University Operating Budget FY24 Summary and Allocation Details
Explore the detailed budget breakdown for the University Operating Budget FY24, including revenue allocations, budget requests, and variance analysis. Gain insights into the total budgeted revenues, allocation by functions, and comparisons between FY23 and FY24 budgets.
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University Operating Budget FY24 Dr. Allen Bottorff, Vice President and Chief Financial Officer June 7, 2023
Outline FY24 Operating Budget All Sources Revenue Allocation Budget Request Summary by Functions
Operating Budget All Sources Revenue Allocation Revenue Allocations Appropriation - Operating Funds Appropriation - Need -Based Financial Aid Lottery Funds SUS Performance Based Recruit & Retention Funding Incentive for Strategic Emphasis Tuition & Fees Trust Fund Sub-Total State Allocation FY23 43,883,843 50,000 643,651 FY24 52,112,341 50,000 737,324 12,500,000 118,000 2,720,830 68,238,495 $ $ $ 0 0 1,900,000 46,477,494 $ FIPR Student Fee Auxiliaries Carry Forward Other Unrestricted Contracts & Grants (201 and 203) Foundation Support (205) Investment Income Financial Aid PECO/Capital Budget TOTAL BUDGETED REVENUES $ 1,602,586 969,766 5,818,204 $ 1,200,000 1,140,231 9,366,342 TBD TBD 3,364,534 2,510,000 0 1,923,594 25,000 625,829 11,381,000 0 0 11,700,000 TBD TBD 72,442,584 $ 93,900,491 $
Outline FY24 Operating Budget All Sources Revenue Allocation Budget Request Summary by Functions
Operating Budget All Sources Budget Request FY23 FY24 Total Budgeted Request All Sources Total Operating Budget 45,892,902 $ 11,560,000 Total Operating Budget 68,238,495 $ 11,381,000 Variance ($) 22,345,593 $ 1,499,847 Variance (%) Education & General (E&G) FIPR Student Fees Auxiliaries Other Unrestricted Contracts & Grants Financial Aid PECO/Capital Project 48.69% 78.94% 4.28% 21.62% -70.28% -17.13% -1.55% 1,900,000 1,724,978 7,819,152 3,364,534 2,510,000 3,399,846 1,798,816 9,509,850 1,000,000 2,080,162 73,838 1,690,698 (2,364,534) (429,838) (179,000) TBD TBD - - $ 74,771,565 $ 97,408,170 $ 22,636,604 30.27%
Outline FY24 Operating Budget All Sources Revenue Allocation Budget Request Summary by Functions
Operating Budget Summary by Function FY23 Operating Budget FY23 TOTAL BUDGET FY24 Operating Budget FY24 TOTAL BUDGET Cost Center Hierarchy Projects Projects Variance ($) Board of Trustees 1001 Board of Trustees Total of Board of Trustees 114,541 114,541 - - 114,541 114,541 109,363 109,363 - - 109,363 109,363 (5,177) (5,177) The Office of the President 1002 Office of the President 1026 Public Safety & Police 1096 International Relations 1097 President Discretionary 1086 Audit & Compliance 1085 Title IX 1035 University Relations 1037 Government Affairs 1038 Strategic Relationships 1039 Division of Equity & Inclusion Total Office of the President 4,910,614 742,614 1,218,051 114,622 1,150,000 188,060 129,333 1,058,095 124,841 - 5,486,676 742,614 1,228,745 114,622 1,150,000 188,060 129,333 1,623,463 124,841 4,664,527 876,709 1,280,449 137,699 135,000 196,926 136,204 1,574,720 146,381 180,440 15,311,769 15,311,769 - - - 876,709 1,280,449 137,699 15,446,769 1,574,720 19,976,296 134,095 51,704 23,077 14,296,769 8,866 6,871 (48,743) 21,540 180,440 (185,000) 14,489,619 10,694 - - - - - - - - - - 196,926 136,204 565,368 - - - 146,381 180,440 - - 185,000 185,000 - - 576,062
Operating Budget Summary by Function FY23 Operating Budget FY23 TOTAL BUDGET FY24 Operating Budget FY24 TOTAL BUDGET Cost Center Hierarchy Projects Projects Variance ($) Academic Affairs Division Office of the Exec. Vice President & Provost 1003 Office of the Provost Academic Affairs 1,259,440 2000 Faculty Recruitment 1011 Registrar 1004 Engineering Programs 1005 CS & DSBA Programs 1006 Science, Arts & Applied Mathematics2,415,867 1049 Health Informatics 1084 Applied Economic Analysis Sub-Total Office of EVP & Provost 220,000 1,479,440 3,502,194 558,906 4,039,699 3,288,670 2,415,867 208,604 75,000 15,568,381 19,286,770 5,004,301 3,002,100 561,033 4,048,323 3,538,356 3,057,658 - - - - - - - - - 19,286,770 5,004,301 3,002,100 561,033 4,048,323 3,538,356 3,057,658 3,524,861 (500,094) 2,127 8,623 249,686 641,790 (208,604) 3,502,194 550,906 4,039,699 3,288,670 - 8,000 - - - - - 228,000 208,604 75,000 15,340,381 - - 75,000 75,000 (0) 3,718,390 Academic Affairs - Vice Provost 1009 Assessment & Instruction 1008 Graduate Programs 1021 Entrepreneurship 1050 Ombudsman Sub-Total Academic Affairs 822,546 640,705 7,500 4,770 1,475,521 55,000 877,546 640,705 7,500 4,770 1,530,521 808,486 1,051,855 7,500 11,150 1,878,991 - - - - - 808,486 1,051,855 7,500 11,150 1,878,991 (69,060) 411,150 - - - 0 6,380 348,470 55,000 Academic Services - Vice Provost 1012 Academic Support Services 1094 Residential Life 1089 Library 1090 Disabilities 1091 Career 1017 International Students 1018 Student Development Sub-Total Academic Services 705,575 274,529 313,993 246,288 254,348 80,680 378,986 2,254,398 - - - - - - - - 705,575 274,529 313,993 246,288 254,348 80,680 378,986 2,254,398 2,089,519 538,201 - - - - - - - - 2,089,519 538,201 (167,374) (274,529) 15,494 (26,494) (18,818) - - 329,486 219,794 235,530 80,680 685,826 329,486 219,794 235,530 80,680 685,826 0 306,841 (164,880)
Operating Budget Summary by Function FY23 Operating Budget FY23 TOTAL BUDGET FY24 Operating Budget FY24 TOTAL BUDGET Cost Center Hierarchy Projects Projects Variance ($) Enrollment & Student Development 1015 Enrollment Management 1016 Financial Aid Sub-Total of Enrollment & S. Dev. 3,441,262 498,158 3,939,420 - - - 3,441,262 498,158 3,939,420 2,979,687 501,154 3,480,841 - - - 2,979,687 501,154 3,480,841 (461,576) 2,996 (458,579) Research 1022 Grants & Contracts 1061 Research Programs Sub-Total Research 226,514 10,000 236,514 240,471 - - - 240,471 3,957 - - - - - 0 226,514 10,000 236,514 240,471 240,471 3,957 Total Academic Affairs 23,236,235 293,000 23,529,235 26,976,592 - 26,976,592 3,447,357
Operating Budget Summary by Function FY23 Operating Budget FY23 TOTAL BUDGET FY24 Operating Budget FY24 TOTAL BUDGET Cost Center Hierarchy Projects Projects Variance ($) Office of Information Technology 1027 Enterprise Systems 1043 Information Security 1045 Administrative Computing 1046 Software Development 1044 User Services 1041 Technology Services Total Technology Services 2,918,182 3,428,664 510,482 2,183,140 3,584,590 - 510,482 736,000 289,850 198,600 177,000 5,101,322 7,013,254 331,200 783,300 354,950 205,000 212,750 7,225,273 9,112,473 - - - - - - - 331,200 783,300 354,950 205,000 212,750 7,225,273 9,112,473 (179,282) 47,300 65,100 6,400 35,750 2,123,951 2,099,219 - - - - 736,000 289,850 198,600 177,000 Advancement Division 1034 Advancement 1039 Alumni Relations Total Advancement Division 1,209,782 155,451 1,365,233 1,365,233 1,327,758 23,500 1,351,258 - - - 1,327,758 23,500 1,351,258 (37,475) 23,500 (13,975) - - 1,209,782 155,451
Operating Budget Summary by Function FY23 Operating Budget FY23 TOTAL BUDGET FY24 Operating Budget FY24 TOTAL BUDGET Cost Center Hierarchy Projects Projects Variance ($) Administration and Finance 1058 Office of the CFO 1057 Central Administration 1059 Risk Management 1024 Facilities & Safety Services 1036 Utilities 1019 Environmental Health & Safety 1032 Human Resources 1028 Procurement 1048 Central Services Sub-Total Administration 5,799,205 361,539 80,000 245,335 3,596,128 100,000 6,125,205 461,539 80,000 245,335 3,596,128 378,552 1,995,933 328,200 2,695,518 1,294,220 202,359 807,209 450,323 100,000 8,252,315 100,000 478,552 1,995,933 328,200 2,695,518 1,294,220 202,359 807,209 450,323 100,000 8,352,315 17,013 1,915,933 82,865 (900,610) 1,294,220 5,400 (179,177) 37,088 (45,623) 2,227,110 - - - - - - - - - - - - - - - 196,959 760,386 413,235 145,623 196,959 986,386 413,235 145,623 226,000 - - 326,000 100,000 Finance & Accounting 1029 Student Business Services 1030 Budget 1031 Finance & Accounting Sub-Total Finance & Accounting 272,316 257,567 971,813 1,501,697 - - - - 272,316 257,567 971,813 1,501,697 302,017 271,285 984,505 1,557,807 - - - - 302,017 271,285 984,505 1,557,807 29,701 13,718 12,692 56,110 Total Finance and Administration 7,300,902 326,000 7,626,902 9,810,122 100,000 9,910,122 2,283,220 General Counsel Division 1033 VP - General Counsel Total General Counsel Division 657,061 657,061 100,000 100,000 757,061 757,061 702,392 702,392 100,000 100,000 802,392 802,392 45,331 45,331 Total E&G 40,857,799 5,035,103 45,892,902 52,726,726 15,511,769 68,238,495 22,345,593
Operating Budget Summary by Function FY23 Operating Budget FY23 TOTAL BUDGET FY24 Operating Budget FY24 TOTAL BUDGET Cost Center Hierarchy Projects Projects Variance ($) Student Fees Sub-Total Student Fees 1,724,978 - 1,724,978 1,798,816 - 1,798,816 73,838 Auxiliaries Total Auxiliaries 7,819,153 - 7,819,153 9,509,850 - 9,509,850 1,690,698 Other Funds Other Unrestricted Funds Contracts & Grants (201-204) All Foundation Support Financial Aid PECO/Capital Budget 11,560,000 3,364,534 2,510,000 - - - - - 11,560,000 3,364,534 2,510,000 1,000,000 1,985,243 94,919 11,381,000 - - - - - 1,000,000 1,985,243 94,919 11,381,000 (2,364,534) (524,757) 94,919 (179,000) - - - - - - -
