all funds operating budget fy2019colleges net of assessments using the rcm distribution model. the...

Institutional Budget Document

ALL FUNDS OPERATING BUDGET

FY2019


Table of Contents Introduction ............................................................................................................................................................ 3

Budget Highlights .................................................................................................................................................... 4

General Fund Changes .................................................................................................................................... 4

Base Tuition Rate Increase % .......................................................................................................................... 4

Mandatory Fees Increase ................................................................................................................................ 4

Enrollments ..................................................................................................................................................... 5

Utilities ............................................................................................................................................................ 5

Leases .............................................................................................................................................................. 5

ASC Rate .......................................................................................................................................................... 5

Facilities and Administrative Cost Recovery ................................................................................................... 6

Responsibility Centered Management (RCM) ................................................................................................ 6

Organizational Changes .................................................................................................................................. 7

Financial Aid .................................................................................................................................................... 7

Appendix 1-1: All Funds Operating Budget FY2019 ................................................................................................ 9

Appendix 1-2: All Funds Operating Budget FY2018 vs. FY2019 ............................................................................ 10

Appendix 2: Permanent Allocated Funding Report (1 of 2) ................................................................................. 11

Appendix 2: Permanent Allocated Funding Report (2 of 2) ................................................................................. 11

Appendix 3: Spending Authority ........................................................................................................................... 13

Appendix 4: Gross Tuition and Fees Detail ........................................................................................................... 14

Appendix 5: Auxiliary Report (1 of 3) .................................................................................................................... 15



Appendix 6: Capital Development Plan (1 of 3) .................................................................................................... 18



Appendix 7: Financial Status ................................................................................................................................. 21


Introduction The University of Arizona’s FY2019 budget is a reflection of its strategic plan to improve rankings and enrollments through external engagement, brand management, student experience, research and a renewed focus on Health Sciences. After last year’s $1.8 million increase in State General Fund appropriation, the University of Arizona will receive an $8.6 million increase in FY2019 to help fulfill its operational and educational needs. Key features of the proposed FY2019 All Funds Operating Budget include: Sources:

• $8.6 million increase in General Fund appropriations • 2% increase in both non-guaranteed and guaranteed tuition • Projected 905 enrollment growth in FY2019 • Increase in other sources primarily due to continued increase in grants and contracts

Uses: • $34.8 million increase in Instruction, $18.5 million increase in Research, and $16 million increase in Student

Support • $35.8 million decrease in Academic Support

With these key features in place, the FY2019 budget of $2.643 billion represents a $56.7 million or 2% increase over the FY2018 budget. The Educational and General portion of the budget is $1.271 billion and represents a $20.8 million or 1.7% increase over FY2018. The sources and uses associated with the $56.7 million increase in the budget are highlighted in the table below.

Proposed Increase in Sources and Uses:Change

FY'18 vs. FY'19(In Millions)

Sources:1. General Fund 8.6$ 2. Tuition & Student Fees 38.6$ 3. Other 9.5$ Total Sources 56.7$

Uses:5. Compensation and Benefits (6.5)$ 6. Professional & Outside Services 2.1$ 7. Travel, Library Acquisitions & Other Operation Expenses 34.9$ 8. Capital Equipment, Land & Building (3.1)$ 9. Utilities (0.6)$ 10. Financial Aid (Scholarship & Fellowship) 17.1$ 11. Plant & Facilities Renovations 0.7$ 12. Debt Service 5.2$ 13. Administrative Service Charge 0.6$ 14. Indirect Cost Recovery 6.2$ Total Uses 56.7$


Budget Highlights

General Fund Changes The table below explains general fund changes from FY18 to FY19:

FY18 General Fund $ 269,038,600 Remove Health Insurance Trust Fund Adjustment (2,102,100) Remove One-Time Adjustment (4,157,700) Research Infrastructure 1,700 Capital Investment 10,551,700 Add One-Time Adjustment 2,164,800 Freedom Center 1,000,000 Statewide Adjustments 1,071,300 FY19 General Fund $277,568,300

Base Tuition Rate Increase % FY19 represents a general 2% tuition increase for Undergraduate and Graduate students (both Resident and Non-Resident), 5% increase for College of Medicine Resident students and 3% increase for College of Medicine Non-Resident students.

FY18 FY19 Increase % Undergraduate-Resident $10,262 $10,467 $205 2% Undergraduate-Resident (UA South) $8,380 $8,548 $168 2% Undergraduate-Resident Guaranteed Tuition $10,860 $11,077 $217 2% Undergraduate-Non-Resident $31,067 $31,688 $621 2% Undergraduate-Non-Resident Guaranteed Tuition $34,290 $34,976 $686 2% Graduate-Resident $11,486 $11,716 $230 2% Graduate-Non-Resident $31,436 $32,065 $629 2% College of Medicine-Resident $30,190 $31,652 $1,462 5% College of Medicine-Non-Resident $52,602 $54,180 $1,578 3%

Mandatory Fees Increase FY19 did not see increases to Mandatory student fees.


Enrollments Below is a history of enrollment for the past four years, FY19 Enrollment Growth projected for FY19 Budget Submission, and FY19 Total Projected Enrollment:

FTE FY13 FY14 FY15 FY16 FY17 FY18 FY19 Proj Change

FY19 Proj Total

Grad Non-Resident 3,718 3,627 3,821 3,795 3,855 3,920 5 3,925 Grad Resident 3,670 3,883 3,908 4,069 4,053 4,039 5 4,044 Undergrad Non-Resident 10,277 10,445 11,551 12,321 12,566 12,498 310 12,808 Undergrad Resident 21,949 22,117 22,351 22,379 22,275 22,931 585 23,516 College of Med-MD 700 719 757 759 821 817 0 817 Total 40,314 40,791 42,388 43,323 43,570 44,205 905 45,110

Utilities Utilities budget funded from Educational & General sources increased 2% from $35.05M to $35.65M in FY19. Leases No change in FY19 base budget from FY18. ASC Rate The purpose of the Administrative Service Charge (ASC) is to recover overhead costs incurred by the institution on behalf of accounts which are not directly funded by either state appropriations or sponsored grants and contracts. There are currently two components of the Administrative Service Charge (ASC). The first component is the ASC assessed at 9.5%; this rate is charged on external revenues on accounts that fall within the Auxiliary and Designated fund groups. Only revenues from external sources are used to calculate the ASC. The following revenues (identified as internal by object code used as internal revenues) are excluded: 1. Revenues from interdepartmental billings and gifts. 2. Institutional fees (such as tuition, art fees, indirect cost, and utility pass-through charges). The second component of the ASC is an assessment of 1.0% on operational expenditures (excluding student aid, cost of goods sold – including animal and feed, the ASC revenue component – Object Code 7955, and transfers) on all auxiliary and designated funds unless protected, for example, institutionally mandated accounts, service centers, mission support agreements, and allocated designated funds. Splitting the ASC rate into a revenue and expenditure component broadens the base of funds, provides greater flexibility in recovering funds across a fiscal period instead of all at once, balances out recovery mechanisms between auxiliary units that have greater rate variability, and encourages strategic investments and savings.

The revenues generated from the Administrative Service Charge (ASC) are used specifically to support overhead costs (activities on campus which benefit the entire institution, but which are not easily assignable to any one unit, for example, utilities, payroll and procurement processing). ASC revenue is projected at $26M for FY19.


History of ASC rates:

ASC Rate - Revenue

ASC Rate - Expenditure

FY08/09 8.00% FY09/10 9.00% FY10/11 9.00% FY11/12 9.00% FY12/13 9.00% FY13/14 9.00% FY14/15 9.00% FY15/16 9.50% 1.00% FY16/17 9.50% 1.00% FY17/18 9.50% 1.00% FY18/19 9.50% 1.00%

Facilities and Administrative Cost Recovery The university receives reimbursement for facilities and administrative costs, or indirect costs, associated with external research. A portion of this reimbursement is returned to the colleges to support research activities that cannot be directly charged to Grants. Rates Charged to Grants & Contracts: The indirect cost rate varies depending upon type and location of the research activity. Current FY19 on-campus rate is 53.5% and off-campus rate is 26%. These rates, which are approved in the Colleges and Universities Rate Agreement, are generally for use on grants, contracts and other agreements with the Federal Government. Indirect Cost Revenue Distribution to the University and the Colleges: Indirect Cost Allocation was historically 75% to the university and 25% to the colleges through FY15. Beginning in FY16 with the implementation of RCM, incremental changes in total Indirect Cost revenues are attributed and allocated to colleges net of assessments using the RCM distribution model. The Facilities & Administrative Perm Base Recovery projections remained at $84M for FY19. Responsibility Centered Management (RCM) In FY16, the University adopted an RCM framework for allocating incremental budget. Allocations for the FY19 budget were based upon the level of activity change incurred by responsibility center units for the prior fiscal year (i.e., the change in activity from FY17 to FY18). Revenues allocated through the RCM framework are base undergraduate & graduate tuition, program fees, differential tuition, and facility & administrative cost recovery from grants. These incremental revenues are allocated net of Regents Set Aside and other institutional financial aid and assessments for institutional & support center costs, strategic investment and facilities space use. A decrease of $6.2M was allocated in the FY19 budget. Of this total amount, colleges received a positive allocation of $1.7M while institutional & support center allocations decreased by $7.9M. The FY19 allocations were based upon the following model elements:


• Undergraduate Tuition Allocation – 75% based upon weighted student credit hours (SCH), 25% based upon

student major/college of enrollment • Graduate Tuition Allocation – 75% based upon student major/college of enrollment, 25% based upon student

credit hours • Program Fees & Differential Tuition – 100% allocated to the college that owns the fee or differential tuition • Facilities & Administration (F&A) Cost Recovery from Grants – 100% to the college associated with the grant

award • Institutional & Support Center Expense Recovery – 30.96% of undergraduate tuition and 12.38% of graduate

tuition revenue, program fees, differential tuition and F&A cost recovery revenues • Strategic Investment Rate– 2.00% • Facilities Rate – $25.19 per net assignable square foot (NASF)

Organizational Changes New Organizations were created for Marketing and Communications, Title IX, Compliance, Sustainability, Office of Strategic Initiatives, Phoenix Biomedical Campus Facilities and Planning, and Presidential Events and Ceremonies. Name changes included those for Global Initiatives to UA Global, Accounting to School of Accountancy, Budget Office to Office of Budget and Planning. Tech Parks, Student Unions, and Bookstores were moved under Business Affairs and University Analytics and Institutional Research under University Information & Technology Services. Financial Aid ABOR Policy 4-321 states that the Regents set aside for financial aid for each university shall be 14% of the result of multiplying the resident tuition rate for the academic year by the estimated sum of resident full pay equivalents and non-resident full pay equivalents. The Board may consider additional Regents set aside amounts at its discretion. In years FY09 and prior, the university set aside 15%. From FY10 to FY13 the regents required the universities to set aside 17%. Beginning in FY14, per ABOR, the set aside amount is to be calculated on 14% of the margin. Beginning in FY16, Regent’s set aside is no longer being collected on Mandatory Fees. All Funds Operating Budget Appendix 1-1: All Funds Operating Budget FY2019 includes 2019 Operating Budget for All Funds, presented in total sources, total uses by program, and total uses by natural expense category. Appendix 1-2: All Funds Operating Budget FY2018 vs. FY2019 includes All Funds Operating Budget for FY2018, FY2019, and change from FY2018 to FY2019. (Note: These tables include interdepartmental transfers and other budget considerations which are eliminated in financial statements.) Permanent Allocated Funding Base Report FY19 Permanent Allocated Funding Base report including State and Locally Allocated information is listed in Appendix 2: Permanent Allocated Funding Base. Spending Authority FY19 Spending Authority includes State Expenditure Authority for FY2019 Original Budget, FY2018 Revised Budget, and the changes. See Appendix 3: Spending Authority for details. Gross Tuition & Fees Detail The table in Appendix 4: Gross Tuition and Fees Detail lists five-year history (FY2014-FY2018) and one-year estimate (FY2019) of Gross Tuition and Fee Revenues.


Auxiliary Report The tables in Appendix 5: Auxiliary Report (1 of 3), Appendix 5: Auxiliary Report (2 of 3), Appendix 5: Auxiliary Report (3 of 3) list five-year history (FY2014-FY2018) and one-year estimate (FY2019) of Revenues, Expenditures & Net Transfers, and Ending Fund Balance for Auxiliary Enterprise. Capital Development Plan The table in Appendix 6: Capital Development Plan (1 of 3) includes board approval status and other detailed information about new and previously approved capital projects. The table in Appendix 6: Capital Development Plan (2 of 3) includes annual debt service funding sources for new and previously approved capital projects. The table in Appendix 6: Capital Development Plan (3 of 3) includes operational and maintenance funding sources for new and previously approved capital projects. Financial Status The table in Appendix 7: Financial Status includes FY2017-FY2018 actual financial status with FY19, FY22, and FY25 projections.


Appendix 1-1: All Funds Operating Budget FY2019


Appendix 1-2: All Funds Operating Budget FY2018 vs. FY2019

FY2018 FY2019 Change Budget Budget from FY2018

BudgetSources:

General Fund 269.0$ 277.6$ 8.6$ Tuition & Student Fees 930.1$ 968.7$ 38.6$ Other 1,386.9$ 1,396.4$ 9.5$

Total Sources 2,586.0$ 2,642.7$ 56.7$

Uses by Program:Instruction 533.0$ 567.8$ 34.8$ Research 561.7$ 580.2$ 18.5$ Public Service 109.0$ 103.1$ (5.9)$ Academic Support 360.4$ 324.6$ (35.8)$ Student Services 70.3$ 77.3$ 7.0$ Institutional Support 308.7$ 320.3$ 11.6$ Auxiliary 257.4$ 263.6$ 6.2$ Financial Aid (Stud. Sppt) 275.0$ 291.0$ 16.0$ Plant & Facilities Renovations 11.7$ 10.8$ (0.9)$ Debt Service 98.8$ 104.0$ 5.2$

Total Uses by Program 2,586.0$ 2,642.7$ 56.7$

Uses by Expense:Personal Services 1,017.8$ 1,000.5$ (17.3)$ Employee Related Exp. 310.8$ 321.6$ 10.8$ Prof. & Outside Srvc. 182.5$ 184.6$ 2.1$ Travel In-State 3.2$ 3.1$ (0.1)$ Travel Out-of-State 23.6$ 24.6$ 1.0$ Other Oprn. Exp. 463.2$ 497.0$ 33.8$ Library Acquisitions 15.1$ 15.3$ 0.2$ Capital Equip, Land & Bldg 29.2$ 26.1$ (3.1)$ Utilities 66.9$ 66.3$ (0.6)$ Financial Aid (Schlshp & Fllwshp) 264.3$ 281.5$ 17.1$ Plant & Facilities Renovations 10.1$ 10.8$ 0.7$ Debt Service 98.8$ 104.0$ 5.2$ Administrative Svc Chg 22.7$ 23.3$ 0.6$ Indirect Cost Recovery 77.8$ 84.0$ 6.2$

Total Uses by Expense 2,586.0$ 2,642.7$ 56.7$

UNIVERSITY OF ARIZONAProposed All Funds Operating Budget

FY2019(In Millions)


Appendix 2: Permanent Allocated Funding Report (1 of 2)


Appendix 2: Permanent Allocated Funding Report (2 of 2)


Appendix 3: Spending Authority


Appendix 4: Gross Tuition and Fees Detail University of Arizona Gross Tuition and Fees Revenue Detail (in thousands)

FY 2015 Actual

FY 2016 Actual

FY 2017 Actual

FY 2018 Actual

FY 2019 Projected

TUITION On-Campus $597,490 $638,758 $668,613 $664,746 $678,207 NR UG 286,458 322,906 345,205 336,825 346,337 RES UG 199,708 204,459 209,887 215,301 217,180 NR Grad 55,101 55,461 58,366 57,239 59,331 RES Grad 56,223 55,932 55,156 55,382 55,358 TUITION Online N/A $10,616 $29,851 $40,476 $49,915 NR UG N/A 1,062 2,687 5,616 8,241 RES UG N/A 1,043 2,388 4,992 7,325 NR Grad N/A 3,668 12,538 15,114 17,381 RES Grad N/A 4,843 12,239 14,754 16,967 Prog Fees/Diff $36,907 $38,241 $32,904 $34,006 $33,699 UG 12,594 15,798 17,069 17,452 17,231 Grad 24,313 22,443 15,835 16,554 16,468 Course Fees $3,589 $5,976 $5,863 $6,156 $6,086 UG 2,872 4,781 5,394 5,664 5,599 Grad 718 1,195 469 493 487 Ext Ed Fees $16,656 $13,268 $14,018 $16,761 $16,829 Non Degree $5,535 $4,408 $4,393 $4,499 $4,448 Summer and Winter Session $32,187 $35,095 $40,944 $36,875 $36,456 Mandatory Fees $39,168 $40,129 $39,899 $43,916 $45,225 UG 32,117 32,906 33,116 36,450 37,537 Grad 7,051 7,223 6,783 7,466 7,688 Other Misc $17,513 $18,652 $19,325 $21,136 $20,896 Total Tuition & Fees $749,050 $805,144 $855,810 $868,571 $891,763


Appendix 5: Auxiliary Report (1 of 3)

UNIVERSITY - AUXILIARY ENTERPRISE REVENUES FY14 FY15 FY16 FY17 FY18 FY19 EST AUXILIARY ENTERPRISES Bookstore 35,346,900 33,420,300 31,589,000 29,817,600 28,360,800 27,740,900 Campus Recreation 1,958,900 2,107,000 2,161,900 2,200,200 2,246,900 2,114,900 Facilities Management 22,288,900 23,971,600 25,444,500 51,318,500 53,594,000 54,722,300 Intercollegiate Athletics 64,185,100 76,347,200 71,541,600 76,873,700 79,108,400 81,063,700 Parking 20,629,200 21,621,500 18,150,500 19,271,500 19,430,000 18,656,900 Residence Life 47,308,800 49,712,800 50,905,800 52,132,300 51,489,800 53,148,600 Student Health 5,897,300 6,353,100 6,586,500 7,048,600 7,682,500 8,643,900 Student Union 33,822,700 34,603,200 35,816,300 35,949,900 34,910,400 35,064,500 Other Auxiliaries 20,482,600 21,068,300 23,282,600 22,342,600 23,222,500 21,754,300 TOTAL AUXILIARY 251,920,400 269,205,000 265,478,700 296,954,900 300,045,300 302,910,000

*Includes transfers which are eliminated at fiscal year end.



UNIVERSITY - AUXILIARY ENTERPRISE EXPENDITURES AND NET TRANSFERS OUT(IN) FY14 FY15 FY16 FY17 FY18 FY19 EST AUXILIARY ENTERPRISES Bookstore 34,782,400 33,221,900 31,716,000 28,979,600 28,935,900 30,354,000 Campus Recreation 1,665,400 1,764,100 1,789,300 3,286,500 1,953,200 2,111,400 Facilities Management 20,395,900 27,511,000 21,679,700 51,973,200 52,770,400 53,449,800 Intercollegiate Athletics 60,329,400 72,593,200 74,066,200 77,653,900 89,344,800 74,860,700 Parking 20,614,300 21,477,000 18,347,100 17,767,100 19,631,800 19,224,400 Residence Life 47,848,000 49,452,300 50,915,000 52,395,800 42,504,600 53,165,100 Student Health 6,011,300 5,814,000 6,546,400 7,293,100 7,345,800 8,713,000 Student Union 33,430,700 34,660,100 35,199,300 35,267,500 34,856,600 35,510,700 Other Auxiliaries 22,267,700 21,376,600 22,666,000 20,855,400 22,622,000 22,025,100 TOTAL AUXILIARY 247,345,100 267,870,200 262,925,000 295,472,100 300,058,800 299,414,200

*Includes transfers which are eliminated at fiscal year end.



UNIVERSITY - AUXILIARY ENTERPRISE ENDING FUND BALANCE FY14 FY15 FY16 FY17 FY18 FY19 EST AUXILIARY ENTERPRISES Bookstore 10,814,200 11,012,500 11,491,600 12,329,600 11,754,500 9,141,400 Campus Recreation 581,300 924,200 1,296,700 210,400 504,100 507,600 Facilities Management 7,199,700 3,660,300 7,425,100 6,770,400 7,594,000 8,866,500 Intercollegiate Athletics 5,197,100 8,951,100 6,426,500 5,646,300 (4,590,100) 1,612,900 Parking 335,900 480,400 283,700 1,788,100 1,586,300 1,018,800 Residence Life 508,400 768,900 759,700 496,200 9,481,400 9,464,900 Student Health 1,021,800 1,560,900 1,601,100 1,356,600 1,693,300 1,624,200 Student Union 659,400 602,300 1,154,800 1,837,200 1,891,000 1,444,800 Other Auxiliaries 2,445,500 2,137,500 2,212,500 3,699,700 4,206,500 3,935,700 TOTAL AUXILIARY 28,763,300 30,098,100 32,651,700 34,134,500 34,121,000 37,616,800

Fund balances in auxiliary enterprises enable the university to develop sufficient resources *Includes transfers which are required for emergency maintenance, replacement equipment, library acquisitions, IT eliminated at fiscal year end.

upgrades and debt service payments.


Appendix 6: Capital Development Plan (1 of 3)

THE UNIVERSITY OF ARIZONA FY 2019 CAPITAL DEVELOPMENT PLAN

UNIVERSITY OF ARIZONA CAPITAL DEVELOPMENT PLAN

Board Approval

Status

Gross Square Footage

Project Cost Amount

Financed Funding Method

Annual Debt Service

Final Maturity Debt

Ratio

New Capital Projects

Applied Research Building CIP FY 2020-2022 60,000 GSF $50,000,000 $50,000,000 System Revenue Bonds $3,500,000 June 2043 .15

Grand Challenges Research Building CIP FY 2020-2022 170,000 GSF $150,000,000 $150,000,000 System Revenue

Bonds $11,100,000 June 2043 .46

Campus Deferred Maintenance 2019

CIP FY 2020-2022

N/A

$21,000,000

NA

State Capital Infra Approps and

University Local Funds

N/A

N/A

N/A

Phoenix Biomedical Sciences Partnership Building 3rd & 4th Floor Finish Shell Space

CIP FY 2020-2022

46,100 GSF

$34,000,000

$34,000,000

System Revenue Bonds and SPEED Revenue Bonds

$2,600,000

June 2044

.06

New Capital Projects Total $255,000,000 $234,000,000 $17,200,000

Previously Approved Projects

Student Success District (Revised)

CIP FY 2017-2019 CIP FY 2018-2020

CDP June 2017

SSD: 60,000 GSF BDG: 60,000 GSF (reno) Main Library: 56,000 GSF

(reno); Science Library

19,000 GSF (reno)

$81,000,000

$64,700,000

System Revenue Bonds

$4,400,000

June 2045

.18

Campus Research Infrastructure (Revised)

CDP June 2017

N/A

$16,000,000

$16,000,000 System Revenue Bonds and SPEED Revenue Bonds

$1,300,000

June 2040

.05

Previously Approved Projects Total

$97,000,000 $80,700,000

$5,700,000

Total

$352,000,000 $314,700,000

$22,900,000




CAPITAL DEVELOPMENT PLAN – ANNUAL DEBT SERVICE BY FUNDING SOURCE

Project AMOUNT

FINANCED

TUI

SFE

ICR

OLF

SCI

SLP

OTH

TOTAL ANNUAL

DEBT SERVICE New Capital Projects

Applied Research Building $50,000,000 $1,750,000 $1,750,000 $3,500,000

Grand Challenges Research Building $150,000,000 $5,550,000 $5,550,000 $11,100,000

Campus Deferred Maintenance 2019 N/A

Phoenix Biomedical Sciences Building – 3rd & 4th Floor Build- Out

$34,000,000

$862,500

$950,000 $787,500

(1)

$2,600,000

New Capital Project Total $234,000,000 $8,162,500 $7,300,000 $950,000 $787,500 $17,200,000


Student Success District (Revised)

$64,700,000

$3,550,000

$850,000

$4,400,000

Campus Research Infrastructure (Revised)

$16,000,000

$1,225,000

$75,000

$1,300,000

Previously Approved Project Total $80,700,000 $1,225,000 $3,550,000

$850,000

$75,000

$5,700,000

TOTAL $314,700,000 $1,225,000 $$3,550,000 $9,012,500 $7,300,000 $1,025,000 $787,500 $22,900,000

Debt Service Funding Source Codes (TUI) Tuition (SFE) Student Fees (ICR) Indirect Cost Recovery (OLF) Other Local Funds (SCI) State Capital Infrastructure Appropriations HB2547 (SLP) State Lotter Allocation Proceeds (OTH) Other (1) The (OTH) for BSPB is space rental income




CAPITAL DEVELOPMENT PLAN - OPERATION AND MAINTENANCE BY FUNDING SOURCE

Project

TOTAL ANNUAL

O&M

TUI

SFE

ICR

OLF

GFA

FGT

DFG

OTH

New Capital Project

Applied Research Building $518,400 $518,400

Grand Challenges Research Building $1,529,120

$1,529,120

Campus Deferred Maintenance 2019 N/A

Phoenix Biomedical Sciences Building – 3rd & 4th Floor Build-Out $416,000

$208,000 (1)

$208,000 (1)

New Capital Project Total $2,463,520 $2,255,520 $208,000


Student Success District (Revised) $478,400

$478,400

Campus Research Infrastructure (Revised) N/A

Previously Approved Project Total $478,400 $478,400

TOTAL $2,941,920 $478,400 $2,255,520 $208,000

Operation and Maintenance Funding Source Codes (TUI) Tuition (SFE) Student Fees (ICR) Indirect Cost Recovery (OLF) Other Local Funds (GFA) General Fund Appropriations (FGT) Federal Grant (DFG) Debt Financed by Gifts (OTH) Other (1) The (OTH) for BSPB is space rental income


Appendix 7: Financial Status

*Source: ABOR Operational Financial Review

University of ArizonaUNIVERSITY OPERATING BUDGETFY 2017-FY2018 ACTUALS WITH PROJECTIONS($ thousands)

FY 2017 ACTUAL

FY 2018 ACTUAL

FY 2019 OPERATING

BUDGET

FY 2022 OPERATING

BUDGET

FY 2025 OPERATING

BUDGETRevenues State General Fund Appropriation 253,146$ 254,789$ 252,931$ 299,300$ 327,000$ State Appropriation-Research Infrastructure 13,978 14,249 14,251 14,830 15,740 State Appropriation-Capital Infrastructure - - 10,552 10,980 11,650

Tuition and Fees 854,294 867,563 890,727 977,775 1,124,871 less Scholarship Allowance (200,568) (214,043) (234,061) (278,453) (313,576) Net Tuition and Fees 653,726 653,519 656,666 699,323 811,295

Grants and Contracts 674,321$ 680,930$ 690,100$ 821,920$ 978,920$ Financial Aid Grants (Primarily Pell Grants) 49,990 53,476 54,400 59,444 64,956 Private Gifts 80,060 81,746 82,220 84,711 87,278 Technology & Research Initiative Fund (TRIF) 27,618 28,763 29,000 32,900 35,900 Auxiliary Revenues, Net 210,496 205,468 219,900 236,800 251,200 Other Revenues 146,452 150,091 147,000 156,000 165,500 Total Revenues 2,109,787$ 2,123,031$ 2,157,020$ 2,416,208$ 2,749,440$

Expenses Salaries and Wages 915,309$ 984,045$ 972,523$ 1,092,000$ 1,251,500$ Benefits 314,631 299,028 334,226 371,300 425,500 All Other Operating 482,529 530,930 518,760 585,300 670,800 Scholarships & Fellowships, Net of Scholarship 57,656 57,836 70,181 71,400 85,500 Depreciation 132,727 135,565 136,300 140,900 150,100 Interest on Indebtedness 51,253 53,275 67,400 72,200 71,000 Total Expenses 1,954,103$ 2,060,677$ 2,099,390$ 2,333,100$ 2,654,400$

Net Increase (Decrease) 155,683$ 62,354$ 57,630$ 83,108$ 95,040$

ACTUAL PROJECTED

all funds operating budget fy2019colleges net of assessments using the rcm distribution model. the...

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