FY2012-13 Budget Documents
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Transcript of FY2012-13 Budget Documents
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FY2012-13 Budget Documents
Executive SummaryApproval of Tuition & Fees ScheduleRecurring Reduction Implementation Plan
NarrativesRevenue SummaryExpenditure SummariesCapital Budget
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FY13 Estimated Cost of Attendance
Maximum Tuition and Fees Parameter 5% Set by CPE
CPE Approves Tuition and Fees June 21
FY2012 FY2013 % ChangeTuition & Fees 8,084 8,472 4.8%Meals 3,150 3,150 0.0%Room 4,120 4,240 2.9%Books 1,000 1,000 0.0%Total 16,354 16,862 3.1%
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2012-13 Operating Budget2012-13 Budget
Dollar Increase Pct Increase
Total Budget $388,597,000 $3,550,000 .9%
Total E&G 364,413,000 4,420,000 1.2%
Unrestricted E&G 294,853,000 6,761,000 2.3%
Restricted E&G 69,560,000 (2,341,000) (3.3%)
Total Auxiliary 24,184,000 (870,000) (3.5%)
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Self Generated$49.7 (12.8%)
Designated State Funding
$2.8 (0.7%)Restricted Funds
$69.6 (17.9%)
Auxiliary En-terprises
$24.2 (6.2%)
State Appropri-ation, Operating
$69.6 (17.9%)
Tuition & Fees$172.7 (44.5%)
Projected Revenue by Source(In Millions)
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From Every Revenue Dollar ReceivedOnly 18 cents comes from
State Appropriations44 cents comes from Tuition and Fees
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$77,377,300 4,952,100 $72,425,200
Changes in State Appropriation
FY 2012State
Appropriation
Reduction inState
Appropriation
FY 2013State
Appropriation
• Budget Reduction Plan by Division
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How to Balance the Budget?
Revenues
Expenditures
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Unavoidable Cost andCommitment Allocations
Total$8,287,00
0
Personnel$4,381,00
0
Operating$3,906,00
0
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Fixed Cost Increases
Library Books and Subscriptions
$160,000 M&O/Utilities CostsNew Buildings
175,000
Contractual Obligations 492,000 Student Financial Assistance
2,417,000
Faculty Promotions 250,000 Fuel Costs, Police Dept. & Shuttle Buses
105,000
Retirement Systems Rate Increases
845,000 Other Costs 135,000
Total $4,579,000
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Strategic Commitments2% Salary Increase $2,100,000 Nursing Growth 834,000
International Legal Affairs Specialist
62,000 Other Academic Programs 95,000
Owensboro Campus Staffing
125,000 Restricted Tuition Programs (Student Technology, Health Services, SGA/Programs)
(40,000)
IT personnel for Library Services
159,000 DELO Distribution 87,000
Minority Fac. Hiring Plan 105,000 Summer School (135,000)
IT Critical Needs Lease 316,000 Total $3,708,000
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Unrestricted E&G Budgeted Expenditures“By the Dollar”
58¢ Personnel 24¢ Operating
3¢ Utilities 1¢ Capital Outlay
10¢ Student Aid
4¢ Debt Service
By Major Classification
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Unrestricted E&G Budgeted Expenditures“By the Dollar”
1¢ Development & Alumni Relations
2¢ Finance & Administration
5¢ Information Technology
1¢ Public Affairs
2¢ Research3¢ Student Affairs
By Organizational Area
11¢ Campus Serv. & Facilities8¢ Other
7¢ Athletics
60¢ Academic Affairs
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Capital BudgetGeneral Assembly did not authorize state or agency bonds for
FY12-14 biennium.WKU funds authorization received for capital projects subject
to availability of funds.Annual capital leases approximately $1.4M.
Capital SummaryState Bonds $0Agency Bonds DUC 50,000,000 Music Hall Practice Fac/Fine Arts 8,198,000Restricted Funds 46,491,750Federal Funds 831,250 Total $105,521,000
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“Education is the most powerful weapon which you can use to change the world”
--Nelson Mandela