State University System of Florida OPERATING BUDGET Summary Fiscal Year 2007-2008 Florida Board of Governors Office of Budgeting and Fiscal Policy

State University System of Florida OPERATING BUDGET Summary Fiscal Year 2007-2008 Florida Board of Governors Office of Budgeting and Fiscal Policy

STATE UNIVERSITY SYSTEM OF FLORIDA 325 West Gaines Street Suite 1614 Tallahassee, Florida 32399-0400 Information Resource Management (850) 245-0418 www.flbog.org 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 2007-2008 Operating Budget Summary Enclosed for your information is the 2007-2008 Operating Budget Summary. The universities operating budgets were adopted by the Board of Governors on September 27, 2007. 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 www.flbog.org. 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

State University System of Florida Operating Budget Summary Fiscal Year 2007-08

OVERVIEW

2007-08 OPERATING BUDGET OVERVIEW Pursuant to Section 1011.40(2), Florida Statutes, and Senate Bill 2800, each President has prepared and received approval from their University Board of Trustees for a 2007-08 operating budget. The 2007-08 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 2007-08 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 2007-08 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 2007-08.

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 2007-08 GAA: the General Revenue Fund, the Educational Enhancement Trust Fund (Lottery), and the Phosphate Research Trust Fund. For 2007-08, the Legislature appropriated $42.1M in additional general revenue and lottery funds to support student access to the state universities. Funded enrollment for 2006-07 was 190,435 full-time equivalent (FTE) students and medical professionals, while 2007-08 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 2007-08 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 2007-08. This program provides state matching funds which are an

incentive for private support for university scholarships, professorships, and endowed chairs. This will fund all matching requests through February 7, 2007. 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 2007-08, 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 2007-08.

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.

$9.0 Billions State University System of Florida All Budget Entities Actual Expenditures 1997-1998 through 2006-2007 Estimated Expenditures 2007-2008 $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 $2.0 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Includes special units, contracts & grants, auxiliaries, local funds, and faculty practice plans.

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 2006-2007 Total Expenditures: $8,526,887,535 Estimated 2007-2008

STATE UNIVERSITY SYSTEM OF FLORIDA 2007-2008 OPERATING BUDGETS 2006-2007 2007-2008 PERCENTAGE ACTUAL ESTIMATED INCREASE/ BUDGET ENTITY EXPENDITURES EXPENDITURES DECREASE EDUCATIONAL & GENERAL UNIVERSITIES $2,841,584,737 $3,187,246,176 12.16% UF-IFAS $141,521,494 $157,681,731 11.42% UF-HEALTH SCIENCE CENTER $134,903,464 $139,027,196 3.06% FSU MEDICAL SCHOOL $29,821,854 $49,706,969 66.68% USF-HEALTH SCIENCE CENTER $72,058,986 $89,012,067 23.53% UCF MEDICAL SCHOOL $4,707,531 FIU MEDICAL SCHOOL $5,471,895 MOFFITT CANCER CENTER $13,440,335 $13,940,335 3.72% HUMAN AND MACHINE COGNITION $2,606,848 $3,000,000 15.08% SUB-TOTAL $3,235,937,718 $3,649,793,900 12.79% OTHER STATUTORY AUTHORIZED CONTRACTS & GRANTS $1,431,942,704 $1,609,960,807 12.43% AUXILIARY ENTERPRISES $839,605,332 $927,347,426 10.45% LOCAL FUNDS STUDENT ACTIVITY $69,482,789 $88,948,857 28.02% INTERCOLLEGIATE ATHLETICS $221,755,407 $224,806,074 1.38% CONCESSIONS $3,192,160 $3,666,863 14.87% STUDENT FINANCIAL AID $1,133,005,701 $1,363,132,254 20.31% SELF-INSURANCE PROGRAMS * $22,505,478 $36,994,954 64.38% UF-FACULTY PRACTICE PLANS $377,328,508 $416,568,170 10.40% FSU-FACULTY PRACTICE PLANS $4,161,624 $4,982,706 19.73% USF-FACULTY PRACTICE PLANS $179,576,166 $200,685,524 11.76% SUB-TOTAL $4,282,555,869 $4,877,093,635 13.88% SUMMARY $7,518,493,587 $8,526,887,535 13.41%

STATE UNIVERSITY SYSTEM OF FLORIDA 2007-2008 OPERATING BUDGETS 2006-2007 2007-2008 PERCENTAGE ACTUAL ESTIMATED INCREASE/ BUDGET ENTITY EXPENDITURES EXPENDITURES DECREASE EDUCATIONAL & GENERAL UNIVERSITIES $2,841,584,737 $3,187,246,176 12.16% UF-IFAS $141,521,494 $157,681,731 11.42% UF-HEALTH SCIENCE CENTER $134,903,464 $139,027,196 3.06% FSU MEDICAL SCHOOL $29,821,854 $49,706,969 66.68% USF-HEALTH SCIENCE CENTER $72,058,986 $89,012,067 23.53% UCF MEDICAL SCHOOL $4,707,531 FIU MEDICAL SCHOOL $5,471,895 MOFFITT CANCER CENTER $13,440,335 $13,940,335 3.72% HUMAN AND MACHINE COGNITION $2,606,848 $3,000,000 15.08% SUB-TOTAL $3,235,937,718 $3,649,793,900 12.79% OTHER STATUTORY AUTHORIZED CONTRACTS & GRANTS $1,431,942,704 $1,609,960,807 12.43% AUXILIARY ENTERPRISES $839,605,332 $927,347,426 10.45% LOCAL FUNDS STUDENT ACTIVITY $69,482,789 $88,948,857 28.02% INTERCOLLEGIATE ATHLETICS $221,755,407 $224,806,074 1.38% CONCESSIONS $3,192,160 $3,666,863 14.87% STUDENT FINANCIAL AID $1,133,005,701 $1,363,132,254 20.31% SELF-INSURANCE PROGRAMS * $22,505,478 $36,994,954 64.38% UF-FACULTY PRACTICE PLANS $377,328,508 $416,568,170 10.40% FSU-FACULTY PRACTICE PLANS $4,161,624 $4,982,706 19.73% USF-FACULTY PRACTICE PLANS $179,576,166 $200,685,524 11.76% SUB-TOTAL $4,282,555,869 $4,877,093,635 13.88% SUMMARY $7,518,493,587 $8,526,887,535 13.41%

STATE UNIVERSITY SYSTEM OF FLORIDA TOTAL POSITIONS AND EXPENDITURES 2006-2007 AND 2007-2008 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 2006-2007 ------------------- ------------------- ------------------- ------------------- ----------------- ------------------- ----------------- ------------------- ------------------------------------------------------ ------------------- UNIVERSITY OF FLORIDA 5,295.94 $563,147,932 4,492.22 $639,206,500 1,502.92 $272,834,501 108.75 $406,635,171 11,399.83 $1,881,824,104 FLORIDA STATE UNIVERSITY 4,330.94 $392,184,728 1,494.08 $175,190,469 1,049.11 $176,671,864 284.75 $158,663,130 7,158.88 $902,710,191 FLORIDA A&M UNIVERSITY 1,745.49 $161,863,947 472.99 $46,863,536 195.04 $19,867,677 74.32 $43,187,102 2,487.84 $271,782,262 UNIVERSITY OF SOUTH FLORIDA 3,770.17 $353,268,196 2,785.32 $300,691,883 577.65 $83,174,715 170.60 $263,088,558 7,303.74 $1,000,223,352 FLORIDA ATLANTIC UNIVERSITY 2,772.36 $227,840,528 600.75 $43,731,440 334.83 $48,469,929 93.93 $119,650,239 3,801.87 $439,692,136 UNIVERSITY OF WEST FLORIDA 1,083.94 $88,477,976 112.30 $20,194,337 77.96 $11,853,839 47.84 $41,195,674 1,322.04 $161,721,826 UNIVERSITY OF CENTRAL FLORIDA 4,484.00 $379,982,242 518.08 $95,430,139 476.05 $91,074,388 292.24 $258,038,378 5,770.37 $824,525,147 FLORIDA INTERNATIONAL UNIVERSITY 2,863.70 $300,585,795 884.25 $81,403,393 531.44 $87,588,536 104.50 $88,759,738 4,383.89 $558,337,462 UNIVERSITY OF NORTH FLORIDA 1,373.07 $116,755,431 209.76 $14,037,158 152.56 $25,735,577 90.65 $33,110,186 1,826.04 $189,638,352 FLORIDA GULF COAST UNIVERSITY 615.82 $69,057,010 99.07 $14,030,043 78.25 $19,582,946 38.29 $11,710,241 831.43 $114,380,240 NEW COLLEGE OF FLORIDA 216.76 $19,403,037 4.88 $1,163,806 17.99 $2,751,360 2.00 $3,397,640 241.63 $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 $8,850,000 2+2 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 1,762.93 $141,521,494 1,762.93 $141,521,494 UF HEALTH SCIENCE CENTER 1,208.95 $134,903,464 $377,328,508 1,208.95 $512,231,972 FSU MEDICAL SCHOOL 341.25 $29,821,854 $4,161,624 341.25 $33,983,478 USF HEALTH SCIENCE CENTER 794.84 $72,058,986 $179,576,166 794.84 $251,635,152 ------------ -------------------- ------------ -------------------- ------------ ------------------ --------- ------------------- ------------ ------------------ ------------ -------------------- STATE UNIVERSITY SYSTEM 32,660.16 $3,235,937,718 11,673.70 $1,431,942,704 4,993.80 $839,605,332 1,307.87 $1,449,941,535 0.00 $561,066,298 50,635.53 $7,518,493,587 ======== ============= ======== ============= ==================== ================== ==================== ===================== ESTIMATED EXPENDITURES 2007-2008 UNIVERSITY OF FLORIDA 5,334.69 $592,148,743 4,406.53 $662,884,800 1,499.27 $281,976,830 108.75 $428,393,056 11,349.24 $1,965,403,429 FLORIDA STATE UNIVERSITY 4,396.93 $452,562,786 1,419.60 $212,942,180 1,041.06 $191,079,013 287.49 $182,032,426 7,145.08 $1,038,616,405 FLORIDA A&M UNIVERSITY 1,750.75 $173,852,681 468.08 $58,685,359 202.30 $23,511,533 75.32 $146,157,107 2,496.45 $402,206,680 UNIVERSITY OF SOUTH FLORIDA 3,726.43 $430,613,283 1,571.52 $344,780,000 479.95 $100,200,000 164.45 $278,530,921 5,942.35 $1,154,124,204 FLORIDA ATLANTIC UNIVERSITY 2,984.85 $265,835,984 533.82 $63,307,843 369.50 $55,843,937 115.41 $137,627,620 4,003.58 $522,615,384 UNIVERSITY OF WEST FLORIDA 1,077.51 $101,497,785 119.82 $17,429,025 75.89 $12,405,929 48.04 $39,583,701 1,321.26 $170,916,440 UNIVERSITY OF CENTRAL FLORIDA 4,750.00 $417,029,028 584.25 $133,100,000 506.29 $111,610,000 282.49 $313,534,932 6,123.03 $975,273,960 FLORIDA INTERNATIONAL UNIVERSITY 2,973.49 $343,225,847 870.88 $85,721,081 543.13 $104,441,829 103.75 $98,046,452 4,491.25 $631,435,209 UNIVERSITY OF NORTH FLORIDA 1,408.06 $130,106,357 195.21 $18,514,881 165.71 $25,910,198 95.38 $37,637,405 1,864.36 $212,168,841 FLORIDA GULF COAST UNIVERSITY 615.82 $78,782,523 99.07 $11,545,230 78.25 $15,631,302 38.29 $15,587,584 831.43 $121,546,639 NEW COLLEGE OF FLORIDA 235.62 $23,254,195 4.65 $1,050,408 19.69 $4,736,855 2.00 $3,422,844 261.96 $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 1,762.55 $157,681,731 1,762.55 $157,681,731 UF HEALTH SCIENCE CENTER 1,241.58 $139,027,196 $416,568,170 1,241.58 $555,595,366 FSU MEDICAL SCHOOL 340.17 $49,706,969 $4,982,706 340.17 $54,689,675 USF HEALTH SCIENCE CENTER 796.49 $89,012,067 $200,685,524 796.49 $289,697,591 UCF MEDICAL SCHOOL 18.73 $4,707,531 18.73 $4,707,531 FIU MEDICAL SCHOOL 27.75 $5,471,895 27.75 $5,471,895 ------------ -------------------- ------------ -------------------- ----------- ------------------ ------------ ------------------ ------------ ------------------ ------------ -------------------- STATE UNIVERSITY SYSTEM 33,441.42 $3,649,793,900 10,273.43 $1,609,960,807 4,981.04 $927,347,426 1,321.37 $1,717,549,002 0.00 $622,236,400 50,017.26 $8,526,887,535 ======== ============= ======== ============= =================== ==================== ==================== =====================

STATE UNIVERSITY SYSTEM OF FLORIDA 2007-2008 Operating Budget Summary Schedule 1 Educational Contracts ------------------------------------------------Local Funds 4 ----------------------------------------------------------- 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 $2,131,361,166 2 3 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 $50,431,500 10 State Grants $0 $143,949,639 $0 $0 $350,451,044 $0 $451,805 $0 $0 $494,852,488 11 Other Grants and Donations $0 $165,068,437 $4,000 $7,000 $57,434,639 $0 $33,085,498 $0 $6,712,141 $262,311,715 12 Donations/Contrib. Given to the State $7,102,392 $230,800,000 $0 $0 $0 $0 $0 $0 $0 $237,902,392 13 Transfers $403,741 $156,767,175 $174,692,934 $34,362,187 $84,242,492 $807,247 $4,593,778 $0 $5,132,186 $461,001,740 14 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 $650,400,967 15 Sales of Data Processing Services $0 $0 $9,000,000 $865,651 $0 $0 $0 $0 $0 $9,865,651 16 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 $881,422,935 17 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 $579,434,022 18 Rent $145,000 $0 $70,002,334 $311,419 $0 $913,000 $6,579 $0 $0 $71,378,332 19 Concessions $0 $0 $330,000 $0 $0 $40,000 $0 $0 $0 $370,000 20 Assessments/Services $0 $0 $2,083,000 $0 $230,000 $0 $0 $37,968,983 $0 $40,281,983 21 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 $246,898,920 22 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 $8,936,158,588 23 24 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 $3,830,854,005 26 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 $495,513,476 27 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 $3,465,013,644 28 Operating Capital Outlay $17,718,853 $80,373,818 $20,312,479 $1,215,499 $0 $0 $1,206,563 $0 $7,871,232 $128,698,444 29 Waivers $1,591,584 $0 $0 $0 $0 $0 $0 $0 $0 $1,591,584 30 Institute of Government $1,467,155 $0 $0 $0 $0 $0 $0 $0 $0 $1,467,155 31 Library Resources $40,894,205 $0 $194,449 $16,297 $0 $0 $0 $0 $0 $41,104,951 32 Risk Management $16,234,939 $553,260 $1,131,050 $6,933 $0 $0 $165,430 $0 $0 $18,091,612 33 Salary Incentive Payments $533,690 $0 $31,952 $0 $136,915,822 $0 $0 $0 $0 $137,481,464 34 Law Enforcement Incentive Payments $6,444,792 $0 $0 $0 $0 $0 $0 $0 $0 $6,444,792 35 Financial Aid $38,865,927 $0 $0 $0 $7,300,000 $0 $0 $0 $0 $46,165,927 36 Scholarships $817,940 $0 $0 $0 $2,155,000 $0 $0 $0 $0 $2,972,940 37 Regional Data Centers-SUS $1,755,245 $132,876 $0 $0 $0 $0 $0 $0 $0 $1,888,121 38 Black Male Explorers Program $300,000 $0 $0 $0 $0 $0 $0 $0 $0 $300,000 39 Special Category $7,242,068 $0 $0 $0 $0 $0 $0 $0 $0 $7,242,068 40 FL Demo Project-Direct Costs $0 $3,975,336 $0 $0 $0 $0 $0 $0 $0 $3,975,336 41 Debt Service $82,752 $438,150 $48,206,878 $0 $0 $0 $5,820,540 $0 $537,145 $55,085,465 42 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

STATE UNIVERSITY SYSTEM OF FLORIDA 2007-2008 Operating Budget Summary Schedule 1 Educational Contracts ------------------------------------------------Local Funds 4 ----------------------------------------------------------- Faculty & General 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary 43 44 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 $381,183,769 46 Fixed Capital Outlay $0 $0 $121,581 $0 $0 $0 $1,000,000 $0 $123,336,348 $124,457,929 47 Carryforward $223,761,411 $0 $0 $0 $0 $0 $0 $0 $410,000 $224,171,411 48 Other 7 $200,000 $25,869,145 $0 $0 $0 $0 $0 $0 $87,719,252 $113,788,397 49 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 $843,601,506 50 51 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 $1,980,027,264 52 53 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 -31.06% 2.51% 0.72% -14.54% 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 1011.40(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.

UNIVERSITY OF FLORIDA 2007-2008 Operating Budget Summary Schedule 1 Educational IFAS HSC Contracts ----------------------------------------Local Funds 4 ----------------------------------------------------- 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 $677,783,704 2 3 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 $167,670,036 11 Other Grants and Donations $66,175,000 $11,000,000 $25,019,775 $6,712,141 $108,906,916 12 Donations/Contrib. Given to the State $7,102,392 $230,800,000 $237,902,392 13 Transfers $403,741 $8,512,700 $26,944,325 $12,000,000 $200,000 $48,060,766 14 Sales of Goods/Services $3,600,000 $8,150,000 $5,200,000 $218,788,580 $47,657,634 $119,494,497 $402,890,711 15 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 $411,538,847 17 Miscellaneous Receipts $0 18 Rent $145,000 $9,999,951 $913,000 $11,057,951 19 Concessions $260,000 $260,000 20 Assessments/Services $31,087,611 $31,087,611 21 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 $120,743,890 22 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 $2,919,745,077 23 24 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 $1,365,995,611 26 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 $198,199,412 27 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 $1,060,177,052 28 Operating Capital Outlay $178,000 $1,010,000 $33,309,650 $5,469,200 $383,319 $691,664 $7,871,232 $48,913,065 29 Waivers $1,415,510 $1,415,510 30 Institute of Government $0 31 Library Resources $9,181,642 $865,905 $10,047,547 32 Risk Management $1,472,671 $1,420,769 $835,257 $3,728,697 33 Salary Incentive Payments $0 34 Law Enforcement Incentive Payments $0 35 Financial Aid $4,922,123 $4,922,123 36 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 $15,395,091 42 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

UNIVERSITY OF FLORIDA 2007-2008 Operating Budget Summary Schedule 1 Educational IFAS HSC Contracts ----------------------------------------Local Funds 4 ----------------------------------------------------- Faculty & General 1 E&G 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary 43 44 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 $174,877,759 46 Fixed Capital Outlay $1,000,000 $410,000 $1,410,000 47 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 $176,287,759 50 51 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 $712,446,914 52 53 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 $34,663,210 54 Fund Balance Percentage Change 0.00% -2.54% 13.66% 5.65% 9.90% -69.49% -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 1011.40(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.

FLORIDA STATE UNIVERSITY 2007-2008 Operating Budget Summary Schedule 1 Educational Medical School Contracts ------------------------------------------------Local Funds 4 ------------------------------------------------------------ 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 $404,973,695 2 3 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 $132,623 10 State Grants $23,494,150 $66,894,204 $90,388,354 11 Other Grants and Donations $20,193,824 $7,000 $10,593,634 $6,665,723 $37,460,181 12 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 $174,239,799 14 Sales of Goods/Services $14,527,993 $113,145,222 $3,137,517 848,154 $471,500 $31,088,000 $163,218,386 15 Sales of Data Processing Services $9,000,000 $9,000,000 16 Fees $2,632,250 $33,304,364 $10,334,462 $6,396,000 $52,667,076 17 Miscellaneous Receipts $25,861,561 $530,030 $26,391,591 18 Rent $28,323,537 $311,419 $28,634,956 19 Concessions $50,000 $50,000 20 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 $24,704,991 22 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 $1,267,712,470 23 24 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 $510,416,871 26 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 $79,667,095 27 Expenses $79,183,890 $10,397,743 $80,150,646 $112,388,660 $7,575,857 $121,307,382 $437,804 $28,239,793 $439,681,775 28 Operating Capital Outlay $2,424,787 $551,500 $14,394,092 $6,574,021 $223,008 $415,000 $24,582,408 29 Waivers $45,236 $45,236 30 Institute of Government $1,017,155 $450,000 $1,467,155 31 Library Resources $6,240,145 $6,240,145 32 Risk Management $2,097,763 $2,097,763 33 Salary Incentive Payments $78,840 $78,840 34 Law Enforcement Incentive Payments $0 35 Financial Aid $13,530,119 $13,530,119 36 Scholarships $0 37 Regional Data Centers - SUS $1,113,673 $1,113,673 38 Black Male Explorers Program $0 39 Special Category $0 40 FL Demo Project - Direct Costs $0 41 Debt Service $14,385,000 $14,385,000 42 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

FLORIDA STATE UNIVERSITY 2007-2008 Operating Budget Summary Schedule 1 Educational Medical School Contracts ------------------------------------------------Local Funds 4 ------------------------------------------------------------ Faculty & General 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary 43 44 Non-Operating Expenditures 45 Transfers $63,514,678 $60,536,455 $20,444,197 $2,084,573 $457,247 $2,988,994 $150,026,144 46 Fixed Capital Outlay $0 47 Carryforward $60,000,000 $60,000,000 48 Other 7 $25,869,145 $25,869,145 49 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 $235,895,289 50 51 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 $343,484,796 52 53 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 -34.71% 5.00% 8.01% -18.47% -20.93% -7.67% 2.70% 0.00% 0.00% 0.00% -15.18% 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 1011.40(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.

Educational Contracts FLORIDA A&M UNIVERSITY 2007-2008 Operating Budget Summary Schedule 1 ------------------------------------Local Funds 4 ---------------------------------------------- & 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 $72,296,027 2 3 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 $21,069,991 11 Other Grants and Donations $0 12 Donations/Contrib. Given to the State $0 13 Transfers $3,203,323 $3,203,323 14 Sales of Goods/Services $4,412,232 $4,412,232 15 Sales of Data Processing Services $0 16 Fees $12,889,841 $3,907,482 $3,000,000 $19,797,323 17 Miscellaneous Receipts $9,070,896 $74,641 $170,000 $4,101,000 $13,416,537 18 Rent $0 19 Concessions $0 20 Assessments/Services $0 21 Other 6 $104,000 $104,000 22 Total Receipts/Revenues $173,852,681 $59,152,108 $29,576,292 $4,086,123 $136,156,822 $170,000 $7,101,000 $410,095,026 23 24 Operating Expenditures 25 Salaries and Benefits $117,281,558 $14,329,188 $8,028,121 $803,873 $3,252,293 $143,695,033 26 Other Personal Services $7,480,371 $9,147,250 $1,335,694 $766,932 $368,512 $19,098,759 27 Expenses $39,620,894 $24,584,697 $11,404,259 $1,542,762 $138,500 $3,111,764 $80,402,876 28 Operating Capital Outlay $2,992,089 $10,624,224 $623,650 $3,850 $11,799 $14,255,612 29 Waivers $130,838 $130,838 30 Institute of Government $0 31 Library Resources $2,399,844 $2,399,844 32 Risk Management $1,221,696 $1,221,696 33 Salary Incentive Payments $136,156,822 $136,156,822 34 Law Enforcement Incentive Payments $14,799 $14,799 35 Financial Aid $1,769,020 $1,769,020 36 Scholarships $0 37 Regional Data Centers - SUS $641,572 $641,572 38 Black Male Explorers Program $300,000 $300,000 39 Special Category $0 40 FL Demo Project - Direct Costs $0 41 Debt Service $2,119,809 $2,119,809 42 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

Educational Contracts FLORIDA A&M UNIVERSITY 2007-2008 Operating Budget Summary Schedule 1 ------------------------------------Local Funds 4 ---------------------------------------------- & General 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Summary 43 44 Non-Operating Expenditures 45 Transfers $48,757 $1,617,481 $871,817 $2,538,055 46 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 $2,538,055 50 51 Ending Fund Balance $27,571,727 $859,277 $14,448,023 $1,608,347 $32,767,761 $32,499 $358,684 $77,646,318 52 53 Fund Balance Increase/Decrease $0 $1,300,562 $4,447,278 $96,889 $0 $31,500 $356,632 $5,350,291 54 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 1011.40(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

UNIVERSITY OF SOUTH FLORIDA 2007-2008 Operating Budget Summary Schedule 1 Educational HSC Contracts ------------------------------------------------Local Funds 4 ------------------------------------------------------------ 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 $409,364,438 2 3 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 $23,716,099 10 State Grants $1,400,000 $169,030,924 $170,430,924 11 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 $133,420,582 14 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 $183,672,638 17 Miscellaneous Receipts $1,300,000 $59,619,212 $128,801 $693,219 $14,366,560 $58,085,866 $134,193,658 18 Rent $0 19 Concessions $0 20 Assessments/Services $6,881,372 $6,881,372 21 Other 6 $6,599,570 $1,492,810 $1,795,000 $28,835,639 $2,025 $370,000 $18,281 $39,113,325 22 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 $1,525,205,948 23 24 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 $631,291,336 26 Other Personal Services $23,245,989 $3,152,914 $46,372,608 $7,067,307 $1,813,867 $717,682 $945,120 $83,315,487 27 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 $588,193,332 28 Operating Capital Outlay $2,491,251 $93,548 $18,844,044 $3,101,595 $358,777 $50,000 $24,939,215 29 Waivers $0 30 Institute of Government $0 31 Library Resources $6,687,892 $1,092,841 $194,449 $16,297 $7,991,479 32 Risk Management $2,679,216 $539,728 $463,584 $624,595 $5,333 $160,000 $4,472,456 33 Salary Incentive Payments $31,952 $31,952 34 Law Enforcement Incentive Payments $0 35 Financial Aid $4,205,766 $47,700 $4,253,466 36 Scholarships $0 37 Regional Data Centers - SUS $132,876 $132,876 38 Black Male Explorers Program $0 39 Special Category $7,242,068 $7,242,068 40 FL Demo Project - Direct Costs $3,975,336 $3,975,336 41 Debt Service $6,984,168 $160,744 $7,144,912 42 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

UNIVERSITY OF SOUTH FLORIDA 2007-2008 Operating Budget Summary Schedule 1 Educational HSC Contracts ------------------------------------------------Local Funds 4 ------------------------------------------------------------ Faculty & General 1 E&G 1 & Grants 2 Auxiliaries 3 Student Act. Fin. Aid Concessions Athletics Self-Ins. Practice 5 Summary 43 44 Non-Operating Expenditures 45 Transfers $56,000,000 $7,600,000 $6,000,000 $270,000 $900,000 $87,719,252 $158,489,252 46 Fixed Capital Outlay $0 47 Carryforward $66,454,899 $24,833,270 $91,288,169 48 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 $249,777,421 50 51 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 $321,809,050 52 53 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 -43.19% -76.70% -23.01% -6.36% -23.38% 100+% 31.87% -10.61% 0.00% 1.07% -21.39% 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 1011.40(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.