Transcript Tuition Policy Advisory Committee September 16, 2004 Sources of Funds • Educational and General – State appropriated and Available University Funds (AUF) • Designated Funds •

Tuition Policy Advisory
Committee
September 16, 2004
1
Sources of Funds
• Educational and General – State appropriated
and Available University Funds (AUF)
• Designated Funds
• Sponsored Research Grants and Contracts
• Auxiliary Enterprise Funds
• Gift Funds
2
Educational and General Funds (E & G)
• 14-accounts – State Appropriated Funds
• 20-accounts – Available University Funds (AUF)
Sources of 14-accounts
• General revenue appropriations provide by the Legislature
• Tuition: statutory and graduate differential
• Indirect cost income from sponsored projects
• Laboratory and supplemental fees and library fines
Sources of 20-accounts
• AUF derived from income from Permanent University Fund
Uses of E & G Funds
• Instruction
• Research
• Administration
• Scholarships
3
Designated Funds
19-accounts
Sources of Designated Funds
Academic:
• Base Designated Tuition – ($46/SCH) established by the Legislature
• Academic Sustainability Tuition – designated tuition established by the Board of Regents
• Mandatory Student Incidental Fees
• College and Course Incidental Fees
Other:
• Continuing Education, Conferences, Camps
Use of Designated Funds
Academic:
• Programs and activities relevant to the educational mission of the University
Other:
• Public service activities relevant to the mission of the University
4
Sponsored Research Grants and Contracts
26-accounts
Source of Sponsored Funds
Funds provided by external agencies and sponsors for specific
research and educational programs
Use of Sponsored Funds
Funds can only be used for the purpose specified in the award
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Auxiliary Enterprise Funds
29-accounts
Sources of Auxiliary Funds
• Auxiliary Enterprise Units generate income by
providing goods and services to the campus
community and the general public
Uses of Auxiliary Funds
• Managed as self-supporting units and all
expenditures support the auxiliary function
Examples of Auxiliary Enterprise Units
•
•
•
•
•
Parking & Transportation
Housing and Food
Athletics (includes Frank Erwin Center)
Recreational Sports
Texas Union
6
Gift and Endowment Funds
30-accounts
Source of Gift Funds
Cash received from external donors usually for a specific purpose
Source of Endowments
Annual interest earnings on the investment of the principle
Use of Gift/Endowment Funds
Funds are controlled by the terms and conditions of the gift/endowment
Note:
In addition, substantial, non-monetary gifts are often received (real
estate, art work, stocks & bonds, core samples, etc.)
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2004-05 University Budget
Change from
2003-04
Academic
931.6
77.9
Sponsored Research
314.2
22.0
Gifts and Endowments
143.2
14.1
Auxiliary
178.5
8.9
TOTAL
$1,567.5
$122.9
(E & G and Designated)
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University Finances
Fiscal Year 2004 - 05
Total University Budget = 1.567 B
Designated
$366.7M
24%
Contracts & Grants,
$314.2M
20%
Auxiliary
$178.5M
11%
Other E&G Income
$71.4
4%
Statutory Tuition
$95.2M
6%
Gifts
$143.2M
9%
AUF
$106.3M
7%
Appropriated Funds
$292.0M
19%
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Educational and General Funds
2004 – 05 Fund Sources
General Revenue Appropriations
292.0 M
Tuition
95.2 M
Indirect Cost – Research Support
41.0 M
Interest
2.2 M
Prior Year Balances
3.0 M
Other
0.7 M
Available University Fund
106.3 M
Transfers from the Coordinating Board:
State Research Grants
Texas Grant Program, Financial Aid
TOTAL
2.2 M
15.8 M
558.4 M
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Designated Funds
2004 – 05 Fund Sources
Designated Tuition
63.8 M
Academic Sustainability Tuition
70.2 M
Mandatory & Incidental Student Fees
Sub-Total
108.3 M
242.3 M
Student Financial Aid
12.3 M
Continuing Education
20.2 M
University Interscholastic League
6.2 M
Indirect Cost - Research Support
14.3 M
Interest on Time Deposits
Other
TOTAL
1.5 M
69.9 M
366.7 M
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Academic Funding
2004 – 05 Personnel Detail
Personnel Expenditures = 66.5% of Total Academic Budget
E&G
Designated
TOTAL
Staff
151.7 M
84.0 M
235.7M
Faculty
200.5 M
0.6 M
201.1 M
17.4 M
0.6 M
18.0 M
6.3 M
16.0 M
22.3 M
375.9M
101.2 M
477.1 M
Fringes
110.0 M
27.8 M
137.8 M
TOTALS
485.9 M
129.0 M
614.9M
TA’s
Wages
Sub-Total Salaries
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Academic Budget Over 30 Years
(in millions)
30 Years
1973/74
State GR Funding
$
68.6
$
190.5
$
219.6
$
291.9
Total ACADEMIC Budget
$
81.6
$
287.0
$
458.5
$
931.6
Percent State Funding
84.1%
20 Years
1983/84
66.4%
10 Years
1993/94
47.9%
Today
2004/05
31.3%
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Budget Revenue Summary
Fiscal Year 2004 - 2005
Revenue Increases/(Decreases) from 2003 – 2004
Budget
General Revenue Appropriations
Available University Funds
0.1
(3.0)
Tuition
0.8
ITAC/Library/Designated Tuition/AST/Other Fees
72.6
Other Designated Increases
1.8
Transfers from the Coordinating Board (THECB)
5.1
Net Revenue Increase
77.4
Reductions in Current Budget
Reduction to Contributions for Athletics
Net Expenditure Decrease
Available Funds for 04-05 Budget
0.5
0.5
77.9
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Budget Expenditure Summary
Fiscal Year 2004 - 2005
Expenditure Increases from 2003 – 2004 Budget
Salary / Fringe Benefits
25.6
New Faculty Positions
1.8
Faculty Start-Up Cost and New Program Initiatives
6.6
Research Infrastructure
0.9
Repair and Renovation
16.0
Scholarships (AST Set-Aside)
19.7
Utilities – Rate and Consumption Increase
6.0
Commitments List
1.3
Total Budget Increase
77.9
Available Budget
77.9
Budget Surplus
0
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Tuition and Fee Sources
•
•
•
•
•
•
Statutory Tuition – rate established by the Legislature, scheduled to increase
annually by $2/SCH until 2005-06; rate is $48/SCH for 2004-05 academic year
Base Designated Tuition – authorized by the Legislature, with rate set by the
Board of Regents; UT Austin rate is fixed at $46/SCH
Differential Tuition - authorized by the Legislature, with rate set by the Board of
Regents for graduate programs, and Law and Pharmacy first-professional
programs
Academic Sustainability Tuition – flat rate, designated tuition set by the Board
of Regents for full time students; for 2004-05: resident $720, non-resident
returning $800, first-time enrolled non-resident $1200
Mandatory Incidental Fees – authorized by the Board of Regents; University
wide, required fees assessed on SCH or headcount basis
College & Course Specific Incidental Fees – authorized by the Board of
Regents, assessed on SCH or headcount basis
16
Mandatory & Incidental Student Fees
2004 – 05 Expenditures
Information Technology
31.7 M
Advising
12.5 M
Application / Admissions
4.1 M
Placement
6.3 M
Equipment
5.7 M
Instructional Resource
16.3 M
Orientation
1.5 M
Writing Center
1.1 M
Course Specific Fees
2.3 M
Library
Book Fines / Late Fees
Other
TOTAL
15.7 M
0.7 M
10.4 M
108.3 M
17
Academic Sustainability Tuition
2003– 04 vs 2004 – 05 Expenditures
FY 03-04
FY 04-05
Tuition Grants (Financial Aid)
3.9 M
17.1 M
B-On-Time (Financial Aid)
0.6 M
2.6 M
11.7 M
16.0 M
Faculty & Staff Salary Increase
0.0 M
25.6 M
Hire 30 additional Faculty members
0.0 M
2.3 M
Faculty & Program Start-up funding
0.0 M
6.6 M
16. 2 M
70.2 M
Maintenance, R&R, ADA Compliance
TOTAL
18
Academic Sustainability Tuition
Fall 2004 / Spring 2005
SEM Credit Hrs (SCH)
Resident
Continuing
Non-Resident
New
Non-Resident
Undergraduate
Full-Time
12+ Hours (Fixed)
$720
$800
$1,200
Part-Time
8 – 11 Hours (Fixed)
$576
$640
$960
1st Hour
$216
$240
$360
Each Add’l Hour
$36
$40
$60
$720
$800
$1,200
1st Hour
$216
$240
$360
All Other Hours
$65
$72
$108
1 – 7 Hours (Prorated)
Graduate
Full-Time
9+ Hours (Fixed)
Part-Time
1 – 8 Hours (Prorated)
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Financial Aid Grant Award
for Academic Sustainability
Resident Undergraduate Tuition
Annual Income
Awards
$0 - $40,000
100%
$40,001 - $60,000
75%
$60,001 - $80,000
50%
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