New Jersey Institute of Technology
FY2012 Proposed Operating Budget
Submitted to Board of Trustees
Draft as of
As of 7/12/2011
New Jersey Institute of Technology
FY2012 Budget Overview
 Elimination of $1.5 million in FY11 one-time ARRA (Federal Stimulus) funds
 Base appropriation of $37.7 million as recommended by Governor
 Projected 2% enrollment increase resulting in $1.9 million of additional tuition &
fee revenue
 $5.6 million in additional tuition and fee revenue generated from 4.5%
undergraduate in-state academic year tuition and required fee increase
 $721K increase in student awards, consistent with Strategic Plan objectives
 FY11 salary program annualization totaling $3.4 million
 No FY12 salary program currently built in
New Jersey Institute of Technology
FY2012 Budget Overview (cont.)
 7 faculty have completed all the Faculty Separation Incentive Program
(FSIP) requirements
 $1.875 million allocated to faculty recruitment consistent with the Strategic
Plan
 $13.6 million in various campus-wide facility projects in the capital budget
 Provides $1.1 million in additional debt service to fund $8.4 million capital
investment projects supporting information technology infrastructure and
laboratory equipment
 3.8% average room and board increase
 5% continued steady growth in restricted grants and contracts
New Jersey Institute of Technology
FY2012 Revenue Operating Budget
($000's)
FY2010
Year-End
Commitments
FY2011
Projected
Commitments
96,636
14,255
1,944
112,835
102,401
15,214
1,908
119,523
108,586
16,098
2,482
127,166
6,185
884
574
7,643
6.0%
5.8%
30.1%
6.4%
42,481
25,432
67,913
39,191
27,656
66,847
37,696
29,000
66,696
(1,495)
1,344
(151)
-3.8%
OTHER SOURCES:
OTHER FEES & ASSESSMENTS
INVESTMENTS & UNRESTRICTED GIVING
AUXILIARIES
NON-RECURRING CARRYFORWARD SAVINGS
ALLOCATED BALANCES - PO's
UNRESTRICTED RESEARCH ACTIVITIES
SUBTOTAL OTHER SOURCES
TOTAL REVENUE - CURRENT OPERATIONS
3,294
1,480
13,115
368
2,007
10,835
31,099
211,847
3,608
1,819
15,286
3,575
2,320
10,552
37,160
223,530
3,343
1,250
15,519
2,415
2,770
10,902
36,199
230,061
(265)
(569)
233
(1,160)
450
350
(961)
6,531
-7.3%
-31.3%
1.5%
-32.4%
19.4%
3.3%
-2.6%
2.9%
RESTRICTED PROGRAMS (NET OF OPERATIONS)
TOTAL OPERATING INCOME
79,374
291,221
89,036
312,566
93,488
323,549
4,452
10,983
INCOME DETAIL - UNRESTRICTED OPERATIONS
REGULAR TUITION
REGULAR FEES
OTHER TUITION
SUBTOTAL REGULAR TUITION
STATE APPROPRIATIONS:
STATE APPROPRIATION
SALARY PROGRAM
STATE SUPPORTED FRINGES
TOTAL STATE APPROPRIATIONS
FY2012
Proposed
Budget
FY2012 $r
From FY11
Commitments
FY2012 %r
From FY11
Commitments
4.9%
-0.2%
5.0%
3.5%
New Jersey Institute of Technology
FY2012 Expense Operating Budget
($000's)
ACADEMIC & PROGRAM AREA SALARIES
ACADEMIC & PROGRAM AREA FRINGE BENEFITS
TOTAL ACADEMIC AREA
SUPPORT AREA SALARIES
SUPPORT AREA FRINGE BENEFITS
TOTAL SUPPORT AREA
TOTAL PERSONNEL
NON-PERSONNEL
RESTRICTED USE BUDGETS:
UTILITIES
INSURANCE
LIBRARY COLLECTIONS
STUDENT AWARDS
REST. TRANS.,DEBT SVC. & OTHER
COST REC. & CHG. BACKS
SUBTOTAL RESTRICTED USE BUDGETS
GENERAL OPERATING BUDGETS:
EQUIPMENT
MATERIALS/SUPPLIES
TRAVEL/CONFERENCES
PROFESSIONAL SERVICES
FACILITY MAINTENANCE, REPAIRS, RENTALS & LEASES
COMPUTER HARDWARE, SOFTWARE, AND MAINTENANCE
GENERAL ADVERTISING
OTHER OPERATING EXPENSES
SUBTOTAL GENERAL OPERATING EXPENSES
UNIVERSITY RESERVE
NON-RECURRING CARRYFORWARD SAVINGS
YEAR END ENCUMBRANCES
TOTAL NON-PERSONNEL
TOTAL OPERATING EXPENSES
RESTRICTED PROGRAMS (NET OF OPERATIONS)
TOTAL OPERATING EXPENSES
FY2010
Year-End
Commitments
78,813
22,304
101,117
23,019
5,879
28,898
130,015
FY2011
Projected
Commitments
81,350
25,122
106,472
23,630
6,376
30,006
136,478
FY2012
Proposed
Budget
84,750
26,062
110,812
24,637
6,593
31,230
142,042
FY2012 $r
From FY11
Commitments
3,400
940
4,340
1,007
217
1,224
5,564
FY2012 % r
From FY11
Commitments
4.2%
3.7%
4.1%
4.3%
3.4%
4.1%
4.1%
8,512
1,715
974
20,038
26,100
(544)
8,492
1,877
1,001
19,858
31,693
(381)
9,305
2,345
1,084
20,953
26,952
(701)
813
468
83
1,095
(4,741)
(320)
9.6%
24.9%
8.3%
5.5%
-15.0%
84.0%
56,795
62,540
59,938
(2,602)
-4.2%
2,082
2,283
2,399
5,580
3,762
1,401
856
4,354
22,717
2,032
2,109
2,073
4,394
5,275
1,135
710
4,014
21,742
2,461
2,505
1,850
5,063
5,115
1,735
767
4,292
23,788
429
396
(223)
669
(160)
600
57
278
2,046
21.1%
18.8%
-10.8%
15.2%
-3.0%
52.9%
8.0%
6.9%
9.4%
2,320
2,770
1,000
523
2,770
1,000
523
-
0.0%
0.0%
0.0%
81,832
87,052
88,019
967
1.1%
211,847
223,530
230,061
6,531
2.9%
79,374
89,036
93,488
4,452
5.0%
291,221
312,566
323,549
10,983
3.5%
NEW JERSEY INSTITUTE OF TECHNOLOGY
DETAIL FOR GENERAL OPERATING EXPENSES
FY2010, FY2011 ACTUAL GENERAL OPERATING EXPENSES & PROPOSED FY12
($000'S)
GENERAL OPERATING EXPENSES:
EQUIPMENT
MATERIALS/SUPPLIES
TRAVEL/CONFERENCES
PROFESSIONAL SERVICES
FACILITY MAINTENANCE, REPAIRS, RENTALS & LEASES
COMPUTER HARDWARE, SOFTWARE, AND MAINTENANCE
GENERAL ADVERTISING
OTHER OPERATING EXPENSES
SUBTOTAL GENERAL OPERATING EXPENSES
FY2010
FY2011
FY2012
YEAR END
YTD
ACTUAL
2,082
2,283
2,399
5,580
3,762
1,401
856
4,354
22,717
YEAR END
YTD
ACTUAL
2,032
2,109
2,073
4,394
5,275
1,135
710
4,014
21,742
TOTAL
PROPOSED
BUDGET
VARIANCE
23,788
2,046
FY12 BUDGET CHANGE DETAIL:
NEW BUDGET CHANGES:
MIDDLE STATE ACCREDITATION
BANNER SYSTEM REQUIRED MAINTENANCE
CAMPAIGN TRAVEL
SOFTWARE FOR FRESHMEN SEMINAR
ADDITIONAL FACILITIES MAINTENANCE EXPENSE
HAZARDOUS WASTE SPILL KITS
MAINTENANCE PEOPLE ADMIN SYSTEM
COMPUTERS - HUMAN RESOURCES
WEB SITE CONTENT MANAGEMENT SYSTEM
CPE NON-CREDIT GROWTH (SUPPORTED FROM NEW REVENUE)
SUBTOTAL NEW BUDGET CHANGES
REBUDGETING OF FY11 NON-RECURRING SAVINGS
GRANT MATCH EQUIPMENT
RESEARCH CENTERS - PROFESSIONAL SERVICES & MAINTENANCE
COMPUTER, HARDWARE, SOFTWARE MAINTENANCE
FACILITY MAINTENANCE AND OTHER MISC NON-RECURRING
SUBTOTAL REBUDGETING NON-RECURRING SAVINGS
TOTAL FY12 BUDGET CHANGES FROM FY11 EXPENDED
27
456
20
25
28
14
3
2
130
549
1,253
205
230
258
100
793
2,046
New Jersey Institute of Technology
FY2012 Revenue Operating Budget
Revenue = $323,549
($000’s)
Other
Revenue
Sources
36,199 11.2%
Restricted
Programs
93,488 28.9%
State
Appropriations
66,696 20.6%
Tuition and
Fees 127,166
39.3%
New Jersey Institute of Technology
FY2012 Expense Operating Budget
Expense = $323,549
Restricted Programs
93,488 28.9%
($000’s)
Academic Area
Personnel 110,812
34.2%
Allocated Balances
3,293 1.0%
University Reserve
1,000 0.3%
General Operating
Expenses 23,788
7.4%
Restricted Use
Budgets 59,938
18.5%
Support Area
Personnel 31,230
9.7%
New Jersey Institute of Technology
**DRAFT** FY 2012 Proposed Facilities Budget/ Cash Disbursements ($000's)
Resources
Plant Fund Allocation
Residence Life Allocation
Bond Fund Proceeds
Gift Income
Plant Fund
Total Resources
FY 2010
Released
800
2,550
3,350
FY2011
Approved
8,808
FY2012
Proposed
8,385
230
5,000
FY2013+
Pending
300
747
9,555
13,615
300
1,500
100
100
700
1,700
230
100
100
Projected Disbursements
Expanded SOA studio space/ Idea Factory
Relocate Career Services
Residence Hall Refurbishment
Classrooms Upgrades
Painting
Colton Computational Biology Lab
Biology Labs
Naimoli Recreation Center
Rehab - CAPE Upper Level
Sidewalk repairs
Theater Sound System
Parking Facility - paint/seal decking
Update/upgrade building security system
Upgrade Fire Alarm System - Central Ave Bldg
Ground water Protection
Jim Wise Library Work Space
Bathroom Fixtures and Plumbing Replacements
Academic Departments
Food Services Update
BB Locker Room Rehab
Training Room/ Locker Room Upgrades
Roof Repairs/Replacements
Upgrades (HVAC, Mechanical, Electrical, Plumbing)
Elevators Upgrade
Central King Projects
Other Projects
Total Projected Disbursements
Net
830
250
1,500
300
100
100
60
2,500
270
100
150
375
450
100
50
200
30
100
150
1,400
2,200
810
5,000
340
3,350
0
0
350
285
120
5,500
500
9,555
13,615
0
0
0
0
300
50
50
200
250
200
325
1,400
3,210
200
5,000
13,315
(13,015)
New Jersey Institute of Technology
Central King Building
FY2012 Capital Needs
Phase II
Window Air Conditioners
Parapet Replacement
Terra Cotta Cross and Decorative Items
Masonry Repointing
Roof Replacement
Bury aboveground wires
$
300,000
500,000
500,000
400,000
600,000
1,400,000
Visionary Program Document & Engineering
300,000
Exterior Lights & Landscaping
400,000
General Conditions and CM Fee
400,000
Contingency
200,000
$
5,000,000
In-State UG
Tuition&Fees
2010-11
$r
%r
Institution
Control
Georgia Institute of Technology-Main Campus
University of Alabama in Huntsville
Auburn University Main Campus
Public
Public
Public
$5,305
$5,216
$5,834
$8,716
$7,492
$7,900
$3,411
$2,276
$2,066
64.3%
43.6%
35.4%
-12.4%
-22.2%
-22.2%
Colorado School of Mines 1
University of Louisiana at Lafayette
Virginia Polytechnic Institute and State University
The University of Tennessee at Chattanooga
Texas Tech University
Michigan Technological University
Clemson University
University of Massachusetts-Dartmouth
University of Massachusetts-Lowell
NJIT
Rutgers
TCNJ
University of Alaska Fairbanks
University of Vermont
Tennessee Technological University
Montana State University
Missouri University of Science and Technology
University of Maryland-Baltimore County
United States
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
Public
$10,050
$3,402
$7,397
$5,932
$5,642
$9,829
$9,870
$8,592
$8,731
$11,350
$10,686
$11,307
$4,578
$12,054
$5,042
$5,749
$8,085
$8,708
$13,425
$4,426
$9,459
$7,382
$6,970
$12,017
$11,908
$10,358
$10,506
$13,370
$12,582
$13,293
$5,358
$14,066
$5,828
$6,168
$8,528
$9,171
$3,375
$1,024
$2,062
$1,450
$1,328
$2,188
$2,038
$1,766
$1,775
$2,020
$1,896
$1,986
$780
$2,012
$786
$419
$443
$463
33.6%
30.1%
27.9%
24.4%
23.5%
22.3%
20.6%
20.6%
20.3%
17.8%
17.7%
17.6%
17.0%
16.7%
15.6%
7.3%
5.5%
5.3%
3.9%
-2.6%
-8.1%
-9.6%
1.0%
-7.1%
-25.5%
-17.1%
-17.1%
-8.7%
-8.7%
-8.7%
-3.4%
-7.3%
-9.6%
4.3%
-1.1%
-0.1%
-7.0%
1
2007-08
State
07-08
Colorado experienced a -85.5% change in state apprporiations per FTE UG from 2004-05 to 2005-06