|FY 2004||FY 2005|
|Balances Brought Forward|
|Tuition and fees special funds||9,266,252||0|
|Research and training revolving funds||14,670,666||0|
|Subtotal carryover balances||23,936,918||0|
|FY03 GF appropriation||186,088,473||186,086,473|
|FY03 CB allotment||0||0|
|Tuition revenues ||53,500,000||56,207,100|
|RTRF revenues ||22,412,894||24,654,183|
|Subtotal current revenues||260,868,147||265,947,756|
|Total Available Revenues||284,805,065||265,947,756|
|Estimated expenditures and assessments|
|Current program expenditures ||251,983,613||263,493,768|
|Expenditure/commitment of carryover/ balances||23,936,918||0|
|System assessments ||4,800,000||5,780,319|
|Unbudgeted commitments ||5,900,000||562,100|
|Total estimated expenditures and assessments||286,620,531||269,274,087|
|Estimated balance at end of the year||(1,815,466)||(3,326,331)|
* excludes tuition and fees for summer session and continuing education
Kathy Cutshaw asked what risk assessment funds were for. Rodney Sakaguchi replied it is for use, minus a deductible, and suggested they come to visit MLT to review the specifics of how the fund can be accessed.
Alan Yang asked if Banner expenses were initial costs of Banner central. Rodney Sakaguchi replied it's for the initial expenditure.
Chuck Hayes asked what the best guess is on whether reserves will be spent by the units, or if those expenses will be available to cover the deficit. Rodney Sakaguchi replied it depends on units; they report they'll be spend.
Andy Hashimoto asked if the current budget outlook includes supplemental budget allocations. Peter Englert cataloged what our request is, and indicated that it is not included at this time in the budget -- because supplemental budget amounts are not allocated at this time.
Andy Hashimoto also asked if it includes monies for medical school library. Rodney Sakaguchi replied it is included as an expense.
Judy Hughes reported that next year we will be cutting many classes, so we need to look at instructional expenses.