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Annual Budget Fiscal Year 2015

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Leadership & Governance

Annual Budget Fiscal Year 2015

Home > About Kean New Jersey > Leadership & Governance > Annual Budget Fiscal Year 2015

KEAN UNIVERSITY

FY2015 ESTIMATED BUDGET

 

 

Revenue

FY2015 ESTIMATE

 

10,000

FTE's (KEAN @

OCEAN 850 FTE's)

2.99% TUITION AND

FEE INCREASE

 

 

State Appropriations:

 

Base

$32,837,000

Total State Appropriations

$32,837,000

Tuition-Kean

100,687,138

Fees-Kean (Credit)

44,812,240

Fees-Kean (Non-Credit)

2,221,247

All Other Revenue

1,419,305

Total University Revenue

$150,639,931

TOTAL REVENUE (STATE & UNIVERSITY)

$183,476,931

Expenditures & Transfers

 

FY2015 ESTIMATE

Material & Supplies

14,300,400

Services

20,250,000

Maintenance & Fixed Charges

4,979,000

Special Purpose

1,600,000

Equipment & Improvements

3,500,000

Miscellaneous

 

Book Vouchers

20,000

Bad Debt Expense

1,510,000

Sick Leave Liability

242,000

Vacation Leave Liability

250,000

Administrative Bank Charges

1,000

Liberty Hall

325,000

Discretionary Funds

1,000,000

Quality First Initiatives

61,000

Research and Development

1,250,000

Salaries

 

Salary-Others

4,700,000

Regular

80,500,000

Adjunct

16,830,000

New Faculty and Lecturers

1,500,000

Overtime/Snow Removal

1,500,000

Overload

2,040,000

Benefits

2,500,000

Stipends, Waivers & Scholarships

6,371,940

Campus Improvements

1,350,000

Total Expenditures

$166,580,340

Debt Service:

 

MEL 07 ELF

0

Series 1998B

722,735

Series 2007D

1,372,644

Series 2009A

10,215,325

Series 2000B Capital Improvement Fund

585,268

Series 2005B

3,203,575

Series 2010 CSTME Equipment

1,176,625

Series 2003D

2,157,350

Total Debt Service

$19,433,522

Capital Projects

2,000,000

Repair Renovation of Carriage House (LHM)

500,000

Deferred Maintenance

1,000,000

Mandatory Transfers

100,000

TOTAL EXPENDITURES & TRANSFERS

$189,613,862

NET OPERATING RESULTS-MAIN CAMPUS

($6,136,931)

 

 

KEAN/OCEAN-REVENUE

$11,931,257

KEAN/OCEAN-EXPENDITURES

$3,800,000

DISTANCE LEARNING PROJECT

$620,000

KEAN/OCEAN-Series 2010A

$1,290,000

NET KEAN/OCEAN

$6,221,257

NET OPERATING RESULTS-UNIVERSITY

$84,326

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