TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
SUMMARY
OPERATING BUDGET
FISCAL YEAR 2016
Prepared by TTUSA Office of the CFO
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
FISCAL YEAR 2016
SUMMARY OPERATING BUDGET
TABLE OF CONTENTS
PAGE
NUMBER
EDUCATION AND GENERAL FUNDS
INCOME BUDGET
EXPENSE BUDGET
DISTRIBUTION BY METHOD OF FINANCE
1
3
4
DESIGNATED FUNDS
INCOME BUDGET
EXPENSE BUDGET
5
7
BUDGET SUMMARY
SUMMARY OPERATING BUDGET
8
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
COMPARISON OF EDUCATION AND GENERAL FUNDS
INCOME BUDGET
ITEM
FY 2015
FY 2016
$ 1,425,000
$ 1,425,000
1,425,000
1,425,000
$ 1,753,337
$ 1,914,261
1,753,337
1,391,784
-
518,587
129,628
146,510
3,636,302
3,971,142
$ 5,061,302
$ 5,396,142
GENERAL REVENUE APPROPRIATIONS:
GENERAL REVENUE - ARTICLE III
SUBTOTAL
TRANSFERS
TEXAS TECH UNIVERSITY
TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER
TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER AT EL PASO
ANGELO STATE UNIVERSITY
SUBTOTAL
TOTAL
DOLLAR CHANGE
PERCENT CHANGE
$
Page 1
334,840
6.62%
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
FISCAL YEAR 2016
EDUCATION AND GENERAL FUNDS BUDGET
SOURCE OF FUNDS
TEXAS TECH
UNIVERSITY
HEALTH
SCIENCES
CENTER AT
EL PASO
9.61%
TEXAS TECH
UNIVERSITY
SYSTEM
ADMINISTRATION
DIRECT
APPROPRIATIONS
26.41%
ANGELO STATE
UNIVERSITY
2.72%
TEXAS TECH
UNIVERSITY
HEALTH
SCIENCES
CENTER
25.79%
TEXAS TECH
UNIVERSITY
35.47%
Page 2
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
COMPARISON OF EDUCATION AND GENERAL FUNDS
EXPENSE BUDGET
ITEM
GENERAL ADMINISTRATION
INSTITUTIONAL ADVANCEMENT
EMPLOYEE BENEFITS
TOTAL
DOLLAR CHANGE
PERCENT CHANGE
FY 2015
FY 2016
$ 4,318,081
$ 4,641,698
689,339
701,017
53,882
53,427
$ 5,061,302
$ 5,396,142
$
Page 3
334,840
6.62%
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
FY 2016 EDUCATION AND GENERAL FUNDS BUDGET
DISTRIBUTION BY METHOD OF FINANCE
ITEM
General Revenue
GENERAL ADMINISTRATION
$
INSTITUTIONAL ADVANCEMENT
EMPLOYEE BENEFITS
$
TOTAL
4,641,698
$
4,641,698
701,017
701,017
53,427
53,427
5,396,142
This schedule complies with Article III, Section 6 of the General Appropriations Act.
Page 4
FY 2016
$
5,396,142
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
COMPARISON OF DESIGNATED FUNDS
INCOME BUDGET
ITEM
FY 2015
FY 2016
TRANSFERS:
TEXAS TECH UNIVERSITY
$
TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER
TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER AT EL PASO
ANGELO STATE UNIVERSITY
SUBTOTAL
2,855,040
$
2,792,248
2,703,344
1,921,239
-
715,865
353,221
343,838
5,911,605
5,773,190
ADDITIONAL REVENUES:
INTEREST AND INVESTMENT INCOME
$
SELF INSURANCE FUND*
* FY 2015 and prior reported on TTUHSC Summary Operating Budget
FACILITIES PLANNING & CONSTRUCTION FEES
$
6,605,000
-
1,740,575
3,145,694
3,145,694
9,581,578
11,491,269
$ 15,493,183
$ 17,264,459
$
$
SUBTOTAL
CURRENT YEAR REVENUE
6,435,884
OTHER:
FUND BALANCES
TOTAL
300,894
$ 15,794,077
DOLLAR CHANGE
PERCENT CHANGE
$ 17,332,301
$
Page 5
67,842
1,538,224
9.74%
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
FISCAL YEAR 2016
DESIGNATED FUNDS BUDGET
SOURCE OF FUNDS
FACILITIES
PLANNING &
CONSTRUCTION
FEES
18.15%
FUND BALANCES
0.39%
TEXAS TECH
UNIVERSITY
16.11%
SELF INSURANCE
FUND
10.04%
ANGELO STATE
UNIVERSITY
1.98%
INTEREST AND
INVESTMENT
INCOME
38.11%
Page 6
TEXAS TECH
UNIVERSITY
HEALTH
SCIENCES
CENTER
11.08%
TEXAS TECH
UNIVERSITY
HEALTH
SCIENCES
CENTER AT
EL PASO
4.13%
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
COMPARISON OF DESIGNATED FUNDS
EXPENSE BUDGET
ITEM
FY 2015
FY 2016
$ 8,671,125
$ 8,434,850
-
1,740,575
INSTITUTIONAL ADVANCEMENT
3,977,258
4,011,182
FACILITIES PLANNING AND CONSTRUCTION
3,145,694
3,145,694
$ 15,794,077
$ 17,332,301
GENERAL ADMINISTRATION
SELF INSURANCE FUND
TOTAL
DOLLAR CHANGE
PERCENT CHANGE
$ 1,538,224
9.74%
Page 7
TEXAS TECH UNIVERSITY
SYSTEM ADMINISTRATION
SUMMARY OPERATING BUDGET
FISCAL YEAR 2016
Sources of Funds
Estimated
Fund
Income
Balance
EDUCATIONAL AND GENERAL
DESIGNATED
TOTAL
$ 5,396,142
$
17,264,459
$ 22,660,601
Page 8
$
-
Estimated
Expenditures
$
5,396,142
67,842
17,332,301
67,842
$ 22,728,443
Texas Tech University System Administration Budgeted Expenses
25,000,000
$22.7
$20.9
20,000,000
$ 19.2
$ 18.8
$19.0
$18.2
$ 17.6
$ 17.3
$ 17.0
$ 16.9
$16.8 $16.8
$16.8
$16.4
$15.5
15,000,000
10,000,000
5,000,000
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Facilities Planning
Institutional Advancement
Police Department
Page 9
Self Insurance Fund
Administration