Transcript University of Colorado at Boulder New Regent Orientation University of Colorado at Boulder March 11, 2009

University of Colorado at Boulder
New Regent Orientation
University of Colorado at Boulder
March 11, 2009
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University of Colorado at Boulder
FY 2009 Initial Budget

Restricted funds are gifts,
grants & contracts, and noninstitutional financial aid

Auxiliaries include Housing,
Bookstore, Continuing
Education, UCSU cost
centers and other selffunded departments

The campus operating
budget, the General Fund, is
primarily State funding, ICR,
and 80% of total tuition and
fees

Tuition and fees is largest
revenue category
FY2009 Current Fund Revenues
Auxiliary,
Sales &
Services
17%
ICR
5%
Other
1%
State
Funding
(COF, FFS)
8%
Gifts,
Grants &
Contracts
27%
Tuition &
Fees
42%
$1.0B
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University of Colorado at Boulder
FY2009 Budget




Restricted fund - $280 million (27%)
Auxiliary fund - $240 million (23%)
General Fund - $500 million (50%)
Total estimated current funds $1.02 billion
Restricted
FY2009
Auxiliary
Genl Fund
0%
20%
40%
60%
80%
100%
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University of Colorado at Boulder
General Fund
$500 million
FY2009 GF Revenue
150
100
50
O
th
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R
at
e
IC
es
R
St
tu
i
it
t
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tu

200
re
s

250
In millions

Tuition $358 million
(71%)
State funding $86.3
million (17%)
ICR $41 million (9%)
Fees and Other $15.8
million (3%)
N
on

Rev Category
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University of Colorado at Boulder
$35,000
Tuition/fee and State-funding Revenues per
All-Student FTE, FY07, US Public AAU's
State funding
Tuition & fees
Source: IPEDS Finance
$30,000
CU-Boulder $13.8K = 72% of overall average, 78% of non-medical average
$25,000
$20,000
Average, all w/o CU-Boulder, $19.2K
Avg non-medical, $17.8K
$15,000
$10,000
$5,000
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University of Colorado at Boulder
State Funding and Tuition Rate per in-State
Student FTE, FY09, Reporting AAU Publics

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University of Colorado at Boulder
Expense Components FY07
$12
$10
UCB as percentage of peer average per
StuFTE
Instruction
80%
Ac support 70%
Inst support 50%
Stu services 61%
$8
$6
$4
$2
$
Thousands
Instruction
Acad
support
Inst
support
Student
services
Other w/o
research7
University of Colorado at Boulder
Tuition Rates – UCB as Pct AAU Public Avg
160%
Nonresident Undergraduate
140%
120%
100%
Resident Undergraduate
80%
60%
40%
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
L:\IR\aaude\tui\AAUTuition.xls
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University of Colorado at Boulder
Typical Cost of Attendance
Example for an academic year full-time, undergraduate Arts and Sciences student
COA
Academic
Year
Tuition
AY 2009
Full-Time
Non-Resident
(Incoming)
AY 2009
Full-Time
Resident
$25,400
$5,922
Fees
1,356
1,356
Room and
Board
9,860
9,860
Other
6,743
6,123
Total
$43,359
$23,261
Note: The resident tuition line only represents the students share and does not include the COF
stipend. “Other” is based on estimates established by CCHE
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University of Colorado at Boulder
Grant aid excluding State and
federal as % of FY tuition revenue
25%
20%
15%
Resident undergraduates
10%
5%
Non-resident undergraduates
0%
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
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University of Colorado at Boulder
Boulder Campus Fall Headcounts
By residency -- includes non-degree students
Fall 81
Fall 08
Change
 Residents 14,923
 Non-Res 7,326
 Total
22,249
20,038
10,096
30,134
5,115
2,770
7,885
34%
38%
35%
 New frosh 3,300
5,833
2,533
77%
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University of Colorado at Boulder
Research Awards by Funding
Agency
FY2008 Awards - $280 million
14%
15%
14%
20%
14%
6%
17%
DHHS
NASA
NSF
Other Univ
Dept Commerce
Other Fed
Other Non Fed
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University of Colorado at Boulder
Restricted Fund

Research activity steady


Expenditures steady FY06 to FY08 around $260M
Gifts

2nd largest component in restricted fund

Approximately $45M annually

Other restricted fund activity

Pell and work study federal funding $14M annually

DHE financial aid $8M FY09
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University of Colorado at Boulder
Sponsored Research 1968-2007
300
2,500
Millions of dollars
Expenditures
250
2,000
200
1,500
150
Dollar amount of awards
1,000
100
N of awards (right axis)
500
50
FY07 expenditures projected
(Black square)
1968
1973
1978
1983
1988
1993
1998
2003
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University of Colorado at Boulder
Auxiliary Fund

Auxiliary fund activities are conducted to provide
services and support for the Boulder campus

Resource management can be “restricted” per
bond covenances and Federal Cost Accounting
Standards

Auxiliary fund activity approximately $240 million

Auxiliary enterprises are 90% of the auxiliary
fund and the largest is Housing $78 million

UCSU $36 million, one of largest student
governments
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University of Colorado at Boulder
Local Economic Impact

Over 30,000 students, 6000 jobs and
$475M of payroll

Over $17.00 generated in economy for
each dollar of tax support

Over $250M in research grants from
external sources

Incubator of numerous start-up companies
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University of Colorado at Boulder
COMMENTS &
DISCUSSION
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