Transcript Tuition Policy Advisory Committee (TPAC) Public Forum Agenda October 12, 2011 I. Welcome and Introductions II. Overview of FY 11-12 Budget and Forecast III. TPAC Process Overview IV. Questions and Answers.

Tuition Policy Advisory Committee
(TPAC)
Public Forum Agenda
October 12, 2011
I.
Welcome and Introductions
II.
Overview of FY 11-12 Budget and Forecast
III.
TPAC Process Overview
IV.
Questions and Answers
A Primer on The University Budget
Fiscal Year 2011-12
2
2011-2012 Budget Summary
(Operating Budget)
$ Millions
Total Budget
$2,284
Academic
Core
$1,218
Academic
Enhancement
$693
Self
Supporting
$373
3
2011-2012 Total University Sources
(Operating Budget)
$2,284 Million
Tuition: $567M,
25%
State General
Revenue:
$297M, 13%
AUF
Recurring:
$156M, 7%
Self
Supporting:
$373M, 16%
AUF Payout
Increase:
$23M, 1%
AUF Non
Recurring:
$25M, 1%
Academic
Enhancement:
$693M, 30%
Other
Academic
Core: $77M,
4%
Indirect Cost:
$73M, 3%
4
The Permanent University Fund (PUF) and
Available University Fund (AUF
PUF Lands
(Leases)
PUF Cash Investments
(Return on Investment)
Available University Fund
(AUF)
2/3 UT System
1/3 A&M System
System Costs
PUF Bonds
UT Austin
UT Austin
FY 11/12 $156M (recurring)
UT Austin receives about 30% of
the total AUF income from
the PUF
5
2011-2012 Total University Uses
(Operating Budget)
$2,284 Million
Salaries &
Benefits:
$1208M, 53%
Maintenance
& Operation:
$403M, 18%
Scholarships:
$256M, 11%
Other: $236M,
10%
Utilities:
$76M, 3%
Transfer to
Capital: $24M,
1%
Transfer for
Debt Service:
$81M, 4%
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2011-2012 Academic Core Sources
(Operating Budget)
$ Millions
Academic
Core
$1,218
State
General
Revenue
$297
AUF*
$156 R
$23 NR
$25 NR
Tuition
$567
Indirect
Cost
$73
Other**
$77
*AUF includes annual payout (varies annually), $22.9M for FY 11-12 as a result of
an increase in the payout rate that may not recur to FY 12-13 and $25M nonrecurring to fund the following initiatives as designated by UT System: $13M for
excellence, $7M for faculty excellence, and $5M for faculty recruitment.
**Other includes Budgeted Balances, Intellectual Property Income, Interest,
Administrative Fee, etc.
7
2011-2012 Academic Enhancement Budget
(Operating Budget)
$ Millions
Academic
Enhancement
$693
Contracts &
Grants*
$453
Gifts
$194
Other
$46
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 $73M is included in the Academic Core
8
2011-2012 Self Supporting Budget
(Operating Budget)
$ Millions
Self
Supporting
$373
Other
$104
Auxiliary
Enterprises
$269
Auxiliary Enterprises include:
Intercollegiate Athletics:
Housing & Food:
AT&T Exec. Ed & Conference Ctr.
Erwin Center:
Parking & Transportation:
$133M
$75M
$26M
$18M
$17M
Other include:
Continuing Education, Performing Arts Center, UIL, KUT,
McDonald Observatory, Accelerated Schools, Option III
programs, Dana Center, LBJ Wildflower Center, etc.
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Academic Core Budget
Forecast
10
FY 2011-12 to FY 2015-16
Academic Core Projected Budget Sources
$Millions
Budget
2011-12
Budget
2012-13
Forecast
2013-14
Forecast
2014-15
Forecast
2015-16
State General Revenue (GR)
296.9
296.4
298.1
298.6
299.2
Flat Rate Tuition (net of Texas Tomorrow)
560.0
559.9
559.6
559.3
559.1
6.5
6.5
6.5
6.5
6.5
155.6
193.4
194.8
200.7
212.3
22.9
0.0
0.0
0.0
0.0
7.0
0.0
0.0
0.0
0.0
AUF – Excellence Funding Non Recurring
13.0
0.0
0.0
0.0
0.0
AUF – Faculty Recruitment Non Recurring
5.0
0.0
0.0
0.0
0.0
Indirect Cost
72.8
72.8
72.8
72.8
72.8
Other Revenue
51.5
51.5
51.5
51.5
51.5
Balances
26.9
7.9
7.9
7.9
7.9
1,218.1
1,188.4
1,191.2
1,197.3
1,209.3
Student Activity Center
AUF System Estimate - Recurring
AUF – Increase in FY 11-12 payout
AUF – Faculty Support Non Recurring
Total Budget Sources
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FY 2011-12 to FY 2015-16
Academic Core Projected Budget Forecast
$ Millions
Budget
2011-12
Forecast
2012-13
Forecast
2013-14
Forecast
2014-15
Forecast
2015-16
Total Budget Sources
1,218.1
1,188.4
1,191.2
1,197.3
1,209.3
Less Total Status Quo Uses
1,218.1
1,169.2
1170.1
1,170.1
1,170.1
Net Funds to Allocate
19.2
21.1
27.2
39.2
Less: Required Fringe, Financial Aid, and Facility
Increases
18.2
36.7
53.5
69.3
Net Funds to Allocate
1.0
(15.6)
(26.3)
(30.1)
($ in millions)
12