BUDGET APPROVED ON JULY 17, 2014 PROPOSED BUDGET FY2015
PROPOSED BUDGET FISCAL YEAR 2014-15 Budget Methodology: Temple University is implementing a decentralized budget model in fiscal year 2014-15. This decentralized model described as Responsibility Centered Management (RCM) allocates revenues directly to the schools, colleges and auxiliary units responsible for generating them. From these revenues units fund their direct expenditures as well as the cost of operating the support units or the indirect costs. RCM better aligns academic responsibility with financial authority and in the process incentivizes units to operate more efficiently and to identify opportunities to responsibly grow revenues. The fiscal year 2014-15 proposed budget is presented in appendix A. Proposed Fiscal Year 2014-15 Budget: The University Operating Budget for fiscal year 2014-15 has been developed according to the following assumptions and principles: Revenue Changes: Tuition and fees will be moderately increased to cover standard growth in operating costs and strategic initiatives designed to enhance international student recruitment and strengthen Temple s online development. The changes are based upon considerations of inflation and the overall economy, comparisons with peer institutions, accessibility, and the impact on student indebtedness. The following conditions are used for the calculation of the revenue: o Undergraduate base tuition for in- and out-of-state students will be increased by $600 or a blended increase of 3.69% o Active tuition differentials, approved by the Board, will be implemented in accordance with the next programmed step as outlined in their implementation plan. o Graduate and Professional tuition will be adjusted according to market conditions and in comparison with peer institutions. o Mandatory fees intended to fund specific student services such as mental health counseling, other health-related services, career and professional development resources will remain unchanged. Page 1 of 17
o Freshmen enrollment for fall 2014 is projected to increase by 200 students compared to the fall 2013 budget. All other enrollments are expected to remain constant. The undergraduate out-of-state mix is projected to increase 0.5% to 22.1%. Tuition and fee revenue from all sources is expected to increase by $41.256 million. The fiscal year 2014-2015 tuition schedule may be found in appendix B. At $146.4 million, the Commonwealth Appropriation is projected to remain unchanged from fiscal year 2013-14. Auxiliary enterprise and Medical and Dental practice plan revenues will increase by $7.419 million. Revenues from other income sources including interest income and indirect cost recovery will increase by $3.399 million. The total increase in University non-health revenues for fiscal year 2014-15 from all sources will be $52.074 million. Expense Changes: Strategic Investments will be made in the following areas: International Student Recruitment - to establish a student recruiting base in China - $195,000. Strengthen Student Support Services - to expand resources in University Honors and the University Writing Center - $142,000 Strengthen Online Development - to establish the Office of Digital Education and increase faculty capacity for developing and designing online courses and curriculum - $984,000. Financial Aid to reflect the proportional increase relative to the changes in tuition. In addition, an additional investment will be made to reflect year two of the strategy of attracting higher quality students without impacting need-based support. The overall increase to the base budget of financial aid will be $9.645 million. Compliance and Safety - to ensure compliance with the Affordable Care Act and to bolster the staff in Environmental Health and Safety - $639,000. Page 2 of 17
Additional expenditure changes include: Salary and Benefits required changes relative to bargaining units, discretionary merit based increases for non-bargaining employees and changes in employee benefit costs for all employees - $12.108 million. General Expenditures changes in expenditures including the allocation of tuition differentials to schools and colleges, increases in the plant development fund, and increases in research incentives - $21.859 million. Auxiliary and Medical & Dental Practice Plans increases in operations based upon additional revenue generation $6.502 million. The total increases in University operating expenditures for fiscal year 2014-15 from all sources will be $52.074 million. Summary The proposed fiscal year 2014-15 budget reflects Temple s commitment to accessibility, affordability, cost containment, and building Temple s academic reputation. As such, tuition increases are conservative and reflect economic and market conditions. Expenditure changes are strategic, focusing on international student recruitment and strengthening Temple s online presence. Both of which will lead to increased net tuition revenue without a corresponding increase in tuition rates. An increased commitment to internal financial aid will help offset the impact of tuition increases and help reduce the debt burden on our students and their families. Implementing RCM is in part a response to the macro-economic forces confronting Temple and public higher education in general. For Temple, Commonwealth funding is declining in real terms and there are pressures and reasons to slow the increasing cost of attendance. Combined, these two forces effectively cap the university s ability to grow its resources. In response, RCM will incentivize entrepreneurial behavior and the implementation of operating efficiencies including creating mechanisms to ensure administrative costs remain in check. All of which will help hold tuition increases to the lowest possible level and ensure expenses are kept in check. Page 3 of 17
APPENDIX A TEMPLE UNIVERSITY FY2015 Proposed Operating Budget FY2015 Proposed Budget Revenue: 1. Tuition and Fees $ 768,563,577 2. Commonwealth Appropriation 146,453,000 3. Indirect Cost Recovery 30,493,000 4. Other Sources 24,692,160 5. Total Education and General Revenue 970,201,737 6. Sales & Services of Auxiliary Enterprises $ 95,041,000 7. Practice Plans 197,397,000 8. Total Other Revenue $ 292,438,000 9. Total Revenue $ 1,262,639,737 Expenditures: Revenue Centers 10. Academic Revenue Centers $ 675,647,146 11. Non-Academic Revenue Centers 73,795,052 12. Total Revenue Centers $ 749,442,198 Support Units 13. President $ 35,494,025 14. Vice President and Director of Athletics 25,309,739 15. Provost 223,972,096 16. Sr. Vice President - Construction, Facilities and Operations 139,560,597 17. Vice President, CFO and Treasurer 88,861,082 18. Total Support Units $ 513,197,539 19. Total Expenditures $ 1,262,639,737 20. Budget Margin $ - Page 4 of 17
APPENDIX A TEMPLE UNIVERSITY FY2015 Proposed Operating Budget FY2015 Proposed Budget Academic Revenue Centers 21. Beasley School of Law $ 25,116,000 22. Center for the Arts 42,387,892 23. College of Education 14,833,108 24. College of Engineering 14,975,286 25. College of Health Professions 36,323,618 26. College of Liberal Arts 71,973,970 27. College of Science and Technology 47,574,638 28. Fox School of Business 77,023,555 29. Kornberg School of Dentistry 28,912,619 30. School of Media and Communication 16,860,823 31. School of Medicine 262,575,620 32. School of Pharmacy 15,983,745 33. School of Podiatric Medicine 12,213,248 34. School of Tourism and Hospitality 7,774,698 35. Provost Sponsored Programs 1,118,326 36. Total Academic Revenue Centers $ 675,647,146 Non-Academic Revenue Centers 37. Other Auxiliaries $ 130,651 38. Bookstores 161,000 39. Temple Performing Arts Center 789,071 40. Liacouras Center 2,551,000 41. Parking Services 4,790,430 42. Residence Halls 65,372,900 43. Total Non-Academic Revenue Centers $ 73,795,052 44. Total Revenue Centers $ 749,442,198 Page 5 of 17
APPENDIX A TEMPLE UNIVERSITY FY2015 Proposed Operating Budget Support Units President FY2015 Proposed Budget 45. Office of the President $ 1,666,396 46. Internal Audit 1,126,328 47. Govt, Community and Public Affairs 2,474,512 48. Office of University Counsel 4,490,952 49. University Marketing 11,655,165 50. Institutional Advancement 14,080,672 51. Total President $ 35,494,025 VP & Director of Athletics 52. Business Services $ 460,705 53. Intercollegiate Athletics 24,849,034 54. Total VP & Director of Athletics $ 25,309,739 Provost 55. Office of the Provost $ 17,813,949 56. Institutional Diversity (IDEAL) 697,500 57. Temple Press 1,852,300 58. Vice Provost Faculty Affairs 1,903,330 59. International Affairs 4,125,508 60. Rome 5,499,966 61. University College 6,249,811 62. Research and Strategic Initiatives 6,804,963 63. Vice Provost for U/G Studies 6,886,519 64. Graduate School 8,095,390 65. Enrollment Management 9,634,479 66. Student Affairs 17,298,728 67. Libraries 21,209,104 68. Computer Services 29,253,013 Page 6 of 17
APPENDIX A TEMPLE UNIVERSITY FY2015 Proposed Operating Budget FY2015 Proposed Budget 69. Financial Aid 86,647,536 70. Total Provost $ 223,972,096 SVP Construction, Facilities & Ops 71. SVP Construction, Facilities & Ops $ 1,991,766 72. Environmental Health and Safety 2,567,644 73. Business Services 11,398,400 74. Campus Safety 23,016,998 75. Facilities Management 40,848,376 76. Central Accounts 59,737,413 77. Total SVP Construction, Facilities & Ops $ 139,560,597 Vice President, CFO and Treasurer 78. Office of the Vice President, CFO and Treasurer $ 3,244,325 79. Digital Document Services 78,000 80. Access Card Office 420,000 81. Risk Management 471,983 82. University Budget Office 855,981 83. Human Resources 5,090,765 84. Controller's Office 6,445,903 85. Institutional Expenses 72,254,125 86. Total Vice President, CFO and Treasurer $ 88,861,082 87. Total Support Units $ 513,197,539 Page 7 of 17
Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State UNDERGRADUATE and GRADUATE: College of Liberal Arts (includes School of Environmental Design) Full-time Undergraduate $ 14,006 $ 24,032 Full-time Undergraduate including University services fee 14,696 24,722 Part-time Undergraduate (per credit hour) ** 540 857 Full-time Undergraduate $ 14,806 $ 24,832 Full-time Undergraduate including University services fee 15,496 25,522 Part-time Undergraduate (per credit hour) ** 568 885 Graduate (per credit hour) ** $ 805 $ 1,103 College of Education Full-time Undergraduate $ 14,006 $ 24,032 Full-time Undergraduate including University services fee 14,696 24,722 Part-time Undergraduate (per credit hour) ** 540 857 Full-time Undergraduate $ 14,806 $ 24,832 Full-time Undergraduate including University services fee 15,496 25,522 Part-time Undergraduate (per credit hour) ** 568 885 Graduate (per credit hour) ** $ 805 $ 1,103 College of Education Program in Jamaica Doctoral - 2012 Cohort $ 1,074 $ 1,074 Masters - 2014 Cohort 1,125 1,125 School of Media and Communication Full-time Undergraduate $ 14,906 $ 24,932 Full-time Undergraduate including University services fee 15,596 25,622 Part-time Undergraduate (per credit hour) ** 576 893 * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 8 of 17
Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State School of Media and Communication (continued) Full-time Undergraduate $ 15,706 $ 25,732 Full-time Undergraduate including University services fee 16,396 26,422 Part-time Undergraduate (per credit hour) ** 604 921 Graduate (per credit hour) ** $ 865 $ 1,163 Center for the Arts (Tyler School of Art, Boyer College of Music and Dance and Division of Film, Media Arts, and Theater) Tyler School of Art Fine Arts (BFA/MFA) Full-time Undergraduate $ 19,276 $ 30,816 Full-time Undergraduate including University services fee 19,966 31,506 Part-time Undergraduate (per credit hour) ** 622 937 Full-time Undergraduate $ 20,076 $ 31,616 Full-time Undergraduate including University services fee 20,766 32,306 Part-time Undergraduate (per credit hour) ** 650 965 Graduate (per credit hour) ** $ 944 $ 1,260 Architecture Full-time Undergraduate $ 16,732 $ 27,214 Full-time Undergraduate including University services fee 17,422 27,904 Part-time Undergraduate (per credit hour) ** 615 932 Full-time Undergraduate $ 17,532 $ 28,014 Full-time Undergraduate including University services fee 18,222 28,704 Part-time Undergraduate (per credit hour) ** 643 960 Graduate (per credit hour) ** $ 913 $ 1,211 * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 9 of 17
Tyler School of Art (continued) All Other Programs Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State Full-time Undergraduate $ 14,006 $ 24,032 Full-time Undergraduate including University services fee 14,696 24,722 Part-time Undergraduate (per credit hour) ** 540 857 Full-time Undergraduate $ 14,806 $ 24,832 Full-time Undergraduate including University services fee 15,496 25,522 Part-time Undergraduate (per credit hour) ** 568 885 Graduate (per credit hour) ** $ 805 $ 1,103 Boyer College of Music and Dance Full-time Undergraduate $ 16,252 $ 27,088 Full-time Undergraduate including University services fee 16,942 27,778 Part-time Undergraduate (per credit hour) ** 617 932 Full-time Undergraduate $ 17,052 $ 27,888 Full-time Undergraduate including University services fee 17,742 28,578 Part-time Undergraduate (per credit hour) ** 645 960 Graduate (per credit hour) ** $ 912 $ 1,209 Division of Theater, Film and Media Arts Full-time Undergraduate $ 14,906 $ 24,932 Full-time Undergraduate including University services fee 15,596 25,622 Part-time Undergraduate (per credit hour) ** 576 893 Full-time Undergraduate $ 15,706 $ 25,732 Full-time Undergraduate including University services fee 16,396 26,422 Part-time Undergraduate (per credit hour) ** 604 921 Graduate (per credit hour) ** $ 865 $ 1,163 * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 10 of 17
Fox School of Business and Management Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State Full-time Undergraduate $ 18,084 $ 31,312 Full-time Undergraduate including University services fee 18,774 32,002 Part-time Undergraduate (per credit hour) ** 697 1,114 Full-time Undergraduate $ 18,884 $ 32,112 Full-time Undergraduate including University services fee 19,574 32,802 Part-time Undergraduate (per credit hour) ** 725 1,142 Online Bachelor of Business Administration (OBBA) Undergraduate (per credit hour) $ 726 $ 726 Master of Business Administration (GMBA & PMBA) Graduate (per credit hour) $ 1,077 $ 1,511 Executive Master of Business Administration (EMBA) Class of 2015 (per credit hour) $ 1,772 $ 1,772 Class of 2016 (per credit hour) 1,925 1,925 Online Master of Business Administration (OMBA) Graduate (per credit hour) $ 1,296 $ 1,296 Master of Accountancy (Macc) Graduate (per credit hour) $ 1,050 $ 1,050 Master of Science - Professional Finance Suite (MS-FARM, MSFE, MSIM) Graduate (per credit hour) $ 1,050 $ 1,050 Master of Science in IT Auditing and Cyber Security (MS-ITACS) Graduate (per credit hour) $ 1,050 $ 1,050 Master of Science in Digital Innovation in Marketing (MS-DIM) Graduate (per credit hour) $ 1,050 $ 1,050 Master of Science in Risk Management and Insurance (MS-RMI) Graduate (per credit hour) $ 1,050 $ 1,050 Master of Science (all other MS programs not listed above) Graduate (per credit hour) $ 1,077 $ 1,511 Doctor of Philosophy (PhD) Graduate (per credit hour) $ 1,077 $ 1,511 Executive Doctor of Business Administration Program (EDBA) Graduate (per credit hour) $ 2,315 $ 2,315 Additional fees apply - please consult the Fox School of Business website * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 11 of 17
College of Health Professions and Social Work Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State College of Health Professions Full-time Undergraduate $ 16,710 $ 28,062 Full-time Undergraduate including University services fee 17,400 28,752 Part-time Undergraduate (per credit hour) ** 625 976 Full-time Undergraduate $ 17,510 $ 28,862 Full-time Undergraduate including University services fee 18,200 29,552 Part-time Undergraduate (per credit hour) ** 653 1,004 Graduate (per credit hour) ** $ 831 $ 1,143 Occupational Therapy (MOT - Class of 2015) Full-time $ 27,944 $ 36,394 Full-time including University services fee 28,634 37,084 Occupational Therapy (MOT - Class of 2016) Graduate (per credit hour) ** $ 831 $ 1,143 School of Social Work Full-time Undergraduate $ 14,006 $ 24,032 Full-time Undergraduate including University services fee 14,696 24,722 Part-time Undergraduate (per credit hour) ** 540 857 Full-time Undergraduate $ 14,806 $ 24,832 Full-time Undergraduate including University services fee 15,496 25,522 Part-time Undergraduate (per credit hour) ** 568 885 Graduate (per credit hour) ** $ 805 $ 1,103 * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 12 of 17
College of Engineering Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State Full-time Undergraduate $ 16,188 $ 26,160 Full-time Undergraduate including University services fee 16,878 26,850 Part-time Undergraduate (per credit hour) ** 612 925 Full-time Undergraduate $ 16,988 $ 26,960 Full-time Undergraduate including University services fee 17,678 27,650 Part-time Undergraduate (per credit hour) ** 640 953 Graduate (per credit hour) ** $ 913 $ 1,210 College of Science & Technology Full-time Undergraduate $ 16,046 $ 26,054 Full-time Undergraduate including University services fee 16,736 26,744 Part-time Undergraduate (per credit hour) ** 617 932 Full-time Undergraduate $ 16,846 $ 26,854 Full-time Undergraduate including University services fee 17,536 27,544 Part-time Undergraduate (per credit hour) ** 645 960 Graduate (per credit hour) ** $ 912 $ 1,209 School of Tourism & Hospitality Management Full-time Undergraduate $ 18,084 $ 31,312 Full-time Undergraduate including University services fee 18,774 32,002 Part-time Undergraduate (per credit hour) ** 697 1,114 Full-time Undergraduate $ 18,884 $ 32,112 Full-time Undergraduate including University services fee 19,574 32,802 Part-time Undergraduate (per credit hour) ** 725 1,142 Graduate (per credit hour) ** $ 1,077 $ 1,511 * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 13 of 17
University Studies Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State Full-time Undergraduate $ 14,006 $ 24,032 Full-time Undergraduate including University services fee 14,696 24,722 Part-time Undergraduate (per credit hour) ** 540 857 Full-time Undergraduate $ 14,806 $ 24,832 Full-time Undergraduate including University services fee 15,496 25,522 Part-time Undergraduate (per credit hour) ** 568 885 Non-Matriculated Students (Continuing Studies) Full-time Undergraduate $ 14,006 $ 24,032 Full-time Undergraduate including University services fee 14,696 24,722 Part-time Undergraduate (per credit hour) ** 540 857 Full-time Undergraduate $ 14,806 $ 24,832 Full-time Undergraduate including University services fee 15,496 25,522 Part-time Undergraduate (per credit hour) ** 568 885 Graduate (per credit hour) ** $ 805 $ 1,103 * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 14 of 17
PROFESSIONAL: Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State Beasley School of Law Full-time - Day Juris Doctor $ 20,906 $ 34,032 Full-time - Day Juris Doctor including University services fee 21,596 34,722 Full-time - Evening Juris Doctor ** 16,726 27,232 Part-Time Juris Doctor - per credit hour ** 809 1,391 In addition to any University wide fees, Juris Doctor students, full- and part-time, are assessed a Student Bar Association fee of $50 S.J.D. Program Part-Time - per credit hour ** 741 1,311 International Masters of Law ( LL.M ) Full-time $ 24,828 $ 24,828 Full-time including University services fee 25,518 25,518 Part-time - per credit hour 1,158 1,158 Master of Law in Trial Advocacy ( LL.M) Full-time $ 20,858 $ 20,858 Graduate Tax Program Part-time - per credit hour ** $ 748 $ 964 Summer Abroad: Rome Tuition $ 3,350 $ 3,350 Including an assessed $300 Program fee 3,650 3,650 Law: Temple Summer Professional Experience Curriculum (T-Spec) Tuition $ 3,125 $ 3,125 Including an assessed $125 Program fee 3,250 3,250 Law Summer Washington DC Tuition $ 3,750 $ 3,750 Including an assessed $250 Program fee 4,000 4,000 Temple - China (15 months tuition) $ 22,880 $ 22,880 * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 15 of 17
Temple University By School/College 2014-15 2014-15 Pennsylvania Out-of-State Kornberg School of Dentistry Full-time $ 48,808 $ 57,012 Full-time including University services fee 49,498 57,702 Graduate (per credit hour) ** 714 987 Advanced DMD Program Full-time $ 60,000 $ 60,000 Full-time including University services fee 60,690 60,690 Advanced Standing Doctor of the Medicine of Dentistry Program for Faculty who are Graduates of Non-US/Canadian Dental Schools Per semester/per credit hour $ 899 $ 899 School of Medicine Full-time $ 44,964 $ 53,468 Full-time including University services fee 45,654 54,158 Graduate (per credit hour) ** $ 805 $ 1,103 Saint Luke's Regional Campus Full-time $ 44,964 $ 53,468 Full-time including University services fee 45,654 54,158 School of Pharmacy Doctor of Pharmacy Full-time $ 29,980 $ 35,134 Full-time including University services fee 30,670 35,824 Part-time - per credit hour ** 815 1,016 All Pharmacy Graduate (including M.S. in Quality Assurance) Per Credit Hour ** $ 1,001 $ 1,267 School of Podiatric Medicine Full-time $ 35,564 $ 37,156 Full-time including University services fee 36,254 37,846 * Upper division is defined as undergraduate students with a minimum of 60 earned credits, regardless of how obtained. ** See final page of schedule for the credit hour assessment of the University Services Fee Page 16 of 17
Temple University University Services Fee All students are assessed the non-refundable University Services Fee every semester. The University Services fee is a single, comprehensive fee that helps fund a number of university services, including: Funding for state-of-the art computer equipment and technologies to provide support for the students' academic experiences, including e-mail access and modern lab facilities; Access to all student activities, events and recreational facilities; Expansion and maintenance of recreational and academic facilities to enhance and improve student life; Availability of basic student health and treatment services provided by nurses and physicians on campus. The fee structure for the fall and spring semesters is: 9+ credits $345 5.0 to 8.9 credits $249 1.0 to 4.9 credits $122 The fee structure for each summer session is: 9+ credits $173 5.0 to 8.9 credits $132 1.0 to 4.9 credits $77 Page 17 of 17