Budget ProcessGeneral Revenue

External Legislature• Appropriates• Sets Enrollment Growth

Internal President• Issues instructions/guidelines• Institutional priorities/goals

Budget ProcessGeneral Revenue (cont’d.)

Divisions• Prepare and submit requests• In priority order & linked to related goalPresident• Reviews requests with VPs/Budget

Director• Decision communication to VPsBudget Office• Records approved budget

Budget ProcessAuxiliaries

• Instructions/guidelines distributed to units• Budget requests prepared (incl. est’d.

revenue)• Auxiliary Oversight Committee

ReviewsConducts hearingsMakes recommendations to President

• President reviews and makes decision• Budget Office records approved budget

Budget ProcessDirect 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 BudgetRevenue Sources

State $71,994,744

Federal Government $16,995,931

Student Fees $28,999.078

Sales of Goods & Services $18,413,727

Private $18,141,966

Total All Revenue Sources $154,545,446

2001-02 BudgetRevenue Sources (cont’d.)

State $71,994,744

General Revenue 59,283,229

Lottery 3,504,412

Financial Aid 7,096,103

Federal Government $16,995,931

Sponsored Research 6,909,000

Financial Aid 10,086,931

2001-02 BudgetRevenue 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 BudgetRevenue 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 BudgetRevenue 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 BudgetResource Allocation

Instruction & Research $51,307,470

Public Service $ 1,267,149

Academic Support $15,932,082

Student Services $49,047,583

Institutional Support $35,579,686

Plant Operation & Maint. $ 9,519,391

Total All Allocations $154,545,446

2001-02 BudgetResource Allocation (cont’d.)

Instruction & Research $51,307,470

General Revenue 41,362,470

Sponsored Research 9,945,000

Public Service $ 1,267,149

Academic Support $15,932,082

General Revenue 14,330,236

Library 1,601,846

2001-02 BudgetResource 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 BudgetResource Allocation (cont’d.)

Institutional Support $35,579,686

General Revenue 18,003,072

Concession 106,000

Auxiliary Services 17,470,614

Plant Operation & Maint. $9,519,391

Total All Allocations $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