TEXAS TECH UNIVERSITY
SUMMARY
OPERATING BUDGET
FISCAL YEAR 2012
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TEXAS TECH UNIVERSITY
FY 2012 SUMMARY OPERATING BUDGET
TABLE OF CONTENTS
ITEM
PAGE
NUMBER
SOURCE OF FUNDS CHART
1
EDUCATIONAL AND GENERAL FUNDS
INCOME BUDGET
EXPENSE BUDGET
2
4
SPECIAL ITEMS
SPECIAL ITEMS BUDGET
6
HIGHER EDUCATION ASSISTANCE FUNDS
HEAF BUDGET
8
DESIGNATED FUNDS
INCOME BUDGET
EXPENSE BUDGET
10
11
AUXILIARY FUNDS
INCOME BUDGET
EXPENSE BUDGET
13
14
CURRENT RESTRICTED FUNDS
INCOME AND EXPENSE BUDGETS
16
SUMMARY OPERATING BUDGET
SUMMARY OPERATING BUDGET
FUND DEFINITIONS
18
20
TEXAS TECH UNIVERSITY
FY 2012
SUMMARY OPERATING BUDGET
SOURCE OF FUNDS
EDUCATION AND GENERAL
29.8%Total
APPROPRIATED
22.0%
DESIGNATED
36.1%
STATE
TUITION
7.8%
CURRENT
RESTRICTED
14.4%
AUXILIARY
19.7%
PAGE 1
TEXAS TECH UNIVERSITY
COMPARISON OF EDUCATIONAL AND GENERAL FUNDS
INCOME BUDGET
ITEM
FY 2011
FY 2012
TUITION AND FEES
GROSS TUITION
$53,144,000
$56,199,000
GRADUATE TUITION
4,263,266
4,900,000
LAW TUITION
3,200,000
3,200,000
TUITION SET ASIDES
REMISSIONS AND EXEMPTIONS
TOTAL TUITION
ORGANIZED ACTIVITIES AND LABORATORY FEE
TOTAL FEES
TOTAL TUITION AND FEES
(72,000)
(75,751)
(11,450,000)
(12,297,000)
$49,085,266
$51,926,249
553,306
620,278
$553,306
$620,278
$49,638,572
$52,546,527
OTHER EDUCATIONAL AND GENERAL INCOME
INTEREST EARNINGS
$750,000
$750,000
SPECIAL MINERAL FUND
54,000
64,000
MISCELLANEOUS
34,000
34,000
$838,000
$848,000
TOTAL OTHER EDUCATIONAL AND GENERAL INCOME
STATE APPROPRIATIONS
GENERAL REVENUE
$141,120,198
STATE MANDATED 5% REDUCTION
$127,276,377
(6,412,106)
0
1
ARTICLE XII SPECIAL PROVISIONS ARRA SEC. 25
2,000,000
INCENTIVE FUNDING FY 2011
1,514,264
0
HIGHER EDUCATION FUND
23,936,088
23,936,088
TOTAL STATE APPROPRIATIONS
$162,158,444
$151,212,465
TOTAL CURRENT FUNDS REVENUES
DESIGNATED SUPPORT OF E&G OPERATIONS
TOTAL CURRENT FUNDS REVENUES - BELOW THE LINE
PERCENT CHANGE
1
0
$212,635,016
$204,606,992
$3,225,404
$3,225,404
$215,860,420
$207,832,396
-3.7%
$2,000,000 allocated American Recovery Reinvestment Act.
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PAGE 3
TEXAS TECH UNIVERSITY
COMPARISON OF EDUCATIONAL AND GENERAL FUNDS
EXPENSE BUDGET
ITEM
FY 2011
FACULTY SALARIES
FY 2012
$93,087,605
$91,426,046
HEAF
23,936,088
23,936,088
EMPLOYEE BENEFITS
10,674,045
12,528,865
DEPARTMENTAL OPERATING EXPENSE
11,585,913
11,303,400
SPECIAL ITEMS - EXISTING
13,544,921
9,742,984
INSTITUTIONAL SUPPORT
10,680,233
9,331,121
DEBT SERVICE
10,385,694
9,230,357
GRADUATE STUDENT SUPPORT
7,463,266
8,100,000
PHYSICAL PLANT
7,867,028
7,572,048
INSTRUCTIONAL ADMINISTRATION
7,423,127
7,111,212
TPEG
5,470,000
5,736,432
ACADEMIC OPERATIONS SUPPORT
4,463,491
4,291,601
RESEARCH DEVELOPMENT FUND
4,624,881
4,163,801
TEXAS TECH UNIVERSITY SYSTEM
1,667,837
1,667,837
OTHER
653,306
898,226
STUDENT SERVICES
818,721
792,378
INCENTIVE FUNDING
1,514,264
0
$215,860,420
$207,832,396
TOTAL
PERCENT CHANGE
-3.7%
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TEXAS TECH UNIVERSITY
COMPARISON OF EDUCATIONAL AND GENERAL FUNDS
SPECIAL ITEMS BUDGET
ITEM
FY 2011
FY 2012
LIBRARY ARCHIVAL SUPPORT
$729,290
$533,756
AGRICULTURAL RESEARCH
2,169,690
1,673,371
919,399
643,447
2,316,640 1
237,480
349,479
258,346
SMALL BUSINESS
1,166,321
1,227,706
MUSEUMS AND CENTERS
2,085,792
1,523,064
FINANCIAL RESPONSIBILITY
228,001
171,000
HILL COUNTRY EDUCATIONAL NETWORK
614,444
454,219
2,965,865
3,020,595
ENGINEERING RESEARCH
EMERGING TECHNOLOGIES
JUNCTION
COMPETITIVE KNOWLEDGE FUND
TOTAL
$13,544,921
PERCENT CHANGE
1
$9,742,984
-28.1%
$2,000,000 allocated American Recovery Reinvestment Act.
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PAGE 7
TEXAS TECH UNIVERSITY
HIGHER EDUCATION ASSISTANCE FUNDS
CAPITAL FINANCING PLAN
ITEM
FY 2011
FY 2012
PROJECTS
MAJOR PROJECTS
MINOR AND INTERMEDIATE
DEFERRED MAINTENANCE
DEBT SERVICE
$1,000,000
500,000
2,100,000
4,309,673
$1,000,000
500,000
2,100,000
6,124,858
TOTAL PROJECTS
$7,909,673
$9,724,858
$150,000
950,000
450,000
650,000
3,500,000
1,800,000
$150,000
950,000
450,000
650,000
3,500,000
1,800,000
TOTAL EQUIPMENT
$7,500,000
$7,500,000
EMERGENCY RESERVE
STRATEGIC INITIATIVE
SYSTEM MOVE
$1,600,000
6,926,415
0
$1,500,000
4,711,230
500,000
$8,526,415
$6,711,230
$23,936,088
$23,936,088
EQUIPMENT
ADMINISTRATIVE UNITS
PHYSICAL PLANT
SYSTEM
INFORMATION TECHNOLOGY
ACADEMICS
RESEARCH
TOTAL
FY 2011-2015 HEAF allocation is set at $23,936,088 per year
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PAGE 9
TEXAS TECH UNIVERSITY
COMPARISON OF DESIGNATED FUNDS
INCOME BUDGET
ITEM
FY 2011
FY 2012
TUITION & FEES:
DESIGNATED TUITION AND DEREGULATED TUITION
$80,922,240
$89,522,240
DESIGNATED TUITION - LAW DEREGULATED TUITION
1,515,880
2,165,880
DESIGNATED TUITION - NEED BASE FINANCIAL AID
8,882,704
9,406,785
21,570,000
17,600,000
11,599,674
10,105,072
6,100,159
7,569,314
5,470,000
4,700,750
4,350,000
2,000,000
3,300,000
2,880,000
3,107,056
21,570,000
18,030,000
15,010,591
8,825,956
8,664,513
7,700,000
5,736,432
4,700,750
4,410,000
4,050,000
3,400,000
3,177,896
3,107,056
STUDENT SERVICE FEES
8,519,953
10,338,142
CORRESPONDENCE AND EXTENSION FEES
5,315,366
5,371,366
$205,508,168
$225,187,607
OTHER GENERAL FEES:
LIBRARY USE FEE
INFORMATION TECHNOLOGY FEE
COURSE FEES
OTHER STUDENT FEES
SPECIAL INSTRUCTION FEES
FINANCIAL AND RECORD SERVICES FEE
TEXAS PUBLIC EDUCATION GRANT
STUDENT RECREATION CENTER
MEDICAL SERVICES FEE
RAWLS CENTER FOR PROFESSIONAL DEVELOPMENT
ENERGY FEE
ADVISING FEE
TRANSPORTATION FEE
SUBTOTAL - TUITION AND FEES
SALES & SERVICES OF EDUCATIONAL ACTIVITIES:
SALES & SERVICES
LESS: SALES TO OTHER DEPARTMENTS
SUBTOTAL - SALES & SERVICES
$61,785,280
(56,537,712)
$60,639,156
(55,175,127)
$5,247,568
$5,464,029
$1,543,250
1,286,134
4,216,868
7,176,000
$1,598,542
1,299,254
4,206,961
8,576,000
$14,222,252
$15,680,757
$224,977,988
$246,332,393
$6,897,517
$7,769,376
$231,875,505
$254,101,769
OTHER SOURCES:
INVESTMENT INCOME
INTEREST INCOME
OTHER MISCELLANEOUS INCOME
RECOVERY OF INDIRECT COSTS
SUB-TOTAL - OTHER SOURCES
TOTAL CURRENT DESIGNATED REVENUE
UTILIZATION OF FUND BALANCE
TOTAL DESIGNATED REVENUE
PERCENT CHANGE
9.59%
PAGE 10
TEXAS TECH UNIVERSITY
COMPARISON OF DESIGNATED FUNDS
EXPENSE BUDGET
FY 2011
ITEM
FY 2012
ACADEMIC SUPPORT
LIBRARY SUPPORT
COURSE FEES
SPECIAL INSTRUCTION FEES
INFORMATION TECHNOLOGY
TEXAS PUBLIC EDUCATION GRANT
OTHER ACADEMIC SUPPORT
SUBTOTAL ACADEMIC SUPPORT
$21,610,000
11,834,318
6,401,826
20,141,448
5,470,000
11,077,012
$21,610,000
15,197,597
8,727,845
20,279,505
5,736,432
11,436,481
$76,534,604
$82,987,860
$14,451,026
14,831,755
6,602,671
0
4,714,000
0
3,225,404
3,000,000
1,164,317
2,139,000
1,815,172
1,898,689
748,008
1,533,102
9,100,000
811,052
1,436,111
802,894
200,000
2,500,000
774,498
9,303,063
$81,050,762
8,882,704
1,515,880
$16,018,740
15,038,353
9,474,017
5,000,000
4,714,000
3,274,804
3,225,404
3,000,000
2,637,889
2,616,257
2,002,084
1,898,689
1,748,008
1,717,007
1,627,171
1,502,211
1,436,111
1,158,614
200,000
0
0
13,157,619
$91,446,978
9,406,785
2,165,880
$91,449,346
$103,019,643
$7,997,823
$7,099,499
$9,191,742
4,800,750
4,650,000
3,009,229
13,944,351
$11,274,623
4,800,750
4,575,471
3,261,784
15,761,661
$35,596,072
$39,674,289
DESIGNATED TUITION SUPPORT& DEREGULATED TUITION
UTILITIES
DEPARTMENTAL OPERATING EXPENSE
FACULTY SALARIES
RCM PERFORMANCE AND OUTCOME BASE MEASURES
PRESIDENT'S SCHOLARSHIP FUND
STRATEGIC RESEARCH INVESTMENT
SUPPORT OF EDUCATION & GENERAL OPERATIONS
PRESIDENT'S GROWTH INITIATIVES
M&O AND UNALLOCATED EXPENSE
RETIREMENT OF INDEBTEDNESS
STUDENT SERVICES AND INSTRUCTIONAL EQUIPMENT
TEXAS TECH SYSTEM TRANSFER
SCHOLARSHIPS AND AWARDS
COLLEGE DEVELOPMENT OFFICERS
PRESIDENT'S STRATEGIC INITIATIVES
FRINGES
ACADEMIC ENHANCEMENT
INSTITUTIONAL DIVERISTY EQUITY & COMMUNITY ENGAGEMENT
A&F FINANCE SYSTEM
INTERCOLLEGIATE ATHLETICS
UNIVERSITY POLICE/TRAINING
OTHER INSTITUTIONAL TUITION TRANSFERS
SUBTOTAL - DESIGNATED TUITION
NEED BASE FINANCIAL AID
LAW DEREGULATED EXPENSE
SUBTOTAL INSTITUTIONAL TUITION SUPPORT
ALL OTHER INSTITUTIONAL SUPPORT
STUDENT SERVICE SUPPORT
STUDENT SERVICE ACTIVITIES
STUDENT RECREATIONAL CENTER
STUDENT HEALTH CENTER
ADVISING ACTIVITIES
OTHER STUDENT SUPPORT ACTIVITIES
SUBTOTAL STUDENT SERVICE SUPPORT
PAGE 11
CORRESPONDENCE AND EXTENSION STUDIES
$5,397,366
$5,549,582
RECOVERY OF INDIRECT COSTS
$7,176,000
$8,576,000
$1,705,087
22,645,000
7,000,000
16,325,238
415,896
1,434,751
8,957,098
$1,705,087
22,645,000
6,600,000
16,325,238
451,496
1,434,751
7,553,147
$58,483,070
$56,714,719
$5,778,936
$5,655,304
$288,413,217
$309,276,896
INTERNAL SERVICES
DEPARTMENTAL POSTAGE
UTILITIES, BOTH PLANTS
COMMUNICATION SERVICES
BUILDING/UTILITIES MAINTENANCE & MOTOR POOL
PRINTECH & BULK MAIL
CENTRAL WAREHOUSE - STORES
ALL OTHER INTERNAL SERVICES
SUBTOTAL INTERNAL SERVICES
EXTERNAL SERVICES
SUBTOTAL
LESS: SALES TO OTHER DEPARTMENTS
(56,537,712)
TOTAL
$231,875,505
PERCENT CHANGE
(55,175,127)
$254,101,769
9.59%
PAGE 12
TEXAS TECH UNIVERSITY
COMPARISON OF AUXILIARY FUNDS
INCOME BUDGET
FY 2011
ITEM
INTERCOLLEGIATE ATHLETICS
FY 2012
$48,682,428
$53,868,360
7,150,114
7,228,220
RESIDENCE HALLS
28,352,500
29,359,361
HOSPITALITY SERVICES
28,561,325
31,693,222
4,364,999
5,333,158
STUDENT UNION
TRAFFIC AND PARKING / GARAGE OPERATION
SUB-TOTAL
$117,111,366
$127,482,321
$5,401,038
$5,970,422
OTHER:
SALES AND SERVICE
INVESTMENT REVENUES
SUB-TOTAL
TOTAL CURRENT AUXILIARY REVENUE
UTILIZATION OF FUND BALANCE
200,500
285,501
$5,601,538
$6,255,923
$122,712,904
$133,738,244
4,759,310
TOTAL AUXILIARY REVENUE
$127,472,214
PERCENT CHANGE
1,802,753
$135,540,997
6.33%
PAGE 13
TEXAS TECH UNIVERSITY
COMPARISON OF AUXILIARY FUNDS
EXPENSE BUDGET
ITEM
FY 2011
INTERCOLLEGIATE ATHLETICS
FY 2012
$48,682,428
$53,933,361
7,400,114
7,588,220
RESIDENCE HALLS
30,627,500
29,359,361
HOSPITALITY SERVICES
29,886,325
31,763,222
TRAFFIC & PARKING/GARAGE OPERATION
4,901,790
6,348,190
OTHER SALES AND SERVICE
5,974,057
6,548,643
$127,472,214
$135,540,997
STUDENT UNION
TOTAL
PERCENT CHANGE
6.33%
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PAGE 15
TEXAS TECH UNIVERSITY
COMPARISON OF CURRENT RESTRICTED FUNDS
INCOME AND EXPENSE BUDGETS
ITEM
FY 2011
FY 2012
SOURCES OF FUNDS
FEDERAL PROGRAMS
STATE PROGRAMS
PRIVATE
ALL OTHER
TOTAL FUNDS FROM ALL SOURCES
$59,237,794
$60,374,835
3,213,151
3,502,751
28,750,628
33,102,129
2,759,990
1,679,925
$93,961,563
$98,659,640
$14,311,346
15,170,320
141,080
11,825,317
3,304,179
18,956,704
20,787,983
4,460,087
171,327
1 627 559
1,627,559
1,995,554
708,174
501,933
$18,883,455
13,378,247
138,123
10,349,396
3,403,758
18,843,991
22,701,583
5,248,693
236,783
1 400 967
1,400,967
2,140,914
1,065,524
868,206
$93,961,563
$98,659,640
DISTRIBUTION BY COLLEGE OR AREA:
ADMINISTRATIVE AND OTHER
AGRICULTURAL SCIENCES
ARCHITECTURE
ARTS AND SCIENCES
EDUCATION
ENGINEERING
FEDERAL FINANCIAL AID
HUMAN SCIENCES
MASS COMMUNICATIONS
MULTIDISCIPLINARY RESEARCH CENTER AND INSTITUTE
RAWLS COLLEGE OF BUSINESS
SCHOOL OF LAW
VISUAL AND PERFORMING ARTS
TOTAL DISTRIBUTION TO ALL COLLEGES AND AREAS
PERCENT CHANGE
5.0%
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PAGE 17
TEXAS TECH UNIVERSITY
SUMMARY OPERATING BUDGET
FISCAL YEAR 2012
FUND
EDUCATIONAL & GENERAL
LESS TRANSFER FROM DESIGNATED
LESS TRANSFER TO DESIGNATED - TPEG
SOURCE OF FUNDS
ESTIMATED
OTHER
INCOME
SOURCES
ESTIMATED
EXPENSE
$204,606,992
$207,832,396
$3,225,404
($3,225,404)
(5,736,432)
AUXILIARY
133,738,244
CURRENT RESTRICTED
1,802,753
98,659,640
DESIGNATED
LESS TRANSFER TO EDUCATIONAL & GENERAL
LESS TRANSFER FROM EDUCATIONAL & GENERAL - TPEG
TOTAL
246,332,393
98,659,640
7,769,376
254,101,769
(3,225,404)
(5,736,432)
$677,600,837
PAGE 18
135,540,997
$9,572,129
$687,172,966
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PAGE 19
TEXAS TECH UNIVERSITY
SUMMARY OPERATING BUDGET
FUND DEFINITIONS
EDUCATIONAL AND GENERAL FUNDS:
Funds comprised of tax (General Revenue) funds in the state treasury and funds generated
locally (Other E & G) by the University from students and other sources.
Appropriated
General Revenue and Higher Education Assistance Funds from the state
treasury for administration, institutional expense, instruction and departmental
research, physical plant operation, and other items related to instruction.
Other Educational and General Funds
Funds generated locally by the University and reappropriated by the state (e.g.,
tuition, fees, indirect cost, interest earnings, etc.) to be used for administration,
institutional expense, instruction and departmental research, physical plant
operation, and other items related to instruction.
DESIGNATED FUNDS:
Unrestricted funds that are internally allocated for specific purposes (e.g. student services fees,
institutional tuition, information technology fees, library fees, etc.)
AUXILIARY FUNDS:
Funds used to provide services for students, faculty, and staff which generally charge a fee
directly related to the cost of the service provided (e.g. athletics, residence halls, hospitality
services, traffic & parking, etc.) No state funds can be used to support auxiliary operations.
CURRENT RESTRICTED FUNDS:
Funds available for current purposes, the use of which is restricted by the donor/grantor to be
utilized as stipulated by the funding source (e.g. research grants, scholarships, earnings from
endowments, etc.)
PAGE 20