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University of Colorado at Boulder

New Regent OrientationUniversity of Colorado at Boulder

March 11, 2009

New Regent OrientationUniversity of Colorado at Boulder

March 11, 2009

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University of Colorado at Boulder

Restricted funds are gifts, grants & contracts, and non-institutional financial aid

Auxiliaries include Housing, Bookstore, Continuing Education, UCSU cost centers and other self-funded departments

The campus operating budget, the General Fund, is primarily State funding, ICR, and 80% of total tuition and fees

Tuition and fees is largest revenue category

FY 2009 Initial BudgetFY2009 Current Fund Revenues

$1.0B

Other1%

ICR5%

Auxiliary, Sales &

Services17%

Gifts, Grants & Contracts

27%

Tuition & Fees42%

State Funding

(COF, FFS)8%

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University of Colorado at Boulder

FY2009 BudgetFY2009 Budget

Restricted fund - $280 million (27%) Auxiliary fund - $240 million (23%) General Fund - $500 million (50%) Total estimated current funds $1.02 billion

0% 20% 40% 60% 80% 100%

FY2009Restricted

Auxiliary

Genl Fund

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University of Colorado at Boulder

General Fund$500 million

General Fund$500 million

Tuition $358 million (71%)

State funding $86.3 million (17%)

ICR $41 million (9%) Fees and Other $15.8

million (3%)

FY2009 GF Revenue

0

50

100

150

200

250

Nonre

s tuit

Res tu

it

State

ICR

Other

Rev Category

In m

illio

ns

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University of Colorado at Boulder

Tuition/fee and State-funding Revenues per All-Student FTE, FY07, US Public AAU's

Tuition/fee and State-funding Revenues per All-Student FTE, FY07, US Public AAU's

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

State funding Tuition & fees Source: IPEDS Finance

Average, all w/o CU-Boulder, $19.2K

Avg non-medical, $17.8K

CU-Boulder $13.8K = 72% of overall average, 78% of non-medical average

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University of Colorado at Boulder

State Funding and Tuition Rate per in-State Student FTE, FY09, Reporting AAU PublicsState Funding and Tuition Rate per in-State Student FTE, FY09, Reporting AAU Publics

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University of Colorado at Boulder

Expense Components FY07Expense Components FY07

$

$2

$4

$6

$8

$10

$12

Instruction Acadsupport

Instsupport

Studentservices

Other w/oresearch

UCB as percentage of peer average per StuFTE

Instruction 80% Ac support 70% Inst support 50% Stu services 61%

Thousands

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University of Colorado at Boulder

Tuition Rates – UCB as Pct AAU Public AvgTuition Rates – UCB as Pct AAU Public Avg

40%

60%

80%

100%

120%

140%

160%

1991 1993 1995 1997 1999 2001 2003 2005 2007 2009

L:\IR\aaude\tui\AAUTuition.xls

Resident Undergraduate

Nonresident Undergraduate

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University of Colorado at Boulder

COA

Academic Year

AY 2009

Full-Time

Non-Resident

(Incoming)

AY 2009

Full-Time

Resident

Tuition $25,400 $5,922

Fees 1,356 1,356

Room and Board

9,860 9,860

Other 6,743 6,123

Total $43,359 $23,261

Typical Cost of Attendance Example for an academic year full-time, undergraduate Arts and Sciences student

Typical Cost of Attendance Example for an academic year full-time, undergraduate Arts and Sciences student

Note: The resident tuition line only represents the students share and does not include the COF stipend. “Other” is based on estimates established by CCHE

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University of Colorado at Boulder

Grant aid excluding State and federal as % of FY tuition revenue

Grant aid excluding State and federal as % of FY tuition revenue

0%

5%

10%

15%

20%

25%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Non-resident undergraduates

Resident undergraduates

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University of Colorado at Boulder

Boulder Campus Fall HeadcountsBy residency -- includes non-degree students

Fall 81 Fall 08 Change Residents 14,923 20,038 5,115 34% Non-Res 7,326 10,096 2,770 38% Total 22,249 30,134 7,885 35%

New frosh 3,300 5,833 2,533 77%

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University of Colorado at Boulder

Research Awards by Funding Agency

Research Awards by Funding Agency

FY2008 Awards - $280 million

15%

20%

17%6%14%

14%

14%DHHS

NASA

NSF

Other Univ

Dept Commerce

Other Fed

Other Non Fed

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University of Colorado at Boulder

Restricted FundRestricted Fund

Research activity steady Expenditures steady FY06 to FY08 around $260M

Gifts 2nd largest component in restricted fund

Approximately $45M annually

Other restricted fund activity Pell and work study federal funding $14M annually

DHE financial aid $8M FY09

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University of Colorado at Boulder

Sponsored Research 1968-2007Sponsored Research 1968-2007

50

100

150

200

250

300

1968 1973 1978 1983 1988 1993 1998 2003-

500

1,000

1,500

2,000

2,500

Millions of dollars

N of awards (right axis)

Dollar amount of awards

Expenditures

FY07 expenditures projected

(Black square)

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University of Colorado at Boulder

Auxiliary FundAuxiliary Fund Auxiliary fund activities are conducted to provide

services and support for the Boulder campus

Resource management can be “restricted” per bond covenances and Federal Cost Accounting Standards

Auxiliary fund activity approximately $240 million

Auxiliary enterprises are 90% of the auxiliary fund and the largest is Housing $78 million

UCSU $36 million, one of largest student governments

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University of Colorado at Boulder

Local Economic ImpactLocal Economic Impact

Over 30,000 students, 6000 jobs and $475M of payroll

Over $17.00 generated in economy for each dollar of tax support

Over $250M in research grants from external sources

Incubator of numerous start-up companies

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University of Colorado at Boulder

COMMENTS & DISCUSSION