Operational Revenue & Expense Report - January 2019...Academic Sumr Refurb, Paint, Maint 1,000 1,000 ‐ ‐ ‐ Housing Maintenance ‐ Atlantic City Housing Sumr Refurb, Paint, Maint.

Stockton University

FY 2019 Operational and Capital Report

as of January 31, 2019

Page

Operational Budget Summary: University, Auxiliaries, and Agency 1

Capital Projects Summary 2

Internal Capital Projects Summary 3‐4

External Capital Projects and Other Funding Summary 5

Capital Grants Summary 6

Stockton University

FY 2019 Operational and Capital Report

as of January 31, 2019

Table of Contents

Original Revised FY19 Year‐to‐Date %REVENUE Budget Budget Revenues Realized

University RevenueState Appropriation 18,391,000.00$           18,391,000.00$           10,728,081.00$           58%Central Appropriation ¹ 32,216,000.00              32,216,000.00              15,312,780.80$           48%Undergraduate Tuition ² 73,749,265.56              73,299,907.17              73,299,907.17              100%Graduate Tuition ² 9,939,129.25                10,565,724.87              10,565,724.87              100%Educational & General Fee ² 30,909,299.74              30,806,511.82              30,806,511.82              100%Facilities Fee ² 8,667,994.93                8,649,683.41                8,649,683.41                100%Other Fees/Income 4,514,525.00                4,514,525.00                3,351,748.69                74%Summer Gross Revenue 6,000,000.00                6,000,000.00                2,363,337.94                39%Admin Cost Recovery ³ 823,650.00  500,000.00  309,018.00  62%

Subtotal University Revenue 185,210,864.48$        184,943,352.27$        155,386,793.70$        84%

Housing Revenue ² 28,967,054.72$          28,967,054.72$          28,835,903.06$          100%Student Activity Revenue ² 1,216,090.31$             1,223,983.31$             1,133,665.48$             93%Health Activity Revenue ² 1,755,854.30$             1,679,747.48$             1,679,747.48$             100%Seaview Revenue ‐$   ‐$   1,632,055.58$            

Fund Balance 4,410,871.68                1,588,275.99                ‐  0%

Total Available Funds 221,560,735.49$        218,402,413.77$        188,668,165.30$        86%

Original Revised  FY19 Year‐to‐Date FY19 Year‐to‐Date %EXPENSES Budget Budget Expenses Commitments Realized

University ExpensesPresident 4,691,365.87$              4,166,826.47$              1,991,041.47$              1,271,485.64$              78%Academic Affairs 68,511,035.21              68,931,880.41              34,507,341.19              24,789,203.93              86%Student Affairs 5,202,367.64                5,234,577.63                2,653,157.61                1,420,518.41                78%Enrollment Management 3,823,247.18                4,445,450.20                2,617,137.65                1,451,855.02                92%Athletics 1,771,375.64                1,855,445.62                897,912.67  561,657.26  79%Executive Vice President 6,060,915.30                6,466,622.70                3,095,092.31                1,945,319.80                78%Administration & Finance 4,504,316.71                4,070,586.62                1,999,817.54                1,477,944.20                85%Facilities and Operations 17,871,975.52              17,930,406.01              8,724,161.34                5,832,526.07                81%Information Technology Svs 8,169,095.20                8,244,701.03                4,703,543.08                2,193,606.59                84%Student Aid  17,071,950.00              17,071,950.00              9,611,827.14                ‐  56%Institutional General ⁴ 5,409,963.76                4,250,303.94                8,038,878.41                2,451,177.02                247%Student Life 11,348,267.95              11,348,267.95              6,093,556.21                1,722,642.52                69%Recreational Program 1,292,444.09                1,292,444.09                725,839.48  292,413.60  79%Fringe Benefits 33,583,832.84              32,836,725.52              17,219,697.29              ‐  52%Salary/Operational Savings ⁵ (2,000,000.00)               0%

Subtotal University Expenses 189,312,152.91$        186,146,188.19$        102,879,003.39$        45,410,350.06$          80%

Housing Expenses 28,967,054.72$          28,967,054.72$          10,583,368.67$          3,652,125.45$             49%Student Activity Expenses 1,216,090.31$             1,223,983.31$             588,586.95$                 150,506.57$                 60%Health Activity Expenses 2,065,437.55$             2,065,187.55$             932,719.45$                 640,839.20$                 76%Seaview Expenses ‐$   ‐$   1,568,342.58$            

Total Expenses 221,560,735.49$        218,402,413.77$        116,552,021.04$        49,853,821.28$          76%

Notes:

‐ Commitments include estimated salary expenses for the remainder of the fiscal year.

3 The Admin. Cost Recovery was revised due to the salary and benefits recovery change.4 The realized percentage is higher throughout the fiscal year, since the credit for the Adminstrative Charge is not applied until year‐end.5  This includes the budgeted salary and non‐salary estimated savings.

STOCKTON UNIVERSITYOperational Budget Summary: University, Auxiliaries, and Agency

as of January 31, 2019

‐ Year‐to‐date expenses do not include depreciation.

1 Central Appropriation is an estimated amount that the State pays for fringe benefits.  The University reimburses the State on a quarterly 

basis for non‐state funded positions and auxiliaries enterprises.2 The realized percentages represent the receipt of tuition and fee payments for the Spring 2019 semester.

1

FY19 FY19 FY19 FY19

Carryforward Budget Expenses Encumbrances Available Budget

Internal, External, and Other Capital Projects

Internal Capital Projects ‐ Galloway  3,457,867$            6,567,264$            3,143,162$            1,515,784$            5,366,185$            

Internal Capital Projects ‐ Atlantic City  ‐ 450,127  199,150  101,938  149,039

External Projects & Other Funding ‐ Galloway  1,835,614               316,211  339,941  656,776  1,155,108              

External Projects & Other Funding ‐ Atlantic City 3,045,493               ‐ 4,031,518               ‐ (986,025)                

Total Internal, External, and Other Capital Projects 8,338,974$            7,333,602$            7,713,771$            2,274,498$            5,684,307$            

Capital Grants

State Grant Projects ‐$ 773,518$                213,642$                141,401$                418,475$               

State Grant Projects ‐ University Match 331,672  76,664  48,893  206,115

Total Capital Grants ‐$   1,105,190$            290,306$               190,294$               624,590$               

Total Capital Projects & Capital Grants 8,338,974$            8,438,792$            8,004,077$            2,464,792$            6,308,897$            

Capital Projects Summaryas of January 31, 2019

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Fund Description FY18 Carryforward FY19 Budget FY19 Expenses

FY19 

Encumbrances

FY19 Available 

Budget

Facilities & Operations ‐ Galloway

Science Building‐College Fund 328,304$                  ‐$   147,983$                  75,281$   105,040$                 

College Signage 14,351  300,000  34,160  ‐ 280,191 

AC Gateway Admin Bldg 1,849 ‐ ‐ ‐ 1,849 

Parking & Sidewalk (Lot 6 & 5 Exp) 751,727  69,911  434,488  176,009  211,141 

Building 31‐Hot Water Boilers 97,174 ‐ 64,239  12,935  20,000 

Building 32‐3 Cooling Towers&Cntrls ¹ 4,421 ‐ (5,992)  5,992  4,421 

Replace Lift Station 1 296,020  ‐ 5,300  8,770  281,950 

Health Science Ctr 3rd Floor Renova 327,318 ‐ 327,318  ‐ ‐

USC2 Equipment 539,131  185,000  478,491  47,323  198,317 

Health Science Equipment 229,259  ‐ 199,812  ‐ 29,447 

Electrical Proj (Switchgear Maint) 487,382  39,800  91,100  356,482 

Water Plant Upgrades/Restoration 650,000  ‐ ‐ 650,000 

Roof Replacement A&S, C/D, Gallery 1,800,000                11,800  7,298 1,780,902               

Flooring/Furniture Upgrds/Replcmnts 3,392  155,471  76,190  28,473  54,200 

Electrical/Mechanical Upgrds/Rplcmn 2,020 200,000  59,496  62,002  80,522 Grounds Equip & Material Hndlng Nds ‐ 75,000  433 3,500  71,067 

Restroom Accessibility Improvements 67,860  ‐ 3,755  14,225  49,880 

HVAC system renov‐Presidents Suite ‐ ‐ ‐ ‐ ‐

Nacote Creek, Leach/Septic Tank Rep 9,500 9,500  ‐ ‐

Gas Tank Removal & Replacement 125,000  ‐ ‐ 125,000 

K‐Wing Structural Plaza Study ‐ ‐ ‐ ‐

Mobile Emergency Generator 190,000  2,647  185,237  2,116 

CMMS Work Order System ‐ ‐ ‐ ‐

K‐Wing Access Ctrl/President's Area ‐ ‐ ‐ ‐

Bldg 70 HVAC Upgrades Design (A&E) 21,000  ‐ ‐ 21,000 

North Athletic Complex & Pomona Rd. ‐ ‐ ‐ ‐

Motor Pool Needs 350,000  99,210  250,232  558

Student Life Maintenance

Flooring/Furn Upgrades/Replacement ‐$   ‐$   ‐$   ‐$   ‐$  

MPRC floor replacement‐Sports Cntr 150,000  72 101 149,827 

SL Grounds Equip & Maint Hndlng 50,000  50,000  ‐ ‐

SL Sprng/Summ Grnd/Fld Maint/Refurb 13,737  70,000  33,137  512 50,088 

Big Blue Underground Water line rep 44,482  ‐ 23,184  ‐ 21,298 

St Life Floor/Furnit Upgrade/Replac 50,000  7,753  4,140  38,107 

Housing Maintenance ‐ Galloway

Housing 1 Tub Liner Replacement 76,704$   ‐$   76,704$   ‐$   ‐$  

HSG 1 ROOF C,D&F 242,587  ‐ ‐ 236,500  6,087 

Housing 2 & 3 Access Cntrl Upgrade 250,000  ‐ ‐ 250,000 

Hsg Summer Refurb, Paint, Maint. 5,710  ‐ 688 5,022  ‐

Hsg Flooring/Furn Upgrades/Replcmnt 4,259 250,000  58,353  9,240  186,666 

TRLC Meeting Room‐Replace HVAC 84,765  50,000  107,898  10,702  16,165 

Housing Sumr Refurb, Paint, Maint 164,000  44,196  11,341  108,463 

Housing 1 Reno Feasibility Study 100,000  25,085  9,840  65,075 

1  ($5,992) expense is for accrued retainage for contracted services.

Internal Capital Projects Summaryas of January 31, 2019

Galloway

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Fund Description FY18 Carryforward FY19 Budget FY19 Expenses

FY19 

Encumbrances

FY19 Available 

Budget

Internal Capital Projects Summaryas of January 31, 2019

Information Technology Services ‐ Galloway

Academic Facilities Equip Replcmnt 10,665$   ‐$   10,665$   ‐$   ‐$  

Network Equipment Replacement 15,157  ‐ ‐ ‐ 15,157 

I‐Wing Gym AV Upgrade 10,000  ‐ 10,000  ‐ ‐

Telephone Switch Upgrade 70,540  ‐ 70,418  ‐ 122

Business Intell Reporting Tool 20,989  ‐ ‐ ‐ 20,989 

Firewall IDS 125,318  ‐ 125,318  ‐ ‐

Sports Center AV Upgrade 70,128  ‐ 4,417  ‐ 65,711 

Academic Facilities Equip Replace 420,000  52,371  33,220  334,409 

Enterprise Datacenter Server Replac 60,000  ‐ ‐ 60,000 

Genetec Software Suite 175,000  73,173  88,871  12,956 

CCTV Equipment 115,000  22,082  92,918  ‐

CCTV Camera Equipment Replacement 45,000  ‐ 45,000  ‐

Seaview Miscellaneous Repairs ‐$   ‐$   359,018$                  ‐$   (359,018)$               

Total Internal Capital Projects ‐ Galloway 3,457,867$              6,567,264$              3,143,162$              1,515,784$              5,366,185$             

Facilities & Operations ‐ Atlantic City

AC Real Estate ‐$   150,000$                  101,427$                  3,073$   45,500$  

Vehicle Needs (Security & Maint.) 99,244  ‐ 98,865  379

Grounds Equip & Material Handling 85,000  56,723  ‐ 28,277 

Academic Sumr Refurb, Paint, Maint 1,000  1,000  ‐ ‐

‐

Housing Maintenance ‐ Atlantic City

Housing Sumr Refurb, Paint, Maint. ‐$   5,000$   5,000$   ‐$   ‐$  

Grounds Equip. & Material Handling 35,000  35,000  ‐ ‐

Athletic Equip & Facility Flooring ‐ ‐ ‐ ‐

Information Technology Services ‐ Atlantic City

Yr 1 IT Cap Costs IT/AV Infrastruct ‐$   ‐$   ‐$   ‐$   ‐$  

‐

Campus Police ‐ Atlantic City ‐

Patrol/Security Transportation ‐$   25,000$   ‐$   ‐$   25,000$  

Automated External Defibrillators 2,400  ‐ ‐ 2,400 

Radio Console & Portables 25,958  ‐ ‐ 25,958 

Technology Hardware & Software ‐ ‐ ‐ ‐

Logging Recorder System 16,325  ‐ ‐ 16,325 

Safety/Security Firearms 5,200 ‐ ‐ 5,200 

Total Internal Capital Projects ‐ Atlantic City ‐$   450,127$                 199,150$                 101,938$                 149,039$                

Total Internal Capital Projects 3,457,867$              7,017,391$              3,342,312$              1,617,722$              5,515,224$             

Atlantic City

4

Fund Description

FY18 Carryforward  FY19 Budget   FY19 Expenses   FY19 Encumbrances  FY19 Available 

Budget 

External Capital Projects

Funded by 2016A

Anatomy & Physiology Lab 166,136$   ‐$   145,622$   20,514$   ‐$  

Unified Science Building Expansion ¹ ‐  34,956 (409,522) 221,088  223,390 

Additional Classroom 438,136  34,955 45,910 383,471  43,710

Back Fill 2016A 572,159  ‐  ‐  ‐  572,159 

Backfill 614,183  3,000 534,931  4,703 77,549

Total 2016A Funding 1,790,614$   72,911$   316,941$ 629,776$ 916,808$

Ullman Family Holocaust Room ‐ Fdntn 45,000$   243,300$ 23,000$   27,000$   238,300$

Total External Capital Projects 1,835,614$   316,211$ 339,941$ 656,776$ 1,155,108$  

Other Funding

AC Information Technology

AC Academic Info Tech 482,919$   ‐$   290,303$   ‐$   192,616$  

AC HSG & Garage Info Tech 166,646  ‐  93,642 ‐  73,004

Total AC Information Technology 649,565$ ‐$   383,945$ ‐$   265,620$

AC Academic Building 2,395,928$   ‐$   3,647,573$   ‐$   (1,251,645)$                  

Total Other Funding 3,045,493$   ‐$   4,031,518$   ‐$   (986,025)$  

Total External Projects & Other Funding 4,881,107$   316,211$ 4,371,459$   656,776$ 169,083$

1  ($409,522) expense is for accrued retainage for contracted services.

Galloway

External Capital Projects and Other Funding Summaryas of January 31, 2019

Atlantic City

5

Original FY19 FY19 FY19 FY19

State Grants Projects Budget Budget Expenses Encumbrances Available Budget

HETI‐Education Technology Infrastructure 775,000$              ‐$                           ‐$                        ‐$                        ‐$                                

ELF‐Education Technology Project 1,195,000             ‐                         ‐                      ‐                      ‐                             

ELF‐Science Equipment Grant 6,400,000             32,071                  8,017                  24,054               ‐                             

GO‐Science Building Addition 21,465,000          20,246                  19,758                484                     4                                 

GO‐Additional Classroom Building 13,522,950          257,434                151,626             105,808             ‐                             

CIF‐Carnegie Chiller Replacement 300,000                ‐                         ‐                      ‐                      ‐                             

CIF‐Utility Plant Infrastructure 3,100,000             448,407                18,881                11,055               418,471                    

CIF‐Modernization HVAC Equipment 3,000,000             ‐                         ‐                      ‐                      ‐                             

CIF‐A&S Reno‐Exterior Repair 2,100,000             ‐                         ‐                      ‐                      ‐                             

CIF‐A&S Reno‐Modern of Utilities 2,100,000             15,360                  15,360                ‐                      ‐                             

CIF ‐ 144‐02 Academic AC 14,667,400          ‐                         ‐                      ‐                      ‐                             

Total State Grant Projects 68,625,350$        773,518$              213,642$           141,401$           418,475$                  

State Grant Projects ‐ University Match

HETI‐Education Technology Match 775,000$              ‐$                           ‐$                        ‐$                        ‐$                                

ELF‐Education Technology Match ‐                         ‐                         ‐                      ‐                      ‐                             

ELF‐Science Equipment Match ‐                         10,690                  2,672                  8,018                  ‐                             

GO‐Science Building Addition Match 7,155,000             6,749                    6,586                  161                     2                                 

GO‐Additional Classroom Building Match 4,507,650             85,811                  50,542                35,269               ‐                             

CIF‐Carnegie Chiller Replacement Match ‐                         ‐                         ‐                      ‐                      ‐                             

CIF‐Utility Plant Infrastructure Match ‐                         220,857                9,299                  5,445                  206,113                    

CIF‐Modernization HVAC Equipment Match ‐                         ‐                         ‐                      ‐                      ‐                             

CIF‐A&S Exterior Repair Match ‐                         ‐                         ‐                      ‐                      ‐                             

CIF‐A&S Modern of Utilities Match ‐                         7,565                    7,565                  ‐                      ‐                             

CIF ‐ 144‐02 Academic AC MATCH 7,332,600             ‐                         ‐                      ‐                      ‐                             

Total State Grant Projects ‐ University Match 19,770,250$        331,672$              76,664$             48,893$             206,115$                  

Total Capital Grants and Match 88,395,600$        1,105,190$          290,306$           190,294$           624,590$                  *Budget and Expenses as they appear in Banner Chart 1 (does not include reimbursements).

Capital Grants Summary 

as of January 31, 2019

6