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Tennessee Higher Education Commission's Operating Budgets for 2015-16 with FY17 Appropriation Overview

This report provides an overview of the revised operating budgets for Tennessee Higher Education Commission in 2015-16, along with recommendations for the FY17 appropriation. It includes details regarding funding for outcomes formula units and TCATs, financial aid, and capital projects.

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Tennessee Higher Education Commission's Operating Budgets for 2015-16 with FY17 Appropriation Overview

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  1. 2015-16Revised Operating Budgets Tennessee Higher Education Commission January 27, 2016

  2. FY17 Appropriation Overview THEC Recommendation • $40.9M to fund outcomes formula units and TCATs: • coupled with 0% - 3% tuition rec • 4.7% increase over 2015-16 • improve affordability for students • $28.6M for TSAA financial aid. • $800K outcome improvement fund. • $15.7M for non-formula units.

  3. FY17 Capital Overview THEC Recommendation • $10M Drive to 55 Program Capacity Fund • $369.4M for 8 projects • 4 TBR Projects ($144.0M) • 4 UT Projects ($225.4M) • Each system project has a matching component: • Match began in 2012-13; • 5-25% match depending on sector; • Private gifts, grants and other resources.

  4. Longitudinal Finance Trends

  5. Total Revenue per FTE – Universities Inflation Adjusted – 2014 Dollars

  6. Total Revenue per FTE – Universities Inflation Adjusted – 2014 Dollars

  7. Total Revenue per FTE – Universities Inflation Adjusted – 2014 Dollars

  8. Total Revenue per FTE – Universities Inflation Adjusted – 2014 Dollars

  9. Total Revenue per Award – Universities Inflation Adjusted – 2014 Dollars

  10. Revised Operating Budgets

  11. Review of 2015-16 Revised Operating Budgets • $43M increase in appropriations to academic formula units. • This is a 5.2% increase in funding from 2014-15 to 2015-16. • $67.7M increase in total operating across all units (formula and non-formula). • Total appropriations from 2014-15 to 2015-16 were up 5.6%. • Last year’s increase was 0.44%.

  12. University Revenue

  13. Community College Revenue

  14. University Expenditures

  15. Community College Expenditures

  16. Tuition & Fees

  17. Tuition and Fees History

  18. 2016-17 Tuition Recommendation • Undergraduate maintenance fee only. • 0% - 3% (across all sectors) • Accompanies the $40.9M increase in operating funds recommended by THEC. • Systems will begin discussions concerning 2016-17 tuition and fee levels this Spring.

  19. 2015-16Revised Operating Budgets Tennessee Higher Education Commission January 27, 2016

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