College of Business

Budget Detail

Expense Type Budget Category 2015-16 Initial Budget
(A)		 2015-16 Revised Budget
(B)		 2015-16 Actuals
(C)		 2016-17 Initial Budget
(D)		 2015-16 Revised Budget to 2015-16 Actuals Variance
(B-C)		 2016-17 Initial Budget to 2015-16 Actuals Variance
(D-C)
Revenues              
  General Fund Allocation - - - - - -
  Reimbursed Release Time - NR101 - - - - - -
  Indirect Cost Recovery - Overhead Distribution - - - - - -
Total Revenue Allocation   - - - - - -
               
Expenditures              
  Salaries 14,922,021 14,429,917 14,955,082 15,224,056 -525,165 268,975
  Reimbursed Release Time - - 6,985 - -6,985 -6,985
  Total Salaries and Reimbursed Release Time 14,922,021 14,429,917 14,962,067 15,224,056 -532,149 261,990
               
  Operating Expenses - 1,301,510 26,076 452,738 1,275,434 426,662
Total Expenditures (not including Benefits)   14,922,021 15,731,427 14,988,143 15,676,794 743,285 688,652
               
  Benefits* - 6,273,650 6,273,553 6,618,915 97 345,362
Total Expenditures and Benefits:   14,922,021 22,005,078 21,261,696 22,295,710 743,381 1,034,014
               
Results of Operations              
  Transfers To - - - - - -
  Transfers From - - - - - -
  Total Funding Transfers To/(From) - - - - - -
               
Total Expenses and Funding Transfers   14,922,021 22,005,078 21,261,696 22,295,710 743,381 1,034,014

*Benefits are budgeted centrally and then allocated throughout the year. The benefit amount reflected in the 16-17 Budget Column is a projected figure.

By Account Descriptions

Account Types 2015-16 Revised Budget
(B)		 2015-16 Actuals
(C)		 2016-17 Initial Budget
(D)		 2015-16 Revised Budget to 2015-16 Actuals Variance
(B-C)		 2016-17 Initial Budget to 2015-16 Actuals Variance
(D-C)		 Open PO's Open REQ's
MPP Salaries 458,364 502,937 552,504 (44,573) 49,567    
Department Chair 616,022 600,859 603,828 15,163 2,969    
T/TT Faculty Salaries 9,913,537 9,513,616 9,485,135 399,921 (28,481)    
Lecture Pool 1,332,903 2,131,492 2,059,876 (798,589) (71,616)    
Summer Session 901,245 901,246 1,071,607 (1) 170,361    
Staff Salaries 1,494,010 1,476,379 1,338,608 17,630 (137,771)    
Operating Expenses 804,574 384,323 452,738 420,251 68,415 99,440  
College of Business GF Total 15,520,654 15,510,852 15,564,296 9,802 53,444 99,440  
Other Source (CF, CEL, Ucorp) 158,773 (570,227) 106,817 729,000 (106,817) -  
One Time     5,681 - (5,681) -  
College of Business Total 15,679,427 14,940,625 15,676,794 (2,633) 736,169 99,440  

2015‐16 Budget Initial Budget is not reflected due to changes in the budget structure.