| 2004/05 University Expenditure Budget | ||||||||||||
| 2004/05 | 2004/05 | |||||||||||
| Approved Preliminary Budget | Final Budget | |||||||||||
| (as of 5-14-04) | (as of 7-1-04) | |||||||||||
| 2003/04 Permanent Base Budget (7/1/03) | $167,067,075 | $167,067,075 | ||||||||||
| Permanent Adjustments to 03/04 base (between 7/1/03 and 6/30/04) | $423,450 | |||||||||||
| 2004/05 Budget Reduction | ($11,443,942) | ($11,443,942) | ||||||||||
| 2004/05 Mandatory Costs (funded from overall budget reductions) | $2,567,702 | |||||||||||
| 2004/05 Final Budget Restore | $2,052,400 | |||||||||||
| (1) | 2004/05 Reserves (see below) | $2,818,754 | ||||||||||
| Total 2004/05 Permanent Budget | $155,623,133 | $163,485,439 | ||||||||||
| Year end 2003/04 One-time funds | $2,137,614 | $3,437,613 | ||||||||||
| Projected 2004/05 Expenditure Budget | $157,760,747 | $166,923,052 | ||||||||||
| Salaries/Benefits | ||||||||||||
| Faculty | $47,671,102 | $48,419,795 | ||||||||||
| Temporary Faculty | $10,121,417 | $10,121,417 | ||||||||||
| Staff and Administrators | $41,578,061 | $41,578,061 | ||||||||||
| Student Assistant | $1,803,072 | $1,803,072 | ||||||||||
| Employee Benefits | $36,348,487 | $37,842,113 | ||||||||||
| Total Salaries/Benefits | $137,522,139 | $139,764,458 | ||||||||||
| Operating Expenses | ||||||||||||
| Supplies & Services | $5,675,105 | $5,675,105 | ||||||||||
| Equipment (including Instructional Equipment) | $434,144 | $434,144 | ||||||||||
| Travel | $253,389 | $253,389 | ||||||||||
| Utilities | $4,926,859 | $5,143,339 | ||||||||||
| Books, Periodicals, Serials | $1,205,386 | $1,205,386 | ||||||||||
| Insurance Premiums | $3,025,991 | $3,558,344 | ||||||||||
| Special Repairs/Deferred Maintenance | $1,186,304 | $1,186,304 | ||||||||||
| (1) | University Reserve | $337,415 | $337,415 | |||||||||
| (1) | Budget Reduction Reserve (03/04 plus 04/05) | $1,056,401 | $1,910,041 | |||||||||
| (2) | Fee Contingency Reserve | $1,965,114 | ||||||||||
| Total Operating Expenses | $18,100,994 | $21,668,581 | ||||||||||
| Restore | ||||||||||||
| Allocated to Divisions (expenditure category to be determined by each Division) | $2,052,400 | |||||||||||
| Total Permanent Budget | $155,623,133 | $163,485,439 | ||||||||||
| Annual One-Time Commitments | ||||||||||||
| Faculty Travel | $120,000 | $120,000 | ||||||||||
| Faculty Development | $100,000 | $100,000 | ||||||||||
| Staff Development | $100,000 | $100,000 | ||||||||||
| PeopleSoft Expense | $500,000 | $500,000 | ||||||||||
| Est. Credit Card Expense | $400,000 | $400,000 | ||||||||||
| Police Salaries | $300,000 | $300,000 | ||||||||||
| Temp Backfill AA (Lib) | $367,614 | $367,614 | ||||||||||
| Annual 1-time Misc. Reserves (i.e. Bad Debt, Legal Settlements etc.) | $250,000 | $250,000 | ||||||||||
| Special Repairs/Deferred Maintenance | $300,000 | |||||||||||
| One-Time Backfill for each Division | $999,999 | |||||||||||
| Total Annual One-Time Commitments | $2,137,614 | $3,437,613 | ||||||||||
| Total Expenditure Budget | $157,760,747 | $166,923,052 | ||||||||||
| Notes: | ||||||||||||
| (1) | Expended as one-time dollars in 2004/05 | |||||||||||
| (2) | Liability between projected fee revenue and actual | |||||||||||
| Total expenditure budget does not include Financial Aid, Reimbursed Activities, Health Services | ||||||||||||
Comparison of Divisions' 2004/05 Permanent Base Operating Budget | Return to University Budget Information page