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KEAN UNIVERSITY
FY2018 ESTIMATED BUDGET
Revenue FY2018 ESTIMATE
 

FY18 BUDGET-10,000 FTE'S
(KEAN@OCEAN 850 FTE's) 2.0%
TUITION AND FEE INCREASE

State Appropriations:  
Base $30,469,000 
Total State Appropriations $30,469,000 
Tuition-Kean 108,540,000 
Fees-Kean (Credit) 48,036,000 
Fees-Kean (Non-Credit) 1,537,000 
All Other Revenue 4,070,000 
Appropriated Fund Balance - Strategic Inititatives 3,000,000
Total University Revenue $165,183,000 
TOTAL REVENUE (STATE & UNIVERSITY) $195,652,000 
   
Expenditures & Transfers
  FY2018 ESTIMATE
Material & Supplies 15,000,000 
Services 24,750,000 
Maintenance & Fixed Charges 5,750,000 
Special Purpose 1,500,000 
Equipment & Improvements 2,500,000 
Other  
Book Vouchers 25,000 
Bad Debt Expense 1,000,000 
Sick Leave Liability 50,000 
Vacation Leave Liability 250,000 
Administrative Bank Charges 250,000
Liberty Hall 500,000 
Emergency/Unforeseen 1,000,000
Strategic Initiative  3,000,000
Research and Development 1,000,000
Salaries  
Salary-Others 6,500,000
Regular 85,200,000
Adjunct 15,000,000
Overtime 1,250,000
Overload 2,500,000
Benefits 2,000,000
Stipends, Waivers & Scholarships 7,000,000
Campus Improvements 1,000,000
Total Expenditures $178,525,000  
Debt Service:  
Series 2003 D  2,150,000 
Series 2007 D   2,500,000
Series 2009A  12,200,000 
Series 2010 EFA (CSTME Equipment) 1,100,000 
Series 2014 C 13,000 
Series 2014 EFA - ELF 85,000 
Series 2014A EFA - CIF 190,000 
Series 2015 H  1, 450,000 
Series 2016 A 575,000 
Series 2016 B EFA - CIF 80,000 
Total Debt Service $20,343,000 
Capital Projects  2,500,000 
Deferred Maintenance  1,000,000 
Mandatory Transfers  100,000 
TOTAL EXPENDITURES & TRANSFERS $202,468,000 
NET OPERATING RESULTS-MAIN CAMPUS ($6,816,000) 
   
KEAN/OCEAN-REVENUE 12,716,000
KEAN/OCEAN-EXPENDITURES 4,000,000
DISTANCE LEARNING PROJECT 600,000
KEAN/OCEAN-Investment 1,300,000
NET KEAN/OCEAN 6,816,000
NET OPERATING RESULTS-UNIVERSITY 0

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