Montana Tech Revenue Projections
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Revenue Projections |
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At present, the following represents Montana Tech's projection of net revenues for the current FY2000/FY2001 biennium. FY2001 tuition estimate based on 2029 FTE.
Revenues Net of Fee Waivers: |
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FY 2000 |
FY 2001 |
Difference |
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General Fund & Millage (Fy2001 is estimate from CHE) Tuition Admissions & Late Fees Interest Earnings Miscellaneous |
9,197,736
4,802,200 60,850 69,274 36,009 |
9,432,044
5,077,077 62,167 69,274 36,009 |
234,308
274,877 1,317 0 0 |
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Sub-total |
14,166,069 |
14,676,571 |
510,502 |
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General Fund Carryback |
277,034 |
(277,034) |
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Total |
14,443,103 |
14,399,537 |
(43,566) |
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Additional Obligations in FY2001 - |
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FY2000 Budgeted Expenditures |
14,443,103 |
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Additions - Annualize Faculty Raises Annualize Professional Raises Annualize Classified Raises Classified Raises FY2001 Faculty Raises FY2001 Professional Raises FY2001 Increase Insurance ($15/month) Utilities Inflation Audit Cost Credit ORP Costs (TRS Unfunded Liability Inc.) MT Prime/Banner Costs Credit Card Fees |
21,400 10,800 20,500 62,260 172,143 44,170 42,000 33,418 (58,680) 7,500 20,000 5,000 |
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Total |
380,511 |
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Total Estimated FY2001 Costs |
14,823,614 |
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Projected FY2001 Net Revenues Shortfall |
14,399,537 (424,077) |
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Other Proposed Program Enhancements & Budget Adjustments for FY2001 |
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GTA Increase Restore FY99 Budget Cuts New Faculty Positions (2) (Nursing/Software Eng.) Funding of Term Pay - Designated Banner Staff - Report Generation/Access Trainer Capital Equipment - COT |
14,000 258,266 100,000 50,000 30,000 40,000 |
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Total |
492,266 |
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Possible Net Shortfall |
(916,343) |
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