Annual Budget Fiscal Year 2017 | Kean University World Class Education

Page Header

Annual Budget Fiscal Year 2017

Page Sub Header

Leadership & Governance

Annual Budget Fiscal Year 2017

Home > About Kean New Jersey > Leadership & Governance > Annual Budget Fiscal Year 2017
KEAN UNIVERSITY
FY2017 ESTIMATED BUDGET
Revenue FY2017 ESTIMATE
  FY17 BUDGET-10,200
FTE'S(KEAN@OCEAN
850 FTE's) 2.5% TUITION AND FEE INCREASE
State Appropriations:  
Base $30,469,000
Total State Appropriations $30,469,000
Tuition-Kean 107,020,000
Fees-Kean (Credit) 47,523,000
Fees-Kean (Non-Credit) 1,590,000
All Other Revenue 4,766,000
Total University Revenue $160,899,000
TOTAL REVENUE (STATE & UNIVERSITY) $191,368,000
   
Expenditures & Transfers
  FY2017 ESTIMATE
Material & Supplies 15,000,000
Services 21,854,926
Maintenance & Fixed Charges 5,000,000
Special Purpose 1,500,000
Equipment & Improvements 3,000,000
Other  
Book Vouchers 10,000
Bad Debt Expense 1,000,000
Sick Leave Liability 35,000
Vacation Leave Liability 500,000
Administrative Bank Charges 150,000
Liberty Hall 500,000
Emergency / Unforeseen 1,000,000
Strategic Initiative Kean On-Line 1,000,000
Research and Development 1,000,000
Salaries  
Salary-Others 6,854,927
Regular 81,000,000
Adjunct 15,500,000
New Faculty and Lecturers 1,000,000
Overtime/Snow Removal 1,500,000
Overload 2,750,000
Benefits 2,700,000
Stipends, Waivers & Scholarships 6,300,000
Campus Improvements 1,500,000
Total Expenditures $170,654,854
Debt Service:  
Series 2003D 2,151,000
Series 2005A 556,000
Series 2006A 30,300
Series 2007D 2,624,246
Series 2009A 9,720,000
Series 2010 EFA (CSTME Equipment) 1,114,000
Series 2014C 11,500
Series 2014 EFA - ELF 81,100
Series 2014A EFA - CIF 189,000
Series 2015 H 8,540,000
Total Debt Service $25,017,146
Capital Projects 1,500,000
Deferred Maintenance 1,000,000
Mandatory Transfers 100,000
TOTAL EXPENDITURES & TRANSFERS $198,272,000
NET OPERATING RESULTS-MAIN CAMPUS ($6,904,000)
   
KEAN/OCEAN-REVENUE 12,604,000
KEAN/OCEAN-EXPENDITURES 3,800,000
DISTANCE LEARNING PROJECT 600,000
KEAN/OCEAN-Investment 1,300,000
  $6,904,000
NET OPERATING RESULTS-UNIVERSITY 0

Inner Page Footer