Texas Woman s University Fiscal Year 2016 Budget. Presented to the Board of Regents

Transcription

1 Texas Woman s University Fiscal Year 2016 Budget Presented to the Board of Regents August 13, 2015

2 The Board of Regents is responsible for the approval of the annual operating budget within the limits of available revenue by September 1 st each year. (General Appropriations Act, Article III-Education, Special Provisions Relating Only to State Agencies of Higher Education, Section 6. Expenditure Provisions, 1. Annual Operating Budgets Required) Budget Increases State Appropriated Funds Increases to the operating budget from any state appropriated funding source requires advance approval of the board. Grant Funds Grant funds are received by the University and presented to the Board for approval at its next regular board meeting. All Other Funds When it is in the best interest of the University and sustainable in the future, the following budget changes, of up to 5% of the specified fund group budget, may be approved by the Chancellor and reported to the board for confirmation at its next regular board meeting: o Funds from available balances o Income in excess of budget estimates

3 Total Revenue Budget Budget Adjusted* Budget Percent REVENUES FY 2016 FY 2015 Change Education & General $ 82,663,696 $ 80,614,170 Designated 63,243,965 60,553,910 Auxiliary 31,406,739 30,555,107 Restricted 34,182,320 33,775,951 CURRENT OPERATING REVENUES $ 211,496,720 $ 205,499, % Plant Funds 45,545,233 45,563,525 Sub-Total Plant Funds $ 45,545,233 $ 45,563,525 TOTAL REVENUE BUDGET $ 257,041,953 $ 251,062, % *FY2015 Budget has been adjusted to reflect the new reporting format.

4 Total Revenue Budget $211.5 Million

5 E&G Revenue Budget by Source Adjusted Budget Budget Percent Education & General FY 2016 FY 2015 Change General Revenue Appropriations Formula Funding $ 42,693,700 $ 44,843,048 Special Items 1,675, ,182 Tuition Revenue Bonds - Debt Service 4,175,994 4,172,244 Employee Benefits 13,660,493 12,699,517 Higher Education Fund (HEF) 9,897,706 10,169,695 Total General Revenue Appropriations $ 72,103,074 $ 72,411, % Statutory Tuition 22,466,027 23,528,702 Music & Lab Fees 396, ,444 Clinic Fees 89,582 76,777 Other 199, ,044 E&G Fund Balance 3,187,465 - Total E&G Available Revenue $ 98,442,205 $ 96,583, % Less Transfer - TPEG (Tx Public Education Grants) (2,513,809) (2,436,544) Less Transfer - HEF to Plant Funds (9,088,706) (9,360,695) Less Transfer - TRB Debt Service (4,175,994) (4,172,244) Total E&G Net Revenue $ 82,663,696 $ 80,614, %

6 E&G Revenue by Type $82.7 Million

7 Designated Revenue Budget by Source Adjusted Budget Budget Percent Designated FY 2016 FY 2015 Change Designated Tuition $ 48,394,951 $ 46,409,265 Designated Tuition - Differential 4,366,810 2,583,009 Incidental Fees (Program & Inst Enhancement) 7,432,450 7,149,582 Student Fees - Other 17,197,795 13,226,722 Miscellaneous Income 182, ,566 Investment Income 1,400,000 1,800,000 Designated Fund Balance 2,567,742 3,108,538 Total Designated Available Revenue $ 81,542,445 $ 74,557, % Less Transfer-Mandatory Scholarship Set-Asides (7,013,152) (6,679,774) Less Transfer-Debt Service (1,563,844) (1,524,288) Less Transfer-University Funded Scholarships (5,799,710) (5,799,710) Less Transfer-Student Union Bldg (3,921,774) 0 Total Designated Net Revenue $ 63,243,965 $ 60,553, %

8 Auxiliary Revenue Budget by Source Adjusted Budget Budget Percent Auxiliary FY 2016 FY 2015 Change Student Service Fees $ 8,546,174 $ 8,695,831 Medical Service Fees 1,690,065 1,581,424 Fitness & Recreation Center Fees 2,546,699 2,599,895 Student ID Fees 471, ,125 Food Services 4,593,823 4,607,514 University Housing & Residence Life 9,251,986 8,324,161 Miscellaneous Services 5,149,098 5,226,870 Total Auxiliary Available Revenue $ 32,248,851 $ 31,400, % Less Transfer-Debt Service (842,113) (845,713) Total Auxiliary Net Revenue $ 31,406,739 $ 30,555, %

9 Restricted Revenue Budget by Source Adjusted Budget Budget Percent Restricted FY 2016 FY 2015 Change State, Federal, & Private Grants $ 12,369,215 $ 12,519,708 Scholarships 6,486,434 6,340,215 Total Restricted Available Revenue $ 18,855,649 $ 18,859, % Plus Transfer - Texas Public Education Grants 2,513,809 2,436,544 Plus Transfer - Mandatory Set Asides 7,013,152 6,679,774 Plus Transfer - University Funded Scholarships 5,799,710 5,799,710 Total Restricted Net Revenue $ 34,182,320 $ 33,775, %

10 Plant Funds by Source Adjusted Budget Budget Percent Plant Funds FY 2016 FY 2015 Change Renewals & Replacements $ 29,874,576 $ 29,660,585 Total Plant Funds Available $ 29,874,576 $ 29,660, % Plus Transfer - HEF 9,088,706 9,360,695 Plus Transfer - Debt Service 6,581,951 6,542,245 Total Plant Funds Budget $ 45,545,233 $ 45,563, %

11 Total Expenditure Budget Budget Budget EXPENSES FY 2016 FY 2015 Education & General $ 82,663,696 $ 80,614,170 Designated 63,222,378 60,379,845 Auxiliary 30,466,478 30,420,050 Restricted 34,182,320 33,775,951 Sub-Total Current Operating Expenses $ 210,534,872 $ 205,190,016 Plant Funds 45,545,233 45,563,525 Sub-Total Plant Fund Expenses $ 45,545,233 $ 45,563,525 TOTAL EXPENSE BUDGET $ 256,080,105 $ 250,753,541

12 Total Expenditure Budget $210.5 Million

13 Total Expenditure Budget by Type $210.5 Million

14 E&G Expenditure Budget Education & General Adjusted Budget Budget Percent FY 2016 FY 2015 Change Faculty Salaries $ 41,311,974 $ 41,186,659 Staff Salaries 19,201,205 19,046,286 Wages 16,575 16,575 Employee Benefits 18,778,113 17,183,947 Total Compensation 79,307,867 77,433, % Maintenance & Operations 3,354,379 3,179, % Travel 1,450 1, % Total Education & General $ 82,663,696 $ 80,614, %

15 Designated Expenditure Budget by Type Adjusted Budget Budget Percent Designated FY 2016 FY 2015 Change Faculty Salaries $ 1,567,772 $ 1,533,500 Staff Salaries 15,800,861 15,158,247 Wages 1,842,382 1,777,680 Employee Benefits 5,385,353 5,146,027 Total Compensation 24,596,368 23,615, % Maintenance & Operations 37,575,418 35,804, % Travel 1,050, , % Total Designated $ 63,222,378 $ 60,379, %

16 E&G and Designated Budget by Type $145.9 Million

17 E&G and Designated Budget by Function $145.9 Million

18 Auxiliary Expenditure Budget by Type Adjusted Budget Budget Percent Auxiliaries FY 2016 FY 2015 Change Faculty Salaries $ - $ - Staff Salaries 8,267,042 8,081,146 Wages 1,854,141 1,906,703 Employee Benefits 3,044,677 2,922,899 Total Compensation 13,165,860 12,910, % Maintenance & Operations 17,036,215 17,234, % Travel 264, , % Total Auxiliaries $ 30,466,478 $ 30,420, %

19 Restricted Expenditure Budget by Type Adjusted Budget Budget Percent Restricted FY 2016 FY 2015 Change Faculty Salaries $ 2,257,588 $ 1,645,324 Staff Salaries 640, ,484 Wages 395, ,980 Employee Benefits 790, ,738 Total Compensation 4,084,525 3,862, % Maintenance & Operations 6,843,558 7,079,988 Travel 269, ,310 Student Support-Other 1,171,619 1,267,884 Student Support-Scholarships 21,813,105 21,256,244 Total Restricted $ 34,182,320 $ 33,775, %

20 Plant Funds by Type Adjusted Budget Budget Percent Plant Funds FY 2016 FY 2015 Change Renewals & Replacements $ 38,963,282 $ 39,021, % Debt Service 6,581,951 6,542, % Total Plant Funds $ 45,545,233 $ 45,563, %

21 Available University Fund Balances Fund Type Balance E&G $ 11,524,340 HEF 30,613,591 Designated Tuition 62,976,441 Designated-Investment Income 3,914,910 Auxiliaries 12,162,613 Restricted-Investment Income 2,826,350 Unexpended Plant 6,897,875 Renewals & Replacements 1,450,106 Total Available $ 132,366,226