Florida Atlantic University 2017-2018 Operating Budget Report
The Florida Atlantic University 2017-2018 operating budget year-end report highlights the various funding components of the university, including Educational and General, Auxiliary Enterprises, Student Financial Aid, Student Activities, Athletics, Contracts and Grants, and Concessions. It provides a comparison of budget versus actual figures for revenue and expenditures, showcasing how different funds were utilized during the specified period. The report offers insights into the financial management and allocation at Florida Atlantic University as of June 30, 2018.
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Florida Atlantic University 2017-18 Operating Budget Year-end Report November 13, 2018
Florida Atlantic University - as of June 30, 2018 Florida Atlantic University (FAU) is comprised of seven funding components Educational and General (E&G): E&G supports the academic mission of the university through expenditures for instruction, research, library and learning resources, student services, university support, and physical plant, including the Medical School. Auxiliary Enterprises: Auxiliary Enterprises are comprised of business and enterprise operations that are self-supporting through user fees, payments, and charges. Amounts reported also include Technology Fee Funds. Student Financial Aid: Student Financial Aid is comprised of funding from student financial aid fees, support from federal and state financial aid awards, institutional programs, as well as numerous private scholarships. Student Activity: Student Activity is comprised of funding from the activity and service fee paid by students, club and program income. Athletics: Athletics is comprised of funding from student athletic fees, athletic event ticket sales, game guarantees, corporate sponsorships, National Collegiate Athletic Association distributions and private support and gifts. Contracts and Grants: Contracts and Grants are comprised of funding from many sources, including federal, state and local governmental agencies and private organizations, FAU and HBOI Foundation endowment distribution and A. D. Henderson University School. Concession: Concession is comprised of funding from campus vending machines and the soft drink beverage contract. 2 November 13, 2018
Florida Atlantic University - as of June 30, 2018 Comparison of Budget & Actual ($000) 2016-17 Year-end 2017-18 Year- end % of Actual to Budget % of Actual to Budget Category and Fund Type REVENUE Educational & General Auxiliary Enterprises Student Financial Aid Student Activities Athletics Contracts & Grants * Concessions TOTAL REVENUE EXPENDITURES Educational & General Auxiliary Enterprises Student Financial Aid Student Activities Athletics Contracts & Grants * Concessions TOTAL EXPENDITURES * Contracts & Grants fund type includes Foundation, HBOI, Henderson School, Division of Research, and Sponsored Research Budget Actual Remainder Budget Actual Remainder 103.1 86.2 98.2 99.9 96.0 119.8 112.8 100.0 103.2 88.0 103.2 103.7 96.5 115.0 107.5 101.3 $334,975 128,235 198,107 9,150 27,105 60,515 $345,368 110,532 194,559 9,138 26,023 72,497 $10,393 (17,703) (3,548) (1,082) 11,982 $110 $337,720 134,419 200,846 9,175 29,331 62,485 $774,601 $348,692 118,320 207,257 9,514 28,306 71,836 $784,597 $10,972 (16,099) 6,411 (1,025) 9,351 $9,996 (12) 339 625 705 80 625 672 47 $758,712 $758,822 $322,710 142,153 197,954 9,498 27,105 60,515 $760,560 $327,052 107,531 193,590 7,644 26,130 56,996 $719,712 -$4,342 34,622 4,364 1,854 975 3,519 (144) $40,848 101.3 75.6 97.8 80.5 96.4 94.2 123.0 94.6 $325,455 148,210 200,859 10,102 29,331 62,485 $777,067 $337,589 113,715 206,809 8,137 28,306 64,852 $759,983 -$12,134 34,495 (5,950) 1,965 1,025 (2,367) $17,084 103.7 76.7 103.0 80.5 96.5 103.8 92.0 97.8 625 769 625 575 50 3 November 13, 2018
Florida Atlantic University - as of June 30, 2018 Five - year Comparison of Actuals ($000) 2013-14 Actuals 2014-15 Actuals 2015-16 Actuals 2016-17 Actuals 2017-18 Actuals 5-year % Change Category & Fund Type REVENUE Educational & General Auxiliary Enterprises Student Financial Aid Student Activities Athletics Contracts & Grants * Concessions TOTAL REVENUE $298,808 94,776 191,980 25,662 52,818 $673,435 $305,045 109,647 190,921 25,938 55,541 $696,957 $321,001 119,488 193,198 25,406 61,591 $730,456 $345,368 110,532 194,559 26,023 72,497 $758,822 $348,692 118,320 207,257 28,306 71,836 $784,597 16.7 24.8 8.0 6.0 10.3 36.0 60.8 16.5 8,973 8,771 9,122 9,138 9,514 418 1,094 650 705 672 EXPENDITURES Educational & General Auxiliary Enterprises Student Financial Aid Student Activities Athletics Contracts & Grants * Concessions TOTAL EXPENDITURES * Contracts & Grants fund type includes Foundation, HBOI, Henderson School, Division of Research, and Sponsored Research $267,633 103,393 192,044 25,796 54,770 $653,413 $288,137 104,938 190,443 26,208 54,131 $674,784 $294,896 113,515 191,944 25,390 61,053 $695,058 $327,052 107,531 193,590 26,130 56,996 $719,712 $337,589 113,715 206,809 28,306 64,852 $759,983 26.1 10.0 7.7 (13.1) 9.7 18.4 40.9 16.3 9,369 9,907 7,570 7,644 8,137 408 1,020 690 769 575 4 November 13, 2018
