State University System of Florida OPERATING BUDGET Summary Fiscal Year Florida Board of Governors Office of Budgeting and Fiscal Policy

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1 State University System of Florida OPERATING BUDGET Summary Fiscal Year Florida Board of Governors Office of Budgeting and Fiscal Policy

2 STATE UNIVERSITY SYSTEM OF FLORIDA 325 West Gaines Street Suite 1614 Tallahassee, Florida Information Resource Management (850) December 10, 2007 M E M O R A N D U M TO: FROM: SUBJECT: University Budget Directors Tim Jones Executive Director, Fiscal Policy and Budget Operating Budget Summary Enclosed for your information is the Operating Budget Summary. The universities operating budgets were adopted by the Board of Governors on September 27, Books and CDs on Educational and General, Auxiliaries, Contracts and Grants, Local Funds, and Faculty Practice budgets will be provided to your Budget Office. Additionally, this data will be available on the BOG website at TJ/klh Enclosure C: Ms. Wendy Dugan Mr. Kurt Hamon Mr. Mark Eggers University of Florida Florida State University Florida A & M University University of South Florida Florida Atlantic University University of West Florida Gainesville Tallahassee Tallahassee Tampa Boca Raton Pensacola University of Central Florida Florida International University University of North Florida Florida Gulf Coast University New College of Florida Orlando Miami Jacksonville Fort Myers Sarasota

3 State University System of Florida Operating Budget Summary Fiscal Year

4 OVERVIEW

5 OPERATING BUDGET OVERVIEW Pursuant to Section (2), Florida Statutes, and Senate Bill 2800, each President has prepared and received approval from their University Board of Trustees for a operating budget. The operating budget reports for the universities were approved by the Board of Governors at the September 27, 2007 Board meeting. The universities have developed their Operating Budgets for each budget entity in accordance with statutory authority, the 2007 General Appropriations Act (GAA), and the information contained in the Allocation Summary and Workpapers. When developing their operating budget report, universities utilize traditional appropriation categories and have budget flexibility during the development stage. The data presented in this report represents information pertaining to the State University System before the legislative budget reductions. A series of fiscal summaries, charts, graphs, and supporting information has been provided as an overview of the State University System's fiscal operations for

6 The Educational and General (E&G) budget entity reflects the allocation of funds appropriated by the 2007 Legislature and previously appropriated trust funds. There are three sources of state funding in the GAA: the General Revenue Fund, the Educational Enhancement Trust Fund (Lottery), and the Phosphate Research Trust Fund. For , the Legislature appropriated $42.1M in additional general revenue and lottery funds to support student access to the state universities. Funded enrollment for was 190,435 full-time equivalent (FTE) students and medical professionals, while estimated funded enrollment is 195,118 FTE students and medical professionals. This reflects an increase of 4,683 FTE students. This increase in funded FTE students provides resources for enrollment growth, continued implementation of the FIU law school, medical education initiatives, and continued implementation of new masters and doctoral programs in nursing. In addition to state funding, tuition of $21.2M is anticipated to support additional costs associated with increased student access. The Legislature continues to fund the SUS Challenge Grant program, with $74.3M made available for state matching of private donations for This program provides state matching funds which are an

7 incentive for private support for university scholarships, professorships, and endowed chairs. This will fund all matching requests through February 7, The Legislature provided $100M for the continuation of the Centers of Excellence Program and the establishment of new centers in the State. House Bill 83 establishes the State University Research Commercialization Assistance Grant Program a program created under the Florida Technology, Research, and Scholarship Board overseen by the Board of Governors. The purpose of this program is to promote the commercialization of state university research projects to enhance the economy within the State of Florida. For fiscal year , the Legislature appropriated $4M towards this effort. State funding in support of the H. Lee Moffitt Cancer Center and the Institute of Human and Machine Cognition are being distributed directly to the centers by the Board of Governors for

8 Growth is also evident in the universities non-e&g budget entities. Expansion of continuing education initiatives, renovation, expansion, and staffing increases of student residential facilities, improvements to university parking facilities, and equipment replacement for food services to accommodate student growth and demand are examples of increases in the Auxiliary Enterprises budget entity. The Contracts and Grants entity reflects continued growth associated with additional grants activity for university research and associated projects. Student Activities expenditures are increasing in response to the demands of an expanding student population, including areas such as medical services, counseling, and student union operations.

9 $9.0 Billions State University System of Florida All Budget Entities Actual Expenditures through Estimated Expenditures $8.52 $8.0 $7.0 $6.26 $6.69 $6.96 $7.51 $6.0 $5.0 $4.0 $3.93 $4.25 $4.77 $4.96 $5.18 $5.66 $3.0 $ Includes special units, contracts & grants, auxiliaries, local funds, and faculty practice plans.

10 Operating Funds Percentage of Total Expenditures by Budget Entity E&G 43.04% C&G 19.05% E&G 42.80% C&G 18.88% Faculty Practice 7.46% Auxiliary 11.17% Local Funds 19.28% Faculty Practice 7.30% Auxiliary 10.88% Local Funds 20.14% Total Expenditures: $7,518,493,587 Actual Total Expenditures: $8,526,887,535 Estimated

11 STATE UNIVERSITY SYSTEM OF FLORIDA OPERATING BUDGETS PERCENTAGE ACTUAL ESTIMATED INCREASE/ BUDGET ENTITY EXPENDITURES EXPENDITURES DECREASE EDUCATIONAL & GENERAL UNIVERSITIES $2,841,584,737 $3,187,246, % UF-IFAS $141,521,494 $157,681, % UF-HEALTH SCIENCE CENTER $134,903,464 $139,027, % FSU MEDICAL SCHOOL $29,821,854 $49,706, % USF-HEALTH SCIENCE CENTER $72,058,986 $89,012, % UCF MEDICAL SCHOOL $4,707,531 FIU MEDICAL SCHOOL $5,471,895 MOFFITT CANCER CENTER $13,440,335 $13,940, % HUMAN AND MACHINE COGNITION $2,606,848 $3,000, % SUB-TOTAL $3,235,937,718 $3,649,793, % OTHER STATUTORY AUTHORIZED CONTRACTS & GRANTS $1,431,942,704 $1,609,960, % AUXILIARY ENTERPRISES $839,605,332 $927,347, % LOCAL FUNDS STUDENT ACTIVITY $69,482,789 $88,948, % INTERCOLLEGIATE ATHLETICS $221,755,407 $224,806, % CONCESSIONS $3,192,160 $3,666, % STUDENT FINANCIAL AID $1,133,005,701 $1,363,132, % SELF-INSURANCE PROGRAMS * $22,505,478 $36,994, % UF-FACULTY PRACTICE PLANS $377,328,508 $416,568, % FSU-FACULTY PRACTICE PLANS $4,161,624 $4,982, % USF-FACULTY PRACTICE PLANS $179,576,166 $200,685, % SUB-TOTAL $4,282,555,869 $4,877,093, % SUMMARY $7,518,493,587 $8,526,887, %

12 STATE UNIVERSITY SYSTEM OF FLORIDA OPERATING BUDGETS PERCENTAGE ACTUAL ESTIMATED INCREASE/ BUDGET ENTITY EXPENDITURES EXPENDITURES DECREASE EDUCATIONAL & GENERAL UNIVERSITIES $2,841,584,737 $3,187,246, % UF-IFAS $141,521,494 $157,681, % UF-HEALTH SCIENCE CENTER $134,903,464 $139,027, % FSU MEDICAL SCHOOL $29,821,854 $49,706, % USF-HEALTH SCIENCE CENTER $72,058,986 $89,012, % UCF MEDICAL SCHOOL $4,707,531 FIU MEDICAL SCHOOL $5,471,895 MOFFITT CANCER CENTER $13,440,335 $13,940, % HUMAN AND MACHINE COGNITION $2,606,848 $3,000, % SUB-TOTAL $3,235,937,718 $3,649,793, % OTHER STATUTORY AUTHORIZED CONTRACTS & GRANTS $1,431,942,704 $1,609,960, % AUXILIARY ENTERPRISES $839,605,332 $927,347, % LOCAL FUNDS STUDENT ACTIVITY $69,482,789 $88,948, % INTERCOLLEGIATE ATHLETICS $221,755,407 $224,806, % CONCESSIONS $3,192,160 $3,666, % STUDENT FINANCIAL AID $1,133,005,701 $1,363,132, % SELF-INSURANCE PROGRAMS * $22,505,478 $36,994, % UF-FACULTY PRACTICE PLANS $377,328,508 $416,568, % FSU-FACULTY PRACTICE PLANS $4,161,624 $4,982, % USF-FACULTY PRACTICE PLANS $179,576,166 $200,685, % SUB-TOTAL $4,282,555,869 $4,877,093, % SUMMARY $7,518,493,587 $8,526,887, %

13 STATE UNIVERSITY SYSTEM OF FLORIDA TOTAL POSITIONS AND EXPENDITURES AND EDUCATIONAL AND GENERAL CONTRACTS & GRANTS AUXILIARY ENTERPRISES LOCAL FUNDS PRACTICE PLANS SUMMARY POSITIONS DOLLARS POSITIONS DOLLARS POSITIONS DOLLARS POSITIONS DOLLARS POSITIONS DOLLARS POSITIONS DOLLARS ACTUAL EXPENDITURES UNIVERSITY OF FLORIDA 5, $563,147,932 4, $639,206,500 1, $272,834, $406,635,171 11, $1,881,824,104 FLORIDA STATE UNIVERSITY 4, $392,184,728 1, $175,190,469 1, $176,671, $158,663,130 7, $902,710,191 FLORIDA A&M UNIVERSITY 1, $161,863, $46,863, $19,867, $43,187,102 2, $271,782,262 UNIVERSITY OF SOUTH FLORIDA 3, $353,268,196 2, $300,691, $83,174, $263,088,558 7, $1,000,223,352 FLORIDA ATLANTIC UNIVERSITY 2, $227,840, $43,731, $48,469, $119,650,239 3, $439,692,136 UNIVERSITY OF WEST FLORIDA 1, $88,477, $20,194, $11,853, $41,195,674 1, $161,721,826 UNIVERSITY OF CENTRAL FLORIDA 4, $379,982, $95,430, $91,074, $258,038,378 5, $824,525,147 FLORIDA INTERNATIONAL UNIVERSITY 2, $300,585, $81,403, $87,588, $88,759,738 4, $558,337,462 UNIVERSITY OF NORTH FLORIDA 1, $116,755, $14,037, $25,735, $33,110,186 1, $189,638,352 FLORIDA GULF COAST UNIVERSITY $69,057, $14,030, $19,582, $11,710, $114,380,240 NEW COLLEGE OF FLORIDA $19,403, $1,163, $2,751, $3,397, $26,715,843 SELF INSURANCE PROGRAMS (UF-HSC AND USF-HSC) $22,505,478 $22,505,478 CHALLENGE GRANTS - UNALLOCATED $64,167,915 $64,167,915 SUCCEED - UNALLOCATED $8,850,000 $8,850, PARTNERSHIP $1,000,000 $1,000,000 RESEARCH AND ECONOMIC DEVELOPMENT INVESTMENT $45,000,000 $45,000,000 WORLD CLASS SCHOLARS $20,000,000 $20,000,000 CENTERS OF EXCELLENCE $30,000,000 $30,000,000 MOFFITT CANCER CENTER $13,440,335 $13,440,335 HUMAN AND MACHINE COGNITION $2,606,848 $2,606,848 UF - INSTITUTE OF FOOD AND AGRICULTURAL SERVIC 1, $141,521,494 1, $141,521,494 UF HEALTH SCIENCE CENTER 1, $134,903,464 $377,328,508 1, $512,231,972 FSU MEDICAL SCHOOL $29,821,854 $4,161, $33,983,478 USF HEALTH SCIENCE CENTER $72,058,986 $179,576, $251,635, STATE UNIVERSITY SYSTEM 32, $3,235,937,718 11, $1,431,942,704 4, $839,605,332 1, $1,449,941, $561,066,298 50, $7,518,493,587 ======== ============= ======== ============= ==================== ================== ==================== ===================== ESTIMATED EXPENDITURES UNIVERSITY OF FLORIDA 5, $592,148,743 4, $662,884,800 1, $281,976, $428,393,056 11, $1,965,403,429 FLORIDA STATE UNIVERSITY 4, $452,562,786 1, $212,942,180 1, $191,079, $182,032,426 7, $1,038,616,405 FLORIDA A&M UNIVERSITY 1, $173,852, $58,685, $23,511, $146,157,107 2, $402,206,680 UNIVERSITY OF SOUTH FLORIDA 3, $430,613,283 1, $344,780, $100,200, $278,530,921 5, $1,154,124,204 FLORIDA ATLANTIC UNIVERSITY 2, $265,835, $63,307, $55,843, $137,627,620 4, $522,615,384 UNIVERSITY OF WEST FLORIDA 1, $101,497, $17,429, $12,405, $39,583,701 1, $170,916,440 UNIVERSITY OF CENTRAL FLORIDA 4, $417,029, $133,100, $111,610, $313,534,932 6, $975,273,960 FLORIDA INTERNATIONAL UNIVERSITY 2, $343,225, $85,721, $104,441, $98,046,452 4, $631,435,209 UNIVERSITY OF NORTH FLORIDA 1, $130,106, $18,514, $25,910, $37,637,405 1, $212,168,841 FLORIDA GULF COAST UNIVERSITY $78,782, $11,545, $15,631, $15,587, $121,546,639 NEW COLLEGE OF FLORIDA $23,254, $1,050, $4,736, $3,422, $32,464,302 SELF INSURANCE PROGRAMS (UF-HSC AND USF-HSC) $36,994,954 $36,994,954 CHALLENGE GRANTS - UNALLOCATED $74,336,964 $74,336,964 SUS RESEARCH COMMERCIALIZATION $4,000,000 $4,000,000 CENTERS OF EXCELLENCE $100,000,000 $100,000,000 MOFFITT CANCER CENTER $13,940,335 $13,940,335 HUMAN AND MACHINE COGNITION $3,000,000 $3,000,000 UF - INSTITUTE OF FOOD AND AGRICULTURAL SERVIC 1, $157,681,731 1, $157,681,731 UF HEALTH SCIENCE CENTER 1, $139,027,196 $416,568,170 1, $555,595,366 FSU MEDICAL SCHOOL $49,706,969 $4,982, $54,689,675 USF HEALTH SCIENCE CENTER $89,012,067 $200,685, $289,697,591 UCF MEDICAL SCHOOL $4,707, $4,707,531 FIU MEDICAL SCHOOL $5,471, $5,471, STATE UNIVERSITY SYSTEM 33, $3,649,793,900 10, $1,609,960,807 4, $927,347,426 1, $1,717,549, $622,236,400 50, $8,526,887,535 ======== ============= ======== ============= =================== ==================== ==================== =====================

14 STATE UNIVERSITY SYSTEM OF FLORIDA Operating Budget Summary Schedule 1 Educational Contracts Local Funds Faculty & General 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary 1 Beginning Fund Balance $651,489,396 $524,126,680 $510,398,908 $52,626,670 $106,358,246 $4,311,180 $58,693,016 $63,712,169 $159,644,901 $2,131,361, Receipts/Revenues 4 Lottery $171,363,036 $0 $0 $0 $0 $0 $0 $0 $0 $171,363,036 5 General Revenue $2,373,320,420 $0 $0 $0 $0 $0 $0 $0 $0 $2,373,320,420 6 Tuition $873,288,525 $0 $0 $0 $0 $0 $0 $0 $0 $873,288,525 7 Phosphate Research $7,242,068 $0 $0 $0 $0 $0 $0 $0 $0 $7,242,068 8 US Grants $8,116,695 $949,356,997 $72,000 $0 $566,846,202 $0 $0 $0 $0 $1,524,391,894 9 City or County Grants $0 $30,915,401 $0 $0 $13,953,343 $0 $0 $0 $5,562,756 $50,431, State Grants $0 $143,949,639 $0 $0 $350,451,044 $0 $451,805 $0 $0 $494,852, Other Grants and Donations $0 $165,068,437 $4,000 $7,000 $57,434,639 $0 $33,085,498 $0 $6,712,141 $262,311, Donations/Contrib. Given to the State $7,102,392 $230,800,000 $0 $0 $0 $0 $0 $0 $0 $237,902, Transfers $403,741 $156,767,175 $174,692,934 $34,362,187 $84,242,492 $807,247 $4,593,778 $0 $5,132,186 $461,001, Sales of Goods/Services $11,750,000 $21,160,428 $409,060,648 $3,137,517 $848,154 $904,196 $84,045,527 $0 $119,494,497 $650,400, Sales of Data Processing Services $0 $0 $9,000,000 $865,651 $0 $0 $0 $0 $0 $9,865, Fees $2,495,000 $7,519,897 $206,442,644 $76,486,197 $40,576,039 $575,000 $70,962,049 $0 $476,366,109 $881,422, Miscellaneous Receipts $0 $31,477,957 $191,796,709 $4,636,775 $255,559,993 $1,698,986 $36,177,736 $0 $58,085,866 $579,434, Rent $145,000 $0 $70,002,334 $311,419 $0 $913,000 $6,579 $0 $0 $71,378, Concessions $0 $0 $330,000 $0 $0 $40,000 $0 $0 $0 $370, Assessments/Services $0 $0 $2,083,000 $0 $230,000 $0 $0 $37,968,983 $0 $40,281, Other 6 $28,294,776 $19,855,419 $70,938,712 $648,309 $34,347,016 $74,993 $6,508,865 $10,581,054 $75,649,776 $246,898, Total Receipts/Revenues $3,483,521,653 $1,756,871,350 $1,134,422,981 $120,455,055 $1,404,488,922 $5,013,422 $235,831,837 $48,550,037 $747,003,331 $8,936,158, Operating Expenditures 25 Salaries and Benefits $2,410,960,334 $686,526,976 $262,658,144 $28,948,065 $1,676,821 $237,082 $80,846,587 $4,447,123 $354,552,873 $3,830,854, Other Personal Services $169,803,583 $241,935,185 $59,152,757 $12,212,362 $1,688,485 $0 $4,926,782 $29,000 $5,765,322 $495,513, Expenses $739,803,534 $596,025,206 $535,659,717 $46,549,701 $1,213,396,126 $3,429,781 $131,840,172 $32,518,831 $165,790,576 $3,465,013, Operating Capital Outlay $17,718,853 $80,373,818 $20,312,479 $1,215,499 $0 $0 $1,206,563 $0 $7,871,232 $128,698, Waivers $1,591,584 $0 $0 $0 $0 $0 $0 $0 $0 $1,591, Institute of Government $1,467,155 $0 $0 $0 $0 $0 $0 $0 $0 $1,467, Library Resources $40,894,205 $0 $194,449 $16,297 $0 $0 $0 $0 $0 $41,104, Risk Management $16,234,939 $553,260 $1,131,050 $6,933 $0 $0 $165,430 $0 $0 $18,091, Salary Incentive Payments $533,690 $0 $31,952 $0 $136,915,822 $0 $0 $0 $0 $137,481, Law Enforcement Incentive Payments $6,444,792 $0 $0 $0 $0 $0 $0 $0 $0 $6,444, Financial Aid $38,865,927 $0 $0 $0 $7,300,000 $0 $0 $0 $0 $46,165, Scholarships $817,940 $0 $0 $0 $2,155,000 $0 $0 $0 $0 $2,972, Regional Data Centers-SUS $1,755,245 $132,876 $0 $0 $0 $0 $0 $0 $0 $1,888, Black Male Explorers Program $300,000 $0 $0 $0 $0 $0 $0 $0 $0 $300, Special Category $7,242,068 $0 $0 $0 $0 $0 $0 $0 $0 $7,242, FL Demo Project-Direct Costs $0 $3,975,336 $0 $0 $0 $0 $0 $0 $0 $3,975, Debt Service $82,752 $438,150 $48,206,878 $0 $0 $0 $5,820,540 $0 $537,145 $55,085, Total Operating Expenditures $3,454,516,601 $1,609,960,807 $927,347,426 $88,948,857 $1,363,132,254 $3,666,863 $224,806,074 $36,994,954 $534,517,148 $8,243,890,984

15 STATE UNIVERSITY SYSTEM OF FLORIDA Operating Budget Summary Schedule 1 Educational Contracts Local Funds Faculty & General 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary Non-Operating Expenditures 45 Transfers $7,408,400 $107,896,976 $203,291,190 $39,156,179 $13,453,438 $1,187,547 $8,790,039 $0 $0 $381,183, Fixed Capital Outlay $0 $0 $121,581 $0 $0 $0 $1,000,000 $0 $123,336,348 $124,457, Carryforward $223,761,411 $0 $0 $0 $0 $0 $0 $0 $410,000 $224,171, Other 7 $200,000 $25,869,145 $0 $0 $0 $0 $0 $0 $87,719,252 $113,788, Total Non-Operating Expenditures $231,369,811 $133,766,121 $203,412,771 $39,156,179 $13,453,438 $1,187,547 $9,790,039 $0 $211,465,600 $843,601, Ending Fund Balance $449,124,637 $537,271,102 $514,061,692 $44,976,689 $134,261,476 $4,470,192 $59,928,740 $75,267,252 $160,665,484 $1,980,027, Fund Balance Increase / Decrease ($202,364,759) $13,144,422 $3,662,784 ($7,649,981) $27,903,230 $159,012 $1,235,724 $11,555,083 $1,020,583 ($151,333,902) 54 Fund Balance Percentage Change % 2.51% 0.72% % 26.24% 3.69% 2.11% 18.14% 0.64% -7.10% 1. The Educational and General budget funds the general instruction, research and public service operations of the universities. Universities have accumulated ending fund balances for activities such as the implementation of Enterprise Resource Program systems, contingency for unfunded enrollment growth, potential budget reductions, anticipated increases in utilities, and prior year encumbrances (recorded, estimated liability at year-end for ordered or received goods or services), and compliance with Section (2) F.S. on maintaining a 5% reserve. 2. The Contracts and Grants budget contains activities in support of research, public service and training. Large fund balances are due to the timing of receipt of Federal contracts or grants. 3. Auxiliaries are ancillary support units on each university campus. Some of the major activities include housing, food services, book stores, student health centers, facilities management, and computer support. Ending fund balances includes financial activities such as debt service payments, reserve, repair and replacement reserves for future maintenance costs, construction/renovation of auxiliary facilities, and prior year encumbrances. 4. Local funds include the following university activities: a. Student Activities - Supported primarily by the student activity and service fee and funds operations of the student government, cultural events, organizations, and intramural/club sports. b. Financial Aid - This activity represents the financial aid amounts for which the university is fiscally responsible. Examples include: student financial aid fee, bright futures, federal grants, college work study, and scholarships. The ending fund balance represents a timing difference between the receipts of funds and disbursement to the students. c. Concessions - These resources are generated from various vending machines located on the university campuses. d. Athletics - Revenues are primarily derived from the student athletic fee, ticket sales, and sales of goods. Sufficient fund balances are maintained to provide the necessary support for ongoing athletic activities. e. Self-Insurance Program - These programs at UF and USF are directed by the respective self-insurance councils and the captive insurance companies (These companies underwrite the risks of its owner and the owner's affiliates.). These activities are supported by premiums charged to the insured individuals and entities (primarily medical faculty and institutions). 5. Faculty Practice - The Faculty Practice Plan collects and distributes income from faculty billings for patient services to the University of Florida and University of South Florida Health Science Centers. 6. Other Receipts/Revenues includes categories such as interest, penalties, refunds, admissions, fines, taxes, etc. 7. Other Non-Operating Expenditures includes categories such as refunds, payment of sales taxes, or indirect costs.

16 UNIVERSITY OF FLORIDA Operating Budget Summary Schedule 1 Educational IFAS HSC Contracts Local Funds Faculty & General 1 E&G 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary 1 Beginning Fund Balance $43,579,800 $19,177,267 $11,786,722 $267,811,054 $98,972,818 $5,585,378 $13,893,528 $441,843 $35,501,140 $63,712,169 $117,321,985 $677,783, Receipts/Revenues 4 Lottery $25,839,152 $8,720,592 $4,490,799 $39,050,543 5 General Revenue $397,942,919 $136,353,880 $98,462,814 $632,759,613 6 Tuition $165,292,931 $22,406,175 $187,699,106 7 Phosphate Research $0 8 US Grants $8,116,695 $312,000,000 $200,000,000 $520,116,695 9 City or County Grants $0 10 State Grants $66,218,231 $101,000,000 $451,805 $167,670, Other Grants and Donations $66,175,000 $11,000,000 $25,019,775 $6,712,141 $108,906, Donations/Contrib. Given to the State $7,102,392 $230,800,000 $237,902, Transfers $403,741 $8,512,700 $26,944,325 $12,000,000 $200,000 $48,060, Sales of Goods/Services $3,600,000 $8,150,000 $5,200,000 $218,788,580 $47,657,634 $119,494,497 $402,890, Sales of Data Processing Services $0 16 Fees $2,495,000 $45,168,000 $12,660,265 $9,750,000 $2,587,000 $338,878,582 $411,538, Miscellaneous Receipts $0 18 Rent $145,000 $9,999,951 $913,000 $11,057, Concessions $260,000 $260, Assessments/Services $31,087,611 $31,087, Other 6 $5,395,000 $1,293,712 $1,179,000 $12,549,500 $7,391,096 $2,000,000 $4,704,752 $10,581,054 $75,649,776 $120,743, Total Receipts/Revenues $597,368,743 $158,229,879 $141,791,180 $701,455,431 $308,551,952 $12,660,265 $335,750,000 $1,113,000 $80,420,966 $41,668,665 $540,734,996 $2,919,745, Operating Expenditures 25 Salaries and Benefits $442,503,091 $122,368,553 $97,058,627 $304,051,000 $82,904,470 $5,954,695 $27,974,707 $3,967,123 $279,213,345 $1,365,995, Other Personal Services $39,805,677 $1,208,980 $7,773,357 $127,364,000 $16,414,750 $2,099,886 $967,843 $29,000 $2,535,919 $198,199, Expenses $92,848,029 $32,505,429 $31,484,050 $197,722,000 $168,428,410 $7,927,646 $336,000,000 $815,225 $39,918,275 $26,117,459 $126,410,529 $1,060,177, Operating Capital Outlay $178,000 $1,010,000 $33,309,650 $5,469,200 $383,319 $691,664 $7,871,232 $48,913, Waivers $1,415,510 $1,415, Institute of Government $0 31 Library Resources $9,181,642 $865,905 $10,047, Risk Management $1,472,671 $1,420,769 $835,257 $3,728, Salary Incentive Payments $0 34 Law Enforcement Incentive Payments $0 35 Financial Aid $4,922,123 $4,922, Scholarships $0 37 Regional Data Centers - SUS $0 38 Black Male Explorers Program $0 39 Special Category $0 40 FL Demo Project - Direct Costs $0 41 Debt Service $438,150 $8,760,000 $5,659,796 $537,145 $15,395, Total Operating Expenditures $592,148,743 $157,681,731 $139,027,196 $662,884,800 $281,976,830 $16,365,546 $336,000,000 $815,225 $75,212,285 $30,113,582 $416,568,170 $2,708,794,108

17 UNIVERSITY OF FLORIDA Operating Budget Summary Schedule 1 Educational IFAS HSC Contracts Local Funds Faculty & General 1 E&G 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary Non-Operating Expenditures 45 Transfers $5,220,000 $1,035,000 $1,153,400 $23,441,332 $16,774,734 $176,000 $260,300 $3,480,645 $123,336,348 $174,877, Fixed Capital Outlay $1,000,000 $410,000 $1,410, Carryforward $0 48 Other 7 $0 49 Total Non-Operating Expenditures $5,220,000 $1,035,000 $1,153,400 $23,441,332 $16,774,734 $176,000 $0 $260,300 $4,480,645 $0 $123,746,348 $176,287, Ending Fund Balance $43,579,800 $18,690,415 $13,397,306 $282,940,353 $108,773,206 $1,704,097 $13,643,528 $479,318 $36,229,176 $75,267,252 $117,742,463 $712,446, Fund Balance Increase / Decrease $0 ($486,852) $1,610,584 $15,129,299 $9,800,388 ($3,881,281) ($250,000) $37,475 $728,036 $11,555,083 $420,478 $34,663, Fund Balance Percentage Change 0.00% -2.54% 13.66% 5.65% 9.90% % -1.80% 8.48% 2.05% 18.14% 0.36% 5.11% 1. The Educational and General budget funds the general instruction, research and public service operations of the universities. Universities have accumulated ending fund balances for activities such as the implementation of Enterprise Resource Program systems, contingency for unfunded enrollment growth, potential budget reductions, anticipated increases in utilities, and prior year encumbrances (recorded, estimated liability at year-end for ordered or received goods or services), and compliance with Section (2) F.S. on maintaining a 5% reserve. 2. The Contracts and Grants budget contains activities in support of research, public service and training. Large fund balances are due to the timing of receipt of Federal contract or grants. 3. Auxiliaries are ancillary support units on each university campus. Some of the major activities include housing, food services, book stores, student health centers, facilities management, and computer support. Ending fund balances includes financial activities such as debt service payments, reserve, repair and replacement reserves for future maintenance costs, construction/renovation of auxiliary facilities, and prior year encumbrances. 4. Local funds include the following university activities: a. Student Activities - Supported primarily by the student activity and service fee and funds operations of the student government, cultural events, organizations, and intramural/club sports. b. Financial Aid - This activity represents the financial aid amounts for which the university is fiscally responsible. Examples include: student financial aid fee, bright futures, federal grants, college work study, and scholarships. The ending fund balance represents a timing difference between the receipts of funds and disbursement to the students. c. Concessions - These resources are generated from various vending machines located on the university campuses. d. Athletics - Revenues are primarily derived from the student athletic fee, ticket sales, and sales of goods. Sufficient fund balances are maintained to provide the necessary support for ongoing athletic activities. e. Self-Insurance Program - These programs at UF and USF are directed by the respective self-insurance councils and the captive insurance companies (These companies underwrite the risks of its owner and the owner's affiliates.). These activities are supported by premiums charged to the insured individuals and entities (primarily medical faculty and institutions). 5. Faculty Practice - The Faculty Practice Plan collects and distributes income from faculty billings for patient services to the University of Florida and University of South Florida Health Science Centers. 6. Other Receipts/Revenues includes categories such as interest, penalties, refunds, admissions, fines, taxes, etc. 7. Other Non-Operating Expenditures includes categories such as refunds, payment of sales taxes, or indirect costs.

18 FLORIDA STATE UNIVERSITY Operating Budget Summary Schedule 1 Educational Medical School Contracts Local Funds Faculty & General 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary 1 Beginning Fund Balance $148,126,886 $48,110,007 $83,238,561 $92,108,155 $6,691,883 $11,755,201 $728,477 $14,173,598 $40,927 $404,973, Receipts/Revenues 4 Lottery $23,893,629 $3,132 $23,896,761 5 General Revenue $313,980,619 $44,067,813 $358,048,432 6 Tuition $114,688,538 $5,636,024 $120,324,562 7 Phosphate Research $0 8 US Grants $124,181,180 $72,000 $34,301,578 $158,554,758 9 City or County Grants $132,623 $132, State Grants $23,494,150 $66,894,204 $90,388, Other Grants and Donations $20,193,824 $7,000 $10,593,634 $6,665,723 $37,460, Donations/Contrib. Given to the State $0 13 Transfers $93,886,653 $46,095,057 $21,227,784 $7,440,872 $457,247 $5,132,186 $174,239, Sales of Goods/Services $14,527,993 $113,145,222 $3,137, ,154 $471,500 $31,088,000 $163,218, Sales of Data Processing Services $9,000,000 $9,000, Fees $2,632,250 $33,304,364 $10,334,462 $6,396,000 $52,667, Miscellaneous Receipts $25,861,561 $530,030 $26,391, Rent $28,323,537 $311,419 $28,634, Concessions $50,000 $50, Assessments/Services $0 21 Other 6 $8,582,303 $2,404,401 $4,082,378 $4,085,555 $31,186 $3,918,886 $1,000 $1,599,282 $24,704, Total Receipts/Revenues $461,145,089 $52,111,370 $308,992,612 $234,605,765 $35,049,368 $123,997,328 $929,747 $45,749,005 $0 $5,132,186 $1,267,712, Operating Expenditures 25 Salaries and Benefits $316,499,279 $36,172,726 $88,222,152 $48,153,675 $5,681,958 $15,000 $12,973,658 $2,698,423 $510,416, Other Personal Services $30,331,899 $2,135,000 $30,175,290 $9,577,657 $2,524,968 $1,506,438 $1,131,560 $2,284,283 $79,667, Expenses $79,183,890 $10,397,743 $80,150,646 $112,388,660 $7,575,857 $121,307,382 $437,804 $28,239,793 $439,681, Operating Capital Outlay $2,424,787 $551,500 $14,394,092 $6,574,021 $223,008 $415,000 $24,582, Waivers $45,236 $45, Institute of Government $1,017,155 $450,000 $1,467, Library Resources $6,240,145 $6,240, Risk Management $2,097,763 $2,097, Salary Incentive Payments $78,840 $78, Law Enforcement Incentive Payments $0 35 Financial Aid $13,530,119 $13,530, Scholarships $0 37 Regional Data Centers - SUS $1,113,673 $1,113, Black Male Explorers Program $0 39 Special Category $0 40 FL Demo Project - Direct Costs $0 41 Debt Service $14,385,000 $14,385, Total Operating Expenditures $452,562,786 $49,706,969 $212,942,180 $191,079,013 $16,005,791 $122,813,820 $452,804 $42,760,011 $0 $4,982,706 $1,093,306,080

19 FLORIDA STATE UNIVERSITY Operating Budget Summary Schedule 1 Educational Medical School Contracts Local Funds Faculty & General 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary Non-Operating Expenditures 45 Transfers $63,514,678 $60,536,455 $20,444,197 $2,084,573 $457,247 $2,988,994 $150,026, Fixed Capital Outlay $0 47 Carryforward $60,000,000 $60,000, Other 7 $25,869,145 $25,869, Total Non-Operating Expenditures $60,000,000 $0 $89,383,823 $60,536,455 $20,444,197 $2,084,573 $457,247 $2,988,994 $0 $0 $235,895, Ending Fund Balance $96,709,189 $50,514,408 $89,905,170 $75,098,452 $5,291,263 $10,854,136 $748,173 $14,173,598 $0 $190,407 $343,484, Fund Balance Increase / Decrease ($51,417,697) $2,404,401 $6,666,609 ($17,009,703) ($1,400,620) ($901,065) $19,696 $0 $0 $149,480 ($61,488,899) 54 Fund Balance Percentage Change % 5.00% 8.01% % % -7.67% 2.70% 0.00% 0.00% 0.00% % 1. The Educational and General budget funds the general instruction, research and public service operations of the universities. Universities have accumulated ending fund balances for activities such as the implementation of Enterprise Resource Program systems, contingency for unfunded enrollment growth, potential budget reductions, anticipated increases in utilities, and prior year encumbrances (recorded, estimated liability at year-end for ordered or received goods or services), and compliance with Section (2) F.S. on maintaining a 5% reserve. 2. The Contracts and Grants budget contains activities in support of research, public service and training. Large fund balances are due to the timing of receipt of Federal contract or grants. 3. Auxiliaries are ancillary support units on each university campus. Some of the major activities include housing, food services, book stores, student health centers, facilities management, and computer support. Ending fund balances includes financial activities such as debt service payments, reserve, repair and replacement reserves for future maintenance costs, construction/renovation of auxiliary facilities, and prior year encumbrances. 4. Local funds include the following university activities: a. Student Activities - Supported primarily by the student activity and service fee and funds operations of the student government, cultural events, organizations, and intramural/club sports. b. Financial Aid - This activity represents the financial aid amounts for which the university is fiscally responsible. Examples include: student financial aid fee, bright futures, federal grants, college work study, and scholarships. The ending fund balance represents a timing difference between the receipts of funds and disbursement to the students. c. Concessions - These resources are generated from various vending machines located on the university campuses. d. Athletics - Revenues are primarily derived from the student athletic fee, ticket sales, and sales of goods. Sufficient fund balances are maintained to provide the necessary support for ongoing athletic activities. e. Self-Insurance Program - These programs at UF and USF are directed by the respective self-insurance councils and the captive insurance companies (These companies underwrite the risks of its owner and the owner's affiliates.). These activities are supported by premiums charged to the insured individuals and entities (primarily medical faculty and institutions). 5. Faculty Practice - The Faculty Practice Plan collects and distributes income from faculty billings for patient services to the University of Florida and University of South Florida Health Science Centers. 6. Other Receipts/Revenues includes categories such as interest, penalties, refunds, admissions, fines, taxes, etc. 7. Other Non-Operating Expenditures includes categories such as refunds, payment of sales taxes, or indirect costs.

20 Educational Contracts FLORIDA A&M UNIVERSITY Operating Budget Summary Schedule Local Funds & General 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Summary 1 Beginning Fund Balance $27,571,727 $441,285 $10,000,745 $1,511,458 $32,767,761 $999 $2,052 $72,296, Receipts/Revenues 4 Lottery $8,839,567 $8,839,567 5 General Revenue $120,944,319 $120,944,319 6 Tuition $44,068,795 $44,068,795 7 Phosphate Research $0 8 US Grants $50,561,991 $123,676,948 $174,238,939 9 City or County Grants $0 10 State Grants $8,590,117 $12,479,874 $21,069, Other Grants and Donations $0 12 Donations/Contrib. Given to the State $0 13 Transfers $3,203,323 $3,203, Sales of Goods/Services $4,412,232 $4,412, Sales of Data Processing Services $0 16 Fees $12,889,841 $3,907,482 $3,000,000 $19,797, Miscellaneous Receipts $9,070,896 $74,641 $170,000 $4,101,000 $13,416, Rent $0 19 Concessions $0 20 Assessments/Services $0 21 Other 6 $104,000 $104, Total Receipts/Revenues $173,852,681 $59,152,108 $29,576,292 $4,086,123 $136,156,822 $170,000 $7,101,000 $410,095, Operating Expenditures 25 Salaries and Benefits $117,281,558 $14,329,188 $8,028,121 $803,873 $3,252,293 $143,695, Other Personal Services $7,480,371 $9,147,250 $1,335,694 $766,932 $368,512 $19,098, Expenses $39,620,894 $24,584,697 $11,404,259 $1,542,762 $138,500 $3,111,764 $80,402, Operating Capital Outlay $2,992,089 $10,624,224 $623,650 $3,850 $11,799 $14,255, Waivers $130,838 $130, Institute of Government $0 31 Library Resources $2,399,844 $2,399, Risk Management $1,221,696 $1,221, Salary Incentive Payments $136,156,822 $136,156, Law Enforcement Incentive Payments $14,799 $14, Financial Aid $1,769,020 $1,769, Scholarships $0 37 Regional Data Centers - SUS $641,572 $641, Black Male Explorers Program $300,000 $300, Special Category $0 40 FL Demo Project - Direct Costs $0 41 Debt Service $2,119,809 $2,119, Total Operating Expenditures $173,852,681 $58,685,359 $23,511,533 $3,117,417 $136,156,822 $138,500 $6,744,368 $402,206,680

21 Educational Contracts FLORIDA A&M UNIVERSITY Operating Budget Summary Schedule Local Funds & General 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Summary Non-Operating Expenditures 45 Transfers $48,757 $1,617,481 $871,817 $2,538, Fixed Capital Outlay $0 47 Carryforward $0 48 Other 7 $0 49 Total Non-Operating Expenditures $0 $48,757 $1,617,481 $871,817 $0 $0 $0 $2,538, Ending Fund Balance $27,571,727 $859,277 $14,448,023 $1,608,347 $32,767,761 $32,499 $358,684 $77,646, Fund Balance Increase/Decrease $0 $1,300,562 $4,447,278 $96,889 $0 $31,500 $356,632 $5,350, Fund Balance Percentage Change 0.00% 94.72% 44.47% 6.41% 0.00% 100+% 100+% 7.40% 1. The Educational and General budget funds the general instruction, research and public service operations of the universities. Universities have accumulated ending fund balances for activities such as the implementation of Enterprise Resource Program systems, contingency for unfunded enrollment growth, potential budget reductions, anticipated increases in utilities, and prior year encumbrances (recorded, estimated liability at year-end for ordered or received goods or services), and compliance with Section (2) F.S. on maintaining a 5% reserve. 2. The Contracts and Grants budget contains activities in support of research, public service and training. Large fund balances are due to the timing of receipt of Federal contract or grants. 3. Auxiliaries are ancillary support units on each university campus. Some of the major activities include housing, food services, book stores, student health centers, facilities management, and computer support. Ending fund balances includes financial activities such as debt service payments, reserve, repair and replacement reserves for future maintenance costs, construction/renovation of auxiliary facilities, and prior year encumbrances. 4. Local funds include the following university activities: a. Student Activities - Supported primarily by the student activity and service fee and funds operations of the student government, cultural events, organizations, and intramural/club sports. b. Financial Aid - This activity represents the financial aid amounts for which the university is fiscally responsible. Examples include: student financial aid fee, bright futures, federal grants, college work study, and scholarships. The ending fund balance represents a timing difference between the receipts of funds and disbursement to the students. c. Concessions - These resources are generated from various vending machines located on the university campuses. d. Athletics - Revenues are primarily derived from the student athletic fee, ticket sales, and sales of goods. Sufficient fund balances are maintained to provide the necessary support for ongoing athletic activities. e. Self-Insurance Program - These programs at UF and USF are directed by the respective self-insurance councils and the captive insurance companies (These companies underwrite the risks of its owner and the owner's affiliates.). These activities are supported by premiums charged to the insured individuals and entities (primarily medical faculty and institutions). 5. Faculty Practice - The Faculty Practice Plan collects and distributes income from faculty billings for patient services to the University of Florida and University of South Florida Health Science Centers. 6. Other Receipts/Revenues includes categories such as interest, penalties, refunds, admissions, fines, taxes, etc. 7 Other Non-Operating Expenditures includes categories such as refunds payment of sales taxes or indirect costs

22 UNIVERSITY OF SOUTH FLORIDA Operating Budget Summary Schedule 1 Educational HSC Contracts Local Funds Faculty & General 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary 1 Beginning Fund Balance $138,575,398 $30,432,363 $104,086,550 $81,801,436 $8,624,758 $1,495,869 $331,422 $1,734,653 $0 $42,281,989 $409,364, Receipts/Revenues 4 Lottery $23,869,128 $2,698,719 $26,567,847 5 General Revenue $284,102,736 $65,442,046 $349,544,782 6 Tuition $115,399,351 $20,871,302 $136,270,653 7 Phosphate Research $7,242,068 $7,242,068 8 US Grants $283,600,000 $30,552,000 $314,152,000 9 City or County Grants $4,200,000 $13,953,343 $5,562,756 $23,716, State Grants $1,400,000 $169,030,924 $170,430, Other Grants and Donations $0 12 Donations/Contrib. Given to the State $0 13 Transfers $28,534,962 $44,050,000 $7,500,000 $49,121,620 $150,000 $4,064,000 $133,420, Sales of Goods/Services $0 15 Sales of Data Processing Services $0 16 Fees $18,495,149 $9,629,174 $7,125,348 $10,935,440 $137,487,527 $183,672, Miscellaneous Receipts $1,300,000 $59,619,212 $128,801 $693,219 $14,366,560 $58,085,866 $134,193, Rent $0 19 Concessions $0 20 Assessments/Services $6,881,372 $6,881, Other 6 $6,599,570 $1,492,810 $1,795,000 $28,835,639 $2,025 $370,000 $18,281 $39,113, Total Receipts/Revenues $437,212,853 $90,504,877 $320,829,962 $151,000,000 $17,260,000 $270,153,235 $861,500 $29,366,000 $6,881,372 $201,136,149 $1,525,205, Operating Expenditures 25 Salaries and Benefits $288,855,989 $77,238,065 $145,147,280 $34,398,839 $4,024,481 $1,000 $8,504,577 $480,000 $72,641,105 $631,291, Other Personal Services $23,245,989 $3,152,914 $46,372,608 $7,067,307 $1,813,867 $717,682 $945,120 $83,315, Expenses $95,205,112 $6,847,271 $129,844,272 $47,797,095 $5,457,293 $237,718,990 $484,883 $19,056,997 $6,401,372 $39,380,047 $588,193, Operating Capital Outlay $2,491,251 $93,548 $18,844,044 $3,101,595 $358,777 $50,000 $24,939, Waivers $0 30 Institute of Government $0 31 Library Resources $6,687,892 $1,092,841 $194,449 $16,297 $7,991, Risk Management $2,679,216 $539,728 $463,584 $624,595 $5,333 $160,000 $4,472, Salary Incentive Payments $31,952 $31, Law Enforcement Incentive Payments $0 35 Financial Aid $4,205,766 $47,700 $4,253, Scholarships $0 37 Regional Data Centers - SUS $132,876 $132, Black Male Explorers Program $0 39 Special Category $7,242,068 $7,242, FL Demo Project - Direct Costs $3,975,336 $3,975, Debt Service $6,984,168 $160,744 $7,144, Total Operating Expenditures $430,613,283 $89,012,067 $344,780,000 $100,200,000 $11,676,048 $237,718,990 $485,883 $28,650,000 $6,881,372 $112,966,272 $1,362,983,915

23 UNIVERSITY OF SOUTH FLORIDA Operating Budget Summary Schedule 1 Educational HSC Contracts Local Funds Faculty & General 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary Non-Operating Expenditures 45 Transfers $56,000,000 $7,600,000 $6,000,000 $270,000 $900,000 $87,719,252 $158,489, Fixed Capital Outlay $0 47 Carryforward $66,454,899 $24,833,270 $91,288, Other 7 $0 49 Total Non-Operating Expenditures $66,454,899 $24,833,270 $0 $56,000,000 $7,600,000 $6,000,000 $270,000 $900,000 $0 $87,719,252 $249,777, Ending Fund Balance $78,720,069 $7,091,903 $80,136,512 $76,601,436 $6,608,710 $27,930,114 $437,039 $1,550,653 $0 $42,732,614 $321,809, Fund Balance Increase / Decrease ($59,855,329) ($23,340,460) ($23,950,038) ($5,200,000) ($2,016,048) $26,434,245 $105,617 ($184,000) $0 $450,625 ($87,555,388) 54 Fund Balance Percentage Change % % % -6.36% % 100+% 31.87% % 0.00% 1.07% % 1. The Educational and General budget funds the general instruction, research and public service operations of the universities. Universities have accumulated ending fund balances for activities such as the implementation of Enterprise Resource Program systems, contingency for unfunded enrollment growth, potential budget reductions, anticipated increases in utilities, and prior year encumbrances (recorded, estimated liability at year-end for ordered or received goods or services), and compliance with Section (2) F.S. on maintaining a 5% reserve. 2. The Contracts and Grants budget contains activities in support of research, public service and training. Large fund balances are due to the timing of receipt of Federal contract or grants. 3. Auxiliaries are ancillary support units on each university campus. Some of the major activities include housing, food services, book stores, student health centers, facilities management, and computer support. Ending fund balances includes financial activities such as debt service payments, reserve, repair and replacement reserves for future maintenance costs, construction/renovation of auxiliary facilities, and prior year encumbrances. 4. Local funds include the following university activities: a. Student Activities - Supported primarily by the student activity and service fee and funds operations of the student government, cultural events, organizations, and intramural/club sports. b. Financial Aid - This activity represents the financial aid amounts for which the university is fiscally responsible. Examples include: student financial aid fee, bright futures, federal grants, college work study, and scholarships. The ending fund balance represents a timing difference between the receipts of funds and disbursement to the students. c. Concessions - These resources are generated from various vending machines located on the university campuses. d. Athletics - Revenues are primarily derived from the student athletic fee, ticket sales, and sales of goods. Sufficient fund balances are maintained to provide the necessary support for ongoing athletic activities. e. Self-Insurance Program - These programs at UF and USF are directed by the respective self-insurance councils and the captive insurance companies (These companies underwrite the risks of its owner and the owner's affiliates.). These activities are supported by premiums charged to the insured individuals and entities (primarily medical faculty and institutions). 5. Faculty Practice - The Faculty Practice Plan collects and distributes income from faculty billings for patient services to the University of Florida and University of South Florida Health Science Centers. 6. Other Receipts/Revenues includes categories such as interest, penalties, refunds, admissions, fines, taxes, etc. 7. Other Non-Operating Expenditures includes categories such as refunds, payment of sales taxes, or indirect costs.