FY 2016 FINAL OPE RATING BUDGE T PRE SE NTATION OCTOBE R 2015
FY 2016 OPE RATING BUDGE T PARAME TE RS Student fees approved in May • Flat fees for West Lafayette campus and Purdue Polytechnic Statewide • Modest increases at the regional campuses FY 2016 Operating Appropriations Increases • WL: (1.1%), PUC: 0.7%, PNC: 1.4%, IPFW: 0.7% Merit Increase Salary Policy • Salary increases: WL: 3.0-3.5%, PUC: 2.0%, PNC: 1.5%, IPFW: 1.5% • Nonrecurring salary adjustments: PUC/PNC: $1,500, IPFW: $1,000 Increases in Supplies and Expense Budgets • WL: 1.0%, PUC: 1.5%, PNC: 1.5%, IPFW: 0.0% NEW for FY 2016: • More realistic and detailed budgeting • Transitioning from a fund-based presentation to general ledger revenue and expense categories; more income statement-like • Transitioning to detailed S&E budgets • Adding value to budget vs actual reporting 2
TOTAL SYSTE M FY 2016 ALL F FUN UNDS RE VE NU NUE B BUDGE T ( (IN N THO HOUSANDS) Purdue Purdue Indiana- Purdue West University North Purdue Fort University Lafayette Calumet Central Wayne Total Revenues Student Fees $ 714,397 $ 62,930 $ 21,320 $ 72,315 $ 870,961 State Appropriations 294,291 29,629 16,476 47,257 387,654 Grants and Contracts 270,746 4,466 722 2,899 278,834 Service and Retail Income 160,806 4,392 1,030 3,648 169,877 Room and Board 106,943 3,842 340 5,042 116,167 Recovery and Transfers 87,801 4,310 1,209 11,072 104,392 Recreational and Sports Income 83,217 297 25 1,357 84,895 State and Federal Student Aid 80,244 16,735 9,882 33,109 139,971 Other Income 79,629 2,079 413 8,833 90,954 Investment, Endowment, and Interest 79,468 2,464 918 2,726 85,575 Facilities and Administrative Recovery 59,200 750 60 211 60,221 Gift Income 36,318 863 271 1,533 38,986 Total Revenues $ 2,053,061 $ 132,758 $ 52,666 $ 190,003 $ 2,428,487 3
TOTAL SYSTE M FY 2016 ALL F FUN UNDS E XPE XPE ND NDITURE B BUDGE T ( (IN N THO HOUSAN ANDS) Purdue Purdue Indiana- Purdue West University North Purdue Fort University Lafayette Calumet Central Wayne Total Expenditures (BY TYPE) Salary and Wages $ 793,051 $ 51,839 $ 21,524 $ 60,994 $ 927,409 Fringe Benefits 241,412 17,848 7,272 20,826 287,357 $ $ $ $ $ Total Compensation 1,034,463 69,687 28,796 81,820 1,214,766 Supplies and Services 619,459 30,275 9,134 48,551 707,419 Student Aid 192,313 22,183 10,749 39,017 264,262 Debt Service 71,218 4,999 2,127 10,872 89,217 Fee Remissions 67,221 1,619 208 5,482 74,530 Fuel and Utilities 36,358 3,293 1,444 3,840 44,935 Repair and Rehabilitation 32,029 702 208 420 33,358 Total Expenditures $ 2,053,061 $ 132,758 $ 52,666 $ 190,003 $ 2,428,487 Expenditures ( BY FUNCTION) Colleges $ 967,641 $ 35,023 $ 11,185 $ 62,364 $ 1,076,213 Student Support 346,838 27,477 12,355 48,163 434,833 Academic Support Areas 202,026 23,565 9,669 10,311 245,571 Total Academic Areas & Student Support $ 1,516,506 $ 86,064 $ 33,209 $ 120,838 $ 1,756,617 Administrative/Infrastructure 331,220 35,466 15,248 45,877 427,811 Debt Service 71,218 4,999 2,127 10,872 89,217 Athletics 65,730 2,233 430 8,156 76,549 Fuel and Utilities 36,358 3,293 1,444 3,840 44,935 Repair and Rehabilitation 32,029 702 208 420 33,358 Total Expenditures $ 2,053,061 $ 132,758 $ 52,666 $ 190,003 $ 2,428,487 4
TOTAL SYSTE M FY 2016 5 YE AR B BUD UDGE T H HISTO TORY ( (ALL F FUN UNDS) Total System (IN THOUSANDS) $1,279,504 $1,244,850 $1,239,258 $1,219,544 $1,161,934 563,238 517,871 509,150 512,006 491,964 321,483 333,736 322,248 325,451 310,305 253,928 264,262 252,294 242,009 243,662 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 Total General Total Restricted Total Auxiliary Enterprises Total Student Aid 5
COMPARISON OF TUITION AND FE E S BIG T TE N PU N PUBLIC UNI NIVE RSITIE S Undergraduate ACA CADE MIC Y C YE AR 201 015-201 016 Resident Nonresident Tuition & Rank by 1-Year Tuition & Rank by 1-Year Fees Cost Change Fees Cost Change University University of Iowa $8,104 1 0.3% $27,890 4 1.8% University of Nebraska-Lincoln $8,279 2 2.6% $22,446 2 2.1% University of Maryland $9,996 3 6.0% $31,144 9 4.8% Purdue University $10,002 4 0.0% $28,804 5 0.0% Ohio State University $10,037 5 0.0% $27,365 3 3.1% University of Wisconsin-Madison $10,416 6 0.1% $29,665 7 11.3% Indiana University $10,497 7 0.5% $33,740 11 1.3% Michigan State University $13,560 8 2.7% $36,360 12 4.0% University of Minnesota $13,790 9 1.7% $22,210 1 6.7% University of Michigan $13,856 10 2.7% $43,476 13 3.7% Rutgers, State University of New Jersey $14,131 11 2.3% $29,521 6 3.3% University of Illinois $15,626 12 0.2% $30,786 8 1.8% Penn State University $17,514 13 0.1% $31,346 10 2.9% Mean (excluding Purdue) $12,150 1.6% $30,496 3.9% Purdue index to mean 0.82 0.94 AAU Mean (excluding Purdue) $11,754 2.2% $31,975 4.3% Purdue index to AAU mean 0.85 0.90 Note: Institutions are ranked from Lowest to Highest Rate 6
RE GIONAL CAMPUSE S PE E R COMPARISONS RE SIDE NT U UND NDE RGRADUATE T TUITION AND N AND FE E RATE R S ACA CADE MIC Y C YE AR 201 015-201 016 PUC – Ranked 5 th among 11 peers. (83 percent of mean) PNC – Ranked 7 th among 11 peers. (98 percent of mean) IPFW – Ranked 8 th among 12 peers. (105 percent of mean) Note: Schools are ranked from Lowest to Highest Rate 7
FY 2016 FINAL OPE RATING BUDGE T PRE SE NTATION OCTOBE R 2015
Recommend
More recommend
