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Budget Process General Revenue

Budget Process General Revenue. External Legislature Appropriates Sets Enrollment Growth Internal President Issues instructions/guidelines Institutional priorities/goals. Budget Process General Revenue (cont’d.). Divisions Prepare and submit requests

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Budget Process General Revenue

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  1. Budget ProcessGeneral Revenue External Legislature • Appropriates • Sets Enrollment Growth Internal President • Issues instructions/guidelines • Institutional priorities/goals

  2. Budget ProcessGeneral Revenue (cont’d.) Divisions • Prepare and submit requests • In priority order & linked to related goal President • Reviews requests with VPs/Budget Director • Decision communication to VPs Budget Office • Records approved budget

  3. Budget ProcessAuxiliaries • Instructions/guidelines distributed to units • Budget requests prepared (incl. est’d. revenue) • Auxiliary Oversight Committee Reviews Conducts hearings Makes recommendations to President • President reviews and makes decision • Budget Office records approved budget

  4. Budget ProcessDirect Support Organizations • Two 501(c)(3) corporations: UNF Foundation, Inc. UNF Training & Service Institute, Inc. • Budget process follows organizational structure • President submits to respective boards for approval

  5. 2001-02 BudgetRevenue Sources State $71,994,744 Federal Government $16,995,931 Student Fees $28,999.078 Sales of Goods & Services $18,413,727 Private $18,141,966 Total All Revenue Sources $154,545,446

  6. 2001-02 BudgetRevenue Sources (cont’d.) State $71,994,744 General Revenue 59,283,229 Lottery 3,504,412 Financial Aid 7,096,103 Federal Government $16,995,931 Sponsored Research 6,909,000 Financial Aid 10,086,931

  7. 2001-02 BudgetRevenue Sources (cont’d.) Student Fees $28,999.078 Matriculation & Tuition 20,497,658 Athletics 3,121,951 Student Government 2,393,560 Student Health/Misc. Activities 1,885,909 Financial Aid 1,100,000

  8. 2001-02 BudgetRevenue Sources (cont’d.) Sales of Goods & Services $18,413,727 Auxiliary Services 18,012,206 Concessions 106,000 Child Development. Res. Ctr. 295,521

  9. 2001-02 BudgetRevenue Sources (cont’d.) Private $18,141,966 Financial Aid 16,559,716 Sponsored Research 331,130 UNF Foundation 1,102,962 UNF Training & Service Inst. 148,158 Total All Revenue Sources $154,545,446

  10. 2001-02 BudgetResource Allocation Instruction & Research $51,307,470 Public Service $ 1,267,149 Academic Support $15,932,082 Student Services $49,047,583 Institutional Support $35,579,686 Plant Operation & Maint.$ 9,519,391 Total All Allocations $154,545,446

  11. 2001-02 BudgetResource Allocation (cont’d.) Instruction & Research $51,307,470 General Revenue 41,362,470 Sponsored Research 9,945,000 Public Service $ 1,267,149 Academic Support $15,932,082 General Revenue 14,330,236 Library 1,601,846

  12. 2001-02 BudgetResource Allocation (cont’d.) Student Services $49,047,583 General Revenue 5,850,642 Financial Aid 35,500,000 Student Government 2,393,560 Child Development Res. Ctr. 295,521 Student Health/Misc. Activities 1,885,909 Athletics 3,121,951

  13. 2001-02 BudgetResource Allocation (cont’d.) Institutional Support $35,579,686 General Revenue 18,003,072 Concession 106,000 Auxiliary Services 17,470,614 Plant Operation & Maint.$9,519,391 Total All Allocations $154,545,446

  14. Budgetary Controls • State funds released quarterly • Budget Officer monitoring • Funds reserved (encumbered) to cover purchase orders & projected salary expenditures

  15. Budgetary Controls (cont’d.) • Student enrollment monitored • State Comptroller “pre-audits” expenditures (in excess of $1,000) for compliance

  16. Reserves • Reserves established to cover contingencies/ emergencies: From General Revenue for: • Potential call back of State appropriation • Potential student enrollment shortfall • Utility cost increases • Leave Liability

  17. Reserves (cont’d.) From Auxiliaries for: • Contractual requirements • Leave Liability • Potential revenue shortfall • Repair & replacement

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