Tuition Policy Advisory Committee Meeting September 2, 2003. Committee Meeting #1. Today’s Agenda. President’s Welcome Procedural Issues Background Information recent history university finances… next year’s budget tuition & fees. Welcome and Thank You for Agreeing to Serve!.
Committee Meeting #1
next year’s budget
tuition & fees
FY03/04 Total University Budget $1.44B
Educational & General Component
Total University Budget
$1.44B + 4.7% or $63M
$129.1M – 1.0%
$292.2M + 12.6%
$176.6M + 2.2%
University FinancesHow does State General Revenue fit into the Picture?
Why isn’t it enough?
PUF Lands==> 02’ Market Value $6.7B
<== return on investment
Available University Fund
2/3 UT System
1/3 A&M System
UT Austin receives about 30% of the
total distributed income from the PUF
Facility Aging Drives Repair & Renovation (R&R) RequirementsThere is a significant bubble of R&R requirements in the near future.
A substantial portion of the University’s Plant, those projects built in the 50’s through 80’s, is approaching 30-60 years old and will require substantial repair and renovation.
Appropriation & Tuition and Fees Collected per FTE 1999/00 can’t this wait?
UT vs. Peer Institutions
Competitive Position – Tuition & Mandatory Fees can’t this wait?
UT vs. Other Institutions
Source: Morgan Stanley, based on information from the College Board and the Chronicle of Higher Education..