Texas A&M University-Corpus Christi

The TAMUCC BudgetWhere does the $ come from and how do we spend it?

The Budget ProcessHow is the budget put together?

Timeline SetInitiatives & Priorities DeterminedFunding amounts available calculatedFixed Expenditures calculated

Personnel, Benefits, Utilities, DebtTelephone, Copiers, postageWages-Increases in minimum wage

Available applied to new initiatives & prioritiesBudget is balanced, reviewed by AdministrationPresented for approval by the TAMU Board of Regents

Goals & Initiatives for TAMUCCMomentum 2015

IMPERATIVE I: Build and Sustain Academic Excellence and Competitive Programs 

IMPERATIVE II: Enhance a Culture of Discovery and Innovation  IMPERATIVE III: Instill Global Perspectives into the Academic Life of

the University  IMPERATIVE IV: Establish Targeted Areas of State, Regional and

National Recognition and Distinction  IMPERATIVE V: Achieve Doctoral Comprehensive Status and Aspire

to Emerging Research Designation  IMPERATIVE VI: Recruit, Retain and Graduate a Diverse and Highly

Qualified Student Body   IMPERATIVE VII: Recruit, Mentor and Retain a Diverse, Highly

Qualified Faculty and Staff   IMPERATIVE VIII: Design and Cultivate Initiatives to Increase

Lifelong Alumni Involvement   IMPERATIVE IX: Live, Learn and Work Together to Promote a

Vibrant Coastal Bend Community   IMPERATIVE X: Extend the Reach of the Island University   IMPERATIVE XI: Preserve and Foster an Inviting Island Environment

  IMPERATIVE XII: Establish a Culture of Assessment, Investment and

Stewardship

Where does the Money come from?

State AppropriationsTuition & FeesGrants & Contracts

Tuition & Fees

TuitionBased on student academic and residential status

Undergrad vs. GradResident vs. Non-resident

FeesCourse-basedUse fees

Some of the pots that we need to fill…

InstructionSupport Services

AccountingPayrollPurchasingCampus Police & SafetyPhysical Plant-Maintenance

Student ServiceStudent AffairsAdmissions & RecordsFinancial AidAcademic AdvisingCounseling

AthleticsAuxiliary Services

Food ServicesBookstoreCopy/Print Shop

Sources & Uses of Funds

Operating Fund Sources by Major Category

Student & Parent $33,989,456

27%

Federal Government $16,637,525

13%

State of Texas-Appropriations

$59,956,2347%

Institutional Resources $16,855,264

13%

Source: FY 2007 Annual Financial Report

Total Operating Sources

$127,438,476

More DetailWhere does the Money Come From?

Operating Sources

Endowment & Interest $1,786,150

1%

Federal Grants & Contracts

$16,637,52513%

Other Income$643,570

1%

Private Gifts & Grants $6,204,050

5%

Local Government Grants & Contracts

$1,584,1631%

State Appropriations $49,501,190

39%

Research Development

$728,7511%

Higher Education Assistance Funds

$5,519,3294%

State Grants & Contracts$4,206,961

3%

Net Auxiliary Enterprises$4,001,444

3%

Sales & Service $2,635,887

2%

Tuition & Fees $33,989,456

27%

Source: FY 2007 AFR

Total Operating Sources:

$127,438,476

How is the Money Spent?Operating Uses

Instruction$34,652,122

30%

Other Expenses$3,393,562

3%

Capital Outlay$2,575,699

2%

Auxiliary Enterprise $10,303,320

9%

Public Service$2,969,151

3%

Research$11,563,452

10%

Scholarships & Fellowships$8,434,475

8%

Institutional Support $8,937,036

8%

Operations & Maintenance of Plant

$7,762,6447%

Student Services $7,446,389

7%

Academic Support $14,026,582

13%

Source: FY 2007 AFR

Total Operating Expenditures

$112,064,432

FeesHow are they collected and Used?

By courseUsed for materials, services for that course

By student-Use FeesUsed to provide services denoted

Computer

Rec. Sports

Orientation

What does it Cost to Provide Student Orientation?

Estimated Revenues $95,000

Expenditures Planned

Salaries $34,538

Benefits $11,000

Operations & Maintenance $42,662

Total Exp. Budget $88,200

Source: FY 2008 Budget

What does it cost to provide Student Services?

Funds Available:

Student Service Fees $ 3,044,742

Total Available for Budgeting $ 3,044,742

Expenses:

Salaries $ 1,295,772

Wages $ 178,061

Benefits $ 374,737

Travel $ 39,368

Operations & Maintenance $ 549,919

Wellness Center $ 606,885

Total Expenditure Budgets $ 3,044,742

What does it cost to light, heat, cool, … motorize the university?

Utilities Budget

FY 2008 Budget $4,000,000

Days/Year 365

Cost per Day $10,958.90

How much does TAMUCC earmark for Scholarships?

Scholarship Fund Source FY 2007 FY 2008 Incr/DecrIncr/Decr

University Endowment $129,800 $163,800 $34,000

Foundation Endowment $263,000 $289,500 $26,500

Annual Gifts $362,651 $491,545 $128,894

Designated Tuition $1,184,520 $1,215,770 $31,250

Designated Tuition Set Aside $861,318 $1,216,518 $355,200

University Fee Income $0 $31,750 $31,750

University Transfers $0 $100,000 $100,000

Total Scholarships & Awards $2,801,289 $3,508,883 $707,594

The Athletics Program

Funds Available:

Athletics Fees $2,651,000

Sports Revenues $ 610,500

Other Athletics Revenues-Includes Transfers

$1,819,113

Total Available for Budgeting $5,080,613

Expenses:

Salaries $1,545,810

Wages $ 11,000

Benefits $ 417,768

Travel $ 558,941

Operations & Maintenance $ 890,384

Scholarships $1,656,710

Total $5,080,613

How do we build new facilities?

Financing from TAMUS Treasury

BondsFund Source for payments

FeesTuitionHigher Education Assistance FundGifts

Future Plans

Building new programs-degrees, student activity programsMeeting our goals & initiativesBeing fiscally responsible