2012 OPERATING BUDGET AND PLANFY 2011 to FY 2012. The undergraduate out-of-state tuition was increased by 1.3% over FY 2011. The total estimate for tuition revenue in FY 2012 is $137,747,765

2012 OPERATING BUDGET AND PLANDIVISION OF ADMINISTRATION & FINANCE – SEPTEMBER 2011

2012 OPERATING BUDGET AND PLAN

1

INTRODUCTION ....................................................................................... 2

EXECUTIVE SUMMARY ............................................................................ 3

UNIVERSITY REVENUE SUMMARY ......................................................... 5

UNIVERSITY EXPENDITURE SUMMARY .................................................. 7

EDUCATION & GENERAL STATE-ASSISTED RESOURCE ALLOCATION ....................................................................... 12

EDUCATION & GENERAL SELF-SUPPORT RESOURCE ALLOCATION ....................................................................... 20

AUXILIARY ENTERPRISES RESOURCE ALLOCATION ............................. 26

RESTRICTED RESOURCE ALLOCATION .................................................. 35

CAPITAL BUDGET PROJECTS ................................................................. 39

ACKNOWLEDGEMENTS ......................................................................... 41

GLOSSARY .............................................................................................. 42


2

The FY 2012 Operating Budget and Plan for Towson University presents a detailed picture of the institution’s internal 2011-2012 budget as of September 2011. This includes information concern-ing resources allocated and revenues generated and expended in FY 2011 and FY 2012.

The budget culminates from external policy decisions made by the Maryland State General Assembly and University System of Maryland (USM) Board of Regents, and internal decisions imple-mented by the university’s executive staff with guidance from the Resource Planning and Advisory Committee. This document explicates a few of the many fiscal decisions made each year to provide a greater understanding of the overall budget.

A thorough understanding of an institution’s budgetary decisions calls for a comprehensive knowledge of that institution and its long-term goals. To meet this end, the FY 2012 Operating Budget and Plan presents a brief institutional profile, descriptions of ma-jor grants and contracts active in FY 2012 and a capital funding report containing the university’s state-assisted and system-funded capital projects as they relate to the campus master plan.

FY 2011 and FY 2012 Annual Tuition and Fees for Full-Time Undergraduate Students

EXPENSE FY 2011 FY 2012 CHANGE

In-State Tuition $5,336 $5,496 $160

Out-of-State Tuition $16,794 $17,008 $214

Technology Fee $154 $160 $6

AUXILIARY FEES

Athletics $767 $798 $31

Auxiliary Services $407 $424 $17

Auxiliary Services – Construction $912 $948 $36

Student Services – SGA $80 $80 $0

Total Fees $2,320 $2,410 $90

Total In-State Cost, Tuition and Fees $7,656 $7,906 $250

Total Out-of-State Cost, Tuition and Fees $19,114 $19,418 $304

TUITION AND FEES

Increased costs in areas such as employee benefits impact the ability to maintain and operate the university without ad-ditional resources. Towson is mindful of the burden tuition places on students and strives to limit tuition and fee increases wherever possible; however, tuition revenue is currently the largest portion of Towson’s revenue and is used to generate much of the university’s operating funds.

TU at a GlanceFall 2011• 21,900 total students*

• 3,188totalemployees*

• 17:1studenttofacultyratio*

• 328acres

• 50academicandauxiliary structures on campus

• 5,230degreesandcertificates awarded to the class of 2011

*EstimatedasofSeptember1,2011

• 2,550firstyear,degree-seekingfirst-timestudents enrolled full-time*

• 86.2%ofnewfull-timefreshmenlivingoncampus*

• $7,906peryearfortuition and fees for in-statefull-timeundergraduates

• $19,418peryearfortuition and fees for out-of-statefull-timeundergraduates

INTRODUCTION


3

EXECUTIVE SUMMARY

Towson University’s internal operating budget is comprised of three fund sources, as listed below.

EDUCATION AND GENERAL (E&G) $267,561,076Towson University’s education and general budget is comprised of state-assisted funds and self-supported funds.

EducationandGeneral(E&G):State-Assisted $247,352,402

Towson University’s total state-assisted support for FY 2012 is budgeted at $247.3 million and derives from two main revenue streams; $90.9 million from state appropriations and $156.4 mil-lion from fall/spring tuition and fees, interest earnings, late fees, fines, and miscellaneous sales (campus revenues).

From FY 2011 to FY 2012, the state appropriations rose from $89.9 million to $90.9 million, an increase of $1.0 million or 1.1%. The campus plans to raise its revenue from $144.4 million in FY 2011 to $156.4 million in FY 2012, a $12.0 million or 8.3% increase. This will stem from additional enrollment, ap-proved tuition and fee rate increases, and open revenue from the Towson Learning Network’s shift from the self-support budget to the state-assisted budget.

Central and the Contingency Reserve will provide funding for unplanned expenses and possible future reductions. This budget includes a $4.6 million Contingency Reserve for the university. The resource allocation for the E&G State-Assisted budget can be found on page 12 of this document.

Education&General:Self-Supported $20,208,674

Towson University’s total self-support for FY 2012 is budgeted at $20.2 million. Individual departments within the self-supported area will provide $96,724 towards Towson’s 1% fund balance goal. The resource allocation for self-supported funds is found on page 20 of this document.

Self-supported accounts are required to spend within the plan approved or the revenues generated, whichever is less. Revisions to the plan must be documented and submitted to the University Budget Office via the divisional vice president. The University Budget Office will adjust the budget and notify the vice president

when all necessary approvals have been received. The adjusted budget can be implemented upon receipt of notification.

AUXILIARY ENTERPRISES $102,877,095

Auxiliary Enterprises’ total support for FY 2012 is budgeted at $102.9 million, comprised of $63.4 million from self-generated revenue and $39.5 million from student fee revenue.

The self-generated funds are budgeted to rise from $59.9 mil-lion in FY 2011 to $63.4 million in FY 2012, an increase of $3.5 million or 5.8%. The student fee revenue is planned to rise from $37.3 million in FY 2011 to $39.5 million in FY 2012, an increase of $2.2 million or 5.9%.

The resource allocation for the Auxiliary Enterprises budget is found on page 26 of this document. RESTRICTED $44,390,007

Towson’s restricted fund resources for FY 2012 are budgeted at $44.4 million. These funds are budgeted to rise from $40.4 mil-lion in FY 2011 to $44.4 million in FY 2012, an increase of $4 million or 9.9%. Additional information on restricted resource allocation grants and contracts can be found in this document on page 35.

TOTAL REVENUE $414,828,178

Total Budget (inmillions)

Total Revenue $414.8

TotalExpenditures $411.2

Balance $3.6

The remaining balance of the budget goes toward the university’s fund balance requirement, which is mandated by the USM in order to maintain favorable bond interest rates.


4

EXECUTIVE SUMMARY

General Fund Changes – FY 2011 to FY 2012General Funds

BalancefromFY2011OperatingBudget&PlanBook $89,944,941

Reallocation of new facilities -$95,565

Tuitionreplacement $1,390,255

Healthandpensionreduction -$1,472,176

$750 Bonus $1,334,281

DBMstatewideacrosstheboardreduction -$177,256

Total $90,924,480

Actions of the General Assembly and Executive Branch

The University System of Maryland’s general fund appro-priation (Governor’s Allowance) for FY 2012 increased from $1,056,405,873 in FY 2011 to $1,060,360,084 in FY 2012. The total increase to the USM appropriation was $3,954,211, of which Towson University received $979,539. TU’s total allocation

from the general fund increased from $89,944,941 in FY 2011 to $90,924,480 in FY 2012. However, there is a possibility of future reductions to the fund. To accommodate for these reductions, the university has set aside an additional $2.5 million in the university contingency department.


5

UNIVERSITY REVENUE SUMMARY

Towson University receives revenue from six main sources. These sources are listed below along with their total revenue stream and a description of what that stream contains. Page 6 shows additional information on the breakdown of these sources.

STATE APPROPRIATIONS $90,924,480

State appropriations are estimated to be $90.9 million in FY 2012; $979,539 more than what was originally budgeted in FY 2011. This is an approximately 1.1% increase over FY 2011 and is comprised of tuition supplement funds and the funds to support the $750 employee bonus, which offsets increases in the health and pension benefits rates.

FALL/SPRING TUITION AND FEES $156,427,922

This category includes graduate and undergraduate in-state and out-of-state tuition collected in the fall and spring semesters. Beginning in FY 2012, tuition revenue from open courses within the Towson Learning Network is also included in this category. Undergraduate in-state tuition costs were increased by 3.0% from FY 2011 to FY 2012. The undergraduate out-of-state tuition was increased by 1.3% over FY 2011. The total estimate for tuition revenue in FY 2012 is $137,747,765.

The technology fee was increased by 3.9% from FY 2011 to FY 2012. The total estimate for technology fee revenue in FY 2012 is $2,890,560.

Student user fees include overload surcharge fees, application fees, music fees, transcript fees, international student fees, registration/enrollment fees, and lab/class fees. The total estimate for student user fee revenue in FY 2012 is $4,634,375.

Since the summer and minimester terms are considered self-supported functions, they are assessed a flat overhead charge. This overhead charge covers the terms’ administrative costs, which are performed in the state-assisted area. The total estimate for over-head revenue is $3,027,916.

Indirect cost recovery from auxiliary and self-supported areas (excluding summer and minimester operations) cover the cost of administrative duties performed in the state-assisted area for these operations. The total estimate for indirect cost recovery revenue in FY 2012 is $5,073,019.

Other types of fees and revenue included in this category are diploma replacement costs, Bursar’s fees (such as fees on returned checks), health center fees, judicial fines, revenue from TU pro-grams at the USM’s institute at Hagerstown, interest, library fines, and indirect cost recovery from grants and contract activity. The total estimate for other fees and revenue in FY 2012 is $3,054,287.

SELF-SUPPORT $20,208,674

This category includes all self-generating revenue within the self-supported area. It is estimated to produce $487,400 more than originally budgeted in FY 2011. This is an approximately 2.5% increase over FY 2011.

AUXILIARY ENTERPRISES $102,877,095

This category includes auxiliary student fees and self-generated revenue from Auxiliary areas such as housing, dining, the Uni-versity Store, and athletics. The student fee revenue is estimated to produce $39.5 million in FY 2012; $2.2 million more than originally budgeted in FY 2011. This is an approximately 5.9% increase over FY 2011. The self-generated revenue is estimated to produce $63.4 million in FY 2012; $3.5 million more than originally budgeted in FY 2011. This is an approximately 5.8% increase over FY 2011.

FEDERAL GRANTS/CONTRACTS $22,764,107

This category includes revenue generated from all federal grants and contracts. Use of these revenues is restricted to the terms of the grant or contract from which the revenues were received.

PRIVATE GIFTS/CONTRACTS $21,625,900

This category includes revenue generated from private, state, and local grants and gifts. Use of these revenues is restricted to the terms of the gift or contract from which the revenues were received.

TOTAL BASE REVENUE $414,828,178

University Revenue Summary ($ in thousands)

Revenue Categories

Original Budget FY 2011

Proposed FY 2012

EDUCATION AND GENERAL

StateAppropriations $89,944.9 $90,924.5

Fall/SpringTuitionandFees $144,367.3 $156,427.9

Self-Support $19,721.2 $20,208.6

Federal Grants/Contracts $18,764.1 $22,764.1

PrivateGifts/Contracts $21,625.9 $21,625.9

Total Education and General $294,423.4 $311,951.0

AUXILIARY ENTERPRISES

TotalAuxiliaryEnterprises $97,226.3 $102,877.1

Total University $391,649.7 $414,828.1


6

Auxiliary Enterprises Revenue Analysis

This graph shows the breakdown of revenue sources within the university’s Auxiliary Enterprises. Auxiliary Enterprises include all activities within the university that furnish goods or services to stu-dents, faculty or staff and charge a fee directly related to—although not necessarily equal to—the cost of the goods or services. Examples of Auxiliary Enterprises include Dining Services and the University Store.

UNIVERSITY REVENUE SUMMARY

Revenue Comparison by Source

This graph shows the breakdown of revenue sources for the university as a whole, including state-assisted, self-supported and auxiliary revenues. As you can see, tuition and fees continue to provide the largest revenue stream for the university.

Total FY 2011 $97,226.2 Total FY 2012 $102,877.1

Total FY 2011 $391,649.7 Total FY 2012 $414,828.1

State Appropria+ons 23.0%

Fall/Spring Tui+on and Fees

36.9%

Self‐Supported

5.0%

Restricted

10.3%

Auxiliary Enterprises 24.8%

State Appropria+ons 21.9%

Fall/Spring Tui+on and Fees

37.7%

Self‐Supported

4.9%

Restricted

10.7%

Auxiliary Enterprises 24.8%

Self‐Generated Revenue

61.6%

Auxiliary Fee

24.7%

Athle=c Fee

13.7%

Self‐Generated Revenue

61.6%

Auxiliary Fee

24.4%

Athle<c Fee

14.0%


7

UNIVERSITY EXPENDITURE SUMMARY

FY 2011 State-Assisted Self-Supported Subtotal Auxiliary Restricted Grand Total

Regular Salaries, Wages & Fringe Benefits

134,649,024 2,948,132 137,597,156 16,979,622 515,695 155,092,473

Contingent Salaries, Wages & Fringe Benefits

11,517,463 13,688,353 25,205,816 4,004,874 9,738,223 38,948,913

OperatingExpenses 60,703,580 2,303,534 63,007,114 70,543,708 9,635,795 143,186,617

Scholarships 25,170,059 127,090 25,297,149 4,561,577 20,500,294 50,359,020

Total 232,040,126 19,067,109 251,107,235 96,089,781 40,390,007 387,587,023

FY 2012 State-Assisted Self-Supported Subtotal Auxiliary Restricted Grand Total

Regular Salaries, Wages & Fringe Benefits

139,896,221 2,788,312 142,684,533 18,229,008 515,695 161,429,236

Contingent Salaries, Wages & Fringe Benefits

15,934,701 13,873,736 29,808,437 4,426,471 9,654,027 43,888,935

OperatingExpenses 62,750,979 2,403,832 65,154,811 75,639,618 12,635,795 153,430,224

Scholarships 26,549,576 188,377 26,737,953 4,153,733 21,584,490 52,476,176

Total 245,131,477 19,254,257 264,385,734 102,448,830 44,390,007 411,224,571

Towson University Expenditures – FY 2012

Towson University’s personnel, operating and scholarship expenses are funded by state-assisted, self-supported, auxiliary and restricted revenue streams. The chart below shows what each revenue stream contributes to the payment of university expenses.

REGULAR SALARIES, WAGES & FRINGE BENEFITS $161,429,236

This category includes all salary and fringe benefit expenses associated with employees hired in a state authorized position (SAP).

CONTINGENT SALARIES, WAGES & FRINGE BENEFITS $43,888,935

This category includes all salary and fringe benefit expenses associated with employees hired on a contractual or temporary basis, including student workers.

OPERATING EXPENSES $153,430,224

This category includes all operating expenses for university departments, including supplies, equipment, communications, travel, contractual services, fixed costs, and renewal and replacement costs.

SCHOLARSHIPS $52,476,176

This category includes all expenses for student awards, including scholarships, tuition remission and graduate assistantships.

TOTAL EXPENDITURES $411,224,571


8


State-Assisted Expenses by Category

This graph shows the categorical breakdown of expenditure sources within the university’s state-assisted budgets. It does not include the sources of expenditures within the auxiliary area. Regular wages, salaries and fringe benefits continue to be the university’s greatest expenditure.

State-Assisted Expenses by Division

This graph shows the divisional breakdown of expenditures within the university’s state-assisted budgets. It does not include expenditures that fall within the auxiliary area. The greatest expense continues to go to the Academic Affairs Division in direct support of the university’s mission.

Total FY 2011 $232,040.1 Total FY 2012 $245,131.5

Total FY 2011 $232,040.1 Total FY 2012 $245,131.5

Execu&ve

1.0%

Academic Affairs 49.9%

ECO

0.4%

Student Affairs 3.2%

Administra&on & Finance

19.9%

University Advancement

3.1%

Financial Aid

11.1%

Central

9.4%

Con&ngency

1.9% Execu&ve

1.2% Academic Affairs

49.1%

ECO

0.4%


Administra&on & Finance

21.2%


3.3%

Financial Aid

11.1%

Central

9.2%

Con&ngency

1.1%

Regular Salaries,

Wages & Fringe

Benefits

58.0%

Con;ngent Salaries,

Wages & Fringe

Benefits

5.0%

Scholarships

10.8%

Opera;ng

Expenses

26.2%

Regular Salaries,

Wages & Fringe

Benefits

57.1%

Con;ngent Salaries,

Wages & Fringe

Benefits

6.5%

Scholarships

10.8%

Opera;ng

Expenses

25.6%


9


Self-Support Expenses by Category

This graph shows the categorical breakdown of expenditure sources within the university’s self-support budgets. It does not include the sources of expenditures within the auxiliary area. Contingent wages, salaries and fringe benefits continue to be the greatest expenditure within the self-support area.

Total FY 2011 $19,067.1 Total FY 2012 $19,254.3

Self-Support Expenses by Division

This graph shows the divisional breakdown of expenditures within the university’s self-support budgets. It does not include expenditures that fall within the auxiliary area. The greatest expense continues to be from the Academic Affairs Division in direct support of the university’s mission.

Total FY 2011 $19,067.1 Total FY 2012 $19,254.3

Regular Salaries,

Wages & Fringe Benefits

15.5%

Con:ngent Salaries,


71.8%

Scholarships

0.7%

Opera:ng

Expenses

12.1% Regular Salaries,


14.5%

Con;ngent Salaries,


72.1%

Scholarships

1.0%

Opera;ng

Expenses

12.5%

Academic Affairs

81.2%

ECO

9.9%

Student Affairs

0.9%

Administra:on &

Finance

8.0%

FY 2011

Academic Affairs

82.0%

ECO

9.7%


Administra;on &

Finance

7.4%

FY 2012


10

Auxiliary Enterprises Expenses by Category

This graph shows the categorical breakdown of expenditure sources within the university’s auxiliary budgets. Operating expenses continue to be the greatest expenditure within Auxiliary Enterprises.

Auxiliary Enterprises Expenses by Division

This graph shows the divisional breakdown of expenditures within the university’s auxiliary budgets. The greatest expense continues to be from the Administration & Finance Division, which contains the majority of the university’s Auxiliary Enterprises.


Total FY 2011 $96,089.8 Total FY 2012 $102,448.8

Total FY 2011 $96,089.8 Total FY 2012 $102,448.8

Regular Salaries,

Wages & Fringe

Benefits

17.7%

Con:ngent

Salaries, Wages

& Fringe

Benefits

4.2%

Opera:ng Expenses

73.4%

Scholarships

4.7%

Regular Salaries,

Wages & Fringe

Benefits

17.9% Con;ngent

Salaries, Wages

& Fringe

Benefits

4.3%

Opera;ng

Expenses

73.7%

Scholarships

4.1%

Athle'cs


0.3%

Student Affairs 22.6% Administra'on &

Finance

49.8%


0.8%

Central 8.0%

Con'ngency

2.1%

Athle'cs


0.3%


Administra'on &

Finance

48.7%


0.8%

Central 7.0%

Con'ngency

2.0%


11

Auxiliary Enterprises Expenses by Function

This graph shows the departmental and/or functional breakdown of expenditures within the university’s Auxiliary Enterprises.


Total FY 2011 $96,089.8 Total FY 2012 $102,448.8

Athle'cs

16.2%

University

Store

10.4%

Dining

17.4%

Housing &

Residence Life

18.8%

Events, Union &

West Village

7.4%

Parking

5.7%

Other

13.9%

TU MarrioQ

2.7%

Child Care

Center

1.1%

Debt Reserve

3.2%

Reserve & Fund

Balance

3.2%

Athle'cs

16.2%

University

Store

10.4%

Dining

17.4%

Housing &

Residence Life

18.8%

Events, Union &

West Village

7.4%

Parking

5.7%

Other

13.9%

TU MarrioQ

2.7%

Child Care

Center

1.1%

Debt Reserve

3.2%

Reserve & Fund

Balance

3.2%

Athle'cs

17.6%

University

Store

8.9%

Dining

17.4%

Housing &

Residence Life

20.2%

Events, Union &

West Village

8.6%

Parking

7.5%

Other

13.4%

TU MarrioQ

2.5%

Child Care

Center

1.0%

Debt Reserve

0.5%

Reserve & Fund

Balance

2.4%


12

EDUCATION AND GENERAL STATE-ASSISTED RESOURCE ALLOCATION

Towson University’s FY 2012 State-Assisted Budget

The E&G State-Assisted funds cover mandatory expenditures such as faculty promotions, system-wide debt service, fringe benefit increases, need-based student financial aid, new facilities operations and the fund balance requirement. The estimated FY 2012 budget distribution by division is listed in the table below. Additional details on each division’s budget are listed on the following pages.

Revenue Budget 247,352,402

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total Expenditure Budget

President'sOffice 1,822,570 37,055 11,655 641,190 2,512,470

AcademicAffairs 93,823,618 14,273,990 12,935 14,179,189 122,289,732

Economic&CommunityOutreach 784,873 72,196 0 237,984 1,095,053

Student Affairs 5,758,934 504,075 92,238 1,398,718 7,753,965

Administration&Finance 32,993,597 789,627 0 15,034,222 48,817,446

UniversityAdvancement 5,210,123 257,758 21,000 2,162,029 7,650,910

Financial Aid 817,338 0 26,411,748 0 27,229,086

Central 685,168 0 0 24,469,222 25,154,390

University Contingency 0 0 0 4,628,425 4,628,425

Total 141,896,219 15,934,701 26,549,576 62,750,979 247,131,477

Turnover Target -2,000,000

Grand Total 245,131,477

Fund Balance Target 2,220,925


13


EXECUTIVE DIVISION $2,512,470

FY2011originalbudgetallocation $2,710,934

RestorationofFY2011furloughreduction $34,432

Reallocationof4%FY2011reduction ($123,104)

Towson 2010 initiative funding reduction ($129,792)

Attorney General Office allocation $20,000

Total FY 2012 budget allocation $2,512,470

FY 2012 Executive Division Budget Allocation President's Office

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

Total 1,822,570 37,055 11,655 641,190 2,512,470

The chart to the left details the formulation of the FY 2012 budget allocation for the Executive Division. It begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include a reduction in funding associated with the conclusion of the university’s strategic plan, Towson 2010.


14


ACADEMIC AFFAIRS DIVISION $122,289,732


RestorationofFY2011furloughreduction $1,736,365

Reallocationof4%FY2011reduction ($5,107,331)

Facultypromotionfunding $576,555

20newfacultypositionsfunding $1,600,000

Part-timefacultyfunding $1,000,000

Adjunct cost increase funding $1,218,240

OpenTLNmovefromself-supporttostate-assisted $2,593,073

PDSone-timefundingremoved ($92,110)

40 lecturer funding reallocation $1,600,000

LIMSincreasereallocation $45,000

FacultyDevelopmentCenterreallocation $250,000

University Writing Center reallocation $250,000

Reorganization of University Research Services reallocation $200,000

Commencementincreasefunding $50,000

Operatingcostreallocation $2,506,221


FY 2012 Academic Affairs Division Budget Allocation Academic Affairs

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

AcademicAffairsAdministration 5,791,435 11,396,031 0 5,646,702 22,834,168

AcademicStudentServices 1,476,625 313,008 0 106,993 1,896,626

CollegeofBusiness&Economics 12,034,881 69,325 6,000 464,675 12,574,881

College of Education & Instructional Technology 7,326,013 415,900 0 424,100 8,166,013

CollegeofFineArts&Communications 10,970,608 392,642 0 1,182,358 12,545,608

College of Graduate Education & Research 930,952 792,908 0 357,092 2,080,952

CollegeofHealthProfessions 11,016,766 104,339 0 735,661 11,856,766

CollegeofLiberalArts 18,201,584 157,997 0 702,003 19,061,584

EnrollmentManagement 5,793,587 270,820 0 654,180 6,718,587

FisherCollegeofScience&Mathematics 16,438,688 201,800 0 1,318,200 17,958,688

InterdisciplinaryProgram 0 0 0 10,000 10,000

InternationalPrograms 414,805 74,220 6,935 38,845 534,805

Library 3,427,674 85,000 0 2,538,380 6,051,054

Total 93,823,618 14,273,990 12,935 14,179,189 122,289,732

The chart to the left details the formulation of the FY 2012 budget allocation for the Academic Affairs Division. It begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include reallocations from the 4% budget reduction in FY 2011 as well as funding increases for faculty promotions and new faculty positions. Academic Affairs also received an increase associated with revenue from open Towson Learning Network courses being moved from the self-support budget to the state-assisted budget.


15

ECONOMIC & COMMUNITY OUTREACH DIVISION $1,095,053

FY2011originalbudgetallocation $994,815



Operatingcostreallocation $131,000


FY 2012 Economic & Community Outreach Division Budget Allocation Economic Community Outreach

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

Total 784,873 72,196 0 237,984 1,095,053

The chart to the left details the formulation of the FY 2012 budget allocation for the Economic and Community Outreach Division. It begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include an operating budget reallocation from the 4% budget reduction in FY 2011.


STUDENT AFFAIRS DIVISION $7,753,965




Health Center reduction ($58,325)

Newpositionsreallocation $193,000



FY 2012 Student Affairs Division Budget Allocation Student Affairs

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

CampusLife 389,535 80,036 8,088 218,705 696,364

Office of Diversity 607,452 35,340 0 108,191 750,983

StudentAffairsAdministration 940,519 26,036 26,088 271,978 1,264,621

StudentDevelopmentPrograms 3,821,428 362,663 58,062 799,844 5,041,997

Total 5,758,934 504,075 92,238 1,398,718 7,753,965

The chart to the left details the formulation of the FY 2012 budget allocation for the Student Affairs Division. It begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include a reduction to the Health Center budget in order to match their expected FY 2012 revenue, and reallocations from the 4% budget reduction in FY 2011 which will go toward new positions and operating costs.


16

ADMINISTRATION & FINANCE DIVISION $48,817,466



Reallocationof4%FY2011reduction ($2,204,334)

OTSandFacilitiesManagementpositionsfunding $424,194


FuturePerfectsoftwarefunding $50,000

PACSprojectfunding $63,680



FY 2012 Administration & Finance Division Budget Allocation Administration & Finance

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

Administration&FinanceVP 1,210,909 30,700 0 363,435 1,605,044

Auxiliary Services 413,957 65,428 0 13,930 493,315

FacilitiesManagement 8,990,556 99,547 0 9,219,726 18,309,829

FiscalPlanning&Services 5,716,259 92,076 0 578,686 6,387,021

HumanResources 1,717,989 19,713 0 207,886 1,945,588

InformationTechnologyServices 9,326,219 342,865 0 4,107,907 13,776,991

PublicSafety 5,617,708 139,298 0 542,652 6,299,658

Total 32,993,597 789,627 0 15,034,222 48,817,446

The chart to the left details the formulation of the FY 2012 budget allocation for the Administration and Finance Division. It begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include reallocations from the 4% budget reduction in FY 2011 which will go toward new positions, operating costs, a new budget forecasting tool and the implementation of the Payroll Authorization Consolidation Site (PACS) project.



17


UNIVERSITY ADVANCEMENT DIVISION $7,650,910






FY 2012 University Advancement Division Budget Allocation University Advancement

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

Development&Alumni 2,183,502 9,200 0 642,129 2,834,831

UniversityAdvancement 875,903 0 0 224,052 1,099,955

University Marketing 2,150,718 248,558 21,000 1,295,848 3,716,124

Total 5,210,123 257,758 21,000 2,162,029 7,650,910

The chart to the left details the formulation of the FY 2012 bud-get allocation for the University Advancement Division. It begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include real-locations from the 4% budget reduction in FY 2011 which will go toward new positions.

FINANCIAL AID $27,229,086


IGscholarshipincreasefunding $1,472,406


FY 2012 Financial Aid Budget Allocation Financial Aid

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

Diversity Grants 0 0 929,812 0 929,812

FinancialAidStudents-DepartmentSupported 0 0 12,000 0 12,000

Financial Aid Students - Restricted 0 0 130,000 0 130,000

FinancialAidStudents-TuitionSupportedAid 0 0 23,861,561 0 23,861,561

Financial Aid Students - Waivers 817,338 0 1,478,375 0 2,295,713

Total 817,338 0 26,411,748 0 27,229,086

The chart to the left details the formulation of the FY 2012 budget allocation for the Financial Aid Division. It begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include an increase in funding for institutional grant scholarships.


18


CENTRAL DIVISION $25,154,390


RestorationofFY2011furloughreduction $0


Technology cost increase funding $120,560

Debtserviceincreasefunding $284,166

Newfacilitiesoperatingcostfunding $1,857,800

7400YorkRoadfunding $340,000


FY 2012 Central Division Budget Allocation Central

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

Workers’Compensation/ShadyGrove 685,168 0 0 65,000 750,168

University-Wide Design Budget 0 0 0 1,401,135 1,401,135

TUSC 12,000 12,000

AnnualPicnic/Insurance&Contracts 925,000 925,000

NewFacilitiesOperations 1,857,800 1,857,800

SnowRemoval/Smoke-FreeOperations 330,000 330,000

Student Technology 2,890,560 2,890,560

PCReplacement 250,000 250,000

Utilities 7,950,304 7,950,304

7400YorkRoad 680,000 680,000

AcademicRevenueBondPayments 8,107,423 8,107,423

Total 685,168 0 0 24,469,222 25,154,390

The chart to the left details the formulation of the FY 2012 bud-get allocation for the Central Division, which provides funding for general projects and needs throughout the university. It begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include increases in technology and debt service funding and increases in funding to accommodate the operating costs of new campus buildings and rent in the 7400 York Road building.


19

UNIVERSITY CONTINGENCY $4,628,425


RestorationofFY2011furloughreduction $0


Holdforfuturepossiblereductions $2,500,000

Reallocated to divisions ($371,575)


FY 2012 University Contingency Budget Allocation University Contingency Reserve

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

Total 0 0 0 4,628,425 4,628,425

TURNOVER TARGET ($2,000,000)

The turnover target comes from anticipated position vacancies and allows $2,000,000 to be budgeted on the operating side for the university.

FY 2012 Turnover Budget Allocation Turnover Target

Regular Salaries

Contingent Salaries

Scholarships

Operating

Total

Total -2,000,000 0 0 0 -2,000,000

The chart to the left details the formulation of the FY 2012 budget allocation for the university’s contingency, which provides a reserve of funds for unplanned expenses and potential future reductions to state-assisted funds. The table begins with the FY 2011 budget and shows how subsequent adjustments resulted in the FY 2012 allocation. The adjustments include reallocations from the 4% budget reduction in FY 2011.



20

EDUCATION AND GENERAL SELF-SUPPORT RESOURCE ALLOCATION

Towson University’s FY 2012 Self-Support Budget

Self-support operations encompass revenues that are related to the conduct of instruction, research and public service, as well as revenues of activities that exist to provide instructional and laboratory experience for students but incidentally create goods and services that may be sold to students, faculty, staff and the general public. These operations include areas like the Regional Economic Studies Institute (RESI), summer session and minimester, which are not funded using regular academic year tuition and fees, but rather support themselves by generating their own revenue.

Self-supported operations contribute 1.0% of their annual revenues to the university’s fund balance account. Residual funds beyond this 1.0% contribution are available to support the respective area’s operations and can be budgeted in the current year. Areas may also be allowed to access their accumulated fund balances if the use of those funds does not negatively impact compliance with the USM directive. The university does have a limited ability to authorize the use of prior year fund balances, but expenditures must be coordinated with the University Budget Office before they are made. Upon receiving a request to use

prior year fund balance resources, the Budget Office will assess its impact on the total fund balance and work with the division to craft a financial plan that gives flexibility to the requesting area while maintaining compliance with the USM directive.

An overhead assessment of $3,027,916 is applied to summer session and minimester revenues, which is consistent with the FY 2011 actual overhead assessments. DECO is exempt from the fund balance requirement and indirect cost assessment for FY 2012. All other self-supported departments, including closed Towson Learning Network (TLN) courses, are assessed a 6.5% indirect cost assessment based on self-generated revenues (beginning in FY 2012, open TLN courses are now under the state-assisted budget). The indirect cost assessments generate a revenue stream that supplements state-assisted functions of the university. Self-supported departments must either spend within the plans submitted or the revenues generated—whichever is the least amount. Revisions to these plans must be documented and submitted to the Budget Office via the Divisional Budget Officer. Revisions should be presented on the E&G Budget Amendment form located on the Budget Office website.


21

Division/Unit

Revenue Expectations

Expenditure Expectations

Self

Generated

Revenue Transfer

Base Budget

IDC

Requirement

Fund Balance Requirement

Balance

Academic Affairs

AcademicAffairsAdministration 12,492,920 -1,584,500 9,901,972 236,620 56,654 713,174

AcademicStudentServices 0 10,000 7,000 0 0 3,000

CollegeofBusiness&Economics 0 12,258 200 0 0 12,058

College of Education & Instructional Technology

237,818 1,782,306 1,764,304 15,458 2,378 237,984

CollegeofFineArts&Communications 494,280 64,000 510,377 31,057 4,778 12,068

College of Graduate Education & Research 155,000 13,243 151,743 14,950 1,550 0

CollegeofHealthProfessions 732,935 231,214 791,780 47,513 7,309 117,547

CollegeofLiberalArts 727,137 75,267 730,281 47,265 7,271 17,587

EnrollmentManagement 135,325 0 57,000 8,796 1,353 68,176

FisherCollegeofScience&Mathematics 171,884 272,375 391,050 11,173 1,719 40,317

InternationalPrograms 1,180,429 -59,496 1,026,139 47,296 11,804 35,694

Total Academic Affairs 16,327,728 816,667 15,331,846 460,128 94,816 1,257,605

Economic & Community Outreach

Center for GIS 135,000 44,250 179,148 0 0 102

Economic&CommunityOutreach 0 0 450,000 0 0 -450,000

EEOL 872,560 173,750 1,046,148 0 0 162

R.E.S.I. 174,577 20,000 186,266 0 0 8,311

Total Economic & Community Outreach 1,182,137 238,000 1,861,562 0 0 -441,425

Student Affairs

CampusLife 85,000 0 72,900 5,525 850 5,725

StudentDevelopmentPrograms 71,000 0 101,323 4,615 710 -35,648

Total Student Affairs 156,000 0 174,223 10,140 1,560 -29,923

Administration & Finance

InformationTechnologyServices 1,584,866 0 1,414,096 2,262 348 168,160

Total Administration & Finance 1,584,866 0 1,414,096 2,262 348 168,160

Grand Total 1,054,667 18,781,727 472,530 96,724 954,417



22



Self Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expenses

AcademicAffairsAdministration 10,851,766 160,348 9,372,203 62,020 544,021 10,138,592

AcademicStudentServices 10,000 0 0 0 7,000 7,000

CollegeofBusiness&Economics 12,258 0 0 0 200 200

College of Education & Instructional Technology 2,017,746 435,831 891,159 45,124 407,648 1,779,762

CollegeofFineArts&Communications 553,502 112,936 212,552 0 215,946 541,434

College of Graduate Education & Research 166,693 41,735 23,390 0 101,568 166,693

CollegeofHealthProfessions 956,840 314,581 236,645 31,778 256,289 839,293

CollegeofLiberalArts 795,133 369,210 253,292 3,888 151,156 777,546

EnrollmentManagement 133,972 0 0 0 65,796 65,796

FisherCollegeofScience&Mathematics 442,540 0 157,206 27,525 217,492 402,223

InternationalPrograms 1,109,129 249,955 112,597 0 710,883 1,073,435

Total 17,049,579 1,684,596 11,259,044 170,335 2,677,999 15,791,974

Operating Surplus/-Deficit (Revenue-Expenses)

1,257,605

ACADEMIC AFFAIRS DIVISION FY 2011 FY 2012Self-Generated Revenue 15,362,094 16,327,728

Revenue Transfer 468,196 816,667

FundBalanceRequirement (83,191) (94,816)

Total Revenue 15,747,099 17,049,579

Base Budget 14,924,849 15,331,846

IDCRequirement 554,054 460,128

TotalSpendingAuthority 15,478,903 15,791,974

Surplus/(Deficit) 268,196 1,257,605

The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the Academic Affairs Division.

Self-support operations within Academic Affairs include the Maryland Writing Project, the Children’s Dance Program, the Community Art Center, the English Language Center, the Speech and Language Hearing Clinic, and other programs to enrich the academic life of the campus community. Open Towson Learning Network courses have been moved to the state-assisted budget and are no longer included in self-support.


23

FY 2012 Economic & Community Outreach Division Budget Allocation Economic & Community Outreach

Self Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expenses

Center for GIS 179,250 169,928 852,303 0 -843,083 179,148

Economic&CommunityOutreach 0 25,220 4,207 0 420,573 450,000

EEOL 1,046,310 143,557 417,845 9,954 474,792 1,046,148

R.E.S.I. 194,577 206,538 1,265,537 0 -1,285,809 186,266

Total 1,420,137 545,243 2,539,892 9,954 -1,233,527 1,861,562


-441,425

ECONOMIC & COMMUNITY OUTREACH

FY 2011

FY 2012

Self-Generated Revenue 2,245,175 1,182,137

Revenue Transfer (183,250) 238,000

FundBalanceRequirement 0 0

Total Revenue 2,061,925 1,420,137

Base Budget 1,891,049 1,861,562

IDCRequirement 0 0


Surplus/(Deficit) 170,876 (441,425)

The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the Economic and Community Outreach Division.

Self-support operations within Economic and Community Out-reach include the Center for Applied Information Technology (CAIT), the Center for Geographic Information Systems (CGIS), Extended Education and Online Learning (EEOL), and the Region-al Economic Studies Institute (RESI). The Division was approved to use up to $450,000 of prior year funding during FY 2012; they currently plan to spend $441,425.



24



Self Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expenses

CampusLife 84,150 0 66,800 0 11,625 78,425

StudentDevelopmentPrograms 70,290 0 8,000 8,088 89,850 105,938

Total 154,440 0 74,800 8,088 101,475 184,363


-29,923

STUDENT AFFAIRS DIVISION FY 2011 FY 2012Self-Generated Revenue 166,438 156,000

Revenue Transfer 0 0

FundBalanceRequirement (1,664) (1,560)

Total Revenue 164,774 154,440

Base Budget 153,955 174,223


TotalSpendingAuthority 164,774 184,363

Surplus/(Deficit) 0 (29,923)

The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the Student Affairs Division.

Self-support operations within Student Affairs include the Tigerfish Aquatic program, the Hire@TU Job Fair and other programs geared toward student life.


25


Self Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expenses

InformationTechnologyServices 1,584,518 558,473 0 0 857,885 1,416,358

Total 1,584,518 558,473 0 0 857,885 1,416,358


168,160

The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the Administration and Finance Division, which is comprised of Telecommunications.

ADMINISTRATION & FINANCE DIVISION

FY 2011

FY 2012



FundBalanceRequirement (445) (348)

Total Revenue 1,662,055 1,584,518

Base Budget 1,529,488 1,414,096



Surplus/(Deficit) 129,674 168,160



26

Athletics

Academic Affairs

Student Affairs



Central

Total

Athletics Marching Band

Housing

Other SA Division

University Store

Dining

Events

Parking & Transportation

University Union

West Village

TU Marriott

University Child Care

Other AF Division

Auxiliary Design

Central & Contingency

Total

Self-Generating Revenue Budget 2,463,274 0 20,836,620 0 9,208,302 19,244,500 1,860,447 4,506,750 0 0 1,250,000 580,746 2,430,187 790,000 0 63,170,826

Obj01RegularPayroll 7,529,632 132,000 1,799,672 1,345,815 1,269,384 153,320 980,903 752,263 625,125 129,000 2,800 345,946 2,528,692 634,456 0 18,229,008

Obj02ContingentPayroll 1,065,532 63,200 868,548 520,672 210,665 7,500 332,654 536,345 79,892 137,709 0 254,468 306,286 43,000 0 4,426,471

Obj03Communications 223,857 200 54,400 18,295 29,020 3,700 17,300 25,000 10,450 9,125 1,500 4,900 61,546 5,660 0 464,953

Obj04Travel 1,579,524 8,000 44,500 37,825 8,500 2,500 7,100 7,000 3,500 2,500 0 0 31,487 11,635 0 1,744,071

Obj06Fuel&Utilities 0 0 2,824,684 65,119 73,037 414,463 397,744 122,315 406,103 123,635 765,308 53,685 440,426 0 0 5,686,519

Obj07Vehicles 4,000 0 2,500 2,000 700 32,000 8,500 193,348 0 0 400 420 3,400 0 0 247,268

Obj08ContractualServices 1,777,196 33,000 4,709,649 680,783 372,701 14,432,670 1,484,744 698,981 642,689 207,283 241,250 70,882 1,720,870 3,030 2,041,000 29,116,728

Obj09Supplies&Materials 1,187,139 84,740 223,179 289,586 6,611,525 50,238 60,100 62,880 11,200 7,200 35,000 54,934 385,583 15,700 0 9,079,004

Obj10EquipmentReplacement 47,366 0 3,334,069 2,000 17,800 175,000 16,000 12,500 212,198 18,800 5,000 0 88,234 0 0 3,928,967

Obj11EquipmentAdditional 85,247 0 0 67,513 5,900 75,000 2,500 1,300 12,000 8,000 0 4,063 32,059 4,000 0 297,582

Obj12Grants&Contributions 3,725,494 13,600 82,369 124,342 0 0 15,000 0 0 0 120,000 0 72,928 0 0 4,153,733

Obj13FixedCharges 193,191 0 1,047,700 18,635 2,500 2,050 5,200 2,615 0 0 55,000 540 34,665 7,700 0 1,369,796

Obj14Land&Structure 0 0 0 0 0 200,000 24,000 467,177 0 0 0 0 23,544 0 0 714,721

DebtServiceBondPayment 0 0 5,193,118 266,169 0 1,115,764 136,561 4,825,089 124,168 2,603,542 1,365,876 273,853 0 0 2,254,738 18,158,878

Internal IDC 654,865 0 559,732 0 598,540 1,250,893 0 0 0 0 0 0 88,218 51,350 1,627,535 4,831,133

Total Expenditure Budget 18,073,043 334,740 20,744,120 3,438,754 9,200,272 17,915,098 3,488,306 7,706,813 2,127,325 3,246,794 2,592,134 1,063,691 5,817,938 776,531 5,923,273 102,448,832


-15,609,769 -334,740 92,500 -3,438,754 8,030 1,329,402 -1,627,859 -3,200,063 -2,127,325 -3,246,794 -1,342,134 -482,945 -3,387,751 13,469 -5,923,273 -39,278,006

Transfer In/-Out 343,101 0 -92,500 0 0 0 0 0 0 0 0 0 0 0 0 250,601

Balance -15,266,668 -334,740 0 -3,438,754 8,030 1,329,402 -1,627,859 -3,200,063 -2,127,325 -3,246,794 -1,342,134 -482,945 -3,387,751 13,469 -5,923,273 -39,027,405

StudentFeeSupplement 14,416,668 334,740 0 3,438,754 0 0 1,627,859 3,200,063 2,127,325 3,246,794 1,342,134 482,945 3,315,113 0 5,923,273 39,455,668

Fund Balance Target -850,000 0 0 0 8,030 1,329,402 0 0 0 0 0 0 -72,638 13,469 0 428,263

Towson University’s FY 2012 Auxiliary Budget

Towson University’s Auxiliary Enterprises are activities that furnish goods or services to the campus community and charge a fee directly related to—though not necessarily equal to—the cost of the goods or services. The estimated FY 2012 budget distribution for Auxiliary Enterprises is listed in the table below. The indirect cost assessment (IDC) for auxiliary departments is 6.5%. Departments that receive student fees are not assessed this IDC; the assessment only affects departments with solely

self-generated revenue. It is the university’s intention to grow the IDC to 9.78% of the departments’ revenue. Any savings from vacant auxiliary position attrition earnings are held centrally. Additional details on each division’s budget are listed on the following pages.

AUXILIARY ENTERPRISES RESOURCE ALLOCATION


27

Athletics

Academic Affairs

Student Affairs



Central

Total

Athletics Marching Band

Housing

Other SA Division

University Store

Dining

Events

Parking & Transportation

University Union

West Village

TU Marriott

University Child Care

Other AF Division

Auxiliary Design

Central & Contingency

Total

Self-Generating Revenue Budget 2,463,274 0 20,836,620 0 9,208,302 19,244,500 1,860,447 4,506,750 0 0 1,250,000 580,746 2,430,187 790,000 0 63,170,826

Obj01RegularPayroll 7,529,632 132,000 1,799,672 1,345,815 1,269,384 153,320 980,903 752,263 625,125 129,000 2,800 345,946 2,528,692 634,456 0 18,229,008

Obj02ContingentPayroll 1,065,532 63,200 868,548 520,672 210,665 7,500 332,654 536,345 79,892 137,709 0 254,468 306,286 43,000 0 4,426,471

Obj03Communications 223,857 200 54,400 18,295 29,020 3,700 17,300 25,000 10,450 9,125 1,500 4,900 61,546 5,660 0 464,953

Obj04Travel 1,579,524 8,000 44,500 37,825 8,500 2,500 7,100 7,000 3,500 2,500 0 0 31,487 11,635 0 1,744,071

Obj06Fuel&Utilities 0 0 2,824,684 65,119 73,037 414,463 397,744 122,315 406,103 123,635 765,308 53,685 440,426 0 0 5,686,519

Obj07Vehicles 4,000 0 2,500 2,000 700 32,000 8,500 193,348 0 0 400 420 3,400 0 0 247,268

Obj08ContractualServices 1,777,196 33,000 4,709,649 680,783 372,701 14,432,670 1,484,744 698,981 642,689 207,283 241,250 70,882 1,720,870 3,030 2,041,000 29,116,728

Obj09Supplies&Materials 1,187,139 84,740 223,179 289,586 6,611,525 50,238 60,100 62,880 11,200 7,200 35,000 54,934 385,583 15,700 0 9,079,004

Obj10EquipmentReplacement 47,366 0 3,334,069 2,000 17,800 175,000 16,000 12,500 212,198 18,800 5,000 0 88,234 0 0 3,928,967

Obj11EquipmentAdditional 85,247 0 0 67,513 5,900 75,000 2,500 1,300 12,000 8,000 0 4,063 32,059 4,000 0 297,582

Obj12Grants&Contributions 3,725,494 13,600 82,369 124,342 0 0 15,000 0 0 0 120,000 0 72,928 0 0 4,153,733

Obj13FixedCharges 193,191 0 1,047,700 18,635 2,500 2,050 5,200 2,615 0 0 55,000 540 34,665 7,700 0 1,369,796

Obj14Land&Structure 0 0 0 0 0 200,000 24,000 467,177 0 0 0 0 23,544 0 0 714,721

DebtServiceBondPayment 0 0 5,193,118 266,169 0 1,115,764 136,561 4,825,089 124,168 2,603,542 1,365,876 273,853 0 0 2,254,738 18,158,878

Internal IDC 654,865 0 559,732 0 598,540 1,250,893 0 0 0 0 0 0 88,218 51,350 1,627,535 4,831,133

Total Expenditure Budget 18,073,043 334,740 20,744,120 3,438,754 9,200,272 17,915,098 3,488,306 7,706,813 2,127,325 3,246,794 2,592,134 1,063,691 5,817,938 776,531 5,923,273 102,448,832


-15,609,769 -334,740 92,500 -3,438,754 8,030 1,329,402 -1,627,859 -3,200,063 -2,127,325 -3,246,794 -1,342,134 -482,945 -3,387,751 13,469 -5,923,273 -39,278,006

Transfer In/-Out 343,101 0 -92,500 0 0 0 0 0 0 0 0 0 0 0 0 250,601

Balance -15,266,668 -334,740 0 -3,438,754 8,030 1,329,402 -1,627,859 -3,200,063 -2,127,325 -3,246,794 -1,342,134 -482,945 -3,387,751 13,469 -5,923,273 -39,027,405

StudentFeeSupplement 14,416,668 334,740 0 3,438,754 0 0 1,627,859 3,200,063 2,127,325 3,246,794 1,342,134 482,945 3,315,113 0 5,923,273 39,455,668

Fund Balance Target -850,000 0 0 0 8,030 1,329,402 0 0 0 0 0 0 -72,638 13,469 0 428,263



28

FY 2012 Athletic Division Budget Allocation Athletics

Auxiliary Student Fee

Revenue

Self-Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expense

Total 14,416,668 2,806,375 7,529,632 1,065,532 3,725,494 5,752,385 18,073,043


-850,000

ATHLETICS DIVISION FY 2011 FY 2012Self-Generated Revenue 2,156,375 2,463,274

Revenue Transfer 325,000 343,101

Student Fee Revenue 13,280,038 14,416,668

Total Revenue 15,761,413 17,223,043

Base Budget 15,761,413 17,418,178

IDCRequirement 0 654,865


Surplus/(Deficit) 0 (850,000)

The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the Athletics Division. Athletics was granted permission to spend $850,000 of prior year funding for FY 2012. In addition, their IDC requirement has been reduced by $200,000 for the next three fiscal years (FY 2012 – FY 2014).



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Revenue

Self-Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expense

CollegeofFineArts&Communications 334,740 0 132,000 63,200 13,600 125,940 334,740

Total 334,740 0 132,000 63,200 13,600 125,940 334,740


0

ACADEMIC AFFAIRS DIVISION FY 2011 FY 2012Self-Generated Revenue 0 0


Student Fee Revenue 334,740 334,740


Base Budget 334,740 334,740

IDCRequirement 0 0


Surplus/(Deficit) 0 0

The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the Academic Affairs Division. The Auxiliary Enterprise within Academic Affairs is the TU Marching Band.



30




Revenue

Self-Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expense

CampusLife 2,755,164 0 1,148,251 505,672 100,078 1,001,163 2,755,164

Housing&ResidenceLife 0 20,744,120 1,799,672 868,548 82,369 17,993,531 20,744,120

Office of Diversity 154,323 0 0 15,000 24,264 115,059 154,323

StudentAffairsAdministration 289,897 0 0 0 0 289,897 289,897

StudentDevelopmentPrograms 239,370 0 197,564 0 0 41,806 239,370

Total 3,438,754 20,744,120 3,145,487 1,389,220 206,711 19,441,456 24,182,874


0

STUDENT AFFAIRS DIVISION FY 2011 FY 2012Self-Generated Revenue 18,370,480 20,836,620

Revenue Transfer (88,260) (92,500)


Total Revenue 21,679,608 24,182,874

Base Budget 21,053,855 23,623,142




The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the Student Affairs Division. Auxiliary Enterprises within Student Affairs include, but are not limited to, Campus Recreation Services, Student Activities, LeaderShape, and the Center for Student Diversity.


31




Revenue

Self-Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expense

Auxiliary Services 14,346,871 39,080,932 6,730,228 1,727,810 207,928 43,497,042 52,163,008

FacilitiesManagement 618,416 0 57,205 0 0 561,211 618,416

PublicSafety 376,946 0 0 0 0 376,946 376,946

Total 15,342,233 39,080,932 6,787,433 1,727,810 207,928 44,435,199 53,158,370


1,264,795

ADMINISTRATION & FINANCE DIVISION

FY 2011

FY 2012




Total Revenue 48,978,863 54,423,165

Base Budget 45,911,916 51,220,720

IDCRequirement 1,930,476 1,937,650


Surplus/(Deficit) 1,136,471 1,264,795

The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the Administration and Finance Division. The major Auxiliary Enterprises within Administration and Finance include the University Store, Dining Services, Parking and Transportation Services, Event and Conference Services, the Child Care Center, and contractual campus security services.


32


FY 2012 University Advancement Division Budget Allocation University Advancement


Revenue

Self-Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expense

University Marketing 0 790,000 634,456 43,000 0 99,075 776,531

Total 0 790,000 634,456 43,000 0 99,075 776,531


13,469

UNIVERSITY ADVANCEMENT DIVISION

FY 2011

FY 2012

Self-Generated Revenue 790,898 790,000


Student Fee Revenue 0 0


Base Budget 739,490 725,181



Surplus/(Deficit) 0 13,469

The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the University Advancement Division. The Auxiliary Enterprise within University Advancement is the Design Center.


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CENTRAL DIVISION FY 2011 FY 2012Self-Generated Revenue 0 0



Total Revenue 7,680,726 3,923,273

Base Budget 5,253,665 2,295,738

IDCRequirement 2,427,061 1,627,535



The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the university’s Central Division, which provides funding for general campus needs. Auxiliary Enterprises within the Central Division are comprised of the IDC and auxiliary debt holding.

FY 2012 Central Division Budget Allocation Central


Revenue

Self-Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expense

AuxiliaryDebtHolding 469,334 0 0 0 0 469,334 469,334

Central Fund Auxiliary 1,627,535 0 0 0 0 1,627,535 1,627,535

Complex 1,826,404 0 0 0 0 1,826,404 1,826,404

Total 3,923,273 0 0 0 0 3,923,273 3,923,273

OperatingSurplus/-Deficit (Revenue-Expenses)

0


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FY 2012 Auxiliary Contingency Budget Allocation Auxiliary Contingency


Revenue

Self-Generated

Revenue

Regular Salaries

Contingent

Salaries

Scholarships

Operating

Total

Expense

Total 2,000,000 0 0 0 0 2,000,000 2,000,000


0

AUXILIARY CONTINGENCY FY 2011 FY 2012Self-Generated Revenue 0 0



Total Revenue 2,000,000 2,000,000

Base Budget 2,000,000 2,000,000

IDCRequirement 0 0



The chart to the left details the formulation of the FY 2011 and FY 2012 budgets for the university’s Contingency Reserve, which provides funding for unplanned expenses.


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Towson University’s FY 2012 Restricted Budget

The university’s restricted resources are comprised of governmentally-sponsored research grants and contracts, nongovernmental grants, certain endowment and gift income, and student aid from external sources. The chart below details the funds that make up the university’s restricted-use resources.

FY 2012 Restricted Resources Budget AllocationResources Allocation

Federal Grants and Contracts $22,764,121

PrivateGiftsandGrants $6,300,000

StateandLocalGrantsandContracts $14,747,267

EndowmentIncome $25,000

Other Sources $553,619

Total $44,390,007

Accelerated Associate to Master’s Degree Program in Nursing

AwardAmount $1.5million

Award Organization MarylandHigherEducationCommission

ResponsibleDivision AcademicAffairs

ProjectDirector VickyKent,Nursing

AwardTimeline July 1, 2009 through June 30, 2014

This grant provides funding for the development of a seamless associate-to-master’s degree program in nursing. The program will be developed in collaboration with the Community College of Baltimore County, with funding used to build the capacity to offer the program through hospital and nursing program partnerships.

Baltimore Excellence in Science, Technology, Engineering and Mathematics Teaching (BEST)

AwardAmount $2million

Award Organization NationalAeronauticsandSpace Administration


ProjectDirector DavidVanko,FisherCollegeofScienceandMathematics

AwardTimeline October1,2009through September30,2011

This grant provides funding for a collaborative project between TU and Coppin State University. The project will work to combat the shortage of teachers in the STEM disciplines by offering profession-al development to current teachers in STEM disciplines, recruiting high school seniors into STEM teacher preparation programs at TU and Coppin State, and establishing support programs and clubs for middle and high school students interested in becoming STEM teachers.

LARGE GRANT AND CONTRACT AWARDS

The university receives hundreds of grants and contracts each fiscal year. The awards listed below in alphabetical order by title represent some of the major grants and contracts that will be active in FY 2012. Please note that the funds for many of the grants and contracts are awarded over an extended period of time; thus the total award amount of the projects listed below will be greater than the restricted award total for FY 2012 alone.

RESTRICTED RESOURCE ALLOCATION


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Cosmic Scholarships AwardAmount $588,816

Award Organization NationalScienceFoundation


ProjectDirectors Martha Siegel, Mathematics; GailGasparich,Biological Sciences; GabrieleMeiselwitz,Computerand

InformationSciences

AwardTimeline March1,2011throughFebruary28,2015

This grant provides funding for a merit and need-based scholarship program for students in the computer science, information science, mathematics and molecular biology, biochemistry and bioinformat-ics (MB3) programs.

Cosmic Recycling Research: quasars, galaxies, and their intergalactic environs

AwardAmount $390,725



ProjectDirector Jennifer Scott,Physics,AstronomyandGeosciences

AwardTimeline September1,2010through August 31, 2012

One of the National Science Foundation’s most prestigious awards, this research and career development grant provides funding for the research and educational efforts of Assistant Professor Jennifer Scott as she studies the intergalactic environs of quasars and galax-ies. The research will involve Towson University undergraduate students in independent investigations; the principal investigator will focus on recruiting and mentoring women and members of other underrepresented groups. In advancing her educational ca-reer plan, Jennifer Scott will bring hands-on astronomy activities to local K-9 students through partnerships between teachers, astron-omy professionals and knowledgeable amateurs. The total award amount will be $637,143 over five years, with funding released based on project progress.

DECO Specialty Services in support of the Maryland Department of Information Technology


Award Organization MarylandDepartmentofInformationTechnology

ResponsibleDivision EconomicandCommunityOutreach

AwardTimeline July 1, 2010 through June 30, 2015

This contract is a master agreement for the services of the Division of Economic and Community Outreach (DECO). The contract is for $5 million of services per year for five years on an as-needed basis.

DECO Specialty Services in Support of the Maryland State Police


Award Organization MarylandStatePolice


AwardTimeline February15,2011throughJune30,2015

This contract is a master agreement for DECO services. The contract is for $1 million of services per year for five years on an as-needed basis.

DECO Specialty Services in Support of the Maryland Department of Transportation &

Maryland Transit Administration AwardAmount $2million

Award Organization MarylandDepartmentofTransportation&MarylandTransitAdministration


AwardTimeline May 15, 2011 through June 30, 2012 This contract is a master agreement for DECO services. The contract is for the provision of services provided by DECO on an as-needed basis.


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DECO Training Services for the Maryland Transit Administration


Award Organization MarylandDepartmentofTransportation&MarylandTransitAdministration


AwardTimeline July 1, 2011 through June 30, 2012 This contract is a master agreement for DECO services. The contract is for the provision of employee training services in areas identified by the Maryland Transit Administration.

Evaluation of Maryland’s Race to the Top ProjectAwardAmount $4.75million

Award Organization MarylandStateDepartmentofEducation


ProjectDirector RaymondLorion,College of Education

AwardTimeline July1,2011throughSeptember30,2014 This grant provides funding for the evaluation of the Maryland state Department of Education’s “Race to the Top” program. Tow-son University’s Center for Application and Innovation Research in Education (CAIRE) will design and implement a “research as intervention” model combining formative and summative assess-ment tools and building evaluation capacity across public education stakeholders.

Priority Teacher Induction ProgramAwardAmount $1.6million

Award Organization BaltimoreCountyPublicSchools


ProjectDirector RaymondLorion,College of Education

AwardTimeline April5,2011throughJune30,2015 This grant provides funding for a program to assist newly hired teachers in identified priority schools with lesson planning, prepara-tion and delivery, organizing the classroom environment, classroom management and instruction, and the refinement of appropriate professional dispositions. The funding will also provide profession-al development support to identified teachers in identified priority schools.

Renovation of Facilities for Interdisciplinary Urban Biogeochemistry Research

AwardAmount $1.4million



ProjectDirectors DavidVanko, College of Science and Mathematics;Ryan Casey and David

Ownby,Chemistry;StevenLev,Physics, Astronomy,andGeosciences;

Joel Snodgrass, Biological Sciences


The funding from this grant, which was provided under the Ameri-can Recovery and Reinvestment Act of 2009, will go to renovating and expanding research laboratories of the Urban Environmental Biogeochemistry Laboratory. The renovations will turn the current disparate labs and rooms into an integrated suite of renovated research laboratories that includes a sample intake laboratory, a sample processing laboratory, two new culture and organismal experimentation laboratories and a high-tech chemistry instrumen-tation laboratory.

Robert Noyce Teacher Scholarship ProgramAwardAmount $900,000



ProjectDirectors DavidVanko,College of Science and Mathematics;ToddKenreich,Secondary

Education; DonaldThomas,Willard HackermanAcademy; Jane Wolfson, EnvironmentalScienceandStudies

AwardTimeline June 1, 2011 through May 31, 2014 The funding from this grant, which was provided under the Ameri-can Recovery and Reinvestment Act of 2009, will go to providing scholarships to juniors and seniors who are majoring in science, technology, engineering and mathematics (STEM) fields and who intend to become teachers. It will also provide stipends to STEM professionals who are pursuing teaching certification in the STEM disciplines.



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Towson Opportunities in STEMAwardAmount $2million



ProjectDirector Jane Wolfson, EnvironmentalScience and Studies

AwardTimeline August 1, 2010 through July 31, 2012 This grant, which was awarded to TU in partnership with Balti-more City Community College and several Baltimore City high schools, is aimed at enhancing the diversity of the STEM student body and increasing the number of associate and bachelor’s degrees in STEM departments with the ultimate goal of providing multiple smooth STEM paths from Baltimore area high schools through the baccalaureate degree at TU.

Towson University Suicide Prevention ProgramAwardAmount $300,000

Award Organization U.S.DepartmentofHealthandHuman Services,SubstanceAbuseandMental

HealthServicesAdministration

ResponsibleDivision Student Affairs

ProjectDirectors BruceHermanandJamesSpivack, Counseling Center

AwardTimeline September30,2009through September29,2012

This grant provides funding to strengthen the university’s capacity to effectively respond to the increasing need for suicide prevention within our diverse student body. This includes a comprehensive, culturally competent system of educational programs, informa-tional materials, infrastructure support and referrals to community providers.

Who Will Care Nursing Expansion ProgramAwardAmount $1.1million

Award Organization Maryland Healthcare Education Institute


ProjectDirectors SheilaGreenandKathleenOgle,Nursing

AwardTimeline July 1, 2009 through June 30, 2012 This grant provides funding to enable the university to increase the number of total nursing graduates by expanding the capacity of the pre-licensure nursing program and implementing strategies to enhance the successful and timely completion of students in the program.

Youth Empowerment Program in Cherry HillAwardAmount $599,848

Award Organization U.S.DepartmentofHealthandHumanServices


ProjectDirectors Marcie Weinstein, College of Health Professions;Jill Bush,Kinesiology;

BethMerryman,OccupationalTherapyandOccupationalScience


This grant provides funding for the empowerment of students in the Cherry Hill neighborhood of Baltimore. Empowerment efforts include those geared toward improving academic performance, mental and behavioral health, self-awareness and interest in career exploration, personal development and wellness, cultural aware-ness and appreciation, and planning of health outcomes for chronic disease prevention.


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CAPITAL BUDGET PROJECTS

A capital project is generally defined by the USM as any design or construction project that exceeds a total project cost of $1 million. Capital projects are usually grouped into two categories—state-funded capital projects and system-funded capital projects.

In August 2011, the university completed Phase II of the College of Liberal Arts Building, a state-funded capital project that marked the first new academic building on campus in more than 30 years. Three new system-funded projects were also completed in August 2011 to expand the university’s residential West Village precinct. These projects were comprised of a Commons Building with retail, dining and meeting space; two new residence halls that added a total of approximately 600 beds to campus; and a new 1,500 space parking garage.

Descriptions of capital projects that are within the university’s 10-year facilities plan are provided on the following pages. The projects cor-respond with the university’s master plan, which is available online at the Facilities Management website.

STATE-FUNDED CAPITAL PROJECTS

State-funded capital projects are typically financed with bond funds allocated from the state of Maryland budget to individual institutions. Institutions are not required to reimburse the state for these bonds. Projects eligible for funding from the state in-clude academic and academic support buildings (such as admin-istration buildings, infrastructure and utility improvements). Tow-son University’s ongoing state-funded capital projects are listed in alphabetical order below.

Campus-Wide Site, Infrastructure and Safety Improvements

Total Budget $38.7million

EstimatedPhaseIDates January2008–December2012

EstimatedPhaseIIDates January 2012 – January 2014 The project provides a variety of safety, infrastructure and site improvements to create a safer and more functional campus, and prepare for additional building and enrollment growth. Phase I is on track to be complete in 2012. Phase II is comprised of two major components. The first includes the design and construction of a pedestrian bridge from the residential West Village precinct across Osler Drive to the main academic precinct of campus. In addition to the bridge, associated work required will include re-grading of surrounding areas, storm water management improve-ments, utility and roadway infrastructure relocation and various site, utility and infrastructure improvements needed to advance the recommendations of the 2009 campus master plan.

The second component includes the design and construction of a pedestrian walkway (a portion of which may be elevated) from the southeastern end of Linthicum Hall east along Cook Library to Newell Hall. In addition to the pedestrian walkway, associated work required will include demolition of the concrete bridge between Newell Dining Hall and Cook Library, re-grading of surrounding areas, renewal/replacement of the Cook Library

plaza and stairs that tie into the walkway, possible relocation of mechanical equipment for Cook Library, and necessary storm water management and site restoration improvements.

College of Health Professions BuildingTotal Budget $144million

Size 135,000 GSF

EstimatedStart September2017

EstimatedCompletion August 2021

As proposed, this project will enable the design and construction of a new building that will consolidate the departments of the College of Health Professions into one facility. This facility will provide instructional, office, study, research and clinical space to support the existing and future needs of undergraduate and graduate programs in health science, nursing, communication science and disorders, occupational therapy and kinesiology. This project will allow the university to expand its nursing, occupa-tional therapy, speech and hearing, and graduate degree programs in these and other health care programs to help meet existing and projected workforce shortages. Each department has accredita-tion standards based on providing space appropriately configured and equipped to meet the requirements of these professions.

Public Safety BuildingTotal Budget $8million

Size 20,000 GSF

EstimatedStart September2011

EstimatedCompletion December2012

As proposed, the project is for the design and construction of a 20,000 square foot, multi-story building to support the current and future needs of the Towson University Police Department (TUPD). The project will also include the construction of addi-tional parking facilities to offset current shortages to support the TUPD, university fleet and maintenance, and general faculty/staff


40

CAPITAL BUDGET PROJECTS

parking needs. Completion of the facility will allow the TUPD to vacate current space in the General Services building, which can be redistributed to the Facilities Management department.

Smith Hall Expansion and RenovationTotal Budget $153million

Size 106,700 GSF (new); 220,445 GSF (renovated)

EstimatedPhaseI July 2014 – August 2016

EstimatedPhaseII August 2016 – January 2019

As proposed, this project will expand and renovate Smith Hall to meet the current and future undergraduate and graduate program needs of the Jess and Mildred Fisher College of Science and Mathematics. More specifically, this project will accommo-date and address the chemistry, biology, physics, geoscience, and environmental science departments, as well as the molecular biol-ogy, biochemistry and bioinformatics program. The mathematics and computer sciences departments are currently located in the 7800 York Road building and will remain there for the long-term future. The scope of work for the project involves the following components:

1. Construction of a new 106,700 gross square foot building expansion;

2. Comprehensive renovation of the current building;3. Extension and completion of the main academic campus

central utility loop, including connection of Smith Hall and the expansion; and

4. Demolition of Linthicum Hall

SYSTEM-FUNDED CAPITAL PROJECTSSystem-funded capital projects are financed through the sale of bonds by the USM. The debt service of these bonds is typically a 20-year amortization period paid for by the institution primarily through auxiliary revenue sources including student fees. Proj-ects that are eligible for funding through this financing method include dining halls, student unions, parking facilities, recreation facilities, and residence hall renovations. Towson University’s ongoing system-funded capital projects are listed in alphabetical order below.

Newell and Richmond Hall RenovationsTotal Budget $22.8million

Size N/A

EstimatedStart May 2011


This project includes the design and comprehensive renovation of the envelope, roof and entry ways of each building, along with replacement of the gutter systems and rear stairwell into Newell Hall. With the relocation of Housing and Residence Life (HRL) to the new West Village Commons building, HRL’s former office space will be reconfigured and renovated to accommodate ad-ditional student beds.

Towson Center ArenaTotal Budget $68million

Size 110,000 GSF; 5,000 seats

EstimatedStart April2011

EstimatedCompletion April2013

This project involves the design and construction of a new 100,000 gross square foot arena that will be connected to the ex-isting Towson Center facility. The new arena will include a mini-mum of 5,000 spectator seats, luxury suites, concessions, a large multi-purpose gathering space, a hall of fame, offices, a press room, a catering kitchen and other necessary support spaces.

Ward and West Hall RenovationsTotal Budget $10.5million

Size 9,000 GSF (new); 27,000 GSF (renovated)

EstimatedStart February2012


This project involves the adaptive reuse and renovation of Ward and West Halls to encompass the university’s Health and Counsel-ing Centers. The project also proposes to connect Ward and West Hall with a 9,000 GSF building addition to facilitate additional programmable space and allow for ADA accessibility in both build-ings. The Health Center is currently located in the Dowell Health Building, which will be demolished as part of the development of the new College of Health Professions building. The Counseling Center is currently located in Glen Esk and is in need of additional space to accommodate the growing student enrollment.


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ACKNOWLEDGEMENTS

EXECUTIVE STAFF

Marcia G. Welsh, Interim President

James P. Sheehan, Vice President for Administration and Finance and Chief Fiscal Officer

Terry A. Cooney, Interim Provost and Vice President for Academic Affairs

Debra Moriarty, Vice President for Student Affairs

Gary N. Rubin, Vice President for University Advancement

Dyan Brasington, Vice President for Economic and Community Outreach

Jim Williamson, Associate Vice President, Fiscal Planning and Services

UNIVERSITY BUDGET OFFICE

The creation of the 2012 Operating Budget and Plan would not have been possible without the hard work and dedication of the University Budget Office staff who develop, monitor and analyze the complex, multi-million dollar budget of this institution.

Cathy Mattingly, Director, University Budget Office

Brian O’Connell, Associate Director, University Budget Office

Donna M. Auvil, University Budget Coordinator

Dorothy Proctor, University Budget Coordinator

Angela Hall, University Budget Coordinator

Deanna Martinez, Financial Transaction Supervisor, University Budget Office

RESOURCE PLANNING AND ADVISORY COMMITTEE

The Resource Planning and Advisory Committee (RPAC) is the University Senate’s representative voice in Towson University’s annual resource planning process. The committee supports the university in a consultative manner by reviewing, advising and recommending on the following:

•annualfundingpriorities•annualtuitionandfees•amendmentsformodificationstothe

ten-year capital plan•changestofiscalpoliciesofthe

university• fundingprioritiesintheeventofa

financial crisis

The RPAC representatives involved in developing Towson University’s FY 2012 Operating Budget are listed below in alphabetical order:

Jennifer Ballengee, AAUP (ex-officio)

Terry Berkeley, College of Education

Chris Cain, Chair, College of Liberal Arts

Elizabeth Carbone, University Advancement

Shidan Chen, Graduate Student Association

Diana Emanuel, College of Health Professions

Daniel Ettinger, College of Fine Arts and Communication

Gail Gasparich, (NCAA faculty representative)

Shana Gass, Cook Library

Darryl Glotfelty, Student Government Association

Donald Kopka, College of Business and Economics

Bonnie Lingelbach, Student Affairs

Christina Morgan, Economic and Community Outreach

Joseph Oster, Auxiliary Services

James P. Sheehan, Administration and Finance (ex-officio, non-voting)

Kit Spicer, Dean of the College of Fine Arts and Communication

Timothy Sullivan, University Senate (ex-officio)

Marcia G. Welsh, Academic Affairs (ex-officio, non-voting)

Jay Zimmerman, Fisher College of Science and Mathematics

EDITORIAL AND DESIGN

Pamela Gorsuch, Communications Specialist, Administration and Finance

Amie Voith, Special Assistant to the VP, Administration and Finance

Megan Mancuso, Student Designer, Design Center


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GLOSSARY

Academic Support:Includes activities conducted to provide support services to the institution’s pri-mary missions: instruction, research and public service. It includes the retention, preservation and display of educational materials, such as libraries; the provision of services that directly assist the aca-demic functions of the institution; media such as audio-visual services and technol-ogy such as computing support, academic administration (including academic deans but not chairpersons) and personnel development providing administration support and management direction to the three primary missions (instruction, research and public service).

Appropriation:An expenditure authorization with specific limitations as to amount, purpose and time; a formal advance approval of expenditure from designated resources available or estimated to be available.

Auxiliary Enterprises:Activities within the university that furnish goods or services to students, faculty, or staff, and charge a fee directly related to, although not necessarily equal to, the cost of the goods or services. Auxiliary Enterprises are essentially self-supporting activities. The general public may be served incidentally by Auxiliary Enterprises.

Capital Budget:Generally covers expenditures for the con-struction or renovation of major facilities.

Contingent Salaries, Wages and Fringe Benefits:Employees not in a State PIN (Position Identification Number) and hired on a con-tractual or temporary basis. All expenses associated with the temporary employee’s income are included in this grouping.

Current Funds:Economic resources, expendable and set aside by the institution for carrying out the primary purposes of the institution, to be expended in the near term and used for operating purposes.

Education and General Self-Support:See “Sales and Services of Educational Activities”

Education and General State-Assisted:Education and General (E&G) expenses are recorded for all expenses that are not for Auxiliary Enterprises. They are normally categorized as instruction, re-search, public service, academic support, student services, institutional support, operation and maintenance of plant, and scholarships and fellowships.

Endowment Funds:Funds, the principle of which a donor or other outside agency has stipulated, as a condition of the gift, remain intact (non expendable) in perpetuity, and that only the income from the investment of the fund may be expended.

Endowment Income:Yield, usually in the form of interest or dividends, which occurs as a result of investing the principal of an endowment fund. Capital gains and losses are not part of endowment income.

Fiscal Year:The period used by the state for budget-ing and account purposes. It begins July 1 and runs through June 30 the following calendar year.

Full-Time Equivalent (FTE):A means for expressing part-time students or faculty as a full-time unit. The formula is generally based on credit hours. Example: An institution may define full-time as being twelve credit hours; a student taking three credit hours would then be equal to .25 FTE.

Furlough:Furlough is the term used when employees are placed in a temporary non-duty, non-pay status for required budgetary reasons.

Grants and Contracts:Revenues from governmental agencies (Federal, State, or Local) received or made available from grants, contracts and cooperative agreements that are not considered contributions.

Gross Square Feet (GSF):Unit of measurement of a building from outside its exterior walls. This is the standard used throughout the construc-tion industry.

Indirect Cost Assessment (IDC):An assessment charged to non-state and auxiliary enterprises activities to recover the cost of providing services that are not a direct-billed service (e.g., payroll processing).


43

GLOSSARY

Institutional Support:Includes expenses for central executive-level activities concerned with manage-ment and long-range planning for the entire institution. It includes executive management, fiscal operations, general administration and logistical services, public relations and development, and administrative computing support.

Instruction:Includes activities that are part of the institution’s instructional program. Ex-penses for credit and noncredit courses; remedial and tutorial instruction, and regular, special, and extension sessions are included.

Investment Income:Interest revenue earned on cash balances as allocated by the Comptroller of the State of Maryland.

Mandatory Transfers:Transfers arising out of (1) binding legal agreements related to the financing of the educational plant such as amount for debt retirement, interest and required provisions for renewals and replacement of plant, not financed from other sources, and (2) grant agreements with agencies of the federal government, donors and other organizations to match gifts and grants to loan funds.

Miscellaneous Sources:All sources of current funds revenue not included in other classifications.

Non-Mandatory Transfers:Transfers that serve a variety of objectives such as moving monies generated through auxiliary enterprises to scholarship funds for use in providing scholarships, or to a capital outlay group for use in providing project funding.

Operating Budget:Generally includes all of the regular unre-stricted income available to the institu-tion plus those restricted funds that are earmarked for instructional activities and department support. Activities included in the operating budget are the basic expenses of departments, schools, and colleges, including personnel and day-to-day operating costs; student services; libraries; administration; campus opera-tions and maintenance; development; and the unrestricted portion of endowment income, gifts and student aid.

Operation and Maintenance of Physical Plant:Activities related to the operation and maintenance of the physical plant, including all operations established to provide services and maintenance related to campus grounds and facilities, utilities and property insurance.

Permanent Salaries, Wages and Fringe Benefits:Employees in a State Authorized Position (SAP) and hired on a permanent basis. All expenses associated with the perma-nent employee’s income are included in this grouping. Private Gifts and Grants: Revenues generated from individuals and non-governmental sources. Includes revenue received from private donors for which no legal consideration is involved.

Public Service:Includes activities established primarily to provide non-instructional services ben-eficial to individuals and groups external to the institution. These activities include community service programs and coop-erative extension services. Included in this category are conferences, institutes, general advisory services,

reference bureaus, radio and television, consulting, and similar non-instructional services to particular sectors of the com-munity.

Quasi-Endowment Funds:Funds, functioning as an endowment, that are unrestricted resources. The decision to invest otherwise spendable resources is made by the institution’s governing board or management. These internal designations can be reversed.

Research:Includes activities specifically organized to produce research, whether commis-sioned by an agency external to the institution or separately budgeted by an organizational unit within the institution. Included in this category are expenses for individual and/or project research as well as that of institutes and research centers.

Restricted Budget:Encompass governmentally sponsored research grants and contracts, nongov-ernmental grants, certain endowment and gift income, and student aid from external sources.

Restricted Funds:Funds limited to a specific use by outside agencies or persons, as distinguished from funds over which the institution has complete control and freedom as to use. Restricted funds have an externally estab-lished limitation or stipulation placed on their use.

Sales and Service of Auxiliary Enterprises:See “Auxiliary Enterprises.”


44

Sales and Services of Educational Activities:Revenues that are related incidentally to the conduct of instruction, research, and public service and revenues of activities that exist to provide instruc-tional and laboratory experience for students and that incidentally create goods and services that may be sold to students, faculty, staff and the general public.

Scholarships and Fellowships:Expenses for student awards in the form of scholarships, tuition remission or graduate assistantships.

State Appropriations:Unrestricted revenue received for cur-rent operations from, or made avail-able to the institution by, legislative acts or the local taxing authority (the State of Maryland). This category does not include government grants and contracts. Also referred to as general funds.

State Authorized Position: Regular employee hired on a perma-nent basis.

State Funded Capital Projects:State funded capital projects are those financed from general funds allocated from the State of Maryland budget to individual institutions. These funds are not required to be repaid to the state by the university. Projects eligible for funding from the state include aca-demic and academic support buildings, including administration buildings, in-frastructure and utility improvements.

Student Services:Includes activities for offices of admis-sions and enrollment services and activities with the primary purpose of contributing to students’ emotional and physical well-being and intellec-

tual, cultural and social development outside the context of the formal instructional program. Included in this category are expenses for student activities, cultural events, intramural athletics, student organizations, coun-seling and career guidance, student aid administration, and offices of enroll-ment management and student health services.

System Funded Capital Projects:System funded capital projects are financed through the sale of auxil-iary bonds by USM. The debt service of these bonds, typically a 20 year amortization period, is paid for by the institution through auxiliary revenue sources, including student fees. Projects that are eligible for funding through this financing method include dining halls, student unions, recreation facilities, parking facilities and the renovation of residence halls.

Tuition and Fees:Includes all tuition and fees assessed (net of refunds and discounts) for educational purposes.

Unrestricted Funds:Resources provided to the institution with no restrictions on their use.

Vacant Position Attrition Earnings:The Executive and Legislative Branches of the Government require agencies to budget for less than 100% employment levels. Generally, the expectation of vacant positions is between 2% and 4% percent.

GLOSSARY

Documents

2012 OPERATING BUDGET AND PLANFY 2011 to FY 2012. The undergraduate out-of-state tuition was increased by 1.3% over FY 2011. The total estimate for tuition revenue in FY 2012 is $137,747,765