Transcript 2

Budget Process
General Revenue
External
Legislature
• Appropriates
• Sets Enrollment Growth
Internal
President
• Issues instructions/guidelines
• Institutional priorities/goals
Budget Process
General Revenue (cont’d.)
Divisions
• Prepare and submit requests
• In priority order & linked to related goal
President
• Reviews requests with VPs/Budget
Director
• Decision communication to VPs
Budget Office
• Records approved budget
Budget Process
Auxiliaries
• Instructions/guidelines distributed to units
• Budget requests prepared (incl. est’d.
revenue)
• Auxiliary Oversight Committee
Reviews
Conducts hearings
Makes recommendations to President
• President reviews and makes decision
• Budget Office records approved budget
Budget Process
Direct Support Organizations
• Two 501(c)(3) corporations:
UNF Foundation, Inc.
UNF Training & Service Institute, Inc.
• Budget process follows organizational
structure
• President submits to respective boards for
approval
2001-02 Budget
Revenue Sources
State
Federal Government
Student Fees
Sales of Goods & Services
Private
Total All Revenue Sources
$71,994,744
$16,995,931
$28,999.078
$18,413,727
$18,141,966
$154,545,446
2001-02 Budget
Revenue Sources (cont’d.)
State
General Revenue
Lottery
Financial Aid
Federal Government
Sponsored Research
Financial Aid
$71,994,744
59,283,229
3,504,412
7,096,103
$16,995,931
6,909,000
10,086,931
2001-02 Budget
Revenue Sources (cont’d.)
Student Fees
$28,999.078
Matriculation & Tuition
20,497,658
Athletics
3,121,951
Student Government
2,393,560
Student Health/Misc. Activities 1,885,909
Financial Aid
1,100,000
2001-02 Budget
Revenue Sources (cont’d.)
Sales of Goods & Services
$18,413,727
Auxiliary Services
18,012,206
Concessions
106,000
Child Development. Res. Ctr.
295,521
2001-02 Budget
Revenue Sources (cont’d.)
Private
$18,141,966
Financial Aid
16,559,716
Sponsored Research
331,130
UNF Foundation
1,102,962
UNF Training & Service Inst.
148,158
Total All Revenue Sources
$154,545,446
2001-02 Budget
Resource Allocation
Instruction & Research
Public Service
Academic Support
Student Services
Institutional Support
Plant Operation & Maint.
Total All Allocations
$51,307,470
$ 1,267,149
$15,932,082
$49,047,583
$35,579,686
$ 9,519,391
$154,545,446
2001-02 Budget
Resource Allocation (cont’d.)
Instruction & Research
General Revenue
Sponsored Research
Public Service
Academic Support
General Revenue
Library
$51,307,470
41,362,470
9,945,000
$ 1,267,149
$15,932,082
14,330,236
1,601,846
2001-02 Budget
Resource Allocation (cont’d.)
Student Services
$49,047,583
General Revenue
5,850,642
Financial Aid
35,500,000
Student Government
2,393,560
Child Development Res. Ctr.
295,521
Student Health/Misc. Activities 1,885,909
Athletics
3,121,951
2001-02 Budget
Resource Allocation (cont’d.)
Institutional Support
General Revenue
Concession
Auxiliary Services
Plant Operation & Maint.
Total All Allocations
$35,579,686
18,003,072
106,000
17,470,614
$9,519,391
$154,545,446
Budgetary Controls
• State funds released quarterly
• Budget Officer monitoring
• Funds reserved (encumbered) to cover
purchase orders & projected salary
expenditures
Budgetary Controls (cont’d.)
• Student enrollment monitored
• State Comptroller “pre-audits”
expenditures (in excess of $1,000) for
compliance
Reserves
• Reserves established to cover contingencies/
emergencies:
From General Revenue for:
• Potential call back of State appropriation
• Potential student enrollment shortfall
• Utility cost increases
• Leave Liability
Reserves (cont’d.)
From Auxiliaries for:
• Contractual requirements
• Leave Liability
• Potential revenue shortfall
• Repair & replacement