Annual Budget Fiscal Year 2014

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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