New Faculty OrientationBudget 101August 2017

StateofTennessee

$37billion

$18bstateappropriations

$13.5bfederalfunds$5.5botherdepartments

TOTALBUDGET– FY18

Tobacco,Beer,&AlcohilicBeverages

3%

AllOtherTaxes9%

Insurance&Banking7%

Transport.6%GrossReceipts

&Privilege4%

Income&Inheritance

1%

SalesTax60%

WheretheStateDollarComesFrom(generalfunds)– FY18

Education47%

Resources&Regulation

4%

Law,Safety&Correction

11%

GeneralGovernment

4%Health&Social

Services32%

Business&Economic

Development2%

WhereStateTaxDollarsGo(generalfunds)– FY18

HigherEducationAppropriations

$1.8billion

*UTKnoxvilleappropriations=$219M

Higher EducationBoardofRegents 770MUTSystem* 574MLottery/loans/THEC/Ctrs 504M

How we obtain our Appropriations?University of Tennessee, Knoxville

Formula Outcomes

Retention

#ofdegreesawarded

Research andService

Degreesper100FTE

Six-yearGraduationRate

Basebudget+/- formulaadjustments

+/- governor’sbudgetchanges=newbasebudget

Increm

entalBud

getin

g

UTKnoxville

$1.2billionHigher Education

Educational&General(E&G) $694MAuxiliaries $230MRestricted $254M

FY2017-18

Tuition&Fees,$407,37%

Appropriations,$213,19% Grants&

Contracts,$221,20% Sales&

Services,$6,0%

Other, $46,4%Auxiliaries,$220,20%

FY2017TOTALREVENUE(showninmillionsandpercentoftotal)

bandandsportscamps,testingservices,literarypublications

F&Arevenue,misc.rentalsandsales,conferencerevenue

Total $1.128 billion

Knoxville

In-statetuition, $281,

69%

Out-of-statetuition, $40,

10%

Program&ServicesFees,$45,11%

Otherstudentfees, $35,9%

ExecDev,ELI,ContEd., $6,

1%

FY2017TuitionandFees(showninmillionsandpercentoftotal)

Total $407 million

Knoxville

Undergraduate, $262,64%

Graduate, $54,13%

Law, $6,2%

Other, $5,1%

Fees, $80,20%

FY2017TuitionandFees(showninmillionsandpercentoftotal)

Total $407 million

Knoxville

Total $1.128 billion

UnrestictedE&G, $661,

59%

Restricted,$247,22%

Auxiliaries,$220,19%

ResidenceHalls

AthleticsParkingDining

Vol Shop

FY2017TOTALEXPENDITURES(showninmillionsandpercentoftotal)

Knoxville

FY2017AuxiliaryUnits(showninmillions)

Total $220 million

ResidenceHalls,$37,17%

Dining, $7,3%

VolShop, $24,11%

Parking, $10,4%

Athletics, $129,59%

Arena, $3,1%

Rentals, $10,5%

Knoxville

Instruction, $305.2,26%

AcadSupport,$86.1,7%

StudentServices,$46.0,4%

Schol&Fellow,$173.8,15%

Research, $155.8,13%

PublicService,$34.9,3%

Inst.Support, $55.4,5%

O&M, $79.9,7%Transfers,-$29.1,-2%

Auxiliaries, $220.1,18%

FY2017OperatingBudget– allfunds(showninmillionsandpercentoftotal)

(utilities,custodial,maintenance,andgrounds)

(executivemanagementfiscaloperations,Development,HR,computing,etc…)

(studentactivities,admissions,studenthealth,studentaidadministration,andintramuralathletics.)

(libraries,museums,development,academicadministration,computingsupport.)

(WUOT,conferences)

Total $1.128 billion

Knoxville

$409.2,36%

$222.7,20%

$225.0,20%

$220.1,19%

$51.3,5%

Tuition&Fees Appropriations Grants&Contracts Auxiliaries Other

$204.5,27%

$204.7,27%

$163.9,22%

$134.6,18%

$41.2,6%

TotalBudgetRevenueSummary

FY2017FY2007

(showninmillionsand)percentoftotal

Knoxville

Doesnotincludecentersofexcellence,governorchairs,oraccessanddiversityfunding,orUTSI.

Millions

BaseStateAppropriations

195.4

178.7

152.1142.2 144.2

153.3

174.3179.1

187.9

210

223.7

45.5

12.6

20.3

29.9

0

25

50

75

100

125

150

175

200

225

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017(probable)

2018(proposed)

StateAppropriations ARRA MOE One-timeStateFunds

Questions?Budget 101August 2017