Kean University FY2010 Estimated Budget

Revenue

FY2010 ESTIMATE

State Appropriations:

Base

$36,650,000

Plus to Base : Liberty Hall Museum

$750,000

Total State Appropriations

$37,400,000

Salary Program

0

Total State Funding

$37,400,000

Tuition-Kean

$73,791,506

Fees-Kean (Credit)

$30,519,547

Fees-Kean (Non-Credit)

$1,545,000

All Other Revenue

$4,572,447

Total University Revenue

$110,428,500

TOTAL REVENUE

$147,828,500

Expenditures & Transfers

FY2010 ESTIMATE

Material & Supplies

$13,801,000

Services

$11,727,000

Maintenance & Fixed Charges

$1,946,000

Special Purpose

$1,081,000

Equipment & Improvements

$2,019,000

Science & Technology Education

$842,000

Science, Technology & Mathematics Teachers

$800,000

Science & Technology Scholarships

$625,000

Teacher Preparation

$580,000

Emerging Needs ( J.C.)

$180,000

Liberty Hall

$750,000

Book Vouchers

$55,000

Administrative Bank Charges

$41,000

Bad Debt Expense

$450,000

Sick Leave Liability

$230,000

Vacation Leave Liability

$171,000

Salaries

- Salary-Others

$2,911,000

- Regular**

$76,974,000

- Adjunct

$12,376,000

- Overtime/Snow Removal

$1,000,000

- Overload

$1,868,000

Benefits

$1,586,000

Research and Development

$1,000,000

Stipends, Waivers & Scholarships

$5,047,000

Improvements

- Campus Improvements

$1,000,000

- Quality First Initiatives

$53,000

Total Expenditures

$135,113,000

Debt Service:

- Equipment Leasing Fund

$135,500

- Series 2007

0

- Series 2007D

$1,317,000

- Series 2009A

$6,076,000

- Capital Improvement Fund

$616,000

- Series 2005B

$1,545,000

- Series 2005D

$626,000

Total Debt Service

$10,315,500

Capital Projects

$2,300,000

Mandatory Transfers

$100,000

TOTAL EXPENDITURES & TRANSFERS

$147,828,500

Net Operating Results-Main Campus*

$0

Kean at Ocean - Revenue

$4,661,887

Kean at Ocean - Expenditures

$2,681,850

Kean at Ocean - Lease Agreement

$650,000

Net Operating Results-University

$1,330,037