University Budget Overview for 2016-2017 Fiscal Year
The University Budget for the 2016-2017 fiscal year encompasses various allocations including state support, tuition and fees, restricted funds, and more. Specific details are provided regarding total budget amounts, operating budgets for state universities, new E&G appropriations, and undergraduate tuition and fees.
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Presentation Transcript
Fall Deans & Department Chair Meeting MICHAEL WILLIAMS ASSOCIATE VICE PRESIDENT FOR FINANCE & ADMINISTRATION OCTOBER 21, 2016
2016-2017 University Budget 2
2016-2017 Total Budget Summary University Budget Amount $501,507,195 209,778,182 323,197,186 211,136,839 82,576,041 22,910,000 178,763,417 85,932,287 $1,615,801,147 Percent 31.04% 12.98% 20.00% 13.07% 5.11% 1.42% 11.06% 5.32% 100.00% Education & General - State Support Education & General - Tuition and Fees Restricted Funds Auxiliary Funds Designated Funds Debt Service Capital Projects Component Units Total Budget 3
2016-2017 State University System Operating Budget Estimated Total Operating Budget (in billions) Percentage of SUS Budget 30.57% 16.81% 14.37% 11.76% 9.41% 6.62% 2.79% 2.53% 2.44% 1.92% 0.44% 0.35% 100.00% University Budget University of Florida University of South Florida University of Central Florida Florida State University Florida International University Florida Atlantic University Florida Agricultural & Mechanical University University of West Florida University of North Florida Florida Gulf Coast University Florida Polytechnic University New College Total $3.51 1.93 1.65 1.35 1.08 0.76 0.32 0.29 0.28 0.22 0.05 0.04 $11.48 4
2016-2017 New E&G Appropriations University Budget Description Amount $13,450,000 10,628,695 Preeminence Funding Performance Based Funding Tuition Adjustments (Potential Enrollment Growth and Waiver Adjustments) Innovation & Engineering Pipeline-Facility Renovations High Risk Delinquent/Dependent Youth Education Research College of Law Scholarships/Faculty College of Medicine Mental Health Early Screening Other Total New E&G Appropriations 2,331,853 2,000,000 1,569,000 1,000,000 1,000,000 1,510,770 $33,490,318 5
2016-2017 Undergraduate Tuition & Fees Resident Resident Non Non- -Resident Resident Tuition: Tuition: Tuition Student Financial Aid Fee Capital Improvement Trust Fund Fee Out-of-State Fee Student Financial Aid Subtotal Subtotal $ 105.07 $ 105.07 5.25 4.76 5.25 4.76 University Budget - - 481.48 24.07 $ 115.08 $ 115.08 $ 620.63 $ 620.63 Fees: Fees: Athletic Fee Activity and Service Fee Health Fee Transportation Fee Tuition Differential Fee Student Affairs Facility Use Fee Technology Fee Subtotal Subtotal $ 7.90 $ 7.90 12.86 13.97 8.90 49.59 2.00 5.25 12.86 13.97 8.90 49.59 2.00 5.25 $ 100.47 $ 100.47 $ 100.47 $ 100.47 Total per Credit Hour Total per Credit Hour $ 215.55 $ 215.55 $ 721.10 $ 721.10 Student Affairs Facility Use Fee per semester Student Affairs Facility Use Fee per semester $ 20.00 $ 20.00 $ 20.00 $ 20.00 Academic Year (30 Hours) Academic Year (30 Hours) $ 6,506.50 $ 6,506.50 $ 5,018.80 $ 5,018.80 $ 21,673.00 $ 21,673.00 $ 20,185.30 $ 20,185.30 Academic Year (30 Hours Less Tuition Differential) 6
2016 2016- -2017 Construction Budget 2017 Construction Budget Project Project Doak Campbell Stadium Housing Residence Halls - Phase II Earth, Ocean and Atmospheric Science Building Doak Campbell Stadium Scoreboard FSU Childcare Center Replacement Tucker Center Locker Rooms All Others Total Total Planned Planned Expenditures Expenditures $42,547,869 39,200,313 17,000,000 14,980,363 5,518,938 4,501,056 55,014,878 $178,763,417 $178,763,417 7
2016-2017 Fixed Capital Outlay Budget Request 8
5 Year PECO 5 Year PECO- -Eligible Project Request Summary Eligible Project Request Summary Economic Impact Output Priority Project Title Total Project Total Jobs Income Requested $95,000,000 $95,000,000 29,000,000 41,000,000 44,000,000 42,500,000 28,500,000 5,034,335 46,400,000 8,850,000 33,800,000 15,000,000 43,200,000 56,500,000 69,400,000 20,000,000 35,000,000 $613,184,335 $748,034,335 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Utilities / Infrast. / Capital Renewal / Roofs EOAS Building (Phase I) IRCB College of Business Building STEM Teaching Lab Building Veterans Legacy Complex FAMU-FSU College of Engineering III FSU/TMH Medical Education Building Winchester Building Remodeling Library System Improvements (Phase I) Land Acquisition Academic Support Building Dittmer Building Remodeling Physics Building Kellogg Research Building Remodeling Biology Unit I Building Remodeling Total $210,647,087 $138,651,292 $168,723,833 $175,075,789 $84,361,917 $66,497,041 $9,993,085 $92,103,364 $19,623,438 $74,946,016 $35,415,231 $85,751,407 $116,599,750 $127,292,556 $45,009,910 $69,474,519 $1,520,166,235 1,500 $65,541,989 854 38,385,948 1,040 46,699,436 1,079 48,457,533 520 23,349,719 410 18,405,072 62 568 25,492,398 140 534 23,319,150 280 529 23,734,303 830 36,363,077 787 35,452,211 328 14,683,606 428 19,229,179 9,889 $436,706,363 69,850,000 86,000,000 88,000,000 42,500,000 33,500,000 5,034,335 46,400,000 8,850,000 33,800,000 15,000,000 43,200,000 56,500,000 69,400,000 20,000,000 35,000,000 2,765,890 6,105,754 8,721,098 9
2016-2017 Major Initiatives 10
2016-2017 Major Initiatives New Procurement System (SciQuest) New Travel Management Services and System (World Travel Services and Concur New Food Service Provider Agreement (Currently Aramark) New Banking Services Agreement (Currently Bank of America) Panama City Branch Campus Housing Project (Public Private Partnership) 11
Michael Williams Associate Vice President (850) 644-7351 mswilliams@fsu.edu Sandy Scanlan Controller (850) 644-9474 sscanlan@fsu.edu Contacts Michael Lake Budget Director (850) 644-2478 mlake@fsu.edu Ian Robbins Procurement Director (850) 644-9719 irobbins@fsu.edu Charles Friedrich Business Services Director (850) 644-2000 friedrich@fsu.edu 12
