| |
|
| Fiscal Year 2008 Estimated Budget |
| Revenue |
|
FY08 ESTIMATE
8500 FTE'S-5.87%
TUITION INCREASE |
| State Appropriations: |
|
| Base: |
40,484,000 |
| Plus to Base: Science, Tech, & Math Teachers |
750,000 |
| Reduction to Base: |
|
| Total State Appropriations |
41,234,000 |
| Salary Program |
|
| Total State Funding |
41,234,000 |
| Tuition-Kean |
67,006,076 |
| Fees-Kean (Credit) |
26,017,527 |
| Fees-Kean (Non-Credit) |
1,545,000 |
| Tuition-Ocean County College |
1,757,744 |
| Fees-Ocean County College |
820,996 |
| Kean Foundation-Library Addition |
860,000 |
| All Other Revenue |
5,685,150 |
| Total University Revenue |
103,692,493 |
| Prior Year Fund Balance |
2,897,362 |
| TOTAL REVENUE |
147,823,855 |
| |
|
| Expenditures & Transfers |
| |
FY2008 ESTIMATE |
| Material & Supplies |
11,480,000 |
| Services |
11,981,332 |
| Maintenance & Fixed Charges |
3,402,474 |
Special Purpose
|
605,000 |
| Equipment & Improvements |
2,421,000 |
| Science & Technology Education |
841,234 |
| Science, Technology & Mathematics Teachers |
750,000 |
| Science & Technology Scholarships |
346,833 |
| Teacher Preparation |
580,000 |
| Emerging Needs (J.C.) |
180,000 |
| Liberty Hall |
200,000 |
 |
Book Vouchers |
147,800 |
| |
Administrative Bank Charges |
25,000 |
| |
Bad Debt Expense |
450,000 |
| |
Sick Leave Liability |
218,900 |
| |
Vacation Leave Liability |
162,400 |
|
| Salaries |
|
|
Salary-Others |
3,225,002 |
| |
Regular |
73,108,955 |
| |
New Faculty |
2,000,000 |
| |
Adjunct |
8,907,424 |
| |
Overtime/Snow Removal |
677,534 |
| |
Overload |
1,592,349 |
|
| Benefits |
4,248,782 |
| Stipends & Waivers & Scholarships |
4,731,054 |
| Improvements |
|
| |
Campus Improvements |
1,188,964 |
| |
Quality First Initiatives |
100,000 |
|
| Total Expenditures |
127,385,140 |
| Debt Service |
|
|
Equipment Leasing Fund |
135,681 |
| |
Series 2007 |
6,422,460 |
| |
Capital Improvement Fund |
618,434 |
| |
Series 2005B |
299,015 |
| |
CAS & Others |
625,946 |
|
| Total Debt Service |
8,101,536 |
| Capital Projects |
4,978,668 |
| Capital Project-Library Addition |
860,000 |
| Mandatory Transfers |
311,614 |
| TOTAL EXPENDITURES & TRANSFERS |
147,823,855 |
| Net Operating Results |
0 |
|
|
