Transcript Appendix 10/9/2003 Tuition Policy Advisory Committee University Finances FY03/04 Total University Budget $1.44B Educational & General Component 59% $846.7M Total University Budget $1.44B 9% $129.1M Research Component Auxiliary Component 20% 12% $292.2M 10/9/2003 Endowment Component $176.6M Tuition Policy Advisory Committee.

Appendix
10/9/2003
Tuition Policy Advisory Committee
1
University Finances
FY03/04 Total University Budget $1.44B
Educational
& General
Component
59%
$846.7M
Total University
Budget
$1.44B
9%
$129.1M
Research
Component
Auxiliary
Component
20%
12%
$292.2M
10/9/2003
Endowment
Component
$176.6M
Tuition Policy Advisory Committee
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Academic Budget Over 30 Years
(in millions)
30 Years
1973/74
20 Years
1983/84
10 Years
1993/94
State GR Funding
$
68.6
$
190.5
$
219.6
$
291.8
Total ACADEMIC Budget
$
81.6
$
287.0
$
458.5
$
846.7
Percent State Funding
10/9/2003
84.1%
66.4%
Tuition Policy Advisory Committee
47.9%
Today
2003/04
34.5%
3
Operating Budget Projection
($ in Millions)
2002-03
STATUS QUO BUDGET SOURCES 1
GR 2
Tuition & Fees 3,4
AUF
Other 5
TOTAL
STATUS QUO USES
Salaries
Other Oper 6
TOTAL
Net Status Quo Deficit
Quality Requirements Beyond Status Quo
Salary Merit Program (3%) 7
Salary Market Adjustments (2%) 7
Reduction of Student/Faculty Ratio 7
Expenses Funded by Incidental Fees (3%)
Faculty Start-up Costs & New Programs Initiatives
ESSENTIAL OPERATING
BUDGET DEFICIT
1 - Enrollment steady at 51.8k students (1.3M SCH)
2 - GR no growth, FY03/04 and ongoing
3 - Tuition: $2 statutory increase in 04-05 & 05-06 to $50 cap
(No Designated Tuition Increase)
10/9/2003
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
$297.8
153.0
119.3
68.3
638.5
$291.8
183.6
109.4
59.5
644.3
$291.8
189.8
103.6
60.0
645.2
$291.8
195.5
101.2
61.6
650.1
$291.8
195.5
102.7
61.7
651.8
$291.8
195.5
102.9
64.0
654.2
$291.8
195.5
102.7
66.4
656.4
390.3
248.2
638.5
386.9
250.1
637.0
386.9
262.4
649.3
386.9
271.1
658.0
386.9
277.4
664.3
386.9
283.9
670.8
386.9
290.6
677.5
$0.0
$7.2
($4.1)
($7.9)
($12.5)
($16.6)
($21.1)
-
(7.2)
-
(25.6)
(9.1)
(2.3)
(3.2)
(11.5)
(40.1)
(18.8)
(4.7)
(3.5)
(11.8)
(55.4)
(28.9)
(7.1)
(3.9)
(12.2)
(71.4)
(39.6)
(9.6)
(4.2)
(12.6)
(88.2)
(50.8)
(12.2)
(4.6)
(12.9)
$0.0
$0.0
($55.8)
($86.8)
($120.0)
($153.9)
($189.8)
KEY STATUS QUO BUDGET ASSUMPTIONS
4 - Incidental fees held at 03-04 levels
5 - Indirect Cost increased 5% annually
6 - Operating Expenses increased 3% annually
7 - Salary related increases include Fringes
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Facility Aging Drives Repair & Renovation (R&R)
Requirements
Gross Square Footage
There is a significant bubble of R&R requirements in the near future.
A substantial portion of the University’s Plant, those projects built in the 50’s
through 80’s, is approaching 30-60 years old and will require substantial
repair and renovation.
Total Facility Replacement Cost:
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Tuition Policy Advisory Committee
$ 2.1B
5
Repair & Renovation (R&R) / Deferred
Maintenance Budget Projection
E&G FACILITIES ONLY
($ in Millions)
Annual Repair & Renovation
(R&R) Requirement
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
(30.0)
(31.0)
(32.0)
(33.0)
(34.0)
(35.0)
16.0
16.0
16.0
16.0
16.0
16.0
(10.0)
(10.0)
(10.0)
(10.0)
(10.0)
(10.0)
6.0
6.0
6.0
6.0
6.0
6.0
Net Annual Unfunded Amount
(24.0)
(25.0)
(26.0)
(27.0)
(28.0)
(29.0)
Proposed Phase In of Annual
R&R Funding Requirements
13.0
22.0
25.0
28.0
34.0
35.0
($11.0)
($14.0)
($15.0)
($14.0)
($8.0)
($2.0)
Annual R&R Funding
(Based on Current Model)
Initial Budget
Budget Transfer *
Total Annual R&R Funding
Remaining Cumulative
Unfunded Amount
* Transfer to FY 03-04 Benefit Budget to cover increases.
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6-Year Capital Budget Projection
($ in Millions)
FIRE & LIFE
SAFETY
ACADEMIC
Experimental Science Bldg.
Batts
WATER CONTROL
& ENVIRONMENTAL
HEALTH ISSUES
RENEWAL
OF EXISTING ESSENTIAL
SPACE
NEW SPACE
75.0
75.0
18.0
18.0
25.0
Biomedical Engineering Bldg.
18.0
Old Pharmacy Bldg
Air Handling in Lab Buildings
New Acad Bldg (F11 Bldg)
Biological Labs Bldg.
Nanoscience
Other Smaller Projects
TOTAL
NEEDED
60.0
56.0
15.0
35.0
10.0
25.0
18.0
60.0
56.0
15.0
35.0
10.0
INFRASTRUCTURE
Library Storage
IT Mirror Sites
15.0
5.0
15.0
FIRE & LIFE SAFETY
Performing Arts Center
American w/Disabilities Act
Campus
7.6
9.0
38.0
7.6
9.0
38.0
Total Budget Requirement
5.0
$69.6
$93.0
$103.0
$121.0
$ 386.6
Note: it would take about $39M recurring to generate $390M of capital funds from 30 year bonds.
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Annual Quality Funding Requirements
($ in Millions)
Operating
Budget Requirements
2003-04 2004-05
$
Repair & Renovation
Requirements
Capital Budget
Requirements
Total Annual Recurring
Funding Requirements
Academic Sustainability Tuition
Unmet Quality Needs
10/9/2003
$
-
$
55.8
2005-06
$
2006-07
2007-08
2008-09
86.8
$ 120.0
$ 153.9
$ 189.8
13.0
22.0
25.0
28.0
34.0
35.0
-
8.0
16.0
24.0
32.0
39.0
85.8
$ 127.8
$ 172.0
$ 219.9
$ 263.8
13.0
13.0
$
52.0
33.8
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Academic Sustainability Tuition
• Fixed increase amount for full-time students
• Prorated increase for part-time students
• Separate from legislative increases
• Includes associated financial aid increases
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Spring 2004 Academic Sustainability Tuition
SEM Credit Hrs
Undergraduate
Full-Time
Part-Time
Graduate
Full-Time
Part-Time
10/9/2003
SEMESTER INCREASE OVER FALL 03
Resident
Non-Resident
12+ Hours (Fixed)
361
397
8-11 Hours (Fixed)
1-7 Hours (Prorated)
1st Hour
Each Additional Hour
289
318
108
18
119
20
9+ Hours (Fixed)
361
397
1-8 Hours (Prorated)
1st Hour
All Other Hours
108
32
119
35
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Fall/Spring 2004-05 Academic Sustainability
Tuition
SEM Credit Hrs
Undergraduate
Full-Time
Part-Time
Graduate
Full-Time
Part-Time
10/9/2003
SEMESTER INCREASE OVER FALL 03
Resident
Non-Resident
12+ Hours (Fixed)
722
794
8-11 Hours (Fixed)
1-7 Hours (Prorated)
1st Hour
Each Additional Hour
578
636
217
36
238
40
9+ Hours (Fixed)
722
794
1-8 Hours (Prorated)
1st Hour
All Other Hours
217
63
238
70
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Average Cost of Education
Resident Full-Time
Spring 2004
Fall 04/Spring 05
$2,714
$2,714
$361
$722
$30
$3,075
$3,466
13.3%
12.7%
$2,146
$2,146
$361
$722
Undergraduate
Current
Academic Sustainability
Legislated $2/SCH Increase
Total
Growth over prior semester
Graduate *
Current
Academic Sustainability
Legislated $2/SCH Increase
Total
Growth over prior semester
$18
$2,507
$2,886
16.8%
15.1%
*Professional schools not included
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Financial Aid Grant Award for Academic
Sustainability Resident Undergraduate Tuition
Annual Income
Proposed Award
$0 - $40,000
100%
$40,001 - $60,000
75%
$60,001 - $80,000
50%
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