Deans and Chairs October 13, 2015 Kyle Clark Vice President for Finance and Administration 1

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Deans and Chairs

October 13, 2015

Kyle ClarkVice President for Finance and Administration

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2015 – 2016 Operating Budget

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Overview of 2015 Legislative Session

• Record-breaking budget of $78.7 billion• During regular session, 1,755 bills filed, 231

passed• During special session, 41 bills filed, 12

passed• Of the bills that passed, 11 bills have an

impact on Higher Education and the State University System

• $461.4 million was vetoed

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2015 - 2016 Total Operating Budget Summary

Education & General - State Support $440,920,683 Education & General - Tuition, Fees, and Other 209,926,352

Auxiliary 152,461,123Debt Service 23,058,381Contracts & Grants 227,903,303Local Funds 250,180,703Capital Projects 157,150,402Component Units 114,193,526

Total$1,575,794,4

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2015 - 2016 Total Operating Budget Summary

State Support27.98%

Tuition, Fees, and Other13.32%

Auxiliary9.68%

Debt Service1.46%

Contracts & Grants14.46%

Local Funds15.88%

Capital Projects9.97%

Component Units7.25%

Total E&G 41.30%

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2015 - 2016 Component Units Operating Budgets

Seminole Boosters, Inc. $47,046,884

FSU Foundation, Inc. 20,233,226 FSU International Programs Association, Inc. 16,250,000 Florida Medical Practice Plan, Inc. 12,836,083 FSU Financial Assistance, Inc. 5,361,298 FSU Research Foundation, Inc. 3,518,000 FSU Alumni Association, Inc. 2,995,800 John and Mable Ringling Museum of Art, Inc. 2,136,420 FSU Magnet Research and Development, Inc. 1,746,590 FSU Real Estate Foundation, Inc. 644,216 Subtotal Component Unit Expenses

$112,768,517

Addition to Fund Balance $1,425,009

Total Component Unit Expenses$114,193,

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2015 - 2016 Construction Budget

Project

Planned 2015-2016

ExpendituresDoak Campbell Stadium $55,000,000Housing Phase II 35,000,000Earth, Ocean and Atmospheric Science Building 21,500,000Interdisciplinary Research & Commercialization Building 5,275,000Housing Phase I 4,878,908TLCCC Locker Rooms 4,000,000All Others 34,268,554Total $159,922,462

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State University System Operating Budgets 2015 -

2016Estimated Total Operating Budget (in billions)

Percentage of SUS

Budget

Total Revenues /

FTE*University of Florida $3.34 30.36% $91,871University of South Florida 1.79 16.27% 56,596University of Central Florida 1.50 13.64% 38,583Florida State University 1.46 13.27% 49,613Florida International University 1.00 9.09% 29,357Florida Atlantic University 0.75 6.82% 40,422University of West Florida 0.29 2.64% 39,811Florida Agricultural & Mechanical University 0.29 2.64% 36,661University of North Florida 0.28 2.55% 26,752Florida Gulf Coast University 0.22 2.00% 23,009Florida Polytechnic University 0.05 0.45% 56,778New College 0.03 0.27% 46,267Total $11.00 100.00%

*Source: 2015 System Summary of University Work Plans Draft (6/15/15)

Note: Does not include teaching hospitals

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Operating Budgets 2015 – 2016

Peer InstitutionsEstimated

Total Operating Budget (in billions)

Total Revenues / FTE*

Indiana University $3.3 $81,311Ohio State University 2.5 47,001University of Missouri 2.3 70,867University of Maryland 1.9 55,080University of Georgia 1.5 46,266Florida State University 1.5 49,613University of Kansas 1.4 57,108

* Source: 2014-2015 Common Data SetNote: Does not include teaching hospitals

Guiding Principles As Stated By Board of Governors

• Use metrics that align with Strategic Plan goals

• Reward excellence or improvement• Have a few, clear, simple metrics• Acknowledge the unique mission of

the different institutions

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Key Metrics• Common to All Universities

– Percent of Bachelor’s Graduates Employed and/or Continuing their Education Further 1 Year After Graduation

– Median Average Full-time Wages of Undergraduate Employed in Florida 1 Year After Graduation

– Average Cost per Undergraduate Degree to the Institution– Six Year Graduation Rate– Academic Progress Rate– Bachelor’s Degrees Awarded in Areas of Strategic Emphasis– University Access Rate– Graduate Degrees Awarded in Areas of Strategic Emphasis

• Institution Specific Metrics– 1 Board of Governors Choice

• Percent of Bachelor’s Degrees without Excess Hours• Faculty Awards

– 1 Board of Trustee Choice

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2015 - 2016 Performance Funding Model

Funding• $100 million allocation of new funds

from Performance• FSU to receive $16.7 million allocation

from the Performance Funding Model• Performance funding grand total $400

million

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2015 - 2016 Performance Funding Metrics

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FSU 2015 - 2016 Performance Funding Model

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Preeminence Metrics - 2015 Evaluation

Pending Board Approval

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Undergraduate Tuition & FeesNo change from 2014-2015

RESIDENT2015-2016 NON-RESIDENT

2015-2016

Tuition: Tuition:Tuition $105.07 Tuition $105.07 Tuition Differential Fee 49.59 Tuition Differential Fee 49.59

Subtotal $154.66 Subtotal $154.66 Fees: Fees:

Activity and Service Fee $12.86 Activity and Service Fee $12.86 Athletic Fee 7.9 Athletic Fee 7.9Capital Improvement Trust Fund Fee 4.76 Capital Improvement Trust Fund Fee 4.76Health Fee 13.97 Health Fee 13.97Student Affairs Facility Use Fee 2 Student Affairs Facility Use Fee 2Student Financial Aid Fee 5.25 Student Financial Aid Fee 5.25Technology Fee 5.25 Technology Fee 5.25Transportation Fee 8.9 Transportation Fee 8.9

Subtotal $60.89 Out-of-State Fee 481.48 Out-of-State Student Financial Aid Fee 24.07 Subtotal $566.44

Total per Credit Hour $215.55 Total per Credit Hour $721.10

Student Affairs Facility Use Fee per semester $20.00

Student Affairs Facility Use Fee per semester $20.00

Academic Year (30 Hours)$6,506.5

0 Academic Year (30 Hours)$21,673.

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Our Annual Operating Budget is larger than 74 Countries

American Samoa Greenland Northern Mariana IslandsAndorra Grenada PalauAnguilla Guam Pitcairn Islands

Antigua and Barbuda GuernseySaint Helena, Ascension, and Tristan da Cunha

Aruba Guinea-Bissau Saint Kitts and NevisBarbados Guyana Saint LuciaBelize Holy See (Vatican City) Saint Pierre and MiquelonBermuda Isle of Man Saint Vincent and the GrenadinesBhutan Jersey SamoaBritish Virgin Islands Kiribati San MarinoBurundi Lesotho Sao Tome and PrincipeCabo Verde Liberia SeychellesCayman Islands Liechtenstein Sierra LeoneCentral African Republic Malawi Solomon IslandsComoros Maldives SurinameCook Islands Marshall Islands Swaziland

DjiboutiMicronesia, Federated States of Togo

Dominica Monaco TokelauEritrea Montenegro TongaFalkland Islands (Islas Malvinas) Montserrat Turks and Caicos IslandsFaroe Islands Nauru TuvaluFiji New Caledonia VanuatuFrench Polynesia Nicaragua Virgin IslandsGambia, The Niue Wallis and FutunaGibraltar Norfolk Island

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DRAFT2016 – 2017 Operating Budget

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• October 19, 2015 – Call for 2016-2017 proposals

• January 12, 2016 – 2016 Legislative Session convenes – proposals due to Office of the Provost

• January 18, 2016 – Proposals due to the Budget

• March 11, 2016 – 2016 Legislative Session ends

• March 31, 2016 – Review of proposals complete

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• April 29, 2016 – Veto period ends; new 2016-2017 allocations are finalized

• June 24, 2016 – Board of Trustees approves 2016-2017 Operating Budget

• July 1, 2016 – Happy New Year; new allocations provided in departmental base budgets

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Finance and Administration Update

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Current Projects• Mandatory criminal background checks for all

A&P, USPS, and Faculty appointments effective August 1, 2015

• College of Engineering fiscal agent and facilities transition

• Payroll enhancements including faculty salary distribution 9/12

• Collective bargaining• Shared services• Process improvements• New budget system

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Current Projects

• Public Private Partnership Guidelines– Convention, Retail, and Entertainment

District– Varsity Way– Panama City Residence Hall

• Procurement enhancements• Transportation masterplan• Fleet management• Human resource ERP upgrades in

progress

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Current Projects

• New Graduate Assistant payment plan• Financial aid distribution • Transportation and game day

management• Vehicle maintenance• Space management• Shared initiatives• Energy Savings

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5-Year Capital Improvement Plan & Legislative Budget Report FY 2016-

2017 through 2020-2021

Facilities Design & ConstructionActive Major Projects

SCHEDULE BUDGETProjec

t Numb

er Project Description

Architect/

Engineer

Bid/Guarantee Max Price

Construction

Substantial

Completion Planning

Construction

Equipment Total

FS-242 University Housing Replacement

11/15/2012

06/20/2013 08/05/201306/30/201

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$3,662,9

080

$ 47,205,971

$1,307,45

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$ 52,176,331

FS-221 University Housing Replacement Phase 2 including Urban Eateries Dining Concept

9/29/2014 07/15/2015 08/15/201506/01/201

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6,624,19

0 62,689,064

2,450,000

71,663,254

FS-259 Earth Ocean. & Atmosph. Sci. (EOAS)

09/05/2013

05/01/2016 07/01/201605/30/201

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3,850,00

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60,000,000

6,000,000

69,850,000

FS-298 Asian Art Study Center 04/01/2012

09/15/2013 12/20/201306/27/201

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902,100

9,318,309

685,000 10,905,409

FS-218 Doak Campbell Stadium Improvements

09/01/2014

01/15/2015 02/01/2015 09/01/169,329,00

067,188,537

2,250,000

78,767,537

31672 / 31866

Athletics Locker Room/Offices

04/24/2014

01/29/2015 03/23/2015 03/29/16 300,000 3,250,000 450,000 4,000,000

FS-275 Interdisciplinary Research & Commercialization Bldg (IRCB)

04/15/2015

05/15/2016 06/15/201606/15/201

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5,000,00

0

63,000,000

17,000,00

0

85,000,000

FS-253 Donald L. Tucker CenterVaries Varies Varies Varies

2,823,931

18,046,792

6,404,445

27,275,168

31780 / 31954

Tucker Locker Room Improvements 10/18/14 10/30/2015 Mar 16 Sept 16 422,846 3,577,154 300,000 4,300,000

FS-321 College of Engineering (FSU\FAMU)

02/01/2015

08/15/2015 09/01/201508/01/201

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1,600,00

0

8,200,000

200,000

10,000,000

Projects Underway $

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Earth, Ocean & Atmospheric Sciences

Substantial Completion Date: August 2018 (if funds are received this session)GSF: 130,000 +/-Total Cost: $64,950,000Fund Source: FCO Project Information:

To be located at the prominent corner of Woodward Avenue & Tennessee Street, the new EOAS building will provide state of the art classrooms, teaching labs, research labs, and offices for the Earth Ocean & Atmospheric Sciences Department which has been created from the recently merged departments of Geology, Oceanography, and Meteorology.

Consultants:

Architects – Bohlin Cywinski Jackson Architects, Pittsburgh, PAContractor – Ajax Construction, Tallahassee, FL

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Earth Ocean Atmospheric Sciences

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University Housing Phase 1Substantial Completion Date: 6/15/2015GSF: 192,000 (Buildings 1&2)Total Cost: $55,400,000Fund Source: University Funds Project Information:

This housing project adds 872 new beds in 2-bed suite style configuration. Study areas, lounges, laundry, and recreation areas are included, as well as a landscaped exterior courtyard. Substantial completion was achieved June 2015 and buildings 1&2 were occupied for the summer and fall semesters.

Consultants:

Architect – Gilchrist, Ross, Crowe Architects, Tallahassee, FLContractor – Culpepper Construction, Inc., Tallahassee, FL

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University Housing Phase 1

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University Housing Replacement

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University Housing Replacement Phase 2

Substantial Completion Date: 6/1/2017GSF: 209,000 (Buildings 3 & 4); 19,300 GSF for Urban EateriesTotal Cost: $64,500,000Fund Source: University Funds Project Information:

Dorman and Deviney have been demolished. Foundations for Buildings 3 and 4 are currently being installed. A 912-bed facility will be constructed in a suite style configuration. Common areas for study, lectures, recreation, and laundry are all included, as well as landscaped courtyards. Urban Eateries is a unique food service venue, to be located along Jefferson Street.

Consultants:

Architect – Gilchrist, Ross, Crowe Architects, Tallahassee, FLContractor – Culpepper Construction, Inc., Tallahassee, FL

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Doak Campbell Stadium Improvements

Completion Date: 8/1/2016GSF: 75,000 new and renovated spaceTotal Cost: $85,000,000Fund Source: Seminole Boosters/Athletics Project Information:

Improvements include the South end zone terrace/club seating and stadium seating, south end zone/ballroom expansion/renovation. Two new ingress/egress towers will be constructed along with replacement of the East/West skybox window wall, structural repairs, and mechanical upgrades.

Design-Build Consultants: Architect – EMI Architects, Tallahassee, FLContractor – Childers Construction, Tallahassee, FL

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Interdisciplinary Research & Commercialization Building (IRCB)

Completion Date: 2018 (if funds are received this session)GSF: 125,000Total Cost: $85,000,000 (including equipment)Fund Source: University Funds/FCO

Project Information:

This new facility will house interdisciplinary teams by creating a collaborative environment to conduct research and to develop commercialization opportunities to bring products to market. Spaces to be constructed are research labs, imaging/characterization labs, clean room facilities, collaboration spaces, administrative spaces, and building support functions. Researchers in the disciplines of biomedical engineering, chemistry, chemical engineering, condensed matter physics, and device prototyping will be accommodated. Consultants:

Architect – Wilson Architects, Boston, MAContractor – Whiting-Turner, Tampa, FL


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Ringling Campus – Asian Art Study Center

Substantial Completion Date: 6/26/2015GSF: 30,000Total Cost: $9,850,000Fund Source: University Funds Project Information:

The project consists of new and renovated gallery, exhibition, educational, administrative and support space to display and accommodate Ringling’s various art collections.

Consultants:

Architects – Machado & Silvetti Architects, Boston, MAContractor – Willis A. Smith Construction, Sarasota, FL

Ringling Campus –Asian Art Study Center

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Asian Art Study Center

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College of BusinessSubstantial Completion Date: 6/15/2019 (pending receipt of funds)GSF: 220,000Total Cost: $83,000,000Fund Source: University Funds/FCO Project Information:

The project consists of a new College of Business to be constructed on the O’Connell Property, just south of the Civic Center. The nearly 220,000 GSF facility will include Academic, Institute, and Center spaces, as well as event and administrative spaces.

Consultants:

Architects – TBDContractor – TBD

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College of Business

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College of Business

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Strozier Library Improvements

Substantial Completion Date: 8/31/2016GSF: 125,000Total Cost: $3,500,000Fund Source: FCO/University Funds Project Information:

The project consists of many improvements to the upper floors at Strozier Library. New furnishings, carpet, paint, ceilings/lighting, and mechanical improvements are planned. Construction is expected to start in December and will be phased to keep the library operational. All work is expected to be complete by August 2016.

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Strozier Library Improvements

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Deans and Chairs

October 13, 2015

Kyle ClarkVice President for Finance and Administration

Documents

Deans and Chairs October 13, 2015 Kyle Clark Vice President for Finance and Administration 1