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AUBURN UNIVERSITY FY13 Budget

AUBURN UNIVERSITY FY13 Budget. Presented to the General Faculty Meeting October 9, 2012. Overview. FY13 Budget Overview Outlook - challenges. 2. Total FY13 B udget by Division $ 1.017B. 3. Auburn University FY13 Total Budget - $1.017B. 4.

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AUBURN UNIVERSITY FY13 Budget

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  1. AUBURN UNIVERSITYFY13 Budget Presented to the General Faculty Meeting October 9, 2012

  2. Overview • FY13 Budget Overview • Outlook - challenges 2

  3. Total FY13 Budget by Division $ 1.017B 3

  4. Auburn UniversityFY13 Total Budget - $1.017B 4

  5. Auburn University-Main CampusFY13 Total Budget - $818M 5

  6. Main CampusFY13 Total Proposed Unrestricted Budget-$582MBy Revenue Source 6

  7. Main CampusFY13 Total Unrestricted Budget-$582MBy Revenue Source 7

  8. Main CampusFY13 Total Proposed Unrestricted Budget-Excluding Scholarships and Direct Fee Allocations 8

  9. AU Main Campus Budget by Type of Expense - $582MAmounts in Millions 9

  10. AU Main Campus Budget by Type of Expense Excluding Scholarships-$483MAmounts in Millions Transfers Debt $28M Stud fac/serv 19M Facilities/DM 6M Research 2M Proration Res 1M Pres Priorities 1M Other 2M 10

  11. Outlook - Challenges • State appropriations • Other revenues • Cost pressures 11

  12. State Appropriations by Division(amounts in millions) One-time proration of $64M in addition to permanent funding reductions 12

  13. State Appropriations by DivisionAmounts in Millions 13

  14. Other revenues • Investment returns – very limited • Gifts – typically restricted • Competition for grants and contracts and limits to full recovery of costs • Tuition – affordability issues & federal scrutiny • Some success in increasing net tuition revenues with scholarship program changes • Cost pressures • Benefit cost increases – TRS, health insurance • Deferred maintenance & new facility needs • Salary and wage improvement 14

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