| |
BUDGET PROJECTIONS
Developing a strategic
plan requires the forecasting of a realistic budget, on both the revenue and
expenditure sides. The projected budget for this strategic planning period
is presented below. High (Level 1), middle (Level 2), and low (Level 3)
budgets were projected to assist with continued planning and are based on
enrollment projections.
|
Table 3. 5-Year Strategic Planning Budget FY
07 – FY 11, Level 1 (High)* |
|
BUDGETED REVENUE |
FY 2006 |
FY 2007 |
FY 2008 |
FY 2009 |
FY 2010 |
FY 2011 |
|
Student Fees
(Tuition) |
$3,528,884
|
$4,299,724
|
$4,622,203
|
$4,968,868
|
$5,341,533
|
$5,742,148
|
|
Lottery |
$282,676
|
$308,117
|
$335,847
|
$366,074
|
$399,020
|
$434,932
|
|
General Revenue |
$10,975,561
|
$14,675,561
|
$15,175,561
|
$15,675,561
|
$16,175,561
|
$16,675,561
|
|
Foundation Funding |
$642,275
|
$758,502
|
$913,352
|
$1,152,912
|
$1,353,412
|
$1,566,244
|
|
Cont/Prof Education |
$0 |
$50,000 |
$150,000
|
$250,000
|
$400,000
|
$600,000
|
|
Contracts/ Grants |
$900,000
|
$1,500,000
|
$1,800,000
|
$2,160,000
|
$2,592,000
|
$3,110,400
|
|
Fees & Auxiliaries |
$1,369,606
|
$1,438,086
|
$1,509,991
|
$1,585,490
|
$1,664,765
|
$1,748,003
|
|
Concessions |
$19,624 |
$20,115 |
$20,617 |
$21,133 |
$21,661 |
$22,203 |
|
TOTAL BUDGET |
$17,718,626
|
$23,050,104
|
$24,527,571
|
$26,180,038
|
$27,947,953
|
$29,899,490
|
|
|
|
|
|
|
|
|
|
BUDGETED EXPENDITURES |
FY 2006 |
FY 2007 |
FY 2008 |
FY 2009 |
FY 2010 |
FY 2011 |
|
Instructional
Program and Support |
$8,371,639
|
$10,690,553
|
$12,146,411
|
$13,209,453
|
$14,281,199
|
$15,659,003
|
|
General
Administrative |
$2,302,030
|
$2,643,132
|
$2,850,727
|
$2,954,062
|
$3,047,667
|
$3,078,144
|
|
General
Institutional |
$3,107,230
|
$3,262,592
|
$3,527,547
|
$3,651,011
|
$3,760,541
|
$3,798,147
|
|
Student Services |
$1,953,103
|
$2,084,440
|
$2,246,743
|
$2,331,790
|
$2,385,370
|
$2,403,766
|
|
Scholarships and
Foundation Support |
$642,275
|
$863,989
|
$1,084,688
|
$1,206,423
|
$1,479,244
|
$1,703,206
|
|
Auxiliary
Enterprises |
$867,423
|
$909,813
|
$954,813
|
$1,002,051
|
$1,051,638
|
$1,103,691
|
|
Reserves-5% Campus
Board Policy |
$718,000
|
$964,170
|
$1,006,681
|
$1,050,525
|
$1,095,806
|
$1,142,632
|
|
For Program
Development and Expansion based on Strategic Plan |
|
$1,631,415
|
$709,962
|
$774,724
|
$846,488
|
$1,010,902
|
|
TOTAL EXPENDITURES |
$17,718,626
|
$23,050,104
|
$24,527,571
|
$26,180,039
|
$27,947,953
|
$29,899,490
|
*These
budgets were built on the assumption that USF-SM receives $3.2 million
workforce development funds in FY 06-07 and that ongoing enrollment funds
will continue based on the current funding plan.
|
Table 4. 5-Year Strategic Planning
Budget FY07 – FY11, Level 2 (Middle)* |
|
BUDGETED REVENUE |
FY 2006 |
FY 2007 |
FY 2008 |
FY 2009 |
FY 2010 |
FY 2011 |
|
Student Fees
(Tuition) |
$3,528,884
|
$4,299,724
|
$4,622,203
|
$4,968,868
|
$5,341,533
|
$5,742,148
|
|
Lottery |
$282,676
|
$308,117
|
$335,847
|
$366,074
|
$399,020
|
$434,932
|
|
General Revenue |
$10,975,561
|
$12,975,561
|
$13,475,561
|
$13,975,561
|
$14,475,561
|
$14,975,561
|
|
Foundation Funding |
$642,275
|
$758,502
|
$913,352
|
$1,152,912
|
$1,353,412
|
$1,566,244
|
|
Cont/Prof Education |
$0 |
$50,000 |
$150,000
|
$250,000
|
$400,000
|
$600,000
|
|
Contracts/ Grants |
$900,000
|
$1,500,000
|
$1,800,000
|
$2,160,000
|
$2,592,000
|
$3,110,400
|
|
Fees & Auxiliaries |
$1,369,606
|
$1,438,086
|
$1,509,991
|
$1,585,490
|
$1,664,765
|
$1,748,003
|
|
Concessions |
$19,624 |
$20,115 |
$20,617 |
$21,133 |
$21,661 |
$22,203 |
|
TOTAL BUDGET |
$17,718,626
|
$21,350,104
|
$22,827,571
|
$24,480,038
|
$26,247,953
|
$28,199,490
|
|
|
|
|
|
|
|
|
|
TOTAL EXPENDITURES |
FY 2006 |
FY 2007 |
FY 2008 |
FY 2009 |
FY 2010 |
FY 2011 |
|
Instructional
Program and Support |
$8,371,639
|
$10,410,292
|
$11,431,325
|
$12,449,555
|
$13,389,170
|
$14,765,294
|
|
General
Administrative |
$2,302,030
|
$2,449,981
|
$2,511,230
|
$2,634,475
|
$2,715,409
|
$2,742,563
|
|
General
Institutional |
$3,107,230
|
$3,184,911
|
$3,264,534
|
$3,427,760
|
$3,530,593
|
$3,565,899
|
|
Student Services |
$1,953,103
|
$2,048,658
|
$2,086,229
|
$2,163,251
|
$2,244,124
|
$2,278,090
|
|
Scholarships and
Foundation Support |
$642,275
|
$863,989
|
$1,084,688
|
$1,206,423
|
$1,479,244
|
$1,703,206
|
|
Auxiliary
Enterprises |
$867,423
|
$909,813
|
$954,813
|
$1,002,051
|
$1,051,638
|
$1,103,691
|
|
| |
