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Tuition Policy Advisory Committee

Tuition Policy Advisory Committee. September 16, 2004. Sources of Funds. Educational and General – State appropriated and Available University Funds (AUF) Designated Funds Sponsored Research Grants and Contracts Auxiliary Enterprise Funds Gift Funds. Educational and General Funds (E & G).

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Tuition Policy Advisory Committee

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  1. Tuition Policy Advisory Committee September 16, 2004

  2. Sources of Funds • Educational and General – State appropriated and Available University Funds (AUF) • Designated Funds • Sponsored Research Grants and Contracts • Auxiliary Enterprise Funds • Gift Funds

  3. Educational and General Funds (E & G) • 14-accounts – State Appropriated Funds • 20-accounts – Available University Funds (AUF) Sources of 14-accounts • General revenue appropriations provide by the Legislature • Tuition: statutory and graduate differential • Indirect cost income from sponsored projects • Laboratory and supplemental fees and library fines Sources of 20-accounts • AUF derived from income from Permanent University Fund Uses of E & G Funds • Instruction • Research • Administration • Scholarships

  4. Designated Funds Sources of Designated Funds Academic: 19-accounts • Base Designated Tuition – ($46/SCH) established by the Legislature • Academic Sustainability Tuition – designated tuition established by the Board of Regents • Mandatory Student Incidental Fees • College and Course Incidental Fees Other: • Continuing Education, Conferences, Camps Use of Designated Funds Academic: • Programs and activities relevant to the educational mission of the University Other: • Public service activities relevant to the mission of the University

  5. Sponsored Research Grants and Contracts Source of Sponsored Funds 26-accounts Funds provided by external agencies and sponsors for specific research and educational programs Use of Sponsored Funds Funds can only be used for the purpose specified in the award

  6. Auxiliary Enterprise Funds 29-accounts Sources of Auxiliary Funds • Auxiliary Enterprise Units generate income by providing goods and services to the campus community and the general public Uses of Auxiliary Funds • Managed as self-supporting units and all expenditures support the auxiliary function Examples of Auxiliary Enterprise Units • Parking & Transportation • Housing and Food • Athletics (includes Frank Erwin Center) • Recreational Sports • Texas Union

  7. Gift and Endowment Funds Source of Gift Funds 30-accounts Cash received from external donors usually for a specific purpose Source of Endowments Annual interest earnings on the investment of the principle Use of Gift/Endowment Funds Funds are controlled by the terms and conditions of the gift/endowment Note: In addition, substantial, non-monetary gifts are often received (real estate, art work, stocks & bonds, core samples, etc.)

  8. 2004-05 University Budget

  9. University FinancesFiscal Year 2004 - 05 Total University Budget = 1.567 B

  10. Educational and General Funds 2004 – 05 Fund Sources

  11. Designated Funds2004 – 05 Fund Sources

  12. Academic Funding2004 – 05 Personnel Detail Personnel Expenditures = 66.5% of Total Academic Budget

  13. Academic Budget Over 30 Years

  14. Budget Revenue SummaryFiscal Year 2004 - 2005

  15. Budget Expenditure SummaryFiscal Year 2004 - 2005

  16. Tuition and Fee Sources • Statutory Tuition – rate established by the Legislature, scheduled to increase annually by $2/SCH until 2005-06; rate is $48/SCH for 2004-05 academic year • Base Designated Tuition – authorized by the Legislature, with rate set by the Board of Regents; UT Austin rate is fixed at $46/SCH • Differential Tuition - authorized by the Legislature, with rate set by the Board of Regents for graduate programs, and Law and Pharmacy first-professional programs • Academic Sustainability Tuition – flat rate, designated tuition set by the Board of Regents for full time students; for 2004-05: resident $720, non-resident returning $800, first-time enrolled non-resident $1200 • Mandatory Incidental Fees – authorized by the Board of Regents; University wide, required fees assessed on SCH or headcount basis • College & Course Specific Incidental Fees – authorized by the Board of Regents, assessed on SCH or headcount basis

  17. Mandatory & Incidental Student Fees 2004 – 05 Expenditures

  18. Academic Sustainability Tuition 2003– 04 vs 2004 – 05 Expenditures

  19. Academic Sustainability TuitionFall 2004 / Spring 2005

  20. Financial Aid Grant Award for Academic Sustainability Resident Undergraduate Tuition

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