PROPOSED STUDENT FEE RATES AND CONCEPTUAL BUDGET Purdue University - PowerPoint PPT Presentation

FY 2018 PROPOSED STUDENT FEE RATES AND CONCEPTUAL BUDGET Purdue University Board of Trustees May 2017

LEGISLATIVE OUTCOMES FY 2017 Approp FY 2018 Approp $ Change % Change Operating West Lafayette $ 242,087,025 $ 236,233,995 $ (5,853,030) -2.4% Northwest 42,234,228 43,451,403 1,217,175 2.9% Fort Wayne 41,810,093 42,146,858 336,765 0.8% Total Operating $ 326,131,346 $ 321,832,256 $ (4,299,090) -1.3% Line Items Total Existing Line Items 1,2,3 $ 31,248,615 $ 33,369,730 $ 2,121,115 6.8% Purdue Moves (New) - 1,000,000 1,000,000 100.0% Think Summer (New) - 1,500,000 1,500,000 100.0% Total Line Items $ 31,248,615 $ 35,869,730 $ 4,621,115 14.8% 1. FY 18 Ag Extension funding $50,000 less than FY17 due to Non-Recurring appropriation. 2. Excludes dedicated funds (Wine and Grape, and Vet Research) and Dual Credit. 3. Includes Recurring and Non-Recurring request for the Animal Disease Diagnostic Lab. 2017-19 Capital Campus Biennium Project Name Agricultural and Biological Engineering Building Renovation and Addition (Debt) West Lafayette $ 69,000,000 Bioscience Innovation Building (Debt) Northwest 35,100,000 School of Music (Cash) Fort Wayne 1,000,000 Repair and Rehabilitation (Cash) Purdue System Wide 22,502,556 Regional Deferred Maintenance (Cash) Northwest/Fort Wayne 3,500,000 Total Capital $ 131,102,556 2

PROPOSED FEE STRUCTURE West Lafayette Tuition Request • 0.0% each year for resident, nonresident, and international students West Lafayette Proposed New Fees • Data Science Differential Fee • Extend current Computer Science differential to new Data Science major • $1,025 per semester, undergraduate • Honors College Differential Fee • $100 per semester in addition to any other fees • Effective for FY 2019 to “new to campus” students Regional Campuses Tuition Request • 1.4% each year for resident and nonresident students • Establish banded tuition effective for FY 2019 • Current tuition charged per credit hour • Incentivize time to degree by creating a 12-18 credit band 3

FY 2018 BUDGET KEY INPUTS Concept - The following inputs were used to create a preliminary FY 2018 all- funds budget West Lafayette Campus • Student enrollment: increased freshman class to 7,400+ • Merit increase salary policy of 2.5%, with 0.5% contingent on supporting institutional priorities • Medical inflation of 7.0% for CY 2018 • Eliminations were estimated to remove duplication of intercompany activities • Funding allocated for Purdue Moves • Faculty ERIP and Faculty Line Realignment • Impact will be incorporated into final FY 2018 budget Regional Campuses • Enrollment: Flat at PNW and 2.8% decrease at PFW • Merit increase salary policy of 0.0% • Medical inflation of 7.0% for CY 2018 • Eliminations were estimated to remove duplication of intercompany activities • ERIP programs implemented in FY 2017 Next Steps - Units will finalize their budgets based on these inputs and we will present a final budget in the Fall 4

TOTAL SYSTEM FY 2018 ALL FUNDS DS OPERATI ATING NG REVENUE NUE BUDGET GET (IN IN THOUSAND SANDS) S) West Purdue Indiana-Purdue Lafayette Northwest Fort Wayne Purdue Total Revenues $ Student Fees 783,179 77,885 67,360 928,424 Grants and Contracts 390,251 19,516 16,949 426,716 Appropriations 325,843 48,494 49,386 423,723 Service and Retail Income 117,265 4,162 3,264 124,690 Room and Board 116,181 3,765 6,289 126,235 Other Recovery 91,556 9,573 12,644 113,772 Gifts 68,649 875 2,055 71,580 Recreational and Sports Income 84,641 166 1,134 85,940 Endowment Distribution 69,206 1,121 2,648 72,974 PIPC/CMIP Income 32,567 2,013 1,270 35,851 Other Income 5,753 220 2,737 8,709 Total Revenues $ 2,085,091 167,789 165,735 2,418,614 5

TOTAL SYSTEM FY 2018 ALL FUNDS DS OPERATI ATING NG EXPENDITU ITURE RE BUDGET ET BY TYPE E (IN IN THOUSAND SANDS) S) West Purdue Indiana-Purdue Lafayette Northwest Fort Wayne Purdue Total Expenditures Salary and Wages $ 916,227,777 73,281 65,442 1,054,950 Fringe Benefits 281,812,360 22,023 19,633 323,468 Total Compensation $ 1,198,040 95,304 85,075 1,378,419 Supplies and Services 243,885 18,479 12,173 274,537 Student Aid 207,751 30,631 30,909 269,291 Equipment, Maintenance, and Rental 105,542 3,300 4,370 113,212 Debt Service 77,500 5,601 10,910 94,011 Fee Remissions 71,082 1,912 1,124 74,118 Repair and Rehabilitation 54,481 2,464 7,100 64,045 Financial and Professional Expenses 55,874 4,430 4,340 64,644 Information Technology Expenses 36,380 4,402 4,404 45,186 Fuel and Utilities 32,745 3,373 4,210 40,328 IU Transition Costs 1,295 1,295 Total Expenditures $ 2,083,280 169,897 165,911 2,419,087 Projected Surplus / (Deficit) $ 1,811 (2,108) (176) (473) One-Time Items $ 34,749 1,946 4,769 41,464 Recurring Surplus / (Deficit) $ 36,560 (162) 4,593 40,991 6