Academic Affairs Budget Workshop for Academic Deans, Department Heads, and Directors OVERVIEW OF THE WKU FY 2009-10 BUDGET OCTOBER 2009 PRESENTED BY MIKE DALE & LADONNA.
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Transcript Academic Affairs Budget Workshop for Academic Deans, Department Heads, and Directors OVERVIEW OF THE WKU FY 2009-10 BUDGET OCTOBER 2009 PRESENTED BY MIKE DALE & LADONNA.
Academic Affairs Budget Workshop
for Academic Deans, Department Heads,
and Directors
1
OVERVIEW OF THE
WKU FY 2009-10 BUDGET
OCTOBER 2009
PRESENTED BY MIKE DALE & LADONNA HUNTON
OFFICE OF THE PROVOST & VPAA
WESTERN KENTUCKY UNIVERSITY
SOURCE INFORMATION: WKU BUDGET 2009-10
University Budgets
2
University budgets contain two key ingredients:
Revenues
Expenditures
Let’s discuss revenues and then expenditures.
Revenue Funds Glossary
3
Tuition & Fees: Includes fall, spring, summer, and winter
tuition revenues, DELO distance learning and contract
revenues, restricted tuition accounts, mandatory student
fees, and other fees.
State Appropriations: For FY 10, includes regular state
operating appropriations, budget reduction reserve, and
debt service.
Restricted Grants & Contracts: Includes instructional,
research, and public service funds received from federal,
state, local, and private sources.
Revenue Funds Glossary (cont)
4
Restricted Student Financial Assistance: Includes financial
assistance grants such as Pell Grants, KEES, and College
Access Programs.
Net Asset Allocation: FY 09 carry forward funds budgeted
in FY 10. These represent one-time funds.
Other Revenue Funds: Includes a wide variety of other
fund sources such as indirect cost recovery funds, sales and
services of educational activities, ticket sales, conferences
and workshops, parking permits, etc.
Auxiliary Enterprises: Food and vending contracts,
University Centers, commissions, housing, and bookstore
revenues.
FY 10 Total Budgeted Revenue by Source
5
Public Funds (Tuition & Fees and State Appropriations)
account for about 65 percent of WKU’s total budget
revenues:
FY 10 Total Budgeted Revenue by Source
6
Source
$ Amount
% Amount
Tuition & Fees
$142,338,000
40.73%
State Appropriations
$ 83,371,600
23.86%
Res – Grants & Contracts
$ 25,319,000
7.25%
Res – Student Fin Aid
$ 41,407,000
11.85%
Net Asset Allocation (CF)
$ 15,621,000
4.47%
Other
$ 20,716,400
5.93%
Auxiliary Enterprises
$ 20,672,000
5.92%
$349,445,000
100.01%
Total
FY 2009-10 WKU Tuition & Fees
7
Fall and spring registration fee tuition represent about 80
percent of WKU’s total estimated tuition and fees for FY
2009-10:
FY 2009-10 WKU Tuition & Fees
8
Tuition & Fees
$ Amount
Fall Registration Fees (T)
$ 58,858,000
Spring Registration Fees (T)
$ 54,352,000
Summer Registration Fees (T)
$ 8,541,000
Other Registration Fees (ELDP) (PMBA) (T)
$
DELO Registration Fees (T)
$ 9,186,000
Restricted Tuition Accounts (RTAs) (T)
$ 3,345,000
Student Athletic Fee (MSF) (F)
$ 6,144,000
Other Fees (F)
$ 1,256,000
Total Tuition & Fees
656,000
$142,338,000
FY 2009-10 WKU State Appropriations
9
The Commonwealth of Kentucky has appropriated over $83
million to support WKU in FY 10. State Appropriations usually
include operating funds and debt service funds. For FY 2009-10,
WKU has set aside about $4 million of the operating funds as a
state budget reduction reserve:
FY 2009-10 WKU State Appropriations
10
State Appropriations
Regular Appropriation (Includes $4,012,300 which
$ Amount
$81,413,500
WKU set aside as a budget reduction reserve for FY 10)
Debt Service
Total State Appropriations
$ 1,958,100
$83,371,600
WKU Budget
11
The FY 2009-10 WKU Operating Budget contains
three types of budgeted funds:
Unrestricted E & G Funds
Restricted E & G Funds
Auxiliary Enterprises
Operating Budget Glossary
12
Unrestricted E & G: Most of the regular departmental and
office budget indexes represent Unrestricted E & G budget
funds.
Restricted E & G: These represent grant funds, including
instruction, research, and public service grants as well as
student financial assistance grants such as Pell Grants,
KEES, and College Access Programs.
Auxiliary Enterprises: Campus service units that generate
funds to sustain and grow operations such as housing and
bookstore operations.
WKU Operating Budget Summary
13
The University’s total budget is made up of Unrestricted and
Restricted Educational & General (E & G) funds along with
Auxiliary Enterprises funds. About ¾ of the total University
budget represents Unrestricted E & G funds:
WKU Operating Budget Summary
14
The University’s total budget is made up of Unrestricted
and Restricted Educational & General (E & G) funds along
with Auxiliary Enterprises funds:
Budget Category
Total WKU Budget
Total E & G Budget
FY 2009-10 Budget
$349,445,000
$328,773,000
Unrestricted E & G Budget
$262,047,000
Restricted E & G Budget
$ 66,726,000
Total Auxiliary Enterprises
$ 20,672,000
Unrestricted E & G Expenditures
by Major Classification
15
About 57 percent of Unrestricted E & G expenditures
represent personnel (salaries and benefits) expenses.
FY 10 Budgeted Expenditures (In Millions)
16
Major
Classification
Unrestricted
Restricted
Auxiliary
Total
Personnel
$148.2
$ 0.8
$ 7.0
$156.0
Operating
$ 58.6
$24.9
$ 9.9
$ 93.4
Budget Reduction
Reserve
$ 4.0
$ 0.0
$ 0.0
$ 4.0
Utilities
$ 8.9
$ 0.0
$ 2.5
$ 11.4
Capital Outlay
$ 5.3
$ 0.0
$ 0.8
$ 6.1
Student Aid
$ 22.9
$41.0
$ 0.0
$ 63.9
Debt Service
$ 14.1
$ 0.1
$ 0.5
$ 14.7
$262.0
$66.8
$20.7
$349.5
Total
WKU FY 10 Unrestricted E & G Budget
17
WKU FY 10 Unrestricted E & G Budget
18
Org Area
Regular
Rev Dep
Total $
Total %
Academic Affairs
$140,160,586
$13,762,000
$153,922,586
58.59%
Athletics
$ 18,950,938
$ 18,950,938
7.21%
Campus Services
$ 29,102,238
$ 29,102,238
11.08%
C of S / GC
$
$
Finance & Admin
$ 5,889,681
Information Tech
$ 11,701,893
Institutional Adv
465,230
465,230
0.18%
$ 4,112,000
$ 10,001,681
3.81%
$
$ 11,881,893
4.52%
$ 3,355,075
$ 3,355,075
1.28%
President
$
$
804,214
0.31%
Public Affairs
$ 2,043,421
$ 2,418,421
0.92%
Research
$ 2,556,036
$ 2,556,036
0.97%
Student Affairs
$ 5,863,632
$ 6,022,632
2.29%
University – Wide
$ 23,223,657
$ 23,223,657
8.84%
Total
$244,116,601
$262,704,601
100.00%
180,000
804,214
$
$
375,000
159,000
$18,588,000