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AUBURN UNIVERSITY FY12 Budget

AUBURN UNIVERSITY FY12 Budget. Presented to the Faculty October 25, 2011. Overview. FY12 Budget Overview State Appropriations Recent Appropriations Budget Reductions Stimulus Funding (SFSF) FY12 Budget Detail Outlook. Auburn University FY12 Total Budget - $969.4M By Fund.

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AUBURN UNIVERSITY FY12 Budget

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  1. AUBURN UNIVERSITYFY12 Budget Presented to the Faculty October 25, 2011

  2. Overview • FY12 Budget Overview • State Appropriations • Recent Appropriations • Budget Reductions • Stimulus Funding (SFSF) • FY12 Budget Detail • Outlook

  3. Auburn University FY12 Total Budget - $969.4MBy Fund

  4. FY12 Total Budget - $969.4MBy Division

  5. Main CampusFY12 Total Budget - $779.7M

  6. Main CampusFY12 Total Unrestricted Budget-$556MBy Revenue Source

  7. Main CampusFY12 Total Unrestricted Budget-$556MBy Expenditures

  8. State appropriations

  9. State Appropriations by Division(amounts in millions)

  10. State Appropriations by Division(amounts in millions)

  11. State Appropriations by DivisionAmounts in Millions

  12. Tuition and State Appropriations to Total Unrestricted Operating Budget – AU Main Campus 60.2% 55.3% 50.8% 46.4% 45.1% 44.1% 43.4 % 35.1% 29.0% 31.3%

  13. Base Budget Reductions-Main Campus

  14. Main Campus Stimulus FundingAmounts in Millions - $33.8M

  15. FY12 Budget Detail

  16. Main Campus Cost Commitments • Scholarships • Salary increases • 3% pool permanent • 2% pool one-time • Merit promotions • Increase in debt payments • Building costs/utilities • Other • Provost/academic needs • Public safety • Library • SACS accreditation (QEP) • Outreach

  17. Main Campus Budget AllocationsTotal - $44.5M • Scholarships -$22M • Salary increases -$9.8M • 3% pool permanent • 2% pool one-time • Merit promotions • Increase in debt-$3.2M payments • Building costs/utilities-$2.2M • Other - $7.3M • Provost/academic needs • Public safety • Library • SACS accreditation (QEP) • Outreach

  18. Main CampusSignificant Funding Sources • Continuing sources • Increase in FY 12 State Appropriations • Continuing tuition increase • Continuing budget savings from fringe rate decrease • One-time • Main Campus Proration fee • Budget reallocations (deferred maintenance, proration reserve)

  19. Main CampusSignificant Funding Sources - $44.5M • Continuing sources • Increase in FY 12 State Appropriations - $4.8M • Continuing tuition increase - $2M • Continuing budget savings from fringe rate decrease - $13.7M • One-time • Main Campus Proration fee - $10.3M • Budget reallocations (deferred maintenance, proration reserve, other) - $13.7M

  20. Summary and Outlook • The FY12 budget was prepared without stimulus dollars, with minimal new tuition dollars, and with salary improvement. • State funding outlook is not optimistic • Net growth in the SETF in FY11 – 1.03% • Impact of rolling reserve • Scholarship changes will take 3-4 years to positively impact tuition revenues

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