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FY2012-13 Budget Documents

FY2012-13 Budget Documents . Executive Summary Approval of Tuition & Fees Schedule Recurring Reduction Implementation Plan Narratives Revenue Summary Expenditure Summaries Capital Budget. FY13 Estimated Cost of Attendance. Maximum Tuition and Fees Parameter 5% Set by CPE

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FY2012-13 Budget Documents

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  1. FY2012-13 Budget Documents • Executive Summary • Approval of Tuition & Fees Schedule • Recurring Reduction Implementation Plan • Narratives • Revenue Summary • Expenditure Summaries • Capital Budget

  2. FY13 Estimated Cost of Attendance Maximum Tuition and Fees Parameter 5% Set by CPE CPE Approves Tuition and Fees June 21

  3. 2012-13 Operating Budget

  4. From Every Revenue Dollar Received • Only 18 cents comes from State Appropriations • 44 cents comes from Tuition and Fees

  5. Changes in State Appropriation FY 2012 State Appropriation Reduction in State Appropriation FY 2013 State Appropriation • Budget Reduction Plan by Division

  6. How to Balance the Budget? Expenditures Revenues

  7. Unavoidable Cost andCommitment Allocations

  8. Fixed Cost Increases

  9. Strategic Commitments

  10. Unrestricted E&G Budgeted Expenditures By Major Classification “By the Dollar” 58¢ Personnel 24¢ Operating 10¢ Student Aid 4¢ Debt Service 3¢ Utilities 1¢ Capital Outlay

  11. Unrestricted E&G Budgeted Expenditures By Organizational Area “By the Dollar” 60¢ Academic Affairs 11¢ Campus Serv. & Facilities 8¢ Other 7¢ Athletics 5¢ Information Technology 3¢ Student Affairs 2¢ Research 2¢ Finance & Administration 1¢ Public Affairs 1¢ Development & Alumni Relations

  12. Capital Budget • General Assembly did not authorize state or agency bonds for FY12-14 biennium. • WKU funds authorization received for capital projects subject to availability of funds. • Annual capital leases approximately $1.4M. Capital Summary

  13. “Education is the most powerful weapon which you can use to change the world” --Nelson Mandela

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