Arkansas Public Higher Education Operating Recommendations
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ARKANSAS PUBLIC HIGHER EDUCATION OPERATING RECOMMENDATIONS 2020-21 FISCAL YEAR
OVERVIEW, UNIVERSITIES AND COLLEGES
TABLE OF CONTENTS
Institutional Abbreviations ...... 1 Recommendations for Educational and General Operations Background ...... 3 Table A: Summary of AHECB Recommendations ...... 5 Productivity Index ...... 6 Table B: Universities ...... 7 Table C: Colleges ...... 8 Table D: Non-Formula Entities ...... 9 Definitions of Expenditure Categories ...... 11 Table 1: Full-time Equivalent Enrollment for 2019-20 ...... 15 Table 2: 2019-20 Full-Time Annualized Fall Tuition and Mandatory Fees ...... 17
UNIVERSITIES: Arkansas State University - Institution Appropriation Summary ...... 25 Arkansas Tech University - Institution Appropriation Summary ...... 35 Henderson State University - Institution Appropriation Summary ...... 43 Southern Arkansas University-Magnolia - Institution Appropriation Summary ...... 53 University of Arkansas System - Institution Appropriation Summary ...... 63 University of Arkansas-Fayetteville - Institution Appropriation Summary ...... 81 U of A – Arkansas School for Mathematics, Sciences and the Arts - Institution Appropriation Summary ...... 103 University of Arkansas at Fort Smith - Institution Appropriation Summary ...... 111 University of Arkansas at Little Rock - Institution Appropriation Summary ...... 119 University of Arkansas at Monticello - Institution Appropriation Summary ...... 129 University of Arkansas for Medical Sciences - Institution Appropriation Summary ...... 143 University of Arkansas at Pine Bluff - Institution Appropriation Summary ...... 173 University of Central Arkansas - Institution Appropriation Summary ...... 181
COLLEGES: Arkansas Northeastern College - Institution Appropriation Summary...... 191 Arkansas State University - Beebe - Institution Appropriation Summary ...... 199 Arkansas State University - Mountain Home - Institution Appropriation Summary ...... 207 Arkansas State University - Mid-South - Institution Appropriation Summary ...... 215 Arkansas State University - Newport - Institution Appropriation Summary ...... 225 Black River Technical College - Institution Appropriation Summary ...... 233 Cossatot Community College of the University of Arkansas - Institution Appropriation Summary ...... 241 College of the Ouachitas - Institution Appropriation Summary ...... 249 East Arkansas Community College - Institution Appropriation Summary ...... 257 North Arkansas College - Institution Appropriation Summary ...... 271 National Park College - Institution Appropriation Summary ...... 279 Northwest Arkansas Community College - Institution Appropriation Summary ...... 287 Ozarka College - Institution Appropriation Summary ...... 297 Phillips Community College of the University of Arkansas - Institution Appropriation Summary ...... 305 South Arkansas Community College - Institution Appropriation Summary ...... 317 Southern Arkansas University-Tech - Institution Appropriation Summary ...... 327 Arkansas Environmental Training Academy - Institution Appropriation Summary ...... 333 Arkansas Fire Training Academy - Institution Appropriation Summary ...... 341 Southeast Arkansas College - Institution Appropriation Summary ...... 349 University of Arkansas Community College at Batesville - Institution Appropriation Summary ...... 357 University of Arkansas Community College at Hope-Texarkana - Institution Appropriation Summary ...... 365 University of Arkansas Community College at Morrilton - Institution Appropriation Summary ...... 373 University of Arkansas Community College at Rich Mountain - Institution Appropriation Summary ...... 381 University of Arkansas - Pulaski Technical College - Institution Appropriation Summary ...... 389
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Ϯϯ͕ϲϱϱ ϭ͕ϬϱϮ ϰ͘ϲϲй ϰzZ^h ϰϭϲ͕ϱϯϬ͕ϲϮϬ ϯ͕Ϭϴϵ͕Ϯϰϲ ϰϭϯ͕ϰϰϭ͕ϯϳϰ ϭϵϬ͕ϵϬϱ ϭϵϳ͕ϵϳϰ ϳ͕ϬϳϬ ϯ͘ϳϬй E Ψϴ͕ϰϵϭ͕Ϯϴϭ ΨͲ Ψϴ͕ϰϵϭ͕Ϯϴϭ Ϯ͕ϳϳϳ Ϯ͕ϴϲϰ ϴϳ ϯ͘ϭϯй ^h Ψϭϭ͕ϵϮϵ͕ϳϴϲ ΨͲ Ψϭϭ͕ϵϮϵ͕ϳϴϲ ϭϬ͕ϯϯϵ ϭϬ͕Ϭϭϱ ;ϯϮϰͿ Ͳϯ͘ϭϯй ^hD, Ψϯ͕ϴϰϬ͕ϴϮϲ ΨϭϬϬ͕ϵϲϱ Ψϯ͕ϳϯϵ͕ϴϲϬ ϯ͕ϲϭϭ ϯ͕ϱϭϵ ;ϵϮͿ ͲϮ͘ϱϱй ^hD^ Ψϯ͕ϵϰϱ͕ϱϬϬ ΨͲ Ψϯ͕ϵϰϱ͕ϱϬϬ Ϯ͕ϳϮϭ Ϯ͕ϳϲϭ ϰϭ ϭ͘ϰϵй ^hE Ψϲ͕ϵϳϯ͕ϲϮϮ ΨϴϯϬ͕ϲϮϯ Ψϲ͕ϭϰϮ͕ϵϵϵ ϱ͕Ϭϰϳ ϱ͕ϯϮϮ Ϯϳϰ ϱ͘ϰϰй Zd Ψϲ͕ϬϱϮ͕ϯϴϭ ΨͲ Ψϲ͕ϬϱϮ͕ϯϴϭ ϰ͕Ϭϴϲ ϯ͕ϲϵϬ ;ϯϵϲͿ Ͳϵ͘ϳϬй h Ψϯ͕ϲϭϮ͕ϲϬϮ Ψϭϯϭ͕ϯϵϲ Ψϯ͕ϰϴϭ͕ϮϬϲ ϯ͕ϭϱϴ ϯ͕ϭϱϰ ;ϱͿ ͲϬ͘ϭϱй KdK Ψϯ͕ϱϮϯ͕ϳϯϯ ΨͲ Ψϯ͕ϱϮϯ͕ϳϯϯ ϯ͕Ϭϴϭ ϯ͕Ϭϭϭ ;ϳϬͿ ͲϮ͘Ϯϲй Ψϴ͕ϯϰϴ͕ϭϯϰ ΨͲ Ψϴ͕ϯϰϴ͕ϭϯϰ Ϯ͕Ϭϳϰ Ϯ͕Ϭϰϴ ;ϮϲͿ Ͳϭ͘Ϯϰй E Ψϳ͕ϵϮϱ͕ϵϲϴ ΨͲ Ψϳ͕ϵϮϱ͕ϵϲϴ ϰ͕ϭϲϭ ϯ͕ϵϭϵ ;ϮϰϮͿ Ͳϱ͘ϴϮй EW Ψϴ͕ϵϱϲ͕ϬϮϰ ΨͲ Ψϴ͕ϵϱϲ͕ϬϮϰ ϰ͕ϴϵϱ ϰ͕ϲϲϲ ;ϮϯϬͿ Ͳϰ͘ϲϵй Et Ψϭϭ͕ϰϬϲ͕Ϯϱϴ ΨϲϮϳ͕ϳϲϴ ΨϭϬ͕ϳϳϴ͕ϰϵϬ ϭϭ͕ϵϲϲ ϭϮ͕ϱϱϬ ϱϴϰ ϰ͘ϴϴй K Ψϯ͕Ϭϵϱ͕ϮϭϬ ΨͲ Ψϯ͕Ϭϵϱ͕ϮϭϬ Ϯ͕ϳϴϲ Ϯ͕ϲϱϮ ;ϭϯϱͿ Ͳϰ͘ϴϯй Wh Ψϴ͕ϵϳϮ͕ϰϱϳ ΨͲ Ψϴ͕ϵϳϮ͕ϰϱϳ Ϯ͕ϯϳϰ Ϯ͕ϯϴϭ ϳ Ϭ͘Ϯϵй ^ Ψϲ͕ϮϱϮ͕ϳϵϭ ΨϭϮϳ͕ϵϲϵ Ψϲ͕ϭϮϰ͕ϴϮϮ ϯ͕ϯϳϴ ϯ͕ϮϲϮ ;ϭϭϳͿ Ͳϯ͘ϰϱй ^hd Ψϱ͕ϲϰϴ͕ϰϱϲ ΨͲ Ψϱ͕ϲϰϴ͕ϰϱϲ ϯ͕ϲϭϳ ϯ͕ϱϲϳ ;ϱϬͿ Ͳϭ͘ϯϳй ^ Ψϱ͕ϱϴϬ͕ϰϯϬ ΨͲ Ψϱ͕ϱϴϬ͕ϰϯϬ ϯ͕ϯϮϴ ϯ͕ϭϮϴ ;ϮϬϬͿ Ͳϲ͘ϬϬй h 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7DEOH1$QQXDO)XOO7LPH(TXLYDOHQW(QUROOPHQW )7( IRU)< )RXU $68- $1& 1:$&& $78 $68% 2=& +68 $680+ 3&&8$ 6$80 $6806 6$&& 8$) $681 6$87 8$)6 %57& 6($& 8$/5 &&&8$ 8$&&% 8$0 &R72 8$&&+7 8$3% ($&& 8$&&0 8&$ 1$& 8$&&50 13& 8$37& 6XEWRWDO *UDQG7RWDO 15 7+,63$*(,17(17,21$//</()7%/$1. 16 7$%/(2 )XOOWLPH$QQXDOL]HG)DOO7XLWLRQDQG0DQGDWRU\)HHV 7:2<($5,167,787,215(6,'(17 $'+((67,0$7( 2) 65(% ,167,787,21 0(',$178,7,21 $118$/ $118$/ 78,7,21 )((6 78,7,21 )((6 )((6 /2&$/7$;(6 ,1',675,&7 $1& 1$ $6806 1$ &&&8$ 1$ ($&& 1$ 1$& 1$ 13& 1$ 1:$&& 1$ 3&&8$ 1$ 6$&& 1$ 8$&&% 1$ 8$&&+7 1$ 8$&&0 1$ 8$&&50 1$ 0(',$1$118$/ 1$ /2&$/7$;(6 2872)',675,&7,167$7( $1& $6806 &&&8$ ($&& 1$& 13& 1:$&& 3&&8$ 6$&& 8$&&% 8$&&+7 8$&&0 8$&&50 0(',$1$118$/ 12/2&$/7$;(6 ,167$7( $68% $680+ $681 %57& &272 2=& 6$87 6($& 8$37& 0(',$1$118$/ )XOOWLPHXQGHUJUDGXDWHLVGHILQHGDVFUHGLWKRXUVSHU\HDUSHU65(%JXLGHOLQHV 17 7$%/(2 )XOOWLPH$QQXDOL]HG)DOO7XLWLRQDQG0DQGDWRU\)HHV 7:2<($5,167,787,211215(6,'(17 $'+((67,0$7( 2) 65(% ,167,787,21 0(',$178,7,21 $118$/ $118$/ 78,7,21 )((6 78,7,21 )((6 )((6 /2&$/7$;(6 $1& $6806 &&&8$ ($&& 1$& 13& 1:$&& 3&&8$ 6$&& 8$&&% 8$&&+7 8$&&0 8$&&50 0(',$1$118$/ 12/2&$/7$;(6 $68% $680+ $681 %57& &272 2=& 6$87 6($& 8$37& 0(',$1$118$/ )XOOWLPHXQGHUJUDGXDWHLVGHILQHGDVFUHGLWKRXUVSHU\HDUSHU65(%JXLGHOLQHV 18 7$%/(2 )XOOWLPH$QQXDOL]HG)DOO7XLWLRQDQG0DQGDWRU\)HHV )285<($5,167,787,2181'(5*5$'8$7(5(6,'(17 $'+((67,0$7( 2) 65(% ,167,787,21 0(',$178,7,21 $118$/ $118$/ 78,7,21 )((6 78,7,21 )((6 )((6 8$) /(9(/*52830(',$1 8$/5 /(9(/*52830(',$1 $68- $78 8&$ /(9(/*52830(',$1 +68 6$80 /(9(/*52830(',$1 8$0 /(9(/*52830(',$1 8$)6 8$3% /(9(/*52830(',$1 )285<($5,167,787,2181'(5*5$'8$7(1215(6,'(17 $'+((67,0$7( 2) 65(% ,167,787,21 0(',$178,7,21 $118$/ $118$/ 78,7,21 )((6 78,7,21 )((6 )((6 8$) /(9(/*52830(',$1 8$/5 /(9(/*52830(',$1 $68- $78 8&$ /(9(/*52830(',$1 +68 6$80 /(9(/*52830(',$1 8$0 /(9(/*52830(',$1 8$)6 8$3% /(9(/*52830(',$1 )XOOWLPHXQGHUJUDGXDWHLVGHILQHGDVFUHGLWKRXUVSHU\HDUSHU65(%JXLGHOLQHV 19 7$%/(2 )XOOWLPH$QQXDOL]HG)DOO7XLWLRQDQG0DQGDWRU\)HHV )285<($5,167,787,21*5$'8$7(5(6,'(17 $'+((67,0$7( 2) 65(% ,167,787,21 0(',$178,7,21 $118$/ $118$/ 78,7,21 )((6 78,7,21 )((6 )((6 8$) /(9(/*52830(',$1 8$/5 /(9(/*52830(',$1 $68- $78 8&$ /(9(/*52830(',$1 +68 6$80 /(9(/*52830(',$1 8$0 /(9(/*52830(',$1 8$)6 8$3% /(9(/*52830(',$1 )285<($5,167,787,21*5$'8$7(1215(6,'(17 $'+((67,0$7( 2) 65(% ,167,787,21 0(',$178,7,21 $118$/ $118$/ 78,7,21 )((6 78,7,21 )((6 )((6 8$) /(9(/*52830(',$1 8$/5 /(9(/*52830(',$1 $68- $78 8&$ /(9(/*52830(',$1 +68 6$80 /(9(/*52830(',$1 8$0 /(9(/*52830(',$1 8$)6 8$3% /(9(/*52830(',$1 20 7$%/(2 )XOOWLPH$QQXDOL]HG)DOO7XLWLRQDQG0DQGDWRU\)HHV 352)(66,21$/81'(5*5$'8$7( $'+((67,0$7( 2) 65(% ,167,787,21 0(',$178,7,21 $118$/ $118$/ 78,7,21 )((6 78,7,21 )((6 )((6 5(6,'(17 8$06+53 1$ 8$061856,1* 1$ 1215(6,'(17 8$06+53 1$ 8$061856,1* 1$ 'HILQLWLRQRIIXOOWLPHIRUSXUSRVHVRIWXLWLRQFDOFXODWLRQLVFUHGLWKRXUVIRUDVWXGHQWHQUROOHG LQ8$06 VXQGHUJUDGXDWHQXUVLQJSURJUDP 352)(66,21$/*5$'8$7( $'+((67,0$7( 2) 65(% ,167,787,21 0(',$178,7,21 $118$/ $118$/ 78,7,21 )((6 78,7,21 )((6 )((6 5(6,'(17 8$)/$: 8$/5/$: 8$060(',&,1( 8$063+$50$&< 8$06*5$'8$7( 1$ 1215(6,'(17 8$)/$: 8$/5/$: 8$060(',&,1( 8$063+$50$&< 8$06*5$'8$7( 1$ 21 7+,63$*(,17(17,21$//</()7%/$1. 22 81,9(56,7,(6 23 7+,63$*(,17(17,21$//</()7%/$1. 24 INSTITUTION APPROPRIATION SUMMARY 2020-2021 INSTITUTION ARKANSAS STATE UNIVERSITY - JONESBORO HISTORICAL DATA INSTITUTION REQUEST & AHECB RECOMMENDATION 2018-2019 2019-2020 2019-2020 2020-2021 APPROPRIATION ACTUAL POS BUDGETED POS AUTHORIZED POS INST REQUEST POS AHECB REC POS 1 STATE TREASURY 66,076,047 65,864,735 69,065,733 70,089,881 70,089,881 2 CASH 141,169,576 213,825,000 213,825,000 237,174,683 237,174,683 3 ARKANSAS BIOSCIENCES INSTITUTE 3,422,406 3,312,423 5,643,838 5,643,838 5,643,838 4 5 6 7 8 9 10 11 TOTAL $210,668,029 2,047 $283,002,158 2,090 $288,534,571 2,244 $312,908,402 2,233 $312,908,402 2,230 FUNDING SOURCES % % % % 12 PRIOR YEAR FUND BALANCE* 0 0% 0 0% 0 0% 0 0% 13 GENERAL REVENUE 59,090,991 28% 58,876,246 21% 61,826,184 20% 61,826,184 20% 14 EDUCATIONAL EXCELLENCE TRUST FUND 6,853,744 3% 6,988,489 2% 6,988,489 2% 6,988,489 2% 15 WORKFORCE 2000 0 0% 0 0% 0 0% 0 0% 16 CASH FUNDS 128,213,477 61% 198,825,000 70% 198,825,000 64% 198,825,000 64% 17 SPECIAL REVENUES 0% 0% 0% 0 0% 18 FEDERAL FUNDS 12,956,099 6% 15,000,000 5% 38,349,683 12% 38,349,683 12% 19 TOBACCO SETTLEMENT FUNDS 3,422,406 2% 3,312,423 1% 5,643,838 2% 5,643,838 2% 20 OTHER FUNDS 131,312 0% 0 0% 0 0% 0 0% 21 TOTAL INCOME $210,668,029 100% $283,002,158 100% $311,633,194 100% $311,633,194 100% 22 EXCESS (FUNDING)/APPROPRIATION $0 $0 $1,275,208 $1,275,208 UNRESTRICTED EDUCATIONAL & GENERAL FUND BALANCE AS OF JUNE 30, 2019: $24,387,505 LESS RESERVES FOR: ACCOUNTS RECEIVABLE $5,412,019 INVENTORIES $1,907,348 YEAR-END ENCUMBRANCES NOT YET RECORDED AS LIABILITIES INSURANCE DEDUCTIBLES $100,000 MAJOR CRITICAL SYSTEMS FAILURES 60 DAYS OF SALARIES & BENEFITS (CASH FLOW PURPOSES) $14,564,757 RESERVE FOR SPECIFIC ITEM (SOFTWARE, EQUIPMENT, ETC.) OTHER (FOOTNOTE BELOW) UNRESERVED EDUCATIONAL & GENERAL FUND BALANCE $2,403,381 *Line 12 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. 25 SUMMARY OF UNRESTRICTED EDUCATIONAL AND GENERAL CURRENT FUND EXPENDITURES AND INCOME AND AHECB GENERAL REVENUE RECOMMENDATIONS FOR THE 2020-2021 Fiscal Year (Non-Formula Entities) ARKANSAS STATE UNIVERISTY - SYSTEM NAME OF INSTITUTION 2020-2021 FISCAL YEAR INSTITUTIONAL REQUESTS / AHECB RECOMMENDATIONS EXPENDITURE 2018-2019 2019-2020 2020-2021 CATEGORIES ACTUAL BUDGETED* REQUEST RECOMMENDATION 1 REGULAR SALARIES 2,185,405 2,324,105 2,370,587 2,370,587 2 PERSONAL SERVICES MATCHING 524,162 657,684 670,838 670,838 3 EXTRA HELP WAGES 23,066 15,000 15,000 15,000 4 OPERATING EXPENSES 323,744 422,730 439,072 439,072 5 TRAVEL 59,500 59,500 59,500 6 7 8 9 10 11 12 13 MANDATORY TRANSFERS 14 AUXILIARY TRANSFERS 15 NON-MANDATORY TRANSFERS 16 TOTAL UNREST. E&G EXP. $3,056,377 $3,479,019 $3,554,997 $3,554,997 17 NET LOCAL INCOME 533,374 910,336 943,020 943,020 18 PRIOR YEAR BALANCE** STATE FUNDS: 19 GENERAL REVENUE* 2,362,680 2,405,208 2,448,502 2,448,502 20 EDUCATIONAL EXCELLENCE* 160,323 163,475 163,475 163,475 21 WORKFORCE 2000* 22 TOBACCO SETTLEMENT FUNDS OTHER STATE TREASURY FUNDS 23 (FOOTNOTE BELOW)*** 24 TOTAL SOURCES OF INCOME $3,056,377 $3,479,019 $3,554,997 $3,554,997 * The amounts for Revenue Stabilization Act, Educational Excellence Trust Fund, and Workforce 2000 are based on the DF&A forecast. FORM FR-2 Nonformula ** Line 18 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** Funds received for operating purposes from state appropriations other than RSA, EETF, and WF2000 (e.g. General Improvement) should be reported on Line 23 "Other State Funds" and identified in a footnote. 26 SUMMARY OF UNRESTRICTED EDUCATIONAL AND GENERAL CURRENT FUND EXPENDITURES AND INCOME AND AHECB GENERAL REVENUE RECOMMENDATIONS FOR THE 2020-2021 Fiscal Year (Non-Formula Entities) ARKANSAS STATE UNIVERSITY - HERITAGE SITES NAME OF INSTITUTION 2020-2021 FISCAL YEAR INSTITUTIONAL REQUESTS / AHECB RECOMMENDATIONS EXPENDITURE 2018-2019 2019-2020 2020-2021 CATEGORIES ACTUAL BUDGETED* REQUEST RECOMMENDATION 1 REGULAR SALARIES 559,177 558,731 1,119,807 1,119,807 2 PERSONAL SERVICES MATCHING 170,173 179,722 315,609 315,609 3 EXTRA HELP WAGES 39,169 16,000 53,006 53,006 4 OPERATING EXPENSES 210,184 132,755 953,871 953,871 5 6 7 8 9 10 11 12 13 MANDATORY TRANSFERS 14 AUXILIARY TRANSFERS 15 NON-MANDATORY TRANSFERS 16 TOTAL UNREST. E&G EXP. $978,703 $887,208 $2,442,293 $2,442,293 17 NET LOCAL INCOME 628,703 530,908 18 PRIOR YEAR BALANCE** STATE FUNDS: 19 GENERAL REVENUE* 350,000 356,300 2,442,293 2,442,293 20 EDUCATIONAL EXCELLENCE* 21 WORKFORCE 2000* 22 TOBACCO SETTLEMENT FUNDS OTHER STATE TREASURY FUNDS 23 (FOOTNOTE BELOW)*** 24 TOTAL SOURCES OF INCOME $978,703 $887,208 $2,442,293 $2,442,293 * The amounts for Revenue Stabilization Act, Educational Excellence Trust Fund, and Workforce 2000 are based on the DF&A forecast. FORM FR-2 Nonformula ** Line 18 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** Funds received for operating purposes from state appropriations other than RSA, EETF, and WF2000 (e.g. General Improvement) should be reported on Line 23 "Other State Funds" and identified in a footnote. 27 APPROPRIATION ACT FORM - STATE TREASURY 2020-2021 FISCAL YEAR FUND CKA0000 INSTITUTION ARKANSAS STATE UNIVERSITY - JONESBORO APPROPRIATION 299 AUTHORIZED INSTITUTIONAL REQUEST / ACTUAL BUDGETED APPROPRIATION AHECB RECOMMENDATION LEGISLATIVE RECOMMENDATION D E S C R I P T I O N 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 1 REGULAR SALARIES 50,151,667 50,006,436 51,816,000 51,567,641 51,816,000 2 EXTRA HELP WAGES 53,006 3 OVERTIME 4 PERSONAL SERVICES MATCHING 8,024,267 8,055,524 8,342,376 8,352,521 8,342,376 5 OPERATING EXPENSES 7,379,161 7,302,775 7,507,357 8,716,713 7,507,357 6 CONFERENCE FEES & TRAVEL 00 0 0 7 PROFESSIONAL FEES AND SERVICES 8 CAPITAL OUTLAY 0 0 400,000 400,000 400,000 9 FUNDED DEPRECIATION 500,000 500,000 1,000,000 1,000,000 1,000,000 10 WORKER'S COMP/SURETY PREMIUM 20,952 11 12 13 TOTAL APPROPRIATION $66,076,047 $65,864,735 $69,065,733 $70,089,881 $69,065,733 14 PRIOR YEAR FUND BALANCE** 15 GENERAL REVENUE 59,090,991 58,876,246 61,826,184 61,826,184 16 EDUCATIONAL EXCELLENCE TRUST FUND 6,853,744 6,988,489 6,988,489 6,988,489 17 SPECIAL REVENUES * [WF2000] 18 FEDERAL FUNDS IN STATE TREASURY 19 TOBACCO SETTLEMENT FUNDS OTHER STATE TREASURY FUNDS (FOOTNOTE 20 BELOW)*** 131,312 21 TOTAL INCOME $66,076,047 $65,864,735 $68,814,673 $68,814,673 22 EXCESS (FUNDING)/APPROPRIATION $0 $0 $1,275,208 $251,060 * Report WF2000 funds on line 17 - "Special Revenues". FORM FR-3 **Line 14 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** Funds received for operating purposes from state appropriations other than RSA, EETF, and WF2000 (e.g. General Improvement) should be reported on Line 20 "Other State Treasury Funds" and identified in a footnote. NOTE: Line 20 - Tuition Adjustment Fund Allocation Request/Recommendation for General Revenue: 2020-2021 (1) ASU-Jonesboro 65,035,611 (2) ASU-System Office 2,611,977 (3) ASU Heritage Sites 2,442,293 Total $ 70,089,881 28 APPROPRIATION ACT FORM - STATE TREASURY 2020-2021 FISCAL YEAR FUND TSF0100 INSTITUTION ARKANSAS STATE UNIVERSITY - JONESBORO APPROPRIATION 318 ARKANSAS BIOSCIENCES INSTITUTE AUTHORIZED INSTITUTIONAL REQUEST / ACTUAL BUDGETED APPROPRIATION AHECB RECOMMENDATION LEGISLATIVE RECOMMENDATION D E S C R I P T I O N 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 1 REGULAR SALARIES 1,140,148 1,245,186 2,149,024 2,149,024 2,149,024 2 EXTRA HELP WAGES 9,650 15,000 15,914 15,914 15,914 3 OVERTIME 4 PERSONAL SERVICES MATCHING 312,488 349,152 551,206 551,206 551,206 5 OPERATING EXPENSES 1,626,744 1,603,085 2,527,694 2,527,694 2,527,694 6 CONFERENCE FEES & TRAVEL 0000 7 PROFESSIONAL FEES AND SERVICES 00 0 0 8 CAPITAL OUTLAY 333,376 100,000 400,000 400,000 400,000 9 FUNDED DEPRECIATION 10 11 12 13 TOTAL APPROPRIATION $3,422,406 $3,312,423 $5,643,838 $5,643,838 $5,643,838 14 PRIOR YEAR FUND BALANCE** 15 GENERAL REVENUE 16 EDUCATIONAL EXCELLENCE TRUST FUND 17 SPECIAL REVENUES * [WF2000] 18 FEDERAL FUNDS IN STATE TREASURY 19 TOBACCO SETTLEMENT FUNDS 3,422,406 3,312,423 5,643,838 5,643,838 OTHER STATE TREASURY FUNDS (FOOTNOTE 20 BELOW)*** 21 TOTAL INCOME $3,422,406 $3,312,423 $5,643,838 $5,643,838 22 EXCESS (FUNDING)/APPROPRIATION $0 $0 $0 $0 * Report WF2000 funds on line 17 - "Special Revenues". FORM FR-3 **Line 14 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** Funds received for operating purposes from state appropriations other than RSA, EETF, and WF2000 (e.g. General Improvement) should be reported on Line 20 "Other State Treasury Funds" and identified in a footnote. 29 APPROPRIATION ACT FORM - CASH FUNDS 2020-2021 Fiscal Year FUND 2050000 INSTITUTION ARKANSAS STATE UNIVERSITY - JONESBORO APPROPRIATION A70 AUTHORIZED INSTITUTIONAL REQUEST / ACTUAL BUDGETED APPROPRIATION AHECB RECOMMENDATION LEGISLATIVE RECOMMENDATION D E S C R I P T I O N 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 1 REGULAR SALARIES 32,908,842 35,000,000 35,000,000 36,500,000 35,000,000 2 EXTRA HELP WAGES 9,490,350 10,000,000 10,000,000 10,250,000 10,000,000 3 OVERTIME 4 PERSONAL SERVICES MATCHING 12,992,241 14,500,000 14,500,000 14,700,000 14,500,000 5 OPERATING EXPENSES 39,395,362 48,500,000 48,500,000 55,000,000 48,500,000 6 CONFERENCE FEES & TRAVEL 0 7,000,000 7,000,000 7,000,000 7,000,000 7 PROFESSIONAL FEES AND SERVICES 24,976,553 27,500,000 27,500,000 29,000,000 27,500,000 8 CAPITAL OUTLAY 7,165,832 11,675,000 11,675,000 18,000,000 11,675,000 9 CAPITAL IMPROVEMENTS 0 41,450,000 41,450,000 44,399,683 51,396,158 10 DEBT SERVICE 14,045,846 18,000,000 18,000,000 22,000,000 18,000,000 11 FUND TRANSFERS, REFUNDS AND INVESTMENTS 12 PROMOTIONAL ITEMS 194,550 200,000 200,000 200,000 200,000 13 RESALE 125,000 125,000 14 15 16 TOTAL APPROPRIATION $141,169,576 $213,825,000 $213,825,000 $237,174,683 $223,896,158 17 PRIOR YEAR FUND BALANCE** 18 TUITION AND MANDATORY FEES 90,000,000 99,600,000 99,600,000 99,600,000 19 ALL OTHER FEES 20 SALES AND SERVICES RELATED TO EDUCATIONAL DEPARTMENTS 1,861,391 2,500,000 2,500,000 2,500,000 21 INVESTMENT INCOME 3,349,626 2,500,000 2,500,000 2,500,000 22 FEDERAL CASH FUNDS 12,956,099 15,000,000 38,349,683 38,349,683 23 OTHER CASH FUNDS 33,002,460 94,225,000 94,225,000 94,225,000 24 TOTAL INCOME $141,169,576 $213,825,000 $237,174,683 $237,174,683 25 EXCESS (FUNDING)/APPROPRIATION $0 $0 $0 ($13,278,525) FORM FR-4 TOTAL NUMBER OF POSITIONS (GENERAL REVENUE AND CASH COMBINED) ACTUAL BUDGETED AUTHORIZED REQUEST AHECB RECOMMEND LEGISLATIVE RECOMMENDATION 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 2020-2021 REGULAR POSITIONS 2,047 2,090 2,244 2,233 2,230 2,244 TOBACCO POSITIONS 19 24 38 38 38 38 EXTRA HELP *** 840 882 2,114 2,114 2,114 2,114 ** Line 17 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** The total number of Extra-Help shown in the requested column will be the total extra-Help positions [General Revenue and Cash] requested to be authorized. 30 AUXILIARY ENTERPRISE CASH INCOME AND EXPENDITURES ARKANSAS STATE UNIVERSITY - JONESBORO (NAME OF INSTITUTION) A C T U A L B U D G E T E D 2018-2019 2019-2020 A C T I V I T Y OPERATING DEBT NET OPERATING DEBT NET INCOME EXPENSES SERVICE INCOME INCOME EXPENSES SERVICE INCOME 1 INTERCOLLEGIATE ATHLETICS* 12,526,651 20,630,511 (8,103,860) 13,085,107 18,594,808 0 (5,509,701) 2 HOUSING 14,296,110 5,396,030 6,306,744 2,593,336 13,590,173 4,381,172 9,206,603 2,398 3 FOOD SERVICES 1,602,827 347,044 1,255,783 1,585,000 321,105 1,263,895 4 STUDENT UNION 2,451,463 1,205,193 1,200,434 45,836 2,357,000 1,164,010 1,201,305 (8,315) 5 BOOKSTORE 340,416 64,594 275,822 304,000 68,000 236,000 6 STUDENT ORGANIZATIONS AND PUBLICATIONS (50) (8,096) 8,046 0 0 0 7 OTHER (FOOTNOTE BELOW) 2,602,153 1,776,724 409,050 416,379 3,288,432 1,950,816 409,346 928,270 8 SUBTOTAL $33,819,570 $29,412,000 $7,916,228 ($3,508,658) $34,209,712 $26,479,911 $10,817,254 ($3,087,453) 9 ATHLETIC TRANSFER** 3,358,644 3,358,644 2,733,150 2,733,150 10 OTHER TRANSFERS*** (FOOTNOTE BELOW) 150,014 150,014 354,303 354,303 11 GRAND TOTAL INCOME, OPERATING EXPENSES, & DEBT SERVICE FOR AUXILIARY ENTERPRISES $37,328,228 $29,412,000 $7,916,228 $0 $37,297,165 $26,479,911 $10,817,254 $0 * Intercollegiate athletic income should include the institutional board of trustees' approved student athletic fees. FORM FR-5 ** For both two-year and four-year institutions, line 9, Athletic Transfer should contain the amount transferred from E&G to athletics. *** For both two-year and four-year institutions, line 10, Other Transfers should contain the amount either transferred from E&G to support the college union, student organizations and student publications; or from auxiliary to other funds (e.g. plant funds), shown as a negative number. NOTE: Line 7 Other - First National Bank Arena, Parking Services, and Miscellaneous NOTE: Line 10 Other Transfers - Student Union, Miscellaneous, Undesignated (Transfers In); Athletics, Housing, Food Service, Farms, Parking (Transfers Out) 31 EMPLOYMENT INFORMATION IDENTIFICATION BY EMPLOYMENT CLASSIFICATION ARKANSAS STATE UNIVERSITY - JONESBORO (NAME OF INSTITUTION) TOTAL NUMBER OF EMPLOYEES IN FISCAL YEAR 2018-2019: 1,609 (As of November 1, 2018) Nonclassified Administrative Employees: White Male: 145 Black Male: 20 Other Male: 12 Total Male: 177 White Female: 262 Black Female: 60 Other Female: 7 Total Female: 329 Nonclassified Health Care Employees: White Male: Black Male: Other Male: Total Male: 0 White Female: Black Female: Other Female: Total Female: 0 Classified Employees: White Male: 199 Black Male: 23 Other Male: 7 Total Male: 229 White Female: 277 Black Female: 47 Other Female: 18 Total Female: 342 Faculty: White Male: 191 Black Male: 7 Other Male: 46 Total Male: 244 White Female: 235 Black Female: 30 Other Female: 23 Total Female: 288 Total White Male: 535 Total Black Male: 50 Total Other Male: 65 Total Male: 650 Total White Female: 774 Total Black Female: 137 Total Other Female: 48 Total Female: 959 Total White: 1309 Total Black: 187 Total Other: 113 Total Employees: 1,609 Total Minority: 300 FORM FR-6 32 ARKANSAS PUBLIC HIGHER EDUCATION INSTITUTIONS AND ENTITIES STATE CONTRACTS OVER $50,000 AWARDED TO MINORITY OWNED BUSINESSES Fiscal Year 2019 Required by A.C.A. 25-36-104 Institution ARKANSAS STATE UNIVERSITY - JONESBORO Minority Type per A.C.A. 15-4-303 (2) Pacific Total Contract African Hispanic American Asian Islander Disabled Minority Business Awarded American American Indian American American Veteran Women Running Threads LLC $51,267 X Sarah Arnold $52,128 X Erin McClelland Museum Services $55,318 X SHI International Corp $114,992 X Pruitt Promotions Inc. $132,589 X TOTAL NUMBER OF MINORITY CONTRACTS AWARDED 5 TOTAL EXPENDITURES ON CONTRACTS 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7KH8QLYHUVLW\FRQFXUVZLWKWKHILQGLQJ$GGLWLRQDOUHYLHZSURFHGXUHVRI Institution’s ILQDQFLDOVWDWHPHQWVZLOOEHLPSOHPHQWHG0V5LWD)OHPLQJKDVEHHQKLUHGDV WKHQHZ9LFH3UHVLGHQWIRU)LQDQFHDQG$GPLQLVWUDWLRQDQGDVVXPHGKHU Response: SRVLWLRQRIILFLDOO\RQ'HFHPEHU 7KH8QLYHUVLW\DSSUHFLDWHVWKH RSSRUWXQLW\WRFRUUHFWWKHVWDWHPHQWV :HH[DPLQHGWKH8QLYHUVLW\ VSROLFLHVDQGSURFHGXUHVUHJDUGLQJHQUROOLQJ VWXGHQWVZLWKDFFRXQWEDODQFHVDQGFROOHFWLRQRQFXUUHQWVWXGHQWV DFFRXQWV 7KH8QLYHUVLW\ VSROLF\DOWKRXJKQRWZULWWHQZDVWRDOORZVWXGHQWVZLWKD FXUUHQWEDODQFHRIOHVVWKDQWRUHJLVWHUIRUWKHXSFRPLQJVHPHVWHUDQG WRDXWRPDWLFDOO\HQUROOVWXGHQWVLQDSD\PHQWSODQHDFKVHPHVWHU'XULQJRXU H[DPLQDWLRQRIVWXGHQWDFFRXQWVZHQRWHGWKHIROORZLQJH[FHSWLRQV Finding No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nstitution’s $XJXVWRI WRDGGUHVVWKHVWXGHQWDFFRXQWVLVVXH7KLVZDVRIFULWLFDO LPSRUWDQFHWRFROOHFWROGGHEWVDQGSUHYHQWIXWXUHVWXGHQWVIURPDFFUXLQJVXFK Response: GHEWV7KHERDUGRIWUXVWHHVDSSURYHGSROLFLHVZKLFKDUHUHIOHFWLYHRI LQGXVWU\EHVWSUDFWLFHVIRUERWKFXUUHQWVWXGHQWVDQGIXWXUHVWXGHQWV 51 7+,63$*(,17(17,21$//</()7%/$1. 52 INSTITUTION APPROPRIATION SUMMARY 2020-2021 INSTITUTION SOUTHERN ARKANSAS UNIVERSITY HISTORICAL DATA INSTITUTION REQUEST & AHECB RECOMMENDATION 2018-2019 2019-2020 2019-2020 2020-2021 APPROPRIATION ACTUAL POS BUDGETED POS AUTHORIZED POS INST REQUEST POS AHECB REC POS 1 STATE TREASURY 17,435,648 18,975,426 19,326,757 18,984,125 18,984,125 2 CASH 26,351,585 50,654,085 54,850,000 55,000,000 55,000,000 3 4 5 6 7 8 9 10 11 TOTAL $43,787,233 478 $69,629,511 476 $74,176,757 529 $73,984,125 529 $73,984,125 529 FUNDING SOURCES % % % % 12 PRIOR YEAR FUND BALANCE* 0 0% 0 0% 0 0% 0 0% 13 GENERAL REVENUE 16,072,947 37% 17,542,719 25% 17,179,180 23% 17,179,180 23% 14 EDUCATIONAL EXCELLENCE TRUST FUND 1,405,082 3% 1,432,707 2% 1,432,707 2% 1,432,707 2% 15 WORKFORCE 2000 0 0% 0 0% 0 0% 0 0% 16 CASH FUNDS 26,351,585 60% 51,154,085 73% 55,000,000 75% 55,000,000 75% 17 SPECIAL REVENUES 0% 0% 0% 0 0% 18 FEDERAL FUNDS 0 0% 0 0% 0 0% 0 0% 19 TOBACCO SETTLEMENT FUNDS 0 0% 0 0% 0 0% 0 0% 20 OTHER FUNDS 1,391 0% 0 0% 00% 00% 21 TOTAL INCOME $43,831,005 100% $70,129,511 100% $73,611,887 100% $73,611,887 100% 22 EXCESS (FUNDING)/APPROPRIATION ($43,772) ($500,000) $372,238 $372,238 UNRESTRICTED EDUCATIONAL & GENERAL FUND BALANCE AS OF JUNE 30, 2019: $1,091,426 LESS RESERVES FOR: ACCOUNTS RECEIVABLE INVENTORIES $124,984 YEAR-END ENCUMBRANCES NOT YET RECORDED AS LIABILITIES INSURANCE DEDUCTIBLES $125,000 MAJOR CRITICAL SYSTEMS FAILURES 60 DAYS OF SALARIES & BENEFITS (CASH FLOW PURPOSES) RESERVE FOR SPECIFIC ITEM (SOFTWARE, EQUIPMENT, ETC.) OTHER (FOOTNOTE BELOW) ($966,914) UNRESERVED EDUCATIONAL & GENERAL FUND BALANCE $1,808,356 *Line 12 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. 53 APPROPRIATION ACT FORM - STATE TREASURY 2020-2021 FISCAL YEAR FUND CSA0000 INSTITUTION SOUTHERN ARKANSAS UNIVERSITY APPROPRIATION 292 AUTHORIZED INSTITUTIONAL REQUEST / ACTUAL BUDGETED APPROPRIATION AHECB RECOMMENDATION LEGISLATIVE RECOMMENDATION D E S C R I P T I O N 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 1 REGULAR SALARIES 15,332,121 16,745,569 17,096,900 17,009,427 17,096,900 2 EXTRA HELP WAGES 3 OVERTIME 4 PERSONAL SERVICES MATCHING 1,770,000 1,899,700 1,899,700 1,899,700 1,899,700 5 OPERATING EXPENSES 75,905 74,998 74,998 74,998 74,998 6 CONFERENCE FEES & TRAVEL 00000 7 PROFESSIONAL FEES AND SERVICES 00 0 0 0 8 CAPITAL OUTLAY 00 0 0 0 9 FUNDED DEPRECIATION 255,159 255,159 255,159 0 255,159 10 SURETY PREMIUM 2,463 11 12 13 TOTAL APPROPRIATION $17,435,648 $18,975,426 $19,326,757 $18,984,125 $19,326,757 14 PRIOR YEAR FUND BALANCE** 15 GENERAL REVENUE 16,072,947 17,542,719 17,179,180 17,179,180 16 EDUCATIONAL EXCELLENCE TRUST FUND 1,405,082 1,432,707 1,432,707 1,432,707 17 SPECIAL REVENUES * [WF2000] 18 FEDERAL FUNDS IN STATE TREASURY 19 TOBACCO SETTLEMENT FUNDS OTHER STATE TREASURY FUNDS (FOOTNOTE 20 BELOW)*** 1,391 21 TOTAL INCOME $17,479,420 $18,975,426 $18,611,887 $18,611,887 22 EXCESS (FUNDING)/APPROPRIATION ($43,772) $0 $372,238 $714,870 * Report WF2000 funds on line 17 - "Special Revenues". FORM FR-3 **Line 14 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** Funds received for operating purposes from state appropriations other than RSA, EETF, and WF2000 (e.g. General Improvement) should be reported on Line 20 "Other State Treasury Funds" and identified in a footnote. NOTE: Line 20 - Tuition Adjustment Reimbursement 54 APPROPRIATION ACT FORM - STATE TREASURY 2020-2021 FISCAL YEAR FUND CSA0000 INSTITUTION SOUTHERN ARKANSAS UNIVERSITY APPROPRIATION 83G AUTHORIZED INSTITUTIONAL REQUEST / ACTUAL BUDGETED APPROPRIATION AHECB RECOMMENDATION LEGISLATIVE RECOMMENDATION D E S C R I P T I O N 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 1 REGULAR SALARIES 43,773 45,000 45,000 45,000 45,000 2 EXTRA HELP WAGES 3 OVERTIME 4 PERSONAL SERVICES MATCHING 0 13,500 13,500 13,500 13,500 5 OPERATING EXPENSES 0 41,500 41,500 41,500 41,500 6 CONFERENCE FEES & TRAVEL 00 0 0 0 7 PROFESSIONAL FEES AND SERVICES 00 0 0 0 8 CAPITAL OUTLAY 00000 9 FUNDED DEPRECIATION 10 11 12 13 TOTAL APPROPRIATION $43,773 $100,000 $100,000 $100,000 $100,000 14 PRIOR YEAR FUND BALANCE** 15 GENERAL REVENUE 16 EDUCATIONAL EXCELLENCE TRUST FUND 17 SPECIAL REVENUES * [WF2000] 18 FEDERAL FUNDS IN STATE TREASURY 19 TOBACCO SETTLEMENT FUNDS OTHER STATE TREASURY FUNDS (FOOTNOTE 20 BELOW)*** 43,773 100,000 100,000 100,000 21 TOTAL INCOME $43,773 $100,000 $100,000 $100,000 22 EXCESS (FUNDING)/APPROPRIATION $0 $0 $0 $0 * Report WF2000 funds on line 17 - "Special Revenues". FORM FR-3 **Line 14 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** Funds received for operating purposes from state appropriations other than RSA, EETF, and WF2000 (e.g. General Improvement) should be reported on Line 20 "Other State Treasury Funds" and identified in a footnote. NOTE: Line 20 - System Appropriations 55 APPROPRIATION ACT FORM - CASH FUNDS 2020-2021 Fiscal Year FUND 2080000 INSTITUTION SOUTHERN ARKANSAS UNIVERSITY APPROPRIATION A63 AUTHORIZED INSTITUTIONAL REQUEST / ACTUAL BUDGETED APPROPRIATION AHECB RECOMMENDATION LEGISLATIVE RECOMMENDATION D E S C R I P T I O N 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 1 REGULAR SALARIES 6,285,634 7,033,000 7,033,000 7,033,000 7,033,000 2 EXTRA HELP WAGES 114,904 3,550,000 3,550,000 3,550,000 3,550,000 3 OVERTIME 4 PERSONAL SERVICES MATCHING 3,114,482 5,955,000 5,955,000 5,955,000 5,955,000 5 OPERATING EXPENSES 10,846,421 19,112,000 19,112,000 19,262,000 19,262,000 6 CONFERENCE FEES & TRAVEL 51,815 1,100,000 1,100,000 1,100,000 1,100,000 7 PROFESSIONAL FEES AND SERVICES 400,516 1,000,000 1,000,000 1,000,000 1,000,000 8 CAPITAL OUTLAY 516,958 1,700,000 1,700,000 1,700,000 1,700,000 9 CAPITAL IMPROVEMENTS 1,620,293 6,304,085 10,000,000 10,000,000 10,000,000 10 DEBT SERVICE 3,400,563 4,100,000 4,100,000 4,100,000 4,100,000 11 FUND TRANSFERS, REFUNDS AND INVESTMENTS 0 800,000 800,000 800,000 800,000 12 13 14 15 16 TOTAL APPROPRIATION $26,351,585 $50,654,085 $54,350,000 $54,500,000 $54,500,000 17 PRIOR YEAR FUND BALANCE** 18 TUITION AND MANDATORY FEES 26,067,815 29,386,598 30,250,000 30,250,000 19 ALL OTHER FEES 9,110,261 10,000,000 10,000,000 20 SALES AND SERVICES RELATED TO EDUCATIONAL DEPARTMENTS 283,770 448,200 500,000 500,000 21 INVESTMENT INCOME 22 FEDERAL CASH FUNDS 23 OTHER CASH FUNDS 11,709,026 13,750,000 13,750,000 24 TOTAL INCOME $26,351,585 $50,654,085 $54,500,000 $54,500,000 25 EXCESS (FUNDING)/APPROPRIATION $0 $0 $0 $0 FORM FR-4 TOTAL NUMBER OF POSITIONS (GENERAL REVENUE AND CASH COMBINED) ACTUAL BUDGETED AUTHORIZED REQUEST AHECB RECOMMEND LEGISLATIVE RECOMMENDATION 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 2020-2021 REGULAR POSITIONS 478 476 529 529 529 529 TOBACCO POSITIONS EXTRA HELP *** 1,678 1,850 1,900 1,900 1,900 1,900 ** Line 17 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** The total number of Extra-Help shown in the requested column will be the total extra-Help positions [General Revenue and Cash] requested to be authorized. 56 APPROPRIATION ACT FORM - CASH FUNDS 2020-2021 Fiscal Year FUND 2080100 INSTITUTION SOUTHERN ARKANSAS UNIVERSITY APPROPRIATION X67 AUTHORIZED INSTITUTIONAL REQUEST / ACTUAL BUDGETED APPROPRIATION AHECB RECOMMENDATION LEGISLATIVE RECOMMENDATION D E S C R I P T I O N 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 1 VETERINARY TECHNOLOGY PROGRAM EXPENSES 500,000 500,000 500,000 500,000 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 TOTAL APPROPRIATION $0 $500,000 $500,000 $500,000 $500,000 17 PRIOR YEAR FUND BALANCE** 18 TUITION AND MANDATORY FEES 19 ALL OTHER FEES 20 SALES AND SERVICES RELATED TO EDUCATIONAL DEPARTMENTS 21 INVESTMENT INCOME 22 FEDERAL CASH FUNDS 23 OTHER CASH FUNDS 500,000 500,000 500,000 24 TOTAL INCOME $0 $500,000 $500,000 $500,000 25 EXCESS (FUNDING)/APPROPRIATION $0 $0 $0 $0 FORM FR-4 TOTAL NUMBER OF POSITIONS (GENERAL REVENUE AND CASH COMBINED) ACTUAL BUDGETED AUTHORIZED REQUEST AHECB RECOMMEND LEGISLATIVE RECOMMENDATION 2018-2019 2019-2020 2019-2020 2020-2021 2020-2021 2020-2021 REGULAR POSITIONS NA TOBACCO POSITIONS EXTRA HELP *** NA ** Line 17 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** The total number of Extra-Help shown in the requested column will be the total extra-Help positions [General Revenue and Cash] requested to be authorized. NOTE: Line 23 - Fundraising, Project not funded 57 AUXILIARY ENTERPRISE CASH INCOME AND EXPENDITURES SOUTHERN ARKANSAS UNIVERSITY (NAME OF INSTITUTION) A C T U A L B U D G E T E D 2018-2019 2019-2020 A C T I V I T Y OPERATING DEBT NET OPERATING DEBT NET INCOME EXPENSES SERVICE INCOME INCOME EXPENSES SERVICE INCOME 1 INTERCOLLEGIATE ATHLETICS* 1,923,768 4,677,272 487,976 (3,241,480) 2,147,837 4,774,775 307,138 (2,934,076) 2 HOUSING 7,828,799 4,342,796 1,806,988 1,679,015 7,740,000 4,438,907 1,126,669 2,174,424 3 FOOD SERVICES 5,178,153 4,062,417 1,115,737 5,311,195 4,177,373 1,133,822 4 STUDENT UNION 11,791 226,305 (214,514) 7,500 278,988 (271,488) 5 BOOKSTORE 256,192 12,188 244,004 240,000 11,836 228,164 6 STUDENT ORGANIZATIONS AND PUBLICATIONS 632,601 610,966 21,635 599,275 545,344 53,931 7 OTHER (FOOTNOTE BELOW) 623,978 597,367 26,611 449,619 633,700 (184,081) 8 SUBTOTAL $16,455,282 $14,529,311 $2,294,964 ($368,993) $16,495,426 $14,860,923 $1,433,807 $200,696 9 ATHLETIC TRANSFER** 1,333,453 1,333,453 1,362,789 1,362,789 10 OTHER TRANSFERS*** (FOOTNOTE BELOW) (760,744) (760,744) (212,535) (212,535) 11 GRAND TOTAL INCOME, OPERATING EXPENSES, & DEBT SERVICE FOR AUXILIARY ENTERPRISES $17,027,991 $14,529,311 $2,294,964 $203,716 $17,645,680 $14,860,923 $1,433,807 $1,350,950 * Intercollegiate athletic income should include the institutional board of trustees' approved student athletic fees. FORM FR-5 ** For both two-year and four-year institutions, line 9, Athletic Transfer should contain the amount transferred from E&G to athletics. *** For both two-year and four-year institutions, line 10, Other Transfers should contain the amount either transferred from E&G to support the college union, student organizations and student publications; or from auxiliary to other funds (e.g. plant funds), shown as a negative number. NOTE: Line 7 - Post Office and CWSP Allocation NOTE: Line 10 - Post Office and Health Services 58 EMPLOYMENT INFORMATION IDENTIFICATION BY EMPLOYMENT CLASSIFICATION SOUTHERN ARKANSAS UNIVERSITY (NAME OF INSTITUTION) TOTAL NUMBER OF EMPLOYEES IN FISCAL YEAR 2018-2019: 478 (As of November 1, 2018) Nonclassified Administrative Employees: White Male: 70 Black Male: 8 Other Male: 5 Total Male: 83 White Female: 80 Black Female: 16 Other Female: 3 Total Female: 99 Nonclassified Health Care Employees: White Male: Black Male: Other Male: Total Male: 0 White Female: Black Female: Other Female: Total Female: 0 Classified Employees: White Male: 35 Black Male: 6 Other Male: Total Male: 41 White Female: 69 Black Female: 17 Other Female: 2 Total Female: 88 Faculty: White Male: 63 Black Male: 7 Other Male: 12 Total Male: 82 White Female: 77 Black Female: 5 Other Female: 3 Total Female: 85 Total White Male: 168 Total Black Male: 21 Total Other Male: 17 Total Male: 206 Total White Female: 226 Total Black Female: 38 Total Other Female: 8 Total Female: 272 Total White: 394 Total Black: 59 Total Other: 25 Total Employees: 478 Total Minority: 84 FORM FR-6 59 ARKANSAS PUBLIC HIGHER EDUCATION INSTITUTIONS AND ENTITIES STATE CONTRACTS OVER $50,000 AWARDED TO MINORITY OWNED BUSINESSES Fiscal Year 2019 Required by A.C.A. 25-36-104 Institution SOUTHERN ARKANSAS UNIVERSITY Minority Type per A.C.A. 15-4-303 (2) Pacific Total Contract African Hispanic American Asian Islander Disabled Minority Business Awarded American American Indian American American Veteran Women TOTAL NUMBER OF MINORITY CONTRACTS AWARDED 0 TOTAL EXPENDITURES ON CONTRACTS AWARDED $508,023 (Total Expenditures equals ALL Contracts Exceeding $50,000--Minority and Non-Minority) % OF MINORITY CONTRACTS AWARDED 0% 60 $5.$16$6/(*,6/$7,9($8',7 $8',72)6287+(51$5.$16$6 81,9(56,7< -XQH ,Q-XO\WKH8QLYHUVLW\GLVFRYHUHGDQGZHFRQILUPHGWKUHH XQDXWKRUL]HGSD\PHQWVIURPWKH8QLYHUVLW\¶VSD\UROODFFRXQWWR 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727$/(;3(1',785(621&2175$&76$:$5'(' 7RWDO([SHQGLWXUHVHTXDOV$//&RQWUDFWV([FHHGLQJ0LQRULW\DQG1RQ0LQRULW\ 2)0,125,7<&2175$&76$:$5'(' 101 $5.$16$6/(*,6/$7,9($8',7 $8',72)81,9(56,7<2)$5.$16$6)$<(77(9,//( -XQH 7KH8QLYHUVLW\RI$UNDQVDV6\VWHP,QWHUQDO$XGLW'HSDUWPHQW ,$' FRQGXFWHGDQDXGLWWRGHWHFWXQDXWKRUL]HGFKDQJHVWRWKH8QLYHUVLW\¶V YHQGRUPDVWHUILOHDQGUHVXOWLQJORVVHVSULPDULO\IRUWKHSHULRG 6HSWHPEHUWKURXJK1RYHPEHU$IWHUDVXVSHFWHG DXWRPDWHGFOHDULQJKRXVH $&+ SD\PHQWIUDXGPDQDJHPHQWILOHGD Finding No. 1: UHSRUWZLWKWKH8QLYHUVLW\3ROLFH'HSDUWPHQW,$'IRXQGWKDWRQH YHQGRU¶VEDQNLQJLQIRUPDWLRQZDVDOWHUHGWKURXJKDGRPDLQQRW EHORQJLQJWRWKHYHQGRUUHVXOWLQJLQXQDXWKRUL]HG$&+SD\PHQWV WRWDOLQJ WRDQDSSDUHQWIUDXGXOHQWUHFLSLHQW2IWKLVDPRXQW ZDVUHFRYHUHGE\WKHEDQNOHDYLQJDORVVRI WRWKH 8QLYHUVLW\ :HDJUHHGZLWKDQGLPSOHPHQWHG,QWHUQDO$XGLW¶VUHFRPPHQGDWLRQDV SUHYLRXVO\FRPPXQLFDWHGLQ &RPSOLDQFH,QWHUQDO$XGLW5HSRUW± 8QLYHUVLW\RI$UNDQVDV)D\HWWHYLOOH± $&+3D\PHQWV %XVLQHVV Institution’s 6HUYLFHVKDVGHYHORSHGVWDQGDUGFRPPXQLFDWLRQVIRU6XSSOLHU6HUYLFHV Response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eport WF2000 funds on line 17 - "Special Revenues". FORM FR-3 **Line 14 Prior Year Fund Balance includes only the portion of the fund balance needed to balance that fiscal year's budget. *** Funds received for operating purposes from state appropriations other than RSA, EETF, and WF2000 (e.g. General Improvement) should be reported on Line 20 "Other State Treasury Funds" and identified in a footnote. 105 $335235,$7,21$&7)250&$6+)81'6 )LVFDO )81' ,167,787,21 $5.$16$66&+22/)250$7+(0$7,&66&,(1&(6$1'7+($576 $335235,$7,21 & $87+25,=(' ,167,787,21$/5(48(67 $&78$/ %8'*(7(' $335235,$7,21 $+(&%5(&200(1'$7,21 /(*,6/$7,9(5(&200(1'$7,21 '(6&5,37,21 5(*8/$56$/$5,(6 (;75$+(/3:$*(6 29(57,0( 3(5621$/6(59,&(60$7&+,1* 23(5$7,1*(;3(16(6 &21)(5(1&()((6 75$9(/ 352)(66,21$/)((6$1'6(59,&(6 &$3,7$/287/$< &$3,7$/,03529(0(176 '(%76(59,&( )81'75$16)(565()81'6$1',19(670(176 352027,21$/,7(06 /2$165(,0%856(0(176 727$/$335235,$7,21 35,25<($5)81'%$/$1&( 78,7,21$1'0$1'$725<)((6 $//27+(5)((6 6$/(6$1'6(59,&(65(/$7('72('8&$7,21$/ '(3$570(176 ,19(670(17,1&20( )('(5$/&$6+)81'6 27+(5&$6+)81'6 727$/,1&20( (;&(66 )81',1* $335235,$7,21 )250)5 727$/180%(52)326,7,216 *(1(5$/5(9(18($1'&$6+&20%,1(' $&78$/ %8'*(7(' $87+25,=(' 5(48(67 $+(&%5(&200(1' /(*,6/$7,9(5(&200(1'$7,21 5(*8/$5326,7,216 72%$&&2326,7,216 (;75$+(/3 /LQH3ULRU 106 $8;,/,$5<(17(535,6(&$6+,1&20($1'(;3(1',785(6 $5.$16$66&+22/)250$7+(0$7,&66&,(1&(6$1'7+($576 1$0(2),167,787,21 $&78$/ %8'*(7(' $&7,9,7< 23(5$7,1* '(%7 1(7 23(5$7,1* '(%7 1(7 ,1&20( (;3(16(6 6(59,&( ,1&20( ,1&20( (;3(16(6 6(59,&( ,1&20( ,17(5&2//(*,$7($7+/(7,&6 +286,1* )22'6(59,&(6 678'(1781,21 %22.6725( 678'(1725*$1,=$7,216$1'38%/,&$7,216 27+(5 )227127(%(/2: 68%727$/ $7+/(7,&75$16)(5 27+(575$16)(56 )227127(%(/2: *5$1'727$/,1&20(23(5$7,1*(;3(16(6 '(%76(59,&()25$8;,/,$5<(17(535,6(6 ,QWHUFROOHJLDWHDWKOHWLFLQFRPHVKRXOGLQFOXGHWKHLQVWLWXWLRQDOERDUGRIWUXVWHHV DSSURYHGVWXGHQWDWKOHWLFIHHV )250)5 )RUERWKWZR\HDUDQGIRXU\HDULQVWLWXWLRQVOLQH $WKOHWLF7UDQVIHUVKRXOGFRQWDLQWKHDPRXQWWUDQVIHUUHGIURP( *WRDWKOHWLFV )RUERWKWZR\HDUDQGIRXU\HDULQVWLWXWLRQVOLQH2WKHU7UDQVIHUVVKRXOGFRQWDLQWKHDPRXQWHLWKHUWUDQVIHUUHGIURP( *WRVXSSRUWWKHFROOHJHXQLRQVWXGHQW RUJDQL]DWLRQVDQGVWXGHQWSXEOLFDWLRQV RUIURPDX[LOLDU\WRRWKHUIXQGV HJSODQWIXQGV VKRZQDVDQHJDWLYHQXPEHU 107 (03/2<0(17,1)250$7,21 ,'(17,),&$7,21%<(03/2<0(17&/$66,),&$7,21 $5.$16$66&+22/)250$7+(0$7,&66&,(1&(6$1'7+($576 1$0(2),167,787,21 727$/180%(52)(03/2<((6,1),6&$/<($5 $VRI1RYHPEHU 1RQFODVVLILHG$GPLQLVWUDWLYH(PSOR\HHV :KLWH0DOH %ODFN0DOH 2WKHU0DOH 7RWDO 0DOH :KLWH)HPDOH %ODFN)HPDOH 2WKHU)HPDOH 7RWDO )HPDOH 1RQFODVVLILHG+HDOWK&DUH(PSOR\HHV :KLWH0DOH %ODFN0DOH 2WKHU0DOH 7RWDO 0DOH :KLWH)HPDOH %ODFN)HPDOH 2WKHU)HPDOH 7RWDO )HPDOH &ODVVLILHG(PSOR\HHV :KLWH0DOH %ODFN0DOH 2WKHU0DOH 7RWDO 0DOH :KLWH)HPDOH %ODFN)HPDOH 2WKHU)HPDOH 7RWDO )HPDOH )DFXOW\ :KLWH0DOH %ODFN0DOH 2WKHU0DOH 7RWDO 0DOH :KLWH)HPDOH %ODFN)HPDOH 2WKHU)HPDOH 7RWDO )HPDOH 7RWDO:KLWH0DOH 7RWDO%ODFN0DOH 7RWDO2WKHU0DOH 7RWDO 0DOH 7RWDO:KLWH)HPDOH 7RWDO%ODFN)HPDOH 7RWDO2WKHU)HPDOH 7RWDO )HPDOH 7RWDO:KLWH 7RWDO%ODFN 7RWDO2WKHU 7RWDO (PSOR\HHV 7RWDO0LQRULW\ )250)5 108 $5.$16$638%/,&+,*+(5('8&$7,21,167,787,216$1'(17,7,(6 67$7(&2175$&7629(5$:$5'('720,125,7<2:1('%86,1(66(6 )LVFDO ,QVWLWXWLRQ $5.$16$66&+22/)250$7+(0$7,&66&,(1&(6$1'7+($576 0LQRULW\7\SHSHU$&$ 3DFLILF 7RWDO&RQWUDFW $IULFDQ +LVSDQLF $PHULFDQ $VLDQ ,VODQGHU 'LVDEOHG 0LQRULW\%XVLQHVV $ZDUGHG $PHULFDQ $PHULFDQ ,QGLDQ $PHULFDQ $PHULFDQ 9HWHUDQ :RPHQ 727$/180%(52)0,125,7<&2175$&76$:$5'(' 727$/(;3(1',785(621&2175$&76$:$5'(' 7RWDO([SHQGLWXUHVHTXDOV$//&RQWUDFWV([FHHGLQJ0LQRULW\DQG1RQ0LQRULW\ 2)0,125,7<&2175$&76$:$5'(' 8$$606$)LVFDO/HJLVODWLYH5HTXHVW)RUPV 0LQRULW\&RQWUDFW 109 $5.$16$6/(*,6/$7,9( $8',7 $8',72) $5.$16$6 6&+22/)250$7+(0$7,&66&,(1&(6 $1'7+( $576 -XQH Finding: 1RILQGLQJVQRWHG 110 ,167,787,21$335235,$7,216800$5< ,167,787,21 81,9(56,7<2)$5.$16$6)25760,7+ +,6725,&$/'$7$ ,167,787,215(48(67 $+(&%5(&200(1'$7,21 $335235,$7,21 $&78$/ 326 %8'*(7(' 326 $87+25,=(' 326 ,1675(48(67 326 $+(&%5(& 326 67$7(75($685< &$6+ 727$/ )81',1*6285&(6 35,25<($5)81'%$/$1&( *(1(5$/5(9(18( ('8&$7,21$/(;&(//(1&(75867)81' :25.)25&( &$6+)81'6 63(&,$/5(9(18(6 )('(5$/)81'6 72%$&&26(77/(0(17)81'6 27+(5)81'6 727$/,1&20( (;&(66 )81',1* $335235,$7,21 815(675,&7('('8&$7,21$/ *(1(5$/)81'%$/$1&($62)-81( /(665(6(59(6)25 $&&281765(&(,9$%/( ,19(1725,(6 <($5(1'(1&80%5$1&(6127<(75(&25'('$6/,$%,/,7,(6 ,1685$1&('('8&7,%/(6 0$-25&5,7,&$/6<67(06)$,/85(6 '$<62)6$/$5,(6 %(1(),76 &$6+)/2:385326(6 5(6(59()2563(&,),&,7(0 62)7:$5((48,30(17(7& 27+(5 )227127(%(/2: 815(6(59('('8&$7,21$/ *(1(5$/)81'%$/$1&( /LQH3ULRU 111 $335235,$7,21$&7)25067$7(75($685< ),6&$/<($5 )81' &:: ,167,787,21 81,9(56,7<2)$5.$16$6)25760,7+ $335235,$7,21 $87+25,=(' ,167,787,21$/5(48(67 $&78$/ %8'*(7(' $335235,$7,21 $+(&%5(&200(1'$7,21 /(*,6/$7,9(5(&200(1'$7,21 '(6&5,37,21 5(*8/$56$/$5,(6 (;75$+(/3:$*(6 29(57,0( 3(5621$/6(59,&(60$7&+,1* 23(5$7,1*(;3(16(6 &21)(5(1&()((6 75$9(/ 352)(66,21$/)((6$1'6(59,&(6 &$3,7$/287/$< )81'(''(35(&,$7,21 &/$,06 685(7<35(0,80 727$/$335235,$7,21 35,25<($5)81'%$/$1&( *(1(5$/5(9(18( ('8&$7,21$/(;&(//(1&(75867)81' 63(&,$/5(9(18(6 >:)@ )('(5$/)81'6,167$7(75($685< 72%$&&26(77/(0(17)81'6 27+(567$7(75($685<)81'6 )227127( %(/2: 727$/,1&20( (;&(66 )81',1* $335235,$7,21 5HSRUW:)IXQGVRQOLQH6SHFLDO5HYHQXHV )250)5 /LQH3ULRU 127( /LQH7XLWLRQ$GMXVWPHQW5HLPEXUVHPHQW 112 $335235,$7,21$&7)250&$6+)81'6 )LVFDO )81' ,167,787,21 81,9(56,7<2)$5.$16$6)25760,7+ $335235,$7,21 % $87+25,=(' ,167,787,21$/5(48(67 $&78$/ %8'*(7(' $335235,$7,21 $+(&%5(&200(1'$7,21 /(*,6/$7,9(5(&200(1'$7,21 '(6&5,37,21 5(*8/$56$/$5,(6 (;75$+(/3:$*(6 29(57,0( 3(5621$/6(59,&(60$7&+,1* 23(5$7,1*(;3(16(6 &21)(5(1&()((6 75$9(/ 352)(66,21$/)((6$1'6(59,&(6 &$3,7$/287/$< &$3,7$/,03529(0(176 '(%76(59,&( )81'75$16)(565()81'6$1',19(670(176 352027,21$/,7(06 727$/$335235,$7,21 35,25<($5)81'%$/$1&( 78,7,21$1'0$1'$725<)((6 $//27+(5)((6 6$/(6$1'6(59,&(65(/$7('72('8&$7,21$/ '(3$570(176 ,19(670(17,1&20( )('(5$/&$6+)81'6 27+(5&$6+)81'6 727$/,1&20( (;&(66 )81',1* $335235,$7,21 )250)5 727$/180%(52)326,7,216 *(1(5$/5(9(18($1'&$6+&20%,1(' $&78$/ %8'*(7(' $87+25,=(' 5(48(67 $+(&%5(&200(1' /(*,6/$7,9(5(&200(1'$7,21 5(*8/$5326,7,216 72%$&&2326,7,216 (;75$+(/3 /LQH3ULRU 113 $8;,/,$5<(17(535,6(&$6+,1&20($1'(;3(1',785(6 81,9(56,7<2)$5.$16$6)25760,7+ 1$0(2),167,787,21 $&78$/ %8'*(7(' $&7,9,7< 23(5$7,1* '(%7 1(7 23(5$7,1* '(%7 1(7 ,1&20( (;3(16(6 6(59,&( ,1&20( ,1&20( (;3(16(6 6(59,&( ,1&20( ,17(5&2//(*,$7($7+/(7,&6 +286,1* )22'6(59,&(6 678'(1781,21 %22.6725( 678'(1725*$1,=$7,216$1'38%/,&$7,216 27+(5 )227127(%(/2: 68%727$/ $7+/(7,&75$16)(5 27+(575$16)(56 )227127(%(/2: *5$1'727$/,1&20(23(5$7,1*(;3(16(6 '(%76(59,&()25$8;,/,$5<(17(535,6(6 ,QWHUFROOHJLDWHDWKOHWLFLQFRPHVKRXOGLQFOXGHWKHLQVWLWXWLRQDOERDUGRIWUXVWHHV DSSURYHGVWXGHQWDWKOHWLFIHHV )250)5 )RUERWKWZR\HDUDQGIRXU\HDULQVWLWXWLRQVOLQH $WKOHWLF7UDQVIHUVKRXOGFRQWDLQWKHDPRXQWWUDQVIHUUHGIURP( *WRDWKOHWLFV )RUERWKWZR\HDUDQGIRXU\HDULQVWLWXWLRQVOLQH2WKHU7UDQVIHUVVKRXOGFRQWDLQWKHDPRXQWHLWKHUWUDQVIHUUHGIURP( 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