Total Revenues – Operating Funds Total operating revenues have increased over time as enrollment has grown and rates have increased to keep up with inflationary pressures. Operating revenue growth is budgeted to slow down in FY 2019 due to projected lower overall total enrollment growth. Total Revenues – Operating Funds (‘000s) Fiscal Year Total Revenues Change Fiscal 2016 $196,631 - Fiscal 2017 $204,432 $7,801 (+4.0%) Fiscal 2018 (forecast) $215,366 $10,934 (+5.3%) Fiscal 2019 (budget) $223,211 $7,845 (+3.6%) In the chart below, operating revenues are segregated by type of revenues for the past three years, as well as the budget for FY 2019. It is obvious that something different happened between 2016 and 2017 between net tuition revenue and the state allotment. This is the year that tuition dropped 15 percent and the lost revenue was added to the state allotment (called “backfill”). Aside from that anomaly, operating revenues have been rising over the past three years and are expected to rise in FY 2019, although at a slightly slower pace. Total Revenues – Operating Funds By revenue type
Net Tuition
State Allotment Other Fees Enterprise Student Activities Fees FY16 (Actual) FY17 (Actual) FY18 (Fcst) FY19 (Budget)
Tuition Tuition accounts for almost half of the revenues needed to cover core activities. Over the years, tuition policy at the state level has varied widely. During the Great Recession the Legislature
10 | P a g e
Made with FlippingBook - professional solution for displaying marketing and sales documents online