Budget Comparison

Kean University

FY 2011-2013 Budget Comparison

Revenue

  FY2011 BUDGET FY2012 BUDGET FY2013 ESTIMATE

                                      

 

 

FY11 BUDGET-9000 FTE'S (EXCLUDES- KEAN@OCEAN) 4.0% TUITION AND FEE INCREASE FY12 BUDGET-9000 FTE'S (EXCLUDES- KEAN@OCEAN) 3.95% TUITION AND FEE INCREASE FY13 BUDGET-9500 FTE'S (EXCLUDES-KEAN@OCEAN) 3.95% TUITION AND FEE INCREASE
State Appropriations:      
   Base $32,800,000 $32,800,000 $32,837,000
Total State Appropriations: $32,800,000 $32,800,000 $32,837,000
Tuition-Kean $82,109,407 $87,859,881 $93,308,430
Fees-Kean (Credit) $33,753,533 $36,595,484 $42,754,983
Fees-Kean (Non-Credit) $1,923,640 $2,057,585 $3,042,664
All Other Revenue $2,867,770 $3,067,757 $2,902,705
Total University Revenue $120,654,350 $129,580,707 $142,008,781
TOTAL REVENUE (STATE & UNIVERSITY) $153,454,350 $162,380,707 $174,845,781
       
  Expenditures & Transfers  
  FY2011 BUDGET FY2012 BUDGET FY2013 ESTIMATE
Material & Supplies $13,301,000 $13,567,020 $14,500,000
Services $11,227,000 $15,231,435

$15,500,000

Maintenance & Fixed Charges $1,946,000 $1,984,920 $2,000,000
Special Purpose $1,081,000 $1,102,620 $1,100,000
Equipment & Improvements $2,019,000 $3,059,380 $3,100,000
Science & Technology Education $842,000 $0 $0
Science, Technology & Mathematic Teachers $800,000 $0 $0
Science & Technology Scholarships $625,000 $0 $0
Teacher Preparation $580,000 $580,000 $600,000
Emerging Needs $180,000 $0 $0
LIBERTY HALL $750,000 $250,000 $300,000
  Book Vouchers $73,000 $74,460 $80,000

  Administrative Bank Charges 

$1,000 $1,200 $1,000
  Bad Debt Expense $450,000 $459,000 $1,400,000
  Personal Leave Liability $0 $51,000 $0
  Sick Leave Liability $230,000 $234,600 $200,000
  Vacation Leave Liability $171,000 $174,420 $200,000
SALARIES      
  Salary-Others $2,653,549 $4,366,736 $4,400,000
  Regular $74,905,471 $74,876,279 $78,000,000
  Adjunct $15,087,935 $16,656,000 $17,800,000
  New Faculty & Lecturers $0 $1,500,000 $1,500,000
    Overtime/SnowRemoval  $900,000 $960,000 $1,000,000
  Overload $2,230,000 $2,237,000 $2,200,000
Benefits $1,761,000 $1,900,000 $2,000,000
Research and Development $1,000,000 $1,020,000 $2,294,000
Stipends, Waivers & Scholarships $5,332,654 $7,057,883 $7,300,000
Improvements      
  Campus Improvements $1,000,000 $1,020,000 $1,260,000
  Quality First Initiatives $60,750 $61,965 $60,000
Total Expenditures $139,207,359 $148,425,918 $156,795,000
Debt Service:      
  Equipment Leasing Fund $0 $179,893 $69,193
  Series 1998B $0 $0 $857,624
  Series 2007D $0 $1,557,601 $1,555,668
  Series 2009A $9,484,300 $9,433,825 $9,756,325
  Series 2000B Capital Improvement Fund $616,000 $584,097 $584,517
  Series 2005B $1,047,000 $1,004,744 $2,712,587
  Series 2010 CSTME Equipment $1,294,378 $1,270,825 $1,239,425
  Series 2003D $2,552,196 $2,219,025 $2,233,475
Total Debt Service $14,993,874 $16,250,000 $19,008,814
Capital Projects $2,300,000 $2,300,000 $2,500,000
Deferred Maintenance $0 $0 $1,000,000
Mandatory Transfers $100,000 $100,000 $100,000
TOTAL EXPENDITURES & TRANSFERS $156,601,233 $167,075,928 $179,403,814
NET OPERATING RESULTS-MAIN CAMPUS ($3,146,883) ($4,695,221) ($4,558,033)
       
KEAN/OCEAN-REVENUE $6,673,136 $8,984,056 $10,249,584
KEAN/OCEAN-EXPENDITURES $2,460,469 $2,509,678 $3,900,000
DISTANCE LEARNING PROJECT $0 $620,000 $620,000
KEAN/OCEAN-DEBT SERVICE $850,000 $899,613 $1,099,613
NET KEAN/OCEAN $3,362,667 $4,954,765 $4,629,971
NET OPERATING RESULTS-UNIVERSITY $215,784 $259,544 $71,938

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