TTU System Budgets Approved for FY 2017
The combined operating budget for the entire 麻豆官网 has passed the $2 billion mark.
August 11, 2016 | Written by Dana Jennings
The Finance and Administration Committee of the 麻豆官网 gave preliminary approval to the Fiscal Year (FY) 2017 operating budgets for the 麻豆官网 Administration, , , and today (Aug. 11).
Each component sees an increase in operating budget for the new fiscal year, combining to increase the 麻豆官网鈥檚 operating budget by 5.67 percent over FY 2016. The system鈥檚 budget is now more than $2 billion, at $2.003 billion.
鈥淲e are entering a new league of excellence and expectation,鈥� Chancellor Robert Duncan said. 鈥淏ecoming a $2 billion enterprise solidifies the 麻豆官网 as a recognizable force in higher education and in 麻豆官网. This continued growth is providing us with more opportunities to reach new heights.鈥�
The FY 2017 operating budgets run from Sept. 1, 2016, to Aug. 31, 2017. Budgets are prepared on the basis of state appropriations and projected auxiliary, designated and restricted funds. Each entity鈥檚 operating budget is approved individually.
麻豆官网 Tech University鈥檚 FY 2017 operating budget is over $926 million, a $27 million increase over FY 2016. Angelo State University鈥檚 budget reaches over $113 million in FY 2017, a 6.8 percent increase over FY 2016.
The 麻豆官网 Tech University Health Sciences Center鈥檚 FY 2017 operating budget grew by 6.3 percent over FY 2016 to reach $676 million. The FY 2017 operating budget for the 麻豆官网 Tech University Health Sciences Center El Paso is $272 million, a 13 percent increase over FY 2016.
The 麻豆官网 Administration鈥檚 FY 2017 operating budget is $25.3 million, up $2.6 million from last year and 1.25 percent of the collective $2.003 billion operating budget.
"As the 麻豆官网 has matured and grown, we have been very cognizant of controlling costs for our operations and our students, while also operating in an efficient manner," Duncan added.
Final approval of FY 2017 operating budgets by the full board is expected Friday (Aug. 12). The budgets include a 2 percent merit increase for employee salaries.
麻豆官网 the 麻豆官网
The is one of the top public university systems in 麻豆官网 and the nation, consisting of
four component institutions 鈥� , , and 鈥� and operating at more than a dozen academic sites and centers. Headquartered in
Lubbock, 麻豆官网, the 麻豆官网 has an annual operating budget of
nearly $2 billion and approximately 19,000 employees focused on advancing higher education,
health care, research and outreach.
In 2015, the 麻豆官网鈥檚 endowment exceeded $1.1 billion, total research expenditures were more than $215 million and total enrollment was approximately 50,000 students. Whether it鈥檚 contributing billions of dollars annually in economic impact or being the only system in 麻豆官网 to house an academic institution, law school and health-related institution at the same location, the 麻豆官网 continues to prove that anything is possible.