The Florida International University Board of Trustees

1
The Florida International University Board of
Trustees Operating Budget FY08-09 June 12, 2008
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The Florida International University BOARD OF
TRUSTEES
AGENDA

• University Wide Budget FY08-09
• University Gap Analysis EG Budget
• Fee Proposals

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FIU UNIVERSITY BUDGET
FIU Operating Budget FY08-09 643M
Construction Funds Projects in Process and
Approved 273M

• Expenditure budget represented
• Based on 6 tuition fee increase for
  Undergraduate, 10 Grad and 15 Law.
• Assumes 30 allocation to need-based financial
  aid (for Undergrad and Grad).
• Includes 5.2M funding for core infrastructure
  and 17.9M for Critical Investments.

• Includes 27M for Public Health building, This is
  still pending BOT and BOG approval for the
  issuance of bonds.

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University Wide Budget Summary
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University Wide Budget Summary
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The Florida International University BOARD OF
TRUSTEES
AGENDA

• University Wide Budget FY08-09
• University Gap Analysis EG Budget
• Fee Proposals

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MULTI-YEAR OPERATING GAP
Resulting Units Gap
University-wide Mitigation3
Enrollment/ Tuition2
State Cuts Assumptions1
Critical Investments
Unfunded Operations
FY08-09




-5.2M
17.1M
-14.0M
5.0M
-17.9M
-15.0M -4.8
FY09-10




15.0M
-6.9M
-17.7M
9.6M
-23.2M
-23.2M -7.4
FY10-11




8.1M
-8.5M
-14.1M
14.6M
-35.8M
-35.7M -11.4

• Assumes current cut of 5.9 will increase and/or
  incremental Lotto funds will not materialize to
  the equivalent of a 7 cut
• Assumes 6 tuition increase in undergrad, Net of
  30 need-based Financial Aid allocation. Includes
  1M increase in incidental revenues, and excludes
  differential tuition
• Includes carry forward funds, salary float, and
  incremental treasury returns

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E G INCREMENTAL REVENUE
CONDITIONAL ON GOVERNOR APPROVAL, 4.0M REVENUE,
NET OF FINANCIAL AID, SLIGHTLY OFFSETS BUDGET GAP
FTE 24,892
FTE 24,296
FTE 24,084
110.3M
Law 0.5M
105.3M
Grad 2.3M
104.3M
Undergrad 3.6M

• Includes the effects of enrollment growth. A
  net figure applies a 30 need based financial aid
  and adjusts for enrollment.
• Increase from tuition only

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FY08-09 ENROLLMENT BUDGET ASSUMPTIONS
BUDGET CUTS WILL RESULT IN A CONTINUED DECREASE
IN ENROLLMENT
24,665
24,296
24,084
(212)
0
21
(154)
(79)
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UNDERGRADUATE TUITION DIFFERENTIAL
ELLIGIBILITY

• A supplemental undergraduate fee based on
  exceeding total RD expenditures of 100M as
  reported to the National Science Foundation
• Solely for improving the quality of direct
  undergraduate instruction and support services
• Not to exceed 30 of base tuition
• The sum of tuition differential not to exceed
  15 increase annually
• Prepaid tuition contracts in effect on July 1,
  2007
• Students in attendance and are continuously
  enrolled before July 1, 2007

USES
CALCULATION
EXEMPTIONS
Note The maximum tuition differential for Level
1 Universities should be at least 30 greater.
In exceptions, differential tuition is excluded
from Bright Futures Scholarship Program and
waivers are possible for need based FSAG students
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The Florida International University BOARD OF
TRUSTEES
AGENDA

• University Wide Budget FY08-09
• University Gap Analysis EG Budget
• Fee Proposals

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TOTAL FEES SUS COMPARABLE
SUS Average 34.24

• All headcount fees have been prorated to a per
  credit hour fee based on 15 credits per semester
• Fees include Parking, Athletics, AS and Health
• Parking Fees Total parking Fees charged per
  credit hour includes headcount fees and/or permit
  fees prorated to a per credit hour fee based on
  15 credits per semester or 30 credit hours per
  year (1 FTE). Parking fees reflects 2008-09 per
  credit fees for all SUS, and 08-09 proposed
  permit /decal fees increases except for FAMU
  UWF which have the 2007-08 permit /decal fees

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PARKING SYSTEM Increase in Fees to support
parking expansion

• Parking Garage 5 2,000 spaces
• Meet current demand of university
• Support Academic Health Complex
• Address future retail development

• Service Improvements
• New carpool program
• Cleaner parking facilities
• Panther Safety Tram expansion in BBC
• BBC parking lots repairs and resurfacing
• Golden Panther Express increased cost

• Parking Garage 6 2,000 spaces
• Meet underserved housing location

PG 6
PG 5
PG 34
PG 2
PG 1
Debt Service 1.0M
2.0M 3.0M --------------------------------
------------------ 3.0M ----------- 5.0M
7.0M 8.0M
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ATHLETICS OPERATIONS

• Increased revenue driven by a proposed Student
  Athletic Fee increase of 1.46, generating an
  additional 1.2M
• Net Athletics Income impacted by the transfer of
  1.0M to fund the stadium
• Losses of 1.3M will be absorbed by existing
  Athletics fund balance

ATHLETICS OPERATION

• Stadium opens in Fall 2008
• Construction
• On time and within budget
• Major risk completion of new playing field
• Operations
• Major risk 36 of required revenue secured,
  filling the gap in this difficult environment
• Mitigation Bond interest payments only begin
  FY08-09

ATHLETICS FINANCE CORP
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The Florida International University Board of
Trustees Operating Budget FY08-09 June 12, 2008