Annual Budget Fiscal Year 2015 | Kean University World Class Education

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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
FY2016 ESTIMATED BUDGET
Revenue FY2016 ESTIMATE
  FY16 BUDGET-10,000 FTE'S
(KEAN@OCEAN 850 FTE's) 3.0%
TUITION AND FEE INCREASE
State Appropriations:  
Base $30,469,000 
Total State Appropriations $30,469,000 
Tuition-Kean 103,340,000 
Fees-Kean (Credit) 46,200,000 
Fees-Kean (Non-Credit) 1,625,000 
All Other Revenue 3,290,000 
Total University Revenue $154,455,000 
TOTAL REVENUE (STATE & UNIVERSITY) $184,924,000 
   
Expenditures & Transfers
  FY2016 ESTIMATE
Material & Supplies 15,405,000 
Services 20,460,000 
Maintenance & Fixed Charges 4,815,000 
Special Purpose 4,000,000 
Equipment & Improvements 3,370,000 
Other  
Book Vouchers 10,000 
Bad Debt Expense 1,000,000 
Sick Leave Liability 35,000 
Vacation Leave Liability 800,000 
Administrative Bank Charges 1,000
Liberty Hall 400,000 
Discretionary Funds 1,000,000
Quality First Initiatives 1,000,000
Research and Development 1,000,000
Salaries  
Salary-Others 6,000,000
Regular 79,000,000
Adjunct 14,000,000
Overtime/Snow Removal 1,300,000
Overload 1,500,000
Benefits 2,500,000
Stipends, Waivers & Scholarships 8,000,000
Campus Improvements 1,000,000
Total Expenditures $168,596,000  
Debt Service:  
Series 1998B   721,500
Series 2003 D  2,145,000 
Series 2005 A   556,000
Series 2005 B  3,201,000 
Series 2006 A  31,000 
Series 2007 D  1,375,000 
Series 2009A  10,245,000 
Series 2010 CSTME Equipment  1,146,000 
Series 2014 C  12,000 
Series 2014 ELF  82,000 
Series 2014A CIF  190,000 
Total Debt Service $19,704,500 
Capital Projects  2,000,000 
Deferred Maintenance  1,000,000 
Mandatory Transfers  100,000 
TOTAL EXPENDITURES & TRANSFERS $191,400,500 
NET OPERATING RESULTS-MAIN CAMPUS ($6,476,500) 
   
KEAN/OCEAN-REVENUE 12,200,000
KEAN/OCEAN-EXPENDITURES 3,800,000
DISTANCE LEARNING PROJECT 600,000
KEAN/OCEAN-DEBT SERVICE 1,300,000
NET KEAN/OCEAN $6,500,000
NET OPERATING RESULTS-UNIVERSITY 23,500 

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