2021-22 OPERATING and CAPITAL BUDGET University of Kentucky Leadership
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Budget at a Glance UNIVERSITY OF KENTUCKY UNIVERSITY OF KENTUCKY FISCAL YEAR 2021-22 OPERATING AND CAPITAL BUDGET University of Kentucky Leadership University Board of Trustees University Executive Management Claude A. “Skip” Berry, III David Melanson Eli Capilouto, President Cathy A. Black Paula Leach Pope Eric N. Monday, Executive Vice President for Finance and Administration Lee X. Blonder Derrick K. Ramsey Mark F. Newman, Executive Vice President for Health Affairs Joe Rollin Bowen C. Frank Shoop David Blackwell, Provost Michael A. Christian Sandy R. Shuffett Lisa Cassis, Vice President for Research Carol Martin “Bill” Gatton Bryan Sunderland Ron Geoghegan Hollie Swanson President’s Council Cammie DeShields Grant Robert D. Vance, Chair Joseph Reed, Chief Accountability Officer & Audit Executive Kimberly Scott McCann, Vice Chair Rachel Watts Webb Mitchell S. Barnhart, Director of Athletics Elizabeth McCoy Courtney Wheeler Eric Monday, Executive Vice President for Finance & Administration Barbara Young Mark Newman, Executive Vice President for Health Affairs William E. Thro, General Counsel University Deans George C. Wright, Interim Vice President for Institutional Diversity David W. Blackwell, Provost Nancy M. Cox, Dean, College of Agriculture, Food and Environment Nancy Cox, Vice President for Land-grant Engagement Christian Brady, Interim Dean, College of Arts and Sciences D. Michael Richey, Vice President for Philanthropy Simon J. Sheather, Dean, Gatton College of Business and Economics Lisa Cassis, Vice President for Research Jennifer D. Greer, Dean, College of Communication and Information Kirsten Turner, Vice President for Student Success Jeffrey Okeson, Dean, College of Dentistry Mitzi R. Vernon, Dean, College of Design Julian Vasquez Heilig, Dean, College of Education Rudy Buchheit, Dean, College of Engineering Mark Shanda, Dean, College of Fine Arts Brian A. Jackson, Interim Dean, Graduate School Scott M. Lephart, Dean, College of Health Sciences Laura Bryan, Acting Dean, Lewis Honors College The University of Kentucky is committed to a policy of providing opportunities to people Mary J. Davis, Dean, J. David Rosenberg College of Law regardless of economic or social status and will not discriminate on the basis of race, color, ethnic origin, national origin, creed, religion, political belief, sex, sexual orientation, marital Doug Way, Dean, Libraries status, age, veteran status, or physical or mental disability. Robert S. DiPaola, Dean, College of Medicine Janie Heath, Dean, College of Nursing Copyright 2021 R. Kip Guy, Dean,College of Pharmacy University of Kentucky University Budget Office Donna K. Arnett, Dean, College of Public Health http://www.uky.edu/ubo Justin “Jay” Miller, Dean, College of Social Work (859) 257-1841 TABLE OF CONTENTS PRESIDENT’S BUDGET MESSAGE ...................................................................................................................................... 1 BUDGET AT A GLANCE .................................................................................................................................................... 3 REVENUE AND EXPENSE SUMMARIES Current Funds Revenues, Appropriated Fund Balances, and Net Transfers by Fund Source .................... 31 Current Funds Expenditures by Major Object ........................................................................................... 37 Current Funds Expenditures by Function ................................................................................................... 39 EXPENSES BY COLLEGES AND UNITS President Expenses ...................................................................................................................................... 42 Provost Expenses ......................................................................................................................................... 44 Finance and Administration Expenses ......................................................................................................... 63 Research Expenses ...................................................................................................................................... 67 UK HealthCare Expenses .............................................................................................................................. 69 University‐Wide Expenses............................................................................................................................ 70 UK Affiliated Corporations Expenses .......................................................................................................... 72 TUITION, FEE, AND RATE SCHEDULES Tuition and Mandatory Fees ....................................................................................................................... 73 Mandatory Student Fees ............................................................................................................................. 94 Housing Rates ............................................................................................................................................ 100 Dining Rates .............................................................................................................................................. 104 Athletic Event Ticket Prices ....................................................................................................................... 105 Parking Permit Rates ................................................................................................................................. 106 Student Fees .............................................................................................................................................. 107 CAPITAL BUDGET ....................................................................................................................................................... 158 GLOSSARY ................................................................................................................................................................ 169 President’sBudget Budget at a Glance Message UNIVERSITYJUNE OF17, 2021KENTUCKY University of Kentucky President Eli Capilouto, October 2019 MEMBERS OF THE BOARD OF TRUSTEES, and exciting ways to redefine and expand upon what it saving vaccines — injections of healing and hope — FACULTY, STAFF, STUDENTS, ALUMNI AND means to be Kentucky’s university in the months and have been provided to our community and to people FRIENDS OF THE UNIVERSITY OF KENTUCKY: years ahead. throughout the Commonwealth. At a makeshift clinic constructed at Kroger Field, we vaccinated health The institution’s budget for FY 2021-22 underscores Emerging from a year unlike any other in our history, care providers, teachers and school employees, first that commitment — to our state, to the people on we remain firmly focused on the mission we were responders and those with underlying health conditions our campus who make our work possible and to the created for: with precision, speed, care and efficiency. students who place their trust in us and in whom we Advancing Kentucky. are counting on to make a brighter future possible for The endeavor represented what we so distinctively This past year, we were challenged, in new and Kentucky. bring to our state — the power of partnership. Across disciplines and departments, health care workers, daunting ways, to continue meeting our obligations. I have hope — and remain so optimistic -- because I emergency operations officials and police officers, I am deeply proud to say that your university — the have seen firsthand what we can do. University of, for and with Kentucky — met the moment athletics personnel, and students, faculty and and we are now poised to do even more. Consider but one example among countless of what employees volunteered to construct and staff a clinic. we have done this past year together. It is that record of service and commitment that gives Our vaccination efforts were, perhaps, the most me such confidence and hope that we will find new As of this date, more than 250,000 doses of life- visible example among so many of what this university Page 1 What more is possible? Indeed, it is the question we seek to answer through the priorities and investments in the following 2019-20 Operating and Capital Budget. The University’s $4.2 billion proposal includes recommendations for: • Eliminating the tuition differential between upper-division and lower-division undergraduate students, which, for approximately 30 percent (more than 6,500) of our students, lowers tuition by $30 per semester. • Increasing tuition by 2.4 percent for other undergraduates from Kentucky, which combined with the increase this past year of 2.5 percent, represents the lowest successive increases in more than 30 years. • Establishing an undergraduate online learning rate for UK’s expanded online programs. • Creating a 2 percent merit pool for UK employees. It’s the seventh year in a row of pay increases to recruit, retain, and reward our outstanding faculty and staff who inspire, discover, and heal each and every day. • Investing $146 million in financial aid – nearly tripling the amount of aid students do not have to repay since Fiscal Year (FY) 2009-10. In fall 2018, nearly 90 percent of Kentucky undergraduates received financial aid or scholarships. For these students, out-of-pocket expenses for tuition and mandatory fees in fall 2018, decreased by approximately $150 per semester compared to the previous year. President’sBudget