Transcript Tuition Policy Advisory Committee Meeting September 5, 2003 TPAC Meeting #2 University Finances FY03/04 Total University Budget $1.44B Educational & General Component 59% $846.7M + 6.8% Total University Budget $1.44B + 4.7% or $63M Endowment Component 9% $129.1M – 1.0% Research Component Auxiliary Component 20% 12% $292.2M +

Tuition Policy Advisory
Committee Meeting
September 5, 2003
TPAC Meeting #2
University Finances
FY03/04 Total University Budget $1.44B
Educational
& General
Component
59%
$846.7M
+ 6.8%
Total University
Budget
$1.44B
+ 4.7%
or $63M
Endowment
Component
9%
$129.1M
– 1.0%
Research
Component
Auxiliary
Component
20%
12%
$292.2M
+ 12.6%
$176.6M
+ 2.2%
2003-04 University Budget
Change
from 2002-03
Academic
846.7
27.7
Sponsored Research
292.2
32.7
Gifts and Endowments
129.1
-0.9
Auxiliary
169.6
3.8
7.0
0.0
$1,444.6
$63.3
Facility Balance
TOTAL
2003-04 Academic Budget
Change from
2002-03
Educational & General
Funds
Designated Funds
Subtotal
555.4
-14.2
291.3
$846.7
41.9
$27.7
2003-04 Educational and General Funds
Change from
2002-03
General Revenue (less
overhead return)
269.1
-28.7
General Revenue – overhead
return
22.7
22.7
Tuition-Regular and
Differential
94.4
7.4
109.4
-10.0
41.0
2.0
2.2
-2.8
13.6
-4.2
3.0
-0.6
555.4
-14.2
AUF
IDC Budget
Interest
Dedicated Misc (ATP/ARP, Tx
Grant, Workstudy, etc)
Balances
TOTAL
2003-04 Designated Funds
Change
from 2002-03
Tuition – Designated
60.1
4.7
IT/Library Fees
30.7
5.0
Dedicated Fees
78.5
6.9
122.0
25.3
$291.3
$41.9
Dedicated Other (Fin Aid,
Cont Educ, UIL, etc)
TOTAL
2003-04 Auxiliary Funds
Change
from 2002-03
Auxiliary Student Fees
(Student Services Fee,
Medical Services Fee, Rec
Sports, etc)
34.4
1.6
2003-04 Academic Budget - Summary
Change
from 2002-03
E&G Funds-Academic
Designated Funds-Academic
Subtotal
E&G – Dedicated
Designated Funds-Dedicated
Subtotal
TOTAL
541.8
-10.0
90.8
9.7
$632.6
-0.3
13.6
-4.2
200.5
32.2
$214.1
28.0
$846.7
$27.7
2003-2004 BUDGET REVENUE SUMMARY
Revenue Increases/Decreases
General Revenue Appropriations
Available University Fund
Budget 03-04
- 5,997,958
- 10,000,000
Tuition
7,219,481
Interest Income
- 2,500,000
Indirect Cost Income
1,950,000
ITAC/Library/Designated Tuition
9,752,400
Net Revenue Increase
423,923
Reductions in Current Budget
Reduction to Contribution for Athletics
College and Vice President Permanent Reductions
500,000
25,000,000
UT System AUF Budget Reductions
3,500,000
Reduction in Infrastructure Funding
9,657,835
38,657,835
Available Funds for 03-04 Budget
39,081,758
2003-2004 BUDGET USES
Budget 03-04
Reserve for Possible January Merit Increase
6,796,573
Fringe Benefits Related to Possible Merit
Increase
714,000
Tuition Benefits for TA/AI
570,000
Fringe Benefits
Subtotal – Salary/Fringe
7,789,285
15,869,858
New Faculty Positions
1,800,000
Faculty Salaries-Counter-Offers/Equity
2,262,469
Enrollment Growth
2,474,039
Research Infrastructure
6,686,000
Research Enhancement
8,000,000
Commitments List
1,989,392
Subtotal – Other
$23,211,900
Total Budget Increase
$39,081,758
Available Budget
$39,081,758
Budget Surplus
0
University Finances
How has AUF Changed?
(in millions)
30 Years
1973/74
20 Years
1983/84
10 Years
1993/94
AUF
$
$
$
8.4
57.5
80.9
Today
2003/04
$
109.4
University Finances
What percentage of Academic Budget is funded by
State General Revenue?
(in millions)
30 Years
1973/74
20 Years
1983/84
10 Years
1993/94
State GR Funding
$
68.6
$
190.5
$
219.6
$
291.8
Total ACADEMIC Budget
$
81.6
$
287.0
$
458.5
$
846.7
Percent State Funding
84.1%
66.4%
47.9%
Today
2003/04
34.5%
Thank You