Budget Office

KEAN UNIVERSITY

FY2014 ESTIMATED BUDGET




ESTIMATE


FY14 BUDGET-10,000

FTE's (KEAN @

OCEAN 850 FTE's)

2.99% TUITION AND

FEE INCREASE

Revenue

 

State Appropriations:

 

Base

$32,837,000

Total State Appropriations

 $32,837,000

Tuition-Kean

99,945,551

Fees-Kean (Credit)

44,103,778

Fees-Kean (Non-Credit)

2,371,671

All Other Revenue

1,036,437

Total University Revenue

$147,457,437

TOTAL REVENUE (STATE & UNIVERSITY)

$180,294,437

Expenditures & Transfers


FY2014 ESTIMATE

Material & Supplies

14,790,000

Services

15,810,000

Maintenance & Fixed Charges

2,040,000

Special Purpose

1,122,000

Equipment & Improvements

3,162,000

Miscellaneous

 

Book Vouchers

50,000

Bad Debt Expense

1,200,000

Sick Leave Liability

204,000

Vacation Leave Liability

310,000

Administrative Bank Charges

1,000

Liberty Hall

325,000

Discretionary Funds

1,000,000

Quality First Initiatives

61,000

Research and Development

2,339,880

Salaries

 

Salary-Others

4,784,493

Regular

80,261,759

Adjunct

18,446,390

Overtime/Snow Removal

1,000,000

Overload

2,244,000

Benefits

2,500,000

Stipends, Waivers & Scholarships

7,518,270

Campus Improvements

1,285,200

Total Expenditures

$160,454,991

Debt Service:

 

MEL 07 ELF

16,979

Series 1998B

722,480

Series 2007D

1,376,739

Series 2009A

10,123,425

Series 2000B Capital Improvement Fund

584,747

Series 2005B

3,210,075

Series 2010 CSTME Equipment

1,208,025

Series 2003D

2,143,225

Total Debt Service

$19,385,695

Capital Projects

$2,500,000

Deferred Maintenance

$3,000,000

Mandatory Transfers

$100,000

TOTAL EXPENDITURES & TRANSFERS

$185,440,686

NET OPERATING RESULTS-MAIN CAMPUS

($5,146,249)

 

 

KEAN/OCEAN-REVENUE

$11,383,824

KEAN/OCEAN-EXPENDITURES

$3,800,000

&DISTANCE LEARNING PROJECT

$620,000

KEAN/OCEAN-DEBT SERVICE

$1,290,000

NET KEAN/OCEAN

$5,673,824

NET OPERATING RESULTS-UNIVERSITY

$527,575

Acting Director of budget:  

Alyce Franklin-Owens 

Administration Building, 2nd Floor
T: 908.737.3153
budget@kean.edu
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