Financial Affairs Florida Atlantic University

Transcript:Financial Affairs Florida Atlantic University:
Financial Affairs Florida Atlantic University 2011-12 Operating Budget UFS – Academic Planning & Budgeting Orientation 2011-12 Operating Budget Financial Affairs Area E&G Auxiliary Concessions Senior Vice President 957,109 2,057,215 25,250 University Budget Office 507,929 113,904 Controller’s Office 2,697,322 1,406,429 Human Resources 1,381,135 209,865 Media Relations Purchasing Department 444,887 96,742 Police Services 4,196,268 6,620,023 Technical Support Services 612,646 292,212 Business Services 483,720 9,147,954 Communications/Marketing 374,223 Total Financial Affairs $11,655,239 $19,944,344 $25,250 2011-12 Operating budget Overview Florida Atlantic University 2011-12 Operating Budget Funding Sources Educational & General ● General Revenue – consisting primarily of sales tax (73%) and corporate income tax (8%) collections, as well as license fees and other taxes and operating receipts. ● Education Enhancement Trust Fund - consisting of collections from the sale of state lottery tickets. At least 38% of total lottery collections are dedicated to the trust fund. ● Student Fee Trust Fund - consisting primarily of matriculation fees and tuition (out-of-state fees) paid by students, as well as application and other student fees. Auxiliary Enterprises ● University business operations that are self-supporting through user fees, payments, and charges. These include; housing, student union, food service, bookstore, parking, and student health services. Grants & Contracts ● Funding from federal agencies, state agencies, foundations, and private sources that enables the University to conduct specific research projects or provide specific services. 2011-12 Operating Budget Funding Sources Athletics Local Fund ● Funding from student athletic fees as well as ticket sales to athletic events, corporate sales, game guarantees, and conference distributions. Student Government ● Funds from student activities and service fees to support student government operations and student activities such as clubs and organizations. Concessions ● Funds from concessions operations such as vending machines. Student Financial Aid ● Funding from student financial aid fees as well as financial aid support from all sources, such as federal financial aid awards. 2011-12 Operating Budget by Funding Sources Fund Type 2011-12 Budget Educational and General $ 241,744,261 Student Financial Aid 174,483,578 Grants and Contracts 61,868,134 Auxiliary Enterprises 102,608,700 Student Activity 9,651,114 Athletics 18,241,864 Concession Fund 500,250 Total $ 609,097,901 2011-12 FAU Operating Budget Vice President Areas 2011-12 FAU Operating Budget Academic Areas 2011-12 Capital Outlay Budget Fund Type 2011-12 Budget PECO $ 775,000