AUBURN UNIVERSITY FY13 Budget Presented to the General Faculty Meeting October 9, 2012 Overview • FY13 Budget Overview • Outlook - challenges.
Download ReportTranscript AUBURN UNIVERSITY FY13 Budget Presented to the General Faculty Meeting October 9, 2012 Overview • FY13 Budget Overview • Outlook - challenges.
AUBURN UNIVERSITY FY13 Budget Presented to the General Faculty Meeting October 9, 2012 Overview • FY13 Budget Overview • Outlook - challenges 2 Total FY13 Budget by Division $ 1.017B Main Campus $818M 80.4% ACES $50M 4.9% AAES $63M 6.2% AUM $86M 8.5% 3 Auburn University FY13 Total Budget - $1.017B Unrestricted $713M 70.1% Auxiliary $124M 12.2% 4 Restricted $ 180M 17.7% Auburn University-Main Campus FY13 Total Budget - $818M Unrestricted $582M 71.1% Auxiliary $116M 14.2% 5 Restricted $ 120M 14.7% Main Campus FY13 Total Proposed Unrestricted Budget-$582M By Revenue Source Scholarships Waivers $99M Other $59M State App $ 155M Net Tuition/fees $ 269M 6 Main Campus FY13 Total Unrestricted Budget-$582M By Revenue Source Scholarships/ waivers $99M Other $59M State App $ 155M Allocated Fees $59M SCH Alloc $22M GrossTuition/ fees $ 367M Net Tuition/fees $188M 7 Main Campus FY13 Total Proposed Unrestricted BudgetExcluding Scholarships and Direct Fee Allocations Other - Unit $44M Other - Central $15M State App $ 155M Net Tuition/fees $188M 8 Allocable in Budget Process - $358M AU Main Campus Budget by Type of Expense - $582M Amounts in Millions $55 $29 $59 $340 $99 9 Personnel Scholarships Transfers Plant Other AU Main Campus Budget by Type of Expense Excluding Scholarships-$483M Amounts in Millions $55 $29 $59 $340 Transfers Debt $28M Stud fac/serv 19M Facilities/DM 6M Research 2M Proration Res 1M Pres Priorities 1M Other 2M 10 Personnel Transfers Plant Other Outlook - Challenges State appropriations • Other revenues • Cost pressures • 11 State Appropriations by Division (amounts in millions) AU AUM AAES ACES FY08 Actual $220.0 FY13 Budget $155.5 Decrease since FY08 30.9 $ 21.9 $ 9.0 41.2 $ 30.0 $ 11.2 44.6 $ 31.2 $ 13.4 $336.7 $238.6 $ 98.1 $ 64.5 One-time proration of $64M in addition to permanent funding reductions 12 State Appropriations by Division Amounts in Millions FY08 Actual FY13 Budget Permanent Decrease FY08-13 FY08-13 One Time Proration Cumulative Effect for FY08-13 $220.0 $155.5 $ 64.5 $ 41.8 $ 307.9 AUM 30.9 21.9 $ 9.0 6.1 39.5 AAES 41.2 30.0 $ 11.2 7.9 53.6 ACES 44.6 31.2 $ 13.4 8.5 63.0 $336.7 $238.6 $ 98.1 $ 64.3 $ 464.0 AU 13 • Other revenues Investment returns – very limited • Gifts – typically restricted • Competition for grants and contracts and limits to full recovery of costs • Tuition – affordability issues & federal scrutiny • Some success in increasing net tuition revenues with scholarship program changes • • Cost pressures • • • Benefit cost increases – TRS, health insurance Deferred maintenance & new facility needs Salary and wage improvement 14