FY 2018 University Operating and Capital Budgets

FY 2018 Operating Budget

The FY 2018 Approved Operating Budget reflects the following:

• The budget reflects continuation of our commitment to affordability and reflects the previously approved tuition pricing methodologies.
• The university’s cost structure and anticipated revenue growth continue to be based on key parameters in our econometric model.
• Net student tuition and fee revenue is expected to grow by 4.4% while expenses are expected to increase by 5.1%.
• Cost alignment measures continue to have a positive impact. As good stewards of our resources, we will continue to make choices that allow us to keep investing in the future.
• Budget assumes up to a 3.0% annual increase in compensation for performance based merit.
• The budget reflects continued academic support for proposed strategic initiatives and research investments.

FY 2018 Operating Budget

(Dollars in  thousands)

FY 2018 Capital Budget Summary

The total funding proposed in the FY 2018 – FY 2022 Capital Budget is approximately $162 million, with approximately $67 million planned to be expended in FY 2018.

• Previously approved major projects have been modified to reflect updated conditions and business plans.
• Repair, replacement and renewal projects in FY 2018 are funded by central and school-based resources.
• FY 2019 – FY 2022 repair, replacement and renewal funding levels represent a continued commitment to enhancing existing facilities, with a specific focus on continuing infrastructure and lifecycle investment in the Housing portfolio.

FY 2018 – FY 2022 Capital Budget

(Dollars in  thousands)