FY2012-13 Budget Documents

Executive SummaryApproval of Tuition & Fees ScheduleRecurring Reduction Implementation Plan

NarrativesRevenue SummaryExpenditure SummariesCapital Budget

FY13 Estimated Cost of Attendance

Maximum Tuition and Fees Parameter 5% Set by CPE

CPE Approves Tuition and Fees June 21

FY2012 FY2013 % ChangeTuition & Fees 8,084 8,472 4.8%Meals 3,150 3,150 0.0%Room 4,120 4,240 2.9%Books 1,000 1,000 0.0%Total 16,354 16,862 3.1%

2012-13 Operating Budget2012-13 Budget

Dollar Increase Pct Increase

Total Budget $388,597,000 $3,550,000 .9%

Total E&G 364,413,000 4,420,000 1.2%

Unrestricted E&G 294,853,000 6,761,000 2.3%

Restricted E&G 69,560,000 (2,341,000) (3.3%)

Total Auxiliary 24,184,000 (870,000) (3.5%)

Self Generated$49.7 (12.8%)

Designated State Funding

$2.8 (0.7%)Restricted Funds

$69.6 (17.9%)

Auxiliary En-terprises

$24.2 (6.2%)

State Appropri-ation, Operating

$69.6 (17.9%)

Tuition & Fees$172.7 (44.5%)

Projected Revenue by Source(In Millions)

From Every Revenue Dollar ReceivedOnly 18 cents comes from

State Appropriations44 cents comes from Tuition and Fees

$77,377,300 4,952,100 $72,425,200

Changes in State Appropriation

FY 2012State

Appropriation

Reduction inState

Appropriation

FY 2013State

Appropriation

• Budget Reduction Plan by Division

How to Balance the Budget?

Revenues

Expenditures

Unavoidable Cost andCommitment Allocations

Total$8,287,00

0

Personnel$4,381,00

0

Operating$3,906,00

0

Fixed Cost Increases

Library Books and Subscriptions

$160,000 M&O/Utilities CostsNew Buildings

175,000

Contractual Obligations 492,000 Student Financial Assistance

2,417,000

Faculty Promotions 250,000 Fuel Costs, Police Dept. & Shuttle Buses

105,000

Retirement Systems Rate Increases

845,000 Other Costs 135,000

Total $4,579,000

Strategic Commitments2% Salary Increase $2,100,000 Nursing Growth 834,000

International Legal Affairs Specialist

62,000 Other Academic Programs 95,000

Owensboro Campus Staffing

125,000 Restricted Tuition Programs (Student Technology, Health Services, SGA/Programs)

(40,000)

IT personnel for Library Services

159,000 DELO Distribution 87,000

Minority Fac. Hiring Plan 105,000 Summer School (135,000)

IT Critical Needs Lease 316,000 Total $3,708,000

Unrestricted E&G Budgeted Expenditures“By the Dollar”

58¢ Personnel 24¢ Operating

3¢ Utilities 1¢ Capital Outlay

10¢ Student Aid

4¢ Debt Service

By Major Classification

Unrestricted E&G Budgeted Expenditures“By the Dollar”

1¢ Development & Alumni Relations

2¢ Finance & Administration

5¢ Information Technology

1¢ Public Affairs

2¢ Research3¢ Student Affairs

By Organizational Area

11¢ Campus Serv. & Facilities8¢ Other

7¢ Athletics

60¢ Academic Affairs

Capital BudgetGeneral Assembly did not authorize state or agency bonds for

FY12-14 biennium.WKU funds authorization received for capital projects subject

to availability of funds.Annual capital leases approximately $1.4M.

Capital SummaryState Bonds $0Agency Bonds DUC 50,000,000 Music Hall Practice Fac/Fine Arts 8,198,000Restricted Funds 46,491,750Federal Funds 831,250 Total $105,521,000

“Education is the most powerful weapon which you can use to change the world”

--Nelson Mandela