Deans and Chairs
October 13, 2015
Kyle Clark
Vice President for Finance and Administration
1
2015 – 2016 Operating Budget
2
Overview of 2015 Legislative Session
•
•
•
•
Record-breaking budget of $78.7 billion
During regular session, 1,755 bills filed, 231 passed
During special session, 41 bills filed, 12 passed
Of the bills that passed, 11 bills have an impact on Higher
Education and the State University System
• $461.4 million was vetoed
3
2015 - 2016 Total Operating Budget Summary
Education & General - State Support
Education & General - Tuition, Fees, and Other
Auxiliary
Debt Service
Contracts & Grants
Local Funds
Capital Projects
Component Units
Total
$440,920,683
209,926,352
152,461,123
23,058,381
227,903,303
250,180,703
157,150,402
114,193,526
$1,575,794,473
4
2015 - 2016 Total Operating Budget Summary
Component Units
7.25%
State Support
27.98%
Capital Projects
9.97%
Local Funds
15.88%
Total E&G
41.30%
Tuition, Fees, and
Other
13.32%
Contracts &
Grants
14.46%
Auxiliary
9.68%
Debt Service
1.46%
5
2015 - 2016 Component Units
Operating Budgets
Seminole Boosters, Inc.
FSU Foundation, Inc.
FSU International Programs Association, Inc.
Florida Medical Practice Plan, Inc.
FSU Financial Assistance, Inc.
FSU Research Foundation, Inc.
FSU Alumni Association, Inc.
John and Mable Ringling Museum of Art, Inc.
FSU Magnet Research and Development, Inc.
FSU Real Estate Foundation, Inc.
Subtotal Component Unit Expenses
Addition to Fund Balance
Total Component Unit Expenses
$47,046,884
20,233,226
16,250,000
12,836,083
5,361,298
3,518,000
2,995,800
2,136,420
1,746,590
644,216
$112,768,517
$1,425,009
$114,193,526
6
2015 - 2016 Construction Budget
Project
Doak Campbell Stadium
Housing Phase II
Earth, Ocean and Atmospheric Science Building
Interdisciplinary Research & Commercialization Building
Housing Phase I
TLCCC Locker Rooms
All Others
Total
Planned 2015-2016
Expenditures
$55,000,000
35,000,000
21,500,000
5,275,000
4,878,908
4,000,000
34,268,554
$159,922,462
7
State University System Operating
Budgets 2015 - 2016
University of Florida
University of South Florida
University of Central Florida
Estimated Total
Operating Budget
(in billions)
$3.34
1.79
1.50
Florida State University
1.46
13.27%
49,613
1.00
0.75
0.29
0.29
0.28
0.22
0.05
0.03
$11.00
9.09%
6.82%
2.64%
2.64%
2.55%
2.00%
0.45%
0.27%
100.00%
29,357
40,422
39,811
36,661
26,752
23,009
56,778
46,267
Florida International University
Florida Atlantic University
University of West Florida
Florida Agricultural & Mechanical University
University of North Florida
Florida Gulf Coast University
Florida Polytechnic University
New College
Total
Percentage
of SUS
Budget
30.36%
16.27%
13.64%
Total
Revenues /
FTE*
$91,871
56,596
38,583
*Source: 2015 System Summary of University Work Plans Draft (6/15/15)
Note: Does not include teaching hospitals
8
Operating Budgets 2015 – 2016
Peer Institutions
Indiana University
Ohio State University
University of Missouri
University of Maryland
University of Georgia
Florida State University
University of Kansas
Estimated Total
Operating Budget
(in billions)
$3.3
2.5
2.3
1.9
1.5
1.5
1.4
Total
Revenues /
FTE*
$81,311
47,001
70,867
55,080
46,266
49,613
57,108
* Source: 2014-2015 Common Data Set
Note: Does not include teaching hospitals
9
Guiding Principles
As Stated By Board of Governors
•
•
•
•
Use metrics that align with Strategic Plan goals
Reward excellence or improvement
Have a few, clear, simple metrics
Acknowledge the unique mission of the
different institutions
10
Key Metrics
• Common to All Universities
– Percent of Bachelor’s Graduates Employed and/or Continuing their Education
Further 1 Year After Graduation
– Median Average Full-time Wages of Undergraduate Employed in Florida 1 Year
After Graduation
– Average Cost per Undergraduate Degree to the Institution
– Six Year Graduation Rate
– Academic Progress Rate
– Bachelor’s Degrees Awarded in Areas of Strategic Emphasis
– University Access Rate
– Graduate Degrees Awarded in Areas of Strategic Emphasis
• Institution Specific Metrics
– 1 Board of Governors Choice
• Percent of Bachelor’s Degrees without Excess Hours
• Faculty Awards
– 1 Board of Trustee Choice
11
2015 - 2016 Performance Funding Model
Funding
•
•
•
$100 million allocation of new funds from
Performance
FSU to receive $16.7 million allocation from the
Performance Funding Model
Performance funding grand total $400 million
12
2015 - 2016 Performance Funding Metrics
13
2015 - 2016 Performance Funding Model
14
2015 - 2016 Performance Funding Model
15
2015 - 2016 Performance Funding Model
16
FSU 2015 - 2016 Performance Funding Model
17
Preeminence Metrics - 2015 Evaluation
Pending Board Approval
18
Undergraduate Tuition & Fees
No change from 2014-2015
RESIDENT
Tuition:
Tuition
Tuition Differential Fee
Subtotal
Fees:
Activity and Service Fee
Athletic Fee
Capital Improvement Trust Fund Fee
Health Fee
Student Affairs Facility Use Fee
Student Financial Aid Fee
Technology Fee
Transportation Fee
Subtotal
Total per Credit Hour
Student Affairs Facility Use Fee per semester
Academic Year (30 Hours)
2015-2016
$105.07
49.59
$154.66
$12.86
7.9
4.76
13.97
2
5.25
5.25
8.9
$60.89
$215.55
$20.00
$6,506.50
NON-RESIDENT
Tuition:
Tuition
Tuition Differential Fee
Subtotal
Fees:
Activity and Service Fee
Athletic Fee
Capital Improvement Trust Fund Fee
Health Fee
Student Affairs Facility Use Fee
Student Financial Aid Fee
Technology Fee
Transportation Fee
Out-of-State Fee
Out-of-State Student Financial Aid Fee
Subtotal
Total per Credit Hour
Student Affairs Facility Use Fee per semester
Academic Year (30 Hours)
2015-2016
$105.07
49.59
$154.66
$12.86
7.9
4.76
13.97
2
5.25
5.25
8.9
481.48
24.07
$566.44
$721.10
$20.00
$21,673.00
19
Our Annual Operating Budget is larger
than 74 Countries
American Samoa
Andorra
Anguilla
Antigua and Barbuda
Aruba
Barbados
Belize
Bermuda
Bhutan
British Virgin Islands
Burundi
Cabo Verde
Cayman Islands
Central African Republic
Comoros
Cook Islands
Djibouti
Dominica
Eritrea
Falkland Islands (Islas Malvinas)
Faroe Islands
Fiji
French Polynesia
Gambia, The
Gibraltar
Greenland
Grenada
Guam
Guernsey
Guinea-Bissau
Guyana
Holy See (Vatican City)
Isle of Man
Jersey
Kiribati
Lesotho
Liberia
Liechtenstein
Malawi
Maldives
Marshall Islands
Micronesia, Federated States of
Monaco
Montenegro
Montserrat
Nauru
New Caledonia
Nicaragua
Niue
Norfolk Island
Northern Mariana Islands
Palau
Pitcairn Islands
Saint Helena, Ascension, and Tristan da Cunha
Saint Kitts and Nevis
Saint Lucia
Saint Pierre and Miquelon
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Seychelles
Sierra Leone
Solomon Islands
Suriname
Swaziland
Togo
Tokelau
Tonga
Turks and Caicos Islands
Tuvalu
Vanuatu
Virgin Islands
Wallis and Futuna
20
DRAFT
2016 – 2017 Operating Budget
21
DRAFT
2016 – 2017 Operating Budget
• October 19, 2015 – Call for 2016-2017
proposals
• January 12, 2016 – 2016 Legislative Session
convenes – proposals due to Office of the
Provost
• January 18, 2016 – Proposals due to the Budget
• March 11, 2016 – 2016 Legislative Session ends
• March 31, 2016 – Review of proposals complete
22
DRAFT
2016 – 2017 Operating Budget
• April 29, 2016 – Veto period ends; new 20162017 allocations are finalized
• June 24, 2016 – Board of Trustees approves
2016-2017 Operating Budget
• July 1, 2016 – Happy New Year; new allocations
provided in departmental base budgets
23
Finance and Administration
Update
24
Current Projects
• Mandatory criminal background checks for all A&P,
USPS, and Faculty appointments effective August 1, 2015
• College of Engineering fiscal agent and facilities
transition
• Payroll enhancements including faculty salary distribution
9/12
• Collective bargaining
• Shared services
• Process improvements
• New budget system
25
Current Projects
• Public Private Partnership Guidelines
– Convention, Retail, and Entertainment District
– Varsity Way
– Panama City Residence Hall
•
•
•
•
Procurement enhancements
Transportation masterplan
Fleet management
Human resource ERP upgrades in progress
26
Current Projects
•
•
•
•
•
•
•
New Graduate Assistant payment plan
Financial aid distribution
Transportation and game day management
Vehicle maintenance
Space management
Shared initiatives
Energy Savings
27
5-Year Capital Improvement Plan & Legislative
Budget Report FY 2016-2017 through 2020-2021
28
Facilities Design & Construction
Active Major Projects
SCHEDULE
Project
Number
Project Description
FS-242 University Housing
Replacement
BUDGET
Architect/ Bid/Guarantee
Substantial
Engineer
Max Price
Construction Completion
Planning
11/15/2012
Construction Equipment
Total
06/20/2013
08/05/2013
06/30/2015
$3,662,9080
$ 47,205,971
$1,307,452
07/15/2015
08/15/2015
06/01/2017
6,624,190
62,689,064
2,450,000
71,663,254
05/01/2016
07/01/2016
05/30/2018
3,850,000
60,000,000
6,000,000
69,850,000
04/01/2012
09/15/2013
12/20/2013
06/27/2015
902,100
9,318,309
685,000
10,905,409
09/01/2014
01/15/2015
02/01/2015
09/01/16
9,329,000
67,188,537
2,250,000
78,767,537
31672 / Athletics Locker Room/Offices
04/24/2014
31866
01/29/2015
03/23/2015
03/29/16
300,000
3,250,000
450,000
4,000,000
05/15/2016
06/15/2016
06/15/2018
5,000,000
63,000,000
17,000,000
85,000,000
Varies
Varies
Varies
Varies
2,823,931
18,046,792
6,404,445
27,275,168
10/18/14
10/30/2015
Mar 16
Sept 16
422,846
3,577,154
300,000
4,300,000
02/01/2015
08/15/2015
09/01/2015
08/01/2016
1,600,000
8,200,000
200,000
10,000,000
FS-221
FS-259
University Housing
Replacement Phase 2 including 9/29/2014
Urban Eateries Dining Concept
Earth Ocean. & Atmosph. Sci.
09/05/2013
(EOAS)
FS-298
Asian Art Study Center
FS-218
Doak Campbell Stadium
Improvements
FS-275
Interdisciplinary Research &
Commercialization Bldg (IRCB) 04/15/2015
FS-253
Donald L. Tucker Center
31780 / Tucker Locker Room
31954
Improvements
FS-321
College of Engineering
(FSU\FAMU)
Projects Underway
$
$
52,176,331
413,937,699
29
Earth, Ocean & Atmospheric Sciences
Substantial Completion Date: August 2018 (if funds are received this session)
GSF: 130,000 +/Total Cost: $64,950,000
Fund Source: FCO
Project Information:
To be located at the prominent corner of Woodward Avenue & Tennessee Street, the new
EOAS building will provide state of the art classrooms, teaching labs, research labs, and
offices for the Earth Ocean & Atmospheric Sciences Department which has been created
from the recently merged departments of Geology, Oceanography, and Meteorology.
Consultants:
Architects – Bohlin Cywinski Jackson Architects, Pittsburgh, PA
Contractor – Ajax Construction, Tallahassee, FL
30
Earth Ocean Atmospheric Sciences
31
Earth Ocean Atmospheric Sciences
32
Earth Ocean Atmospheric Sciences
33
Earth Ocean Atmospheric Sciences
34
University Housing Phase 1
Substantial Completion Date: 6/15/2015
GSF: 192,000 (Buildings 1&2)
Total Cost: $55,400,000
Fund Source: University Funds
Project Information:
This housing project adds 872 new beds in 2-bed suite style configuration. Study areas,
lounges, laundry, and recreation areas are included, as well as a landscaped exterior
courtyard. Substantial completion was achieved June 2015 and buildings 1&2 were
occupied for the summer and fall semesters.
Consultants:
Architect – Gilchrist, Ross, Crowe Architects, Tallahassee, FL
Contractor – Culpepper Construction, Inc., Tallahassee, FL
35
University Housing Phase 1
36
University Housing Replacement
37
University Housing Replacement Phase 2
Substantial Completion Date: 6/1/2017
GSF: 209,000 (Buildings 3 & 4); 19,300 GSF for Urban Eateries
Total Cost: $64,500,000
Fund Source: University Funds
Project Information:
Dorman and Deviney have been demolished. Foundations for Buildings 3 and 4 are
currently being installed. A 912-bed facility will be constructed in a suite style
configuration. Common areas for study, lectures, recreation, and laundry are all
included, as well as landscaped courtyards. Urban Eateries is a unique food service
venue, to be located along Jefferson Street.
Consultants:
Architect – Gilchrist, Ross, Crowe Architects, Tallahassee, FL
Contractor – Culpepper Construction, Inc., Tallahassee, FL
38
University Housing Replacement Phase 2
39
University Housing Replacement Phase 2
40
Doak Campbell Stadium Improvements
Completion Date: 8/1/2016
GSF: 75,000 new and renovated space
Total Cost: $85,000,000
Fund Source: Seminole Boosters/Athletics
Project Information:
Improvements include the South end zone terrace/club seating and stadium seating,
south end zone/ballroom expansion/renovation. Two new ingress/egress towers will be
constructed along with replacement of the East/West skybox window wall, structural
repairs, and mechanical upgrades.
Design-Build Consultants:
Architect – EMI Architects, Tallahassee, FL
Contractor – Childers Construction, Tallahassee, FL
41
Doak Campbell Stadium Improvements
42
Doak Campbell Stadium Improvements
43
Doak Campbell Stadium Improvements
44
Interdisciplinary Research &
Commercialization Building (IRCB)
Completion Date: 2018 (if funds are received this session)
GSF: 125,000
Total Cost: $85,000,000 (including equipment)
Fund Source: University Funds/FCO
Project Information:
This new facility will house interdisciplinary teams by creating a collaborative environment to
conduct research and to develop commercialization opportunities to bring products to market.
Spaces to be constructed are research labs, imaging/characterization labs, clean room facilities,
collaboration spaces, administrative spaces, and building support functions. Researchers in the
disciplines of biomedical engineering, chemistry, chemical engineering, condensed matter physics,
and device prototyping will be accommodated.
Consultants:
Architect – Wilson Architects, Boston, MA
Contractor – Whiting-Turner, Tampa, FL
45
Interdisciplinary Research &
Commercialization Building (IRCB)
46
Interdisciplinary Research &
Commercialization Building (IRCB)
47
Ringling Campus – Asian Art Study Center
Substantial Completion Date: 6/26/2015
GSF: 30,000
Total Cost: $9,850,000
Fund Source: University Funds
Project Information:
The project consists of new and renovated gallery, exhibition, educational,
administrative and support space to display and accommodate Ringling’s various
art collections.
Consultants:
Architects – Machado & Silvetti Architects, Boston, MA
Contractor – Willis A. Smith Construction, Sarasota, FL
48
Ringling Campus –Asian Art Study Center
49
Asian Art Study Center
50
Asian Art Study Center
51
Asian Art Study Center
52
College of Business
Substantial Completion Date: 6/15/2019 (pending receipt of funds)
GSF: 220,000
Total Cost: $83,000,000
Fund Source: University Funds/FCO
Project Information:
The project consists of a new College of Business to be constructed on the O’Connell
Property, just south of the Civic Center. The nearly 220,000 GSF facility will include
Academic, Institute, and Center spaces, as well as event and administrative spaces.
Consultants:
Architects – TBD
Contractor – TBD
53
College of Business
54
College of Business
55
Strozier Library Improvements
Substantial Completion Date: 8/31/2016
GSF: 125,000
Total Cost: $3,500,000
Fund Source: FCO/University Funds
Project Information:
The project consists of many improvements to the upper
floors at Strozier Library. New furnishings, carpet, paint,
ceilings/lighting, and mechanical improvements are planned.
Construction is expected to start in December and will be
phased to keep the library operational. All work is expected
to be complete by August 2016.
56
Strozier Library Improvements
57
Deans and Chairs
October 13, 2015
Kyle Clark
Vice President for Finance and Administration
58