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Tuition Policy Advisory Committee (TPAC) Public Forum Agenda October 12, 2011

Tuition Policy Advisory Committee (TPAC) Public Forum Agenda October 12, 2011. I. Welcome and Introductions II. Overview of FY 11-12 Budget and Forecast III. TPAC Process Overview IV. Questions and Answers. A Primer on The University Budget Fiscal Year 2011-12. 2011-2012 Budget Summary

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Tuition Policy Advisory Committee (TPAC) Public Forum Agenda October 12, 2011

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  1. Tuition Policy Advisory Committee (TPAC)Public Forum AgendaOctober 12, 2011 I. Welcome and IntroductionsII. Overview of FY 11-12 Budget and ForecastIII. TPAC Process OverviewIV. Questions and Answers

  2. A Primer on The University BudgetFiscal Year 2011-12

  3. 2011-2012 Budget Summary (Operating Budget) $ Millions Total Budget $2,284 Academic Core $1,218 Academic Enhancement $693 Self Supporting $373

  4. 2011-2012 Total University Sources (Operating Budget) $2,284 Million

  5. The Permanent University Fund (PUF) and Available University Fund (AUF (Leases) PUF Cash Investments PUF Lands (Return on Investment) Available University Fund (AUF) 2/3 UT System 1/3 A&M System System Costs PUF Bonds UT Austin UT Austin receives about 30% of the total AUF income from the PUF UT Austin FY 11/12 $156M (recurring)

  6. 2011-2012 Total University Uses (Operating Budget) $2,284 Million

  7. 2011-2012 Academic Core Sources (Operating Budget) $ Millions Academic Core $1,218 State General Revenue $297 AUF* $156 R $23 NR $25 NR Indirect Cost $73 Tuition $567 Other** $77 • *AUF includes annual payout (varies annually), $22.9M for FY 11-12 as a result of an increase in the payout rate that may not recur to FY 12-13 and $25M non-recurring to fund the following initiatives as designated by UT System: $13M for excellence, $7M for faculty excellence, and $5M for faculty recruitment. **Other includes Budgeted Balances, Intellectual Property Income, Interest, Administrative Fee, etc.

  8. 2011-2012 Academic Enhancement Budget (Operating Budget) $ Millions Academic Enhancement $693 Contracts & Grants* $453 Other $46 Gifts $194 Other includes budgeted balances, Library Resource Sharing Project, and income collected for specific academic purposes (Executive MBA, Field Trips, Orientation, Application, & Library fees, etc.) *Indirect Cost of $73M is included in the Academic Core

  9. 2011-2012 Self Supporting Budget (Operating Budget) $ Millions Self Supporting $373 Other $104 Auxiliary Enterprises $269 Auxiliary Enterprises include: Intercollegiate Athletics: $133M Housing & Food: $75M AT&T Exec. Ed & Conference Ctr. $26M Erwin Center: $18M Parking & Transportation: $17M Other include: Continuing Education, Performing Arts Center, UIL, KUT, McDonald Observatory, Accelerated Schools, Option III programs, Dana Center, LBJ Wildflower Center, etc.

  10. Academic Core Budget Forecast

  11. FY 2011-12 to FY 2015-16Academic Core Projected Budget Sources$Millions

  12. FY 2011-12 to FY 2015-16Academic Core Projected Budget Forecast $ Millions

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