texas a&m university-corpus christi the tamucc budget where does the $ come from and how do we...
TRANSCRIPT
Texas A&M University-Corpus Christi
The TAMUCC BudgetWhere does the $ come from and how do we spend it?
The Budget ProcessHow is the budget put together?
Timeline SetInitiatives & Priorities DeterminedFunding amounts available calculatedFixed Expenditures calculated
Personnel, Benefits, Utilities, DebtTelephone, Copiers, postageWages-Increases in minimum wage
Available applied to new initiatives & prioritiesBudget is balanced, reviewed by AdministrationPresented for approval by the TAMU Board of Regents
Goals & Initiatives for TAMUCCMomentum 2015
IMPERATIVE I: Build and Sustain Academic Excellence and Competitive Programs
IMPERATIVE II: Enhance a Culture of Discovery and Innovation IMPERATIVE III: Instill Global Perspectives into the Academic Life of
the University IMPERATIVE IV: Establish Targeted Areas of State, Regional and
National Recognition and Distinction IMPERATIVE V: Achieve Doctoral Comprehensive Status and Aspire
to Emerging Research Designation IMPERATIVE VI: Recruit, Retain and Graduate a Diverse and Highly
Qualified Student Body IMPERATIVE VII: Recruit, Mentor and Retain a Diverse, Highly
Qualified Faculty and Staff IMPERATIVE VIII: Design and Cultivate Initiatives to Increase
Lifelong Alumni Involvement IMPERATIVE IX: Live, Learn and Work Together to Promote a
Vibrant Coastal Bend Community IMPERATIVE X: Extend the Reach of the Island University IMPERATIVE XI: Preserve and Foster an Inviting Island Environment
IMPERATIVE XII: Establish a Culture of Assessment, Investment and
Stewardship
Where does the Money come from?
State AppropriationsTuition & FeesGrants & Contracts
Tuition & Fees
TuitionBased on student academic and residential status
Undergrad vs. GradResident vs. Non-resident
FeesCourse-basedUse fees
Some of the pots that we need to fill…
InstructionSupport Services
AccountingPayrollPurchasingCampus Police & SafetyPhysical Plant-Maintenance
Student ServiceStudent AffairsAdmissions & RecordsFinancial AidAcademic AdvisingCounseling
AthleticsAuxiliary Services
Food ServicesBookstoreCopy/Print Shop
Sources & Uses of Funds
Operating Fund Sources by Major Category
Student & Parent $33,989,456
27%
Federal Government $16,637,525
13%
State of Texas-Appropriations
$59,956,2347%
Institutional Resources $16,855,264
13%
Source: FY 2007 Annual Financial Report
Total Operating Sources
$127,438,476
More DetailWhere does the Money Come From?
Operating Sources
Endowment & Interest $1,786,150
1%
Federal Grants & Contracts
$16,637,52513%
Other Income$643,570
1%
Private Gifts & Grants $6,204,050
5%
Local Government Grants & Contracts
$1,584,1631%
State Appropriations $49,501,190
39%
Research Development
$728,7511%
Higher Education Assistance Funds
$5,519,3294%
State Grants & Contracts$4,206,961
3%
Net Auxiliary Enterprises$4,001,444
3%
Sales & Service $2,635,887
2%
Tuition & Fees $33,989,456
27%
Source: FY 2007 AFR
Total Operating Sources:
$127,438,476
How is the Money Spent?Operating Uses
Instruction$34,652,122
30%
Other Expenses$3,393,562
3%
Capital Outlay$2,575,699
2%
Auxiliary Enterprise $10,303,320
9%
Public Service$2,969,151
3%
Research$11,563,452
10%
Scholarships & Fellowships$8,434,475
8%
Institutional Support $8,937,036
8%
Operations & Maintenance of Plant
$7,762,6447%
Student Services $7,446,389
7%
Academic Support $14,026,582
13%
Source: FY 2007 AFR
Total Operating Expenditures
$112,064,432
FeesHow are they collected and Used?
By courseUsed for materials, services for that course
By student-Use FeesUsed to provide services denoted
Computer
Rec. Sports
Orientation
What does it Cost to Provide Student Orientation?
Estimated Revenues $95,000
Expenditures Planned
Salaries $34,538
Benefits $11,000
Operations & Maintenance $42,662
Total Exp. Budget $88,200
Source: FY 2008 Budget
What does it cost to provide Student Services?
Funds Available:
Student Service Fees $ 3,044,742
Total Available for Budgeting $ 3,044,742
Expenses:
Salaries $ 1,295,772
Wages $ 178,061
Benefits $ 374,737
Travel $ 39,368
Operations & Maintenance $ 549,919
Wellness Center $ 606,885
Total Expenditure Budgets $ 3,044,742
What does it cost to light, heat, cool, … motorize the university?
Utilities Budget
FY 2008 Budget $4,000,000
Days/Year 365
Cost per Day $10,958.90
How much does TAMUCC earmark for Scholarships?
Scholarship Fund Source FY 2007 FY 2008 Incr/DecrIncr/Decr
University Endowment $129,800 $163,800 $34,000
Foundation Endowment $263,000 $289,500 $26,500
Annual Gifts $362,651 $491,545 $128,894
Designated Tuition $1,184,520 $1,215,770 $31,250
Designated Tuition Set Aside $861,318 $1,216,518 $355,200
University Fee Income $0 $31,750 $31,750
University Transfers $0 $100,000 $100,000
Total Scholarships & Awards $2,801,289 $3,508,883 $707,594
The Athletics Program
Funds Available:
Athletics Fees $2,651,000
Sports Revenues $ 610,500
Other Athletics Revenues-Includes Transfers
$1,819,113
Total Available for Budgeting $5,080,613
Expenses:
Salaries $1,545,810
Wages $ 11,000
Benefits $ 417,768
Travel $ 558,941
Operations & Maintenance $ 890,384
Scholarships $1,656,710
Total $5,080,613
How do we build new facilities?
Financing from TAMUS Treasury
BondsFund Source for payments
FeesTuitionHigher Education Assistance FundGifts
Future Plans
Building new programs-degrees, student activity programsMeeting our goals & initiativesBeing fiscally responsible