Transcript A Primer on The University Budget Fiscal Year 2012-13 2012-2013 Budget Summary (Operating Budget) $ Millions Total Budget $2,347 Academic Core $1,231 Academic Enhancement $730 Self Supporting $386

A Primer on The University Budget
Fiscal Year 2012-13
2012-2013 Budget Summary
(Operating Budget)
$ Millions
Total Budget
$2,347
Academic
Core
$1,231
Academic
Enhancement
$730
Self
Supporting
$386
2
2012-2013 Total University Sources
(Operating Budget)
$2,347 Million
Tuition: $592M,
25%
State General
Revenue:
$295M, 13%
AUF Recurring:
$176M, 8%
Self Supporting:
$386M, 16%
AUF Payout
Increase: $17M,
1%
AUF In Lieu of
Tuition
Increases: $7M,
0.3%
Academic
Enhancement:
$730M, 31%
Indirect Cost:
$74M, 3%
Other Academic
Core: $70M, 3%
3
2012-2013 Total University Uses
(Operating Budget)
$2,347 Million
Maintenance &
Operation: $433M,
18%
Salaries & Benefits:
$1238M, 53%
Scholarships:
$252M, 11%
Other: $234M, 10%
Utilities: $77M, 3%
Transfer to Capital:
$27M, 1%
Transfer for Debt
Service: $86M, 4%
4
2012-2013 Academic Core Sources
(Operating Budget)
$ Millions
Academic
Core
$1,231
State
General
Revenue
$295
AUF*
$176 R
$17 NR
$7 NR
Tuition
$592
Indirect
Cost
$74
Other**
$70
*AUF includes annual payout (varies annually), $17M for FY 12-13 as a result of an increase in
the payout rate that may not recur to FY 13-14 and $7M in lieu of resident undergraduate tuition
increases for FY 12-13 and FY 13-14.
**Other includes Budgeted Balances, Intellectual Property Income, and Administrative Fee, etc.
5
2012-2013 Academic Core Uses
(Operating Budget)
$1,231 Million
Maintenance &
Operation:
$96M, 8%
Scholarships:
$97M, 8%
Salaries &
Benefits:
$756M, 61%
Utilities: $63M,
5%
Other: $150M,
12%
Transfer to
Capital: $21M,
2%
Transfer for
Debt Service:
$48M, 4%
6
2012-2013 Academic Core
Salaries & Benefits
(Operating Budget)
$756 Million
Faculty: $252M,
33%
Fringe Benefits:
$195M, 26%
Staff: $261M,
35%
Wages: $17M, 2%
Teaching
Assistants:
$31M, 4%
7
2012-2013 Academic Enhancement Budget
(Operating Budget)
$ Millions
Academic
Enhancement
$730
Contracts &
Grants*
$472
Gifts
$200
Other
$58
Other includes budgeted balances, Library Resource Sharing Project, and income
collected for specific academic purposes (Executive MBA, Field Trips, Orientation,
Application, & Library fees, etc.)
*Indirect Cost of $74M is included in the Academic Core
8
2012-2013 Self Supporting Budget
(Operating Budget)
$ Millions
Self
Supporting
$386
Other
$105
Auxiliary
Enterprises
$281
Auxiliary Enterprises include:
Intercollegiate Athletics:
Housing & Food:
AT&T Exec. Ed & Conference Ctr.
Erwin Center:
Parking & Transportation:
$137M
$77M
$28M
$22M
$17M
Other include:
Continuing Education, Performing Arts Center, UIL, KUT,
McDonald Observatory, Accelerated Schools, Option III
programs, Dana Center, LBJ Wildflower Center, etc.
9
Academic Core Budget
10
FY 2012-13 to FY 2016-17
Academic Core Projected Budget Sources
$Millions
($ in millions)
State General Revenue (GR)
Flat Rate Tuition (net of Texas
Tomorrow)
Student Activity Center
AUF System Estimate - Recurring
AUF – One-time Increase in Payout
AUF - In Lieu of Tuition Increases
Indirect Cost
Other Revenue
Balances
Total Budget Sources
Budget
2012-13
Forecast
2013-14
Forecast
2014-15
Forecast
2015-16
Forecast
2016-17
295.1
295.6
296.1
296.6
297.2
585.0
584.8
584.2
584.0
583.2
6.5
6.5
6.5
6.5
6.5
175.7
193.0
200.2
212.0
223.5
17.0
0.0
0.0
0.0
0.0
6.6
6.6
0.0
0.0
0.0
73.6
73.6
73.6
73.6
73.6
51.1
51.0
51.0
51.0
51.0
20.8
15.0
10.8
7.8
5.6
1231.4
1226.1
1222.4
1231.5
1240.6
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FY 2012-13 to FY 2016-17
Academic Core Projected Budget Forecast
$ Millions
Forecast
2013-14
Forecast
2014-15
Forecast
2015-16
13.3
(5.3)
(3.7)
9.1
9.1
Total Budget Sources
1231.4
1226.1
1222.4
1231.5
1240.6
Total Status Quo Uses
1218.1
1226.5
1226.6
1226.6
1226.4
Net Funds to Allocate
13.3
(0.4)
(4.2)
4.9
14.2
Less: Required Fringe, Financial Aid, and
Facility Increases
16.2
7.1
14.7
22.9
39.9
Net Funds to Allocate
(2.9)
(7.5)
(18.9)
(18.0)
(25.7)
($ in millions)
Increase/(Decrease) over Prior Year:
Budget
2012-13
Forecast
2016-17
12
2012-2013 Budget
Academic Core Budget
$ Millions
REVENUE INCREASES
Incr/(Decr) from
2011-12 to 2012-13
GENERAL REVENUE INCREASES/REDUCTIONS:
General Revenue Appropriations - FY 11-12 to FY 12-13
General Revenue - Staff Group Insurance (HEGI)
General Revenue - State Paid Fringe Benefits
TOTAL GENERAL REVENUE INCREASES
(2.3)
1.3
(0.8)
(1.8)
OTHER REVENUE SOURCES:
E&G/Designated Tuition from Flat Rate (incl SAC) from Increased Tuition Rates
E&G/Designated Tuition from Flat Rate (incl SAC) from Budgeting Higher Enrollment
6.8
18.2
Available University Fund (AUF) (incl non-recurring)
(4.2)
Interest
(1.1)
Administrative Fee Income
0.2
Indirect Cost
0.8
Other Income
0.5
Balances
TOTAL OTHER REVENUE INCREASE
NET REVENUE INCREASE
Net Available Funds to Allocate
(6.1)
15.1
13.3
13.3
13
2012-2013 Budget
Academic Core Budget
$ Millions
Incr/(Decr) from
2011-12 to 2012-13
Required Budget Increases
Baseline Fringe Benefit Increases
8.9
Additional Financial Aid (TX Tomorrow, TPEG, B-on-Time, TA/AI)
2.5
New Space Maintenance and Utilities
4.8
Subtotal Required Budget Increases
16.2
Net Available Funds to Allocate
(2.9)
Priority Increases
Student Success Initiatives
5.5
Indirect Cost Commitments for IDC increases
0.8
College Initiatives
FY 12-13 TPAC - Professional School Initiatives (incl fringes)
Subtotal Priority Increases
Net Available Funds to Allocate less Priority Increases
Net Budget Reductions (FY 11-12 AUF Non-Recurring Expenditures)
NET BUDGET (SHORTFALL)/SURPLUS
1.3
7.6
(10.5)
10.5
0.0
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