Annual Budget Fiscal Year 2013
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FY2013 ESTIMATED BUDGET |
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Revenue |
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FY2013 ESTIMATE |
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FY13 Budget-9500 FTE’s (Excludes Kean Ocean) 3.95% Tuition & Fee Increase |
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State Appropriations: |
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Base |
$32,837,000 |
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Total State Appropriations |
$32,837,000 |
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Tuition-Kean |
93,308,430 |
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Fees-Kean (Credit) |
42,754,983 |
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Fees-Kean (Non-Credit) |
3,042,664 |
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All Other Revenue |
2,902,705 |
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Total University Revenue |
$142,008,781 |
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TOTAL REVENUE (STATE & UNIVERSITY) |
$174,845,781 |
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Expenditures & Transfers |
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FY2013 ESTIMATE |
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Material & Supplies |
$14,500,000 |
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Services |
$15,500,000 |
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Maintenance & Fixed Charges |
$2,000,000 |
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Special Purpose |
$1,100,000 |
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Equipment & Improvements |
$3,100,000 |
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Teacher Preparation |
$600,000 |
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Liberty Hall |
$300,000 |
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Book Vouchers |
$80,000 |
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Administrative Bank Charges |
$1,000 |
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Bad Debt Expense |
$1,400,000 |
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Personal Leave Liability |
$0 |
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Sick Leave Liability |
$200,000 |
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Vacation Leave Liability |
$200,000 |
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Salaries |
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Salary-Others |
$4,400,000 |
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Regular |
$78,000,000 |
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Adjunct |
$17,800,000 |
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New Faculty and Lecturers |
$1,500,000 |
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Overtime/Snow Removal |
$1,000,000 |
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Overload |
$2,200,000 |
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Benefits |
$2,000,000 |
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Research and Development |
$2,294,000 |
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Stipends, Waivers & Scholarships |
$7,300,000 |
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Improvements |
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Campus Improvements |
$1,260,000 |
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Quality First Initiatives |
$60,000 |
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Total Expenditures |
$156,795,000 |
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Debt Service: |
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Equipment Leasing Fund |
69,193 |
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Series 1998B |
857,624 |
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Series 2007D |
1,555,668 |
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Series 2009A |
9,756,325 |
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Series 2000B Capital Improvement Fund |
584,517 |
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Series 2005B |
2,712,587 |
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Series 2010 CSTME Equipment |
1,239,425 |
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Series 2003D |
2,233,475 |
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Total Debt Service |
$19,008,814 |
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Capital Projects |
2,500,000 |
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Deferred Maintenance |
1,000,000 |
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Mandatory Transfers |
100,000 |
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TOTAL EXPENDITURES & TRANSFERS |
$179,403,814 |
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NET OPERATING RESULTS-MAIN CAMPUS |
($4,558,033) |
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KEAN/OCEAN-REVENUE |
$10,249,584 |
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KEAN/OCEAN-EXPENDITURES |
$3,900,000 |
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DISTANCE LEARNING PROJECT |
$620,000 |
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KEAN/OCEAN-DEBT SERVICE |
$1,099,613 |
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NET KEAN/OCEAN |
$4,629,971 |
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NET OPERATING RESULTS-UNIVERSITY |
$71,938 |
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Kean University
1000 Morris Avenue
Union, NJ 07083
T: 908-737-KEAN
