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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

 

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