering to College of Science. School of Information Resources and Library Science and School of Information, Science, Technology, and Arts merged into new School of Information in Social and Behavioral Sciences. Financial Aid ABOR Policy states that Regents set aside amount for each university shall be 14% of the resident tuition for the academic year multiplied by the estimated sum of resident full pay equivalents and non-resident full pay equivalents. The Board may consider additional Regents set aside amounts at its discretion. In years FY09 and prior, the university set aside 15%. From FY10 to FY13 the regents required the universities to set aside 17%. Beginning in FY14, per ABOR, the set aside amount is to be calculated on 14% of the margin. Beginning in FY16, Regent s Set-aside is no longer being collected on Mandatory Fees. All Funds Operating Budget Appendix 1-1: All Funds Operating Budget FY2016 includes 2016 Operating Budget for All Funds, presented in total sources, total uses by program, and total uses by natural expense category. Appendix 1-2: All Funds Operating Budget FY2015 vs. FY2016 includes All Funds Operating Budget for FY2015, FY2016, and change from FY2015 to FY2016. Permanent Allocated Funding Base Report FY15-16 Permanent Allocated Funding Base as of 11/23/15 including State, Locally Allocated, and Exemptions information is listed in Appendix 2: Permanent Allocated Funding Base. Spending Authority FY16 Spending Authority includes State Expenditure Authority for FY2016 Original Budget, FY2016 Revised Budget, and the changes. See Appendix 3: Spending Authority for details. Institutional Budget Document Page 6

7 Gross Tuition & Fees Detail The table in Appendix 4: Gross Tuition and Fees Detail lists five year history (FY2011-FY2015) and one year estimate (FY2016) of Gross Tuition and Fee Revenues. Auxiliary Report The tables in Appendix 5: Auxiliary Report (1 of 3), Appendix 5: Auxiliary Report (2 of 3), and Appendix 5: Auxiliary Report (3 of 3) list five year history (FY2011-FY2015) and one year estimate (FY2016) of Revenues, Expenditures & Net Transfers, and Ending Fund Balance for Auxiliary Enterprise. Capital Development Plan The table in Appendix 6: Capital Development Plan (1 of 3) includes board approval status and other detailed information about new and previously approved capital projects. The table in Appendix 6: Capital Development Plan (2 of 3) includes annual debt service b funding source for new and previously approved capital projects. The table in Appendix 6: Capital Development Plan (3 of 3) includes operation and maintenance by funding source for new and previously approved capital projects. Financial Status The table in Appendix 7: Financial Status includes FY2013-FY2015 actual financial status with projections through FY2021. Institutional Budget Document Page 7

8 Appendix 1-1: All Funds Operating Budget FY2016 University of Arizona FY All Funds Operating Budget (in millions) STATE/ COLLECTIONS UNRESTRICTED AUX. RESTRICTED 10) TOTAL Percent % 27.7% 36.4% 11.0% 24.9% 100.0% Admin. State Exp. Ret. Indirect Invest. Servc. Other TRIF Rstr. Scholarship Grant/Contract SOURCES Authority Tuition Cost Income Charge Dsgn. 9) Auxiliary 301 Gifts Govt. Private Federal Other General Fund % Tuition 1) % Other 2) , % TOTAL SOURCES , % USES BY PROGRAM Instruction % Research 3) % Public Service % Academic Support 4) % Student Services 5) % Institutional Support 6) % Auxiliary % Financial Aid (Stud. Sppt) % Plant & Facilities Renovations % Debt Service % TOTAL USES BY PROGRAM , % USES BY EXPENSE Personal Services 7) % Employee Related Exp. 8) % Prof. & Outside Srvc % Travel In-State % Travel Out-of-State % Other Oprn. Exp % Library Acquisitions % Capital Equip, Land & Bldg % Utilities % Financial Aid (Schlshp & Fllwshp) % Plant & Facilities Renovations % Debt Service % Administrative Svc Chg % Indirect Cost Recovery % TOTAL USES BY EXPENSE , % Institutional Budget Document Page 8

9 Appendix 1-2: All Funds Operating Budget FY2015 vs. FY2016 UNIVERSITY OF ARIZONA Proposed All Funds Operating Budget FY2016 (In Millions) FY2015 FY2016 Change Budget Proposed from FY2015 Budget Budget Sources: General Fund $ $ $ (31.00) Tuition Other 1, , Total Sources 2, , Uses by Program: Instruction $ $ $ 0.90 Research Public Service (11.60) Academic Support Student Services (7.20) Institutional Support Auxiliary Financial Aid (Stud. Sppt) Plant & Facilities Renovations (2.90) Debt Service Total Uses by Program 2, , Uses by Expense: Personal Services $ $ $ Employee Related Exp Prof. & Outside Srvc (2.70) Travel In-State Travel Out-of-State Other Oprn. Exp (3.50) Library Acquisitions Capital Equip, Land & Bldg (2.00) Utilities Financial Aid (Schlshp & Fllwshp) Plant & Facilities Renovations (1.40) Debt Service Administrative Svc Chg Indirect Cost Recovery Total Uses by Expense 2, , Institutional Budget Document Page 9

10 Appendix 2: Permanent Allocated Funding Report FY2016 Perm Base Report State ASC Retained Fees ICR Total Base Total Exempt Base Less Exempt MAIN CAMPUS 546,835,418 19,544, ,693,500 41,931, ,005, ,934, ,070,570 PRESIDENT'S OFFICE 11,425,918 5,390,555-2,954,925 19,771,398 28,000 19,743,398 President's Units 5,531,495 4,846,552 2,834,548 13,212,595 28,000 13,184,595 SVP University Relations 5,894, , ,377 6,558,803-6,558,803 SVP ACADEMIC AFFAIRS & PROVOST 399,357,123 3,117,838 36,224,256 19,431, ,131,060 63,332, ,798,414 Academic Affairs & Provost 8,646, , ,959 9,250, ,724 8,735,679 Ag-Extension 16,170,600 16,170,600 1,293,180 14,877,420 Agriculture & Life Sciences 38,647, , ,945 39,592,015 2,847,041 36,744,974 Architecture & Landscape Architecture 6,412, ,000 7,147, ,000 6,664,835 College of Letters Arts & Sciences 169, , ,649 Education 10,781,414-10,781,414-10,781,414 Eller College of Management 30,754,216 11,868,000 42,622,216 11,868,000 30,754,216 Engineering 20,942,312 3,243, ,547 24,702,359 3,243,500 21,458,859 Fine Arts 16,111, ,200 16,665, ,600 16,135,850 Human Resources 3,335,582 51,294 83, ,839 4,035,840 22,000 4,013,840 Humanities 23,240,448 13,482 23,253,930-23,253,930 Institutional Unassigned 1,939,786 1,939,786 1,939,786 - Law 12,022,140 6,656,800 18,678,940 7,296,601 11,382,339 Library 20,138, ,200 1,556,156 22,421,084 8,698,599 13,722,485 Optical Sciences 3,626, ,626,426-3,626,426 Science 76,742, , ,380 77,439,390 3,564,857 73,874,533 Social & Behav Sciences 47,537,909 1,769,600 37,200 49,344,709 1,769,600 47,575,109 SVP Research & Graduate Studies 16,956,772 1,251,266 11,434,692 29,642,730 9,227,730 20,415,000 SVP Student Affairs & Enrollment Management 16,755, ,787 6,145, ,513 23,688,255 2,082,204 21,606,051 The Honors College 1,215,202 17,600 2,050,000 3,282,802 2,050,000 1,232,802 UA South 7,617,001 7,617, ,516 7,288,485 Vice Provost for Academic Affairs 2,667, ,516 2,821,601-2,821,601 VP Outreach/Global Initiatives 2,496, ,443 50,329 90,994 2,843,501-2,843,501 VP University Information Technology, CIO 14,430,333 2,203,689 3,759,102 20,393,124 5,573,708 14,819,416 SVP BUSINESS AFFAIRS 136,052,377 11,036, ,469,244 19,545, ,102, ,574,090 48,528,758 Business Affairs 65,756,854 5,797,053 15,901,944 17,238, ,694,662 56,165,904 48,528,758 Institutional Unassigned 70,295,523 5,239, ,567,300 2,306, ,408, ,408,186 - AHS 110,052, ,000 8,169,400 30, ,026,882 11,344, ,682,682 Clinical Teaching 8,664,639 8,664,639-8,664,639 College of Medicine - Phoenix Campus 30,854,000 30,854,000 3,200,000 27,654,000 Liver Research Institute 453, , ,800 Medicine 44,155,022 25,200 30,000 44,210,222-44,210,222 Nursing 6,133,484 2,596,100 8,729,584 2,596,100 6,133,484 Pharmacy 7,050,579 5,080,000 12,130,579 5,080,000 7,050,579 Public Health 7,094, ,100 7,562, ,100 7,094,318 Rural Rotations--College of Medicine 262, , ,513 Rural Rotations--College of Nursing Rural Rotations--College of Pharmacy SVP Health Affairs 3,529, ,000 4,304,685-4,304,685 Telemedicine 1,854,400 1,854,400-1,854,400 Grand Total 656,887,900 20,319, ,862,900 41,961,888 1,011,032, ,278, ,753,252 Institutional Budget Document Page 10

11 Appendix 3: Spending Authority UNIVERSITY OF ARIZONA FY 2016 STATE EXPENDITURE AUTHORITY UNIVERSITY TOTAL ($ IN THOUSANDS) ORIGINAL BUDGET INCREASE/ DECREASE BUDGET INCREASE/ DECREASE BUDGET FY 2015 $ FY 2015 $ % FY 2016 STATE GENERAL FUND APPROPRIATION 280, ,131.5 (31,033.6) -11.1% 249,097.9 UNIVERSITY GENERATED REVENUES Tuition Revenue Resident Undergraduate Tuition 198, , , , % 208,593.5 Resident Graduate Tuition 55,369.9 (599.2) 54, , % 58,802.3 Non Resident Undergraduate Tuition 259, , , , % 324,006.0 Non Resident Graduate Tuition 55,932.9 (2,822.5) 53, , % 56,327.0 Subtotal Tuition 569, , , , % 647,728.8 Differential Tuition/Special Program Fees Revenue College of Architecture & Landscape Architecture (75.3) % College of Agriculture and Life Sciences % College of Engineering 3,690.9 (472.4) 3, % 3,243.5 College of Fine Arts (83.4) -13.6% College of Medicine-Tucson % 25.2 College of Nursing 2, , % 2,596.1 College of Pharmacy 4,900.0 (24.9) 4, % 5,080.0 College of Public Health (6.4) -1.3% College of Science (10.7) % College of Social and Behavorial Science 1,884.6 (169.3) 1, % 1,795.1 Eller College of Management 9, , , % 11,868.0 Honor's College 2,300.0 (114.6) 2,185.4 (135.4) -6.2% 2,050.0 James E Rogers College of Law 3, , ,702.1 (45.3) -0.7% 6,656.8 Subtotal Differential Tuition/Special Program Fees Revenue 31, , , , % 36,124.4 Other Revenues Summer Session Reimbursement 2, , % 2,900.0 State Land Grant Endowments % Federal Transfer Payment - Agriculture 3, , % 3,719.0 Distribution to UA South % 0.0 Distribution to AHS % 0.0 Miscellaneous % Balances Forward % 0.0 Subtotal Other Revenues 7, , % 7,348.4 TOTAL UNIVERSITY REVENUES 607, , , , % 691,201.6 LESS: University Revenues Retained for Local Uses Operating Budgets 32,334.5 (1,102.6) 31, , % 35,135.1 Program Fees/Differential Tuition 27, , , % 29,257.7 Regents Financial Aid Setaside 41, , , , % 46,007.0 Other Financial Aid 126, , , % 142,669.5 Plant Funds 6,123.9 (1,347.4) 4, % 4,776.5 Debt Service / COPs / Lease Purchase 28, ,952.4 (800.0) -2.8% 28,152.4 Total Retained for Local Uses 262, , , % 285,998.2 UNIVERSITY REVENUES REMITTED TO STATE (STATE COLLECTIONS) 344, , , , % 405,203.4 PLUS: STATE GENERAL FUND APPROPRIATION 280, ,131.5 (31,033.6) -11.1% 249,097.9 TOTAL STATE EXPENDITURE AUTHORITY 625, , , , % 654,301.3 Institutional Budget Document Page 11

12 Appendix 4: Gross Tuition and Fees Detail University of Arizona Gross Tuition and Fee Revenues Detail ($000) Actuals Revised FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Revised NR UG 202, , , , , ,500 RES UG 150, , , , , ,000 NR Grad 44,563 47,390 51,383 51,996 55,088 60,400 RES Grad 42,800 49,963 53,022 54,071 56,210 63,500 Prog Fees/Diff 24,779 26,883 27,933 30,253 36,907 37,500 Course Fees 2,402 2,476 2,973 2,946 4,093 4,200 Ext Ed Fees + Online 9,754 9,305 9,145 9,597 16,656 14,000 New Online 6 6,000 Non Degree 4,055 4,076 4,466 5,369 5,535 5,400 Summer Session 21,206 22,482 33,430 23,887 32,187 28,700 Mandatory Fees 23,514 32,809 33,837 37,937 39,168 40,000 Other Misc 11,482 12,694 12,712 18,718 17,513 17,500 Total Tuition & Fees 537, , , , , ,700 Institutional Budget Document Page 12

13 Appendix 5: Auxiliary Report (1 of 3) UNIVERSITY - AUXILIARY ENTERPRISE AUXILIARY ENTERPRISES REVENUES FY11 FY12 FY13 FY14 FY15 FY16 EST Administrative Services 742, , , , , ,700 Associated Students 135, , , , ,100 1,034,100 Bookstore 37,194,700 34,876,900 36,078,500 35,346,900 33,420,300 34,069,900 Campus Recreation 3,369,000 1,842,800 1,793,800 1,958,900 2,107,000 1,954,500 Facilities Management 18,717,400 23,369,000 25,023,900 22,288,900 23,971,600 21,298,000 Intercollegiate Athletics 50,038,700 68,707,000 58,893,500 64,185,100 76,347,200 69,772,100 Library Services 854,000 1,102, , , , ,700 Parking 19,386,800 19,660,800 20,200,100 20,629,200 21,621,500 22,817,700 Printing & Copying 3,110,900 2,875,300 2,575,500 2,912,500 2,195,700 2,859,700 Public Service 11,537,000 15,598,400 16,948,100 15,155,000 16,653,700 16,955,100 Residence Life 38,017,500 42,535,300 47,105,100 47,308,800 49,712,800 48,773,500 Student Health 5,100,400 5,190,800 5,817,400 5,897,300 6,353,100 6,114,800 Student Union 29,630,700 29,298,000 32,429,100 33,822,700 34,603,200 35,102,800 TOTAL AUXILIARY 217,835, ,650, ,348, ,920, ,205, ,163,600 *Includes transfers which are eliminated at fiscal year end. Institutional Budget Document Page 13

14 Appendix 5: Auxiliary Report (2 of 3) UNIVERSITY - AUXILIARY ENTERPRISE AUXILIARY ENTERPRISES EXPENDITURES AND NET TRANSFERS OUT(IN) FY11 FY12 FY13 FY14 FY15 FY16 EST Administrative Services 700, , , , , ,000 Associated Students 108, , , , , ,600 Bookstore 35,896,400 33,767,900 35,336,500 34,782,400 33,221,900 33,946,800 Campus Recreation 2,685,800 1,896,300 2,165,700 1,665,400 1,764,100 1,918,200 Facilities Management 19,087,000 22,760,200 23,494,300 20,395,900 27,511,000 19,839,500 Intercollegiate Athletics 49,859,700 68,170,000 58,635,800 60,329,400 72,593,200 70,597,700 Library Services 532, , , , , ,500 Parking 20,273,200 19,595,900 19,995,800 20,614,300 21,477,000 22,759,200 Printing & Copying 3,338,300 2,535,100 2,503,400 3,355,200 2,354,000 2,706,000 Public Service 11,544,800 15,171,600 17,017,400 16,455,300 16,955,000 16,469,600 Residence Life 37,322,900 42,605,900 46,848,600 47,848,000 49,452,300 49,213,100 Student Health 4,695,900 5,668,000 6,094,900 6,011,300 5,814,000 6,326,500 Student Union 30,710,700 29,762,100 32,727,600 33,430,700 34,660,100 35,048,300 TOTAL AUXILIARY 216,756, ,570, ,154, ,345, ,870, ,058,000 *Includes transfers which are eliminated at fiscal year end. Institutional Budget Document Page 14

15 Appendix 5: Auxiliary Report (3 of 3) UNIVERSITY - AUXILIARY ENTERPRISE AUXILIARY ENTERPRISES ENDING FUND BALANCE FY11 FY12 FY13 FY14 FY15 FY16 EST Administrative Services 309,300 80, , , , ,200 Associated Students 128, ,600 54, ,900 98, ,900 Bookstore 8,398,600 9,507,700 10,249,700 10,814,200 11,012,500 11,135,600 Campus Recreation 713, , , , , ,500 Facilities Management 3,168,200 3,777,000 5,306,700 7,199,700 3,660,300 5,118,800 Intercollegiate Athletics 546,500 1,083,500 1,341,300 5,197,100 8,951,100 8,125,500 Library Services 1,009,100 1,241,100 1,472,900 1,315,600 1,475,400 1,580,600 Parking 51, , , , , ,900 Printing & Copying 165, , , ,100 (23,200) 130,500 Public Service 1,640,400 2,067,200 1,997, , , ,900 Residence Life 861, ,000 1,047, , , ,300 Student Health 1,890,300 1,413,100 1,135,700 1,021,800 1,560,900 1,349,200 Student Union 1,029, , , , , ,800 TOTAL AUXILIARY 19,913,100 21,992,800 24,187,500 28,763,300 30,098,100 31,203,700 *Includes transfers which are eliminated at fiscal year end. Fund balances in auxiliary enterprises enable the university to develop sufficient resources required for emergency maintenance, replacement equipment, library acquisitions, IT upgrades and debt service payments. Institutional Budget Document Page 15

16 Appendix 6: Capital Development Plan (1 of 3) Newly Proposed Project Simulation Inter-Professional Healthcare Education and Research Building Board Approval Status Pending Revised FY 2016 CDP THE UNIVERSITY OF ARIZONA REVISED FY 2016 CAPITAL DEVELOPMENT PLAN Gross Square Footage Project Cost Amount Financed Funding Method Annual Debt Service Debt Ratio 226,000 $163,000,000 $163,000,000 SRB $11,100, % Newly Proposed Project Total $163,000,000 $163,000,000 $11,100,000 Previously Approved Projects North Campus Infrastructure Phase 2 (On Hold) Engineering Innovation Building (On Hold) FY2013 CDP N/A $16,000,000 FY2013 CDP 107,000 $63,000,000 South Stadium Parking Structure FY2013 CDP 317,000 $18,500,000 $8,500,000 AUX/SRB $557, % Interdisciplinary Chemical Sciences Renovation & Expansion (On Hold) FY2013 CDP 116,000 $79,200,000 Previously Approved Projects Total $176,700,000 $8,500,000 Total $339,700,000 $171,500,000 $11,657,000 Institutional Budget Document Page 16

17 Appendix 6: Capital Development Plan (2 of 3) THE UNIVERSITY OF ARIZONA REVISED FY 2016 CAPITAL DEVELOPMENT PLAN Project Newly Proposed Project CAPITAL DEVELOPMENT PLAN - ANNUAL DEBT SERVICE BY FUNDING SOURCE Amount Financed TUI AUX ICR OLF SLP FGT DFG TOTAL ANNUAL DEBT SERVICE Simulation Inter-Professional Healthcare Education and Research Building $163,000,000 $11,100,000 $11,100,000 Newly Proposed Project Total $163,000,000 $11,100,000 $11,100,000 Previously Approved Projects North Campus Infrastructure Phase 2 (On Hold) Engineering Innovation Building (On Hold) South Stadium Parking Structure $8,500,000 $557,000 $557,000 Interdisciplinary Chemical Sciences Renovation & Expansion (On Hold) Previously Approved Projects Total $8,500,000 $557,000 $557,000 Total $171,500,000 $557,000 $11,100,000 $11,657,000 Debt Service Funding Source Codes: (TUI) Tuition (ICR) Indirect Cost Recovery (FGT) Federal Grant (AUX) Auxiliary (OLF) Other Local Funds (DFG) Debt Financed by Gifts (SLP) State Lottery Allocation Proceeds Institutional Budget Document Page 17

18 Appendix 6: Capital Development Plan (3 of 3) THE UNIVERSITY OF ARIZONA REVISED FY 2016 CAPITAL DEVELOPMENT PLAN Project Newly Proposed Project Simulation Inter-Professional Healthcare Education and Research Building CAPITAL DEVELOPMENT PLAN - OPERATION AND MAINTENANCE BY FUNDING SOURCE TOTAL ANNUAL O&M TUI AUX ICR OLF GFA FGT DFG OTH $1,887,600 $1,887,600 Total Newly Proposed Project $1,887,600 $1,887,600 Previously Approved Projects North Campus Infrastructure Phase 2 (On Hold) N/A Engineering Innovation Building (On Hold) $1,124,000 South Stadium Parking Structure $769,000 $769,000 Interdisciplinary Chemical Sciences Renovation & Expansion (On Hold) $879,200 Previously Approved Projects Total $2,772,200 $769,000 Total $4,659,800 $769,000 $1,887,600 Operation and Maintenance Funding Source Codes: (TUI) Tuition (ICR) Indirect Cost Recovery (GFA) General Fund Appropriation (AUX) Auxiliary (OLF) Other Local Funds (FGT) Federal Grant (OTH) Other (DFG) Debt Financed by Gifts Institutional Budget Document Page 18

19 Appendix 7: Financial Status The University of Arizona Business Plan FY Modeled Financial Results Rev Grwth 2.0% 2.0% 2.0% 2.0% 2.0% (In Thousands) Exp Grwth 3.0% 3.0% 3.0% 3.0% 3.0% Actuals FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Revenues State General Fund Appropriation 254, , , , , , , , ,662 State Appropriation - Research Infrastructure 14,253 14,253 11,204 9,600 14,000 14,200 14,253 14,253 14,253 State Fiscal Stabilization Fund (Fed. Funded) Tuition & fees 644, , , , , , ,800 1,035,000 1,087,800 Less Scholarship Allowance (183,176) (185,513) (194,646) (211,100) (221,600) (230,900) (239,200) (246,000) (253,100) Net Tuition and Fees 461, , , , , , , , ,700 Grants & Contracts 672, , , , , , , , ,117 Private Gifts 74,530 78,287 89,975 91,000 92,820 94,676 96,570 98, ,471 Technology & Research Initiative Fund (TRIF) 20,773 23,576 24,964 22,700 25,463 25,973 26,492 27,022 27,562 Auxiliary Revenues, Net 190, , , , , , , , ,945 Other Revenue 102, , , , , , , , ,398 Total Revenues 1,791,605 1,832,304 2,042,133 1,952,500 2,006,302 2,075,250 2,143,687 2,210,826 2,282, % 2.3% 11.5% 6.6% 2.8% 3.4% 3.3% 3.1% 3.2% Expenses Salaries & Wages 744, , , , , , , , ,973 Benefits 260, , , , , , , , ,591 All Other Operating 472, , , , , , , , ,652 Schlrshps & Fellowships, Net of Schlrshp Allow 60,374 66,488 59,124 59,500 61,285 63,124 65,017 66,968 68,977 Depreciation 113, , , , , , , , ,172 Interest on Indebtedness 47,643 50,596 46,292 48,800 69,451 85,150 81,940 83,327 85,827 Total Expenses 1,698,968 1,753,337 1,847,923 1,883,600 1,909,801 1,988,480 2,040,350 2,108,923 2,172,191 Budget Projected 4.4% 3.2% 5.4% 7.4% 1.4% 4.1% 2.6% 3.4% 3.0% Net increase/(decrease) 92,637 78, ,210 68,900 96,501 86, , , ,918 Institutional Budget Document Page 19