Table of Contents Introduction ............................................................................................................................................... 3 Executive Summary – FY 2019 Overview ............................................................................................ 4 FUNDS: How we are organized ............................................................................................................. 5 Operating Funds ................................................................................................................................... 5 Non-Operating Funds .......................................................................................................................... 6 DIVISIONS -How we are organized ...................................................................................................... 6 I. Budget Drivers – Revenue .............................................................................................................. 9 The Starting Point - State Funded Enrollment .............................................................................. 9 Total Revenues – Operating Funds ................................................................................................. 10 Tuition ................................................................................................................................................... 10 II. Budget Drivers – Operating Expenses ....................................................................................... 12 Fall FTE by employee type ................................................................................................................ 12 III. The FY 2019 Operating Budget ............................................................................................... 14 State and Tuition Fund ...................................................................................................................... 15 State Allotment ................................................................................................................................... 15 Net tuition revenue ............................................................................................................................ 16 Expenditures – State and Tuition Fund ......................................................................................... 16 Local General Funds ........................................................................................................................... 19 Enterprise Funds ................................................................................................................................. 21 Student Activities Funds ................................................................................................................... 22 IV. The FY 2019 Non-Operating Budget ..................................................................................... 23 V. Six-Year Rolling Forecasts ............................................................................................................ 24 The State and Tuition Fund .............................................................................................................. 25 Local General Funds ........................................................................................................................... 26 Enterprise Funds ................................................................................................................................. 28 Student Activities Funds ................................................................................................................... 29
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