UNIVERSITY OF KENTUCKY2010-11 Tuition and Mandatory Fees
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Considerations
Tuition and
Mandatory Fees
CPE Parameters
State Appropriati
ons
Fixed Cost Increases
Maintaining
MomentumAffordabilit
y
2010-11 Tuition and Mandatory Fees Schedule• January – April: Discussions with CPE President and Staff
• April 21: Campus Forum
• April 23: CPE sets tuition parameters
• April 27: UK Board of Trustees approves tuition/fees
• May 21: CPE reviews UK’s tuition/fees
• June 8: UK Board of Trustees approves 2010-11 Operating and Capital Budget, including program and course fees
Where the money comes from and what it pays for(2009-10 Operating Budget - $2.4 billion)
45%
25%Undesignated General Funds
Money comes from:•State appropriations•Tuition and Mandatory Fees•Investment income•Service assessments
Pays for:• Teaching• Public service• Administrative support• Scholarships
Designated General Funds
Money comes from:• UK HealthCare• County
Appropriations• Course and
program fees
Pays for:• Public service• Instruction
5%19%
7%
Auxiliary Funds
Money comes from:• UK Athletics • Housing• Dining• Parking
Pays for:• Self-supporting
auxiliary units pay all theirexpensesand receive no taxpayer or tuitionsupport
Restricted Funds
Money comes from:• Research grants
and contracts• Endowment income• Gifts• Federal and state
student aid
Pays for:• Research• Scholarships• Public service
Fund Balance
Money comes from:• Savings from prior
years
Pays for:• Capital projects• Faculty start-up
packages• Pilot programs
Where the money comes from and what it pays for(2009-10 Operating Budget - $2.4 billion)
Revised 2009-10 Operating Budget Revenue
Undesignated General Funds:
• State Appropriation – Operating $310,521,400
• Tuition and Mandatory Fees 262,628,600
• Other Undesignated 24,046,000 $597,196,000
Designated General, Auxiliary, and Restricted Funds 1,668,937,500
Fund Balance - Nonrecurring
164,509,100
Total 2009-10 Operating Budget Revenue $2,430,642,600
State Appropriations, net of debt service (in millions)
$280,000,000
$290,000,000
$300,000,000
$310,000,000
$320,000,000
$330,000,000
$340,000,000
$303,026,400.0
$280,211,900.0
$306,341,800.0
$335,071,000.0
$306,517,700.0
Original budgetMid-year cut
Actual = Budget
For FY 2009-10, the state replaced $21.1 million in state appropriations with federal stimulus funds. For FY 2010-11, it is anticipated that the state will replace $17.2 million in state appropriations with federal stimulus funds.
$289.2
Federal Stimulus Funds
Gross Tuition and Mandatory Fee Revenue and Net State Appropriations
(actual in millions)
State appropriations net of debt service and mandated programs.
*Projected
01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10*
Tuition & Fees
121 131 154 179 201 225 239 261 274
State 224.4 216 213.6 205 229.4 232 242.5 230 209
$75
$125
$175
$225
$275
Undesignated General FundsEstimated Fixed Cost Increase - FY 2010-11
Personnel:
• Faculty Promotions/Fighting Funds $937,700
• Benefits 7,281,900 $8,219,600
Operating Expenses:
• Student Financial Aid ?*
• Implementation of General Education Curriculum 2,000,000
• Utilities 1,000,000
• Other Operating Expenses 689,000
Total Fixed Cost Increase $11,908,600
*The increase in the cost of student financial aid is dependent upon the increase in the level of tuition.
Maintaining MomentumTotal Enrollment
01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-1023,000
24,000
25,000
26,000
27,000
28,000
24,791
25,741
26,26026,545 26,439
27,209
26,648 26,91327,171
Maintaining MomentumFirst- to Second-Year Retention
01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-0974
75
76
77
78
79
80
81
82
79.3
77.1
78.478.9
77.8
76.4
81.0
80.3
Maintaining MomentumDegrees Awarded
01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-094,800
5,000
5,200
5,400
5,600
5,800
6,000
4,971 4,970
5,2475,313
5,503
5,637
5,803
5,703
Maintaining MomentumGeneral Education Reform
In May 2009, the University Senate adopted a new General Education curriculum. When implemented, every course in the new General Education Foundation curriculum will:• Be conducted as a small class or, at least, incorporate a
small-group breakout session; and• Have defined outcomes and an embedded “assessable
product.”
AffordabilityRESEARCH UNIVERSITIES
AffordabilityResident Undergraduate Tuition and Fees, FY 2010
Penn State University University of Pittsburgh
University of Illinois-Urbana-ChampaignRutgers University
University of MichiganUniversity of Minnesota
University of VirginiaUniversity of California - Davis
University of Texas - AustinUniversity of California - San Diego
Ohio State UniversityPurdue University - Main CampusUniversity of California - Berkeley
University of WisconsinUniversity of California - Los Angeles
University of KentuckyUniversity of Maryland
University of WashingtonGeorgia Institute of Technology
University of North Carolina - Chapel HillUniversity of Florida
$14,416
$14,154$12,528
$11,886
$11,659$11,293
$9,872$9,358
$8,930$8,792
$8,679$8,638
$8,353$8,310
$8,266$8,123$8,053
$7,692$6,265
$5,625
$4,373
Median: $8,679
*Per the Top 20 Business Plan
Source: 2009-10 Survey of Tuition and Required Fees Summary - University of Virginia
UK and Top 20 Institutions*
AffordabilityNon-Resident Undergraduate Tuition and Fees, FY 2010
University of MichiganUniversity of California - Davis
University of VirginiaUniversity of California - San Diego
University of California - BerkeleyUniversity of California - Los Angeles
University of Texas - AustinUniversity of Illinois-Urbana-Champaign
Penn State UniversityPurdue University - Main Campus
University of WashingtonUniversity of Maryland
Georgia Institute of TechnologyUniversity of Pittsburgh
University of FloridaUniversity of North Carolina - Chapel Hill
University of WisconsinRutgers University
Ohio State UniversityUniversity of Kentucky
University of Minnesota
$34,937 $32,027 $31,872 $31,461 $31,022 $30,935
$30,006 $26,670
$25,946 $25,118
$24,367 $23,990 $23,870 $23,852 $23,744 $23,513 $23,059
$22,518 $22,251
$16,678 $15,293
Median: $23,990UK and Top 20 Institutions*
*Per the Top 20 Business Plan
Source: 2009-10 Survey of Tuition and Required Fees Summary - University of Virginia
Applications, Acceptances, and Enrollment – Week 32First-Time Freshmen
2004 2005 2006 2007 2008 2009 2010500
2,500
4,500
6,500
8,500
10,500
12,500
14,500
10,481 10,407 9,840 9,75410,561
11,592
13,225
8,226 8,071 8,3427,369
8,416 8,6629,203
692 680 702 776 699 753 783
Applications
Acceptances
Enrollments
Applications and Acceptances – Week 32Transfers
2004 2005 2006 2007 2008 2009 2010200
400
600
800
1,000
1,200
1,400
1,6001,427
1,3021,224
913
1,243 1,236
1,430
513
638 609
293
422477
635
Acceptances
Applications
Student Financial AssistanceIn FY 2009-10, 16,207 undergraduate students (84.5%) received some type of financial assistance.
• Federal - Pell Grants ($5,350 maximum FY 2009-10 – increasing to $5,500 maximum in FY 2010-11)
• State• Kentucky Educational Excellence Scholarships (KEES)
($2,500 maximum award)• College Access Program ($1,900 maximum award)
• Institutional Scholarships• Merit and need-based programs• Employee and family education programs
Institutional Scholarships General Funds
01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10$10
$20
$30
$40
$50
$60
$17.3 $19.5
$24.1
$28.2 $29.2
$39.0
$47.9
$50.7 $51.1
Original Budget (in millions)
FY 2010-11 Funding Sources - Operating
State Appropriations (1.42% budget cut) ($4,395,700)
Short-term Investment Income (2,337,500)
Other Income 748,200
Total Source Increment - Operating ($5,985,000)
FY 2010-11 Funding Gap - Operating
Total Fixed Costs Increases
($11,908,600)
Total Revenue Decreases (5,985,000)
Funding Gap – Operating ($17,893,600)
2010-11 Tuition and Mandatory Fees Schedule• January – April: Discussions with CPE President and Staff
• April 21: Campus Forum
• April 23: CPE sets tuition parameters
• April 27: UK Board of Trustees approves tuition/fees
• May 21: CPE reviews UK’s tuition/fees
• June 8: UK Board of Trustees approves 2010-11 Operating and Capital Budget, including program and course fees