FC 10/14/16 FY 2017 FINAL BUDGET. Purdue University Board of Trustees OCTOBER 2016

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1 FC 10/14/16 FY 2017 FINAL BUDGET University Board of Trustees OCTOBER 2016

2 FY 2017 BUDGET KEY INPUTS Student Fees Flat fees for West Lafayette campus and Polytechnic Statewide 1.65% increase at the Regional Campuses Northwest Differential Fees effective Fall 2016 IPFW Differential Fees (Year 2 of 2 phase in) FY 2017 Operating Appropriations Increases WL: 0.0%, PNW 1.3%, IPFW: 1.2% Merit Increase Salary Policy Salary increases: WL: %, PNW: 2.0%, IPFW: 1.5% 2

3 FY 2017 ALL FUNDS OPERATING BUDGET Operating Revenues External Revenue Streams Endowment Distribution to Units Cash Pool Distribution to Units Operating Expenses Salaries, Net of Salary Savings Detailed Supplies & Services Student Aid Repair & Rehabilitation Debt Service Eliminations Alignment with Financial Report Allows for more efficient and effective analysis Removes duplication of intercompany activities Non-Operating Revenues and Expenses FY 2017 Major Capital Investment Earnings 3

4 TOTAL SYSTEM FY 2017 ALL FUNDS OPERATING REVENUE BUDGET (IN THOUSANDS) West Lafayette Northwest Indiana- Fort Wayne Revenues Student Fees $ 747,011 $ 82,262 $ 70,602 $ 899,874 Grants and Contracts 387,608 21,660 18, ,427 Appropriations 329,800 46,920 47, ,446 Service and Retail Income 118,680 4,557 4, ,118 Room and Board 115,759 4,303 6, ,638 Other Recovery 82,365 11,251 14, ,294 Gifts 73,856 1,367 2,107 77,330 Recreational and Sports Income 68, ,495 69,990 Endowment Distribution 67,840 1,007 2,849 71,696 PIPC/CMIP Income 32,461 2,016 1,789 36,266 Other Income 4, ,114 5,799 Revenues $ 2,028,497 $ 175,404 $ 171,977 $ 2,375,878 4

5 TOTAL SYSTEM FY 2017 ALL FUNDS OPERATING EXPENDITURE BUDGET BY TYPE (IN THOUSANDS) West Lafayette Northwest Indiana- Fort Wayne Expenditures (BY TYPE) Salary and Wages $ 873,245 $ 73,028 $ 68,248 $ 1,014,521 Fringe Benefits 282,576 24,311 23, ,218 Compensation $ 1,155,821 $ 97,340 $ 91,579 $ 1,344,739 Supplies and Services 252,630 21,098 9, ,891 Student Aid 200,272 33,021 31, ,246 Equipment, Maintenance, and Rental 98,049 2,573 4, ,220 Debt Service 71,452 6,490 11,590 89,531 Fee Remissions 69,681 2,013 5,615 77,309 Repair and Rehabilitation 52,308 3,007 8,154 63,469 Financial and Professional Expenses 43,472 2,789 5,492 51,753 Information Technology Expenses 36,101 3,361 2,464 41,926 Fuel and Utilities 32,006 3,373 4,210 39,589 Expenditures $ 2,011,792 $ 175,065 $ 174,816 $ 2,361,673 Surplus / (Deficit) $ 16,705 $ 339 $ (2,839) $ 14,205 5

6 TOTAL SYSTEM FY 2017 ALL FUNDS OPERATING EXPENDITURE BUDGET BY FUNCTION (IN THOUSANDS) West Lafayette Northwest Indiana- Fort Wayne Expenditures (BY FUNCTION) Colleges $ 1,069,018 $ 56,542 $ 52,120 $ 1,177,680 Student Support 333,288 40,507 40, ,117 Academic Support Areas 142,852 22,509 23, ,497 Academic Areas and $ 1,545,158 $ 119,559 $ 115,577 $ 1,780,294 Student Support Administrative/Infrastructure 250,065 39,729 29, ,180 Intercollegiate Athletics 60,804 2,908 5,898 69,610 Debt Service 71,452 6,490 11,590 89,531 Repair and Rehabilitation 52,308 3,007 8,154 63,469 Fuel and Utilities 32,006 3,373 4,210 39,589 Expenditures $ 2,011,792 $ 175,065 $ 174,816 $ 2,361,673 6

7 TOTAL SYSTEM FY 2017 ALL FUNDS OPERATING EXPENDITURE BUDGET BY FUNCTION FOR UNITS (IN THOUSANDS) West Lafayette Northwest 7 Indiana- Fort Wayne Expenditures (BY FUNCTION) Engineering $ 259,717 $ 0 $ 0 $ 259,717 Agriculture 221, ,355 Science 172, ,568 Health and Human Sciences 90, ,388 98,122 Liberal Arts 76, ,026 Polytechnic Institute 71,148 8, ,522 Veterinary Medicine 58, ,215 Management/Business 51,750 10,208 4,152 66,109 Pharmacy 47, ,250 Education 18, ,708 Honors College 3, ,037 Humanities, Education, and Social Science 0 17, ,553 Engineering, Math, and Science 0 13, ,776 Nursing/Medical Education 0 6,631 1,384 8,016 Arts and Sciences ,754 21,754 Engineering, Technology, and Computer Science 0 0 8,901 8,901 Visual and Performing Arts 0 0 4,705 4,705 Education and Public Policy 0 0 3,896 3,896 Colleges - Adjustments (1,491) 0 (61) (1,552) Colleges $ 1,069,018 $ 56,542 $ 52,120 $ 1,177,680 Student Aid $ 200,272 $ 33,021 $ 31,953 $ 265,246 Student Life 133,016 7,486 8, ,871 Student Support $ 333,288 $ 40,507 $ 40,322 $ 414,117 Academic Support Areas $ 142,852 $ 22,509 $ 23,136 $ 188,497 General Administration $ 126,846 $ 22,692 $ 13,563 $ 163,101 Information Technology 71,471 9,212 6,668 87,351 Physical Facilities 51,748 7,825 9,156 68,728 Administrative/Infrastructure $ 250,065 $ 39,729 $ 29,386 $ 319,180 Intercollegiate Athletics $ 60,804 $ 2,908 $ 5,898 $ 69,610 Debt Service 71,452 6,490 11,590 89,531 Repair and Rehabilitation 52,308 3,007 8,154 63,469 Fuel and Utilities 32,006 3,373 4,210 39,589 Expenditures $ 2,011,792 $ 175,065 $ 174,816 $ 2,361,673

8 FY 2017 CAPITAL PROJECT BUDGET Bond Proceeds State Appropriations Project / Unit Accounts New Buildings Football Performance Complex $ 28,062 $ 0 $ 0 $ 28,062 Creighton and Land O'Lakes Learning Complex 27, ,040 Flex Lab Facility 14, ,672 24,328 Wilmeth Active Learning Center 0 15,742 1,203 16,945 Honors College and Residences ,000 15,663 Bechtel Innovation Design Center 0 0 9,252 9,252 Controlled Phenotyping Facility 0 0 3,691 3,691 Zucrow Laboratories 0 0 2,882 2,882 MRI Modular Facility 0 0 1,303 1,303 Projects Less Than $1.0M West Lafayette $ 70,423 $ 15,742 $ 43,247 $ 129,412 Student Service and Activity Complex 0 0 2,554 2,554 Northwest $ - $ - $ 2,554 $ 2,554 Modular Office and Classroom Building $ 0 $ 0 $ 852 $ 852 Indiana- Fort Wayne $ - $ - $ 852 $ 852 New Buildings $ 70,423 $ 15,742 $ 46,652 $ 132,817 Major Renovations EE and Multiple Building Renovation $ 0 $ 0 $ 12,518 $ 12,518 Centennial Mall Tunnel Repair 0 0 6,766 6,766 Life Science Utility and Site Development 0 0 3,633 3,633 McCutcheon Restroom Renovation 0 0 1,796 1,796 Marstellar Garage Demo and New Parking Lot 0 0 1,202 1,202 Projects Less Than $1.0M ,536 5,989 West Lafayette $ 453 $ - $ 31,452 $ 31,905 Gyte Classrooms Corridor Renovation $ 0 $ 0 $ 231 $ 231 Northwest $ - $ - $ 231 $ 231 Helmke/South Campus Renovation $ 0 $ 3,610 $ 0 $ 3,610 Projects Less Than $1.0M 206 1, ,824 Indiana- Fort Wayne $ 206 $ 5,228 $ - $ 5,434 Major Renovations $ 659 $ 5,228 $ 31,683 $ 37,569 Capital Projects $ 71,083 $ 20,969 $ 78,335 $ 170,387 8

9 FY 2017 FINAL BUDGET University Board of Trustees OCTOBER 2016