Florida Atlantic University 2018-19 Mid-year Operating Budget Report

Florida Atlantic University 2018-19 Operating Budget Mid-year Report March 26, 2019

Florida Atlantic University - as of December 31, 2018 Florida Atlantic University (FAU) is comprised of eight 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. Carryforward (CF): Carryforward funds are unexpended E&G balances from all prior-period appropriations. Universities accumulate these funds for activities such as, but not limited to a contingency for unfunded enrollment growth, potential budget reductions, anticipated increases in university operations and prior year encumbrances. 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 March 26, 2019

Florida Atlantic University - as of December 31, 2018 Comparison of Budget & Actual ($000) 2017-18 Mid-year 2018-19 Mid-year % of Actual to Budget % of Actual to Budget Category and Fund Type REVENUE Educational & General + Carryforward Auxiliary Enterprises Student Financial Aid Student Activities Athletics Contracts & Grants * Concessions TOTAL REVENUE EXPENDITURES Educational & General + Carryforward Auxiliary Enterprises Student Financial Aid Student Activities Athletics Contracts & Grants * Concessions TOTAL EXPENDITURES Budget Actual Remainder Budget Actual Remainder $337,720 134,419 200,846 29,331 62,485 $774,601 $220,507 92,847 108,697 12,309 28,956 $471,158 ($117,213) (41,572) (92,149) (1,476) (17,022) (33,529) ($303,443) 65.3 $343,787 138,999 201,807 31,130 69,962 $795,488 $226,197 93,804 105,960 12,618 33,825 $480,466 ($117,590) (45,195) (95,847) (1,283) (18,512) (36,137) ($315,022) 65.8 - - - - - - - - 69.1 54.1 83.9 42.0 46.3 22.9 60.8 67.5 52.5 86.0 40.5 48.3 26.7 60.4 9,175 7,699 9,178 7,895 625 143 (482) 625 167 (458) $325,455 51,811 148,210 200,859 10,102 29,331 62,485 $828,878 $156,248 8,329 49,158 92,892 15,773 28,730 $355,710 $169,207 43,482 99,052 107,967 13,558 33,755 $473,168 48.0 16.1 33.2 46.2 41.5 53.8 46.0 62.4 42.9 $331,521 52,750 164,681 201,484 10,627 31,130 69,962 $862,780 $166,492 11,825 53,713 93,829 14,872 40,073 $385,591 $165,029 40,925 110,968 107,655 16,258 29,889 $477,189 50.2 22.4 32.6 46.6 40.2 47.8 57.3 83.1 44.7 4,190 5,912 4,267 6,360 625 390 235 625 519 106 + E&G Revenue Budget includes Tuition Authority. E&G Expense Budget excludes Tuition Authority + $553K increase in E&G Revenue Budget due to Performance Funding received after the start of our Fiscal Year (July 1st) * Contracts & Grants fund type includes Foundation, HBOI, Henderson School, Division of Research, and Sponsored Research 3 March 26, 2019

Florida Atlantic University - as of December 31, 2018 Five-year Comparison of Actuals ($000) 2014-15 Actuals 2015-16 Actuals 2016-17 Actuals 2017-18 Actuals 2018-19 Actuals 5-year % Change Category & Fund Type REVENUE Educational & General Carryforward Auxiliary Enterprises Student Financial Aid Student Activities Athletics Contracts & Grants * Concessions TOTAL REVENUE EXPENDITURES Educational & General Carryforward Auxiliary Enterprises Student Financial Aid Student Activities Athletics Contracts & Grants * Concessions TOTAL EXPENDITURES $193,103 76,316 100,240 13,631 21,549 $412,567 $201,536 82,435 97,535 12,851 25,359 $427,215 $214,328 87,591 101,007 11,948 32,917 $455,443 $220,507 92,847 108,697 12,309 28,956 $471,158 $226,197 93,804 105,960 12,618 33,825 $480,466 17.1 - 22.9 5.7 5.4 (7.4) 57.0 (28.6) 16.5 - - - - - 7,494 7,396 7,531 7,699 7,895 234 103 121 143 167 $136,387 6,944 45,871 87,876 11,525 20,697 $314,566 $139,456 5,073 43,368 89,928 13,629 26,436 $322,042 $155,088 6,384 48,068 90,590 13,275 25,483 $341,889 $156,248 8,329 49,158 92,892 15,773 28,730 $355,710 $166,492 11,825 53,713 93,829 14,872 40,073 $385,591 22.1 70.3 17.1 6.8 (13.3) 29.0 93.6 50.1 22.6 4,920 3,840 2,679 4,190 4,267 346 312 322 390 519 * Contracts & Grants fund type includes Foundation, HBOI, Henderson School, Division of Research, and Sponsored Research 4 March 26, 2019