Winter Meeting of the Board of Trustees - Feb. 25, 2021

2021 - Winter Meeting of the Board of Trustees - Agenda

THE UNIVERSITY OF TENNESSEEBOARD OF TRUSTEES

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2021 WINTER MEETING OF THE BOARD OF TRUSTEES

Thursday, February 25, 20213:30 p.m. (EST)/2:30 p.m. (CST) Virtual/Knoxville

AGENDA

I. Call to Order and Invocation

II. Roll Call

III. Welcome and Opening Remarks of the Chair

IV. Requests to Address the Board [if any not heard in a committee]

V. President’s Update

VI. Legislative Update

VII. Proposed Update of the Mission Statements ................................................................................. Tab 1

A. Mission Statement for The University of Tennessee —Action/Roll-Call Vote ............... Tab 1.1

B. Mission Statement for UT System Administration—Action/Roll-Call Vote................... Tab 1.2

VIII. UT Values—Discussion .................................................................................................................... Tab 2

IX. Proposed 2021 Goals and Objectives —Discussion ..................................................................... Tab 3

X. Committee Reports:

A. Report and Recommendations of the Finance and Administration Committee

1. Revised FY 2020-21 Operating Budget—Action/Roll-Call Vote .............................. Tab 4.1.1

2. FY 2021-22 Tuition and Fees for UT Health Science Center—Action/Roll-Call Vote ..................................................................................................... Tab 4.1.2

B. Report of the Audit and Compliance Committee

C. Report of the Education, Research, and Service Committee

XI. Presentation: Campus Safety (Clery Act Compliance Update).................................................. Tab 5

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2021 - Winter Meeting of the Board of Trustees - Agenda

THE UNIVERSITY OF TENNESSEEBOARD OF TRUSTEES

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Note concerning items XII.C and XII.D: The Bylaws of the Board provide that any item unanimously approved by a committee that is meeting in conjunction with a meeting of the Board will be placed on the consent agenda of the Board meeting. Therefore, if any item listed under XII.C or XII.D is not unanimously approved in committee, the item will be moved to the regular agenda of the Board. Further, any Trustee may request that an item on the consent agenda be moved to the regular agenda even if unanimously approved in committee.

XII. Consent Agenda—Action/Roll Call Vote ...................................................................................... Tab 6

A. Minutes of the Prior Meetings................................................................................................. Tab 6.1

B. Delegation Authority for Rulemaking Hearings ................................................................. Tab 6.2

C. Items from the Education, Research, and Service Committee ........................................... Tab 6.3

1. New Academic Unit, Occupational Therapy, UTC2. New Academic Unit, Physician Assistant Studies, UTHSC3. New Academic Unit, Psychology, UTM4. Academic Program Modification, Bachelor of Science degree in Communication, UTC5. Grant of Tenure upon Initial Appointment, UTK6. New Academic Program, Bachelor of Science degree in Geographic Information

Science and Technology, UTK

D. Items from the Finance and Administration Committee .................................................... Tab 6.4

1. Parental Leave Policy2. Naming of JTV Center for Applied Business Analytics3. Re-Naming of Orange Hall in honor of Rita Sanders Geier4. Re-Naming of White Hall in honor of Theotis Robinson, Jr.4. Long-term Ground Lease Amendment for a Private Commercial-Retail Development

(UTHSC)5. Transfer of Property at Research and Education Center – Blount Unit (UTIA)

XIII. Other Business

[Note: Under the Bylaws of the Board, items not appearing on the agenda may be considered only upon an affirmative vote representing a majority of the total voting membership of the Board. Other business necessary to come before the Board at this meeting should be brought to the Board Secretary’s attention before the meeting.]

XIV. Closing Remarks

XV. Adjournment

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2021 - Winter Meeting of the Board of Trustees - VII. Proposed Update of the Mission Statements

AGENDA ITEM SUMMARY

Meeting Date: February 25, 2021

Item: Proposed Update of the Mission Statements

Type: Action

Presenter: Randy Boyd, President

Background

Among the powers and responsibilities of the Board of Trustees is the approval of a mission statement for the system and each campus and institute. (See Bylaws, Appendix A, Paragraph 14, https://trustees.tennessee.edu/bylaws/)

The mission statements for (i) The University of Tennessee (UT System) and (ii) the UT System Administration were each last approved by the Board of Trustees in June 2012, in conjunction with the approval of the UT System strategic plan at such time.

The existing mission statements have been recently reviewed, and updated versions are being presented for consideration by the Board of Trustees. The existing and proposed mission statements for the UT System and the UT System Administration follow this summary.

Board Action

The Board Chair will call for a motion to approve each updated mission statement as presented in the meeting materials.

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https://trustees.tennessee.edu/bylaws/


Mission StatementThe University of Tennessee

(UT System)

Current Version

The University of Tennessee System, through its multiple campuses and institutes, serves the people of Tennessee and beyond through the discovery, communication and application of knowledge. The System is committed to providing undergraduate, graduate and professional education programs in a diverse learning environment that prepares students to be leaders in a global society. The UT System’s delivery of education, discovery, outreach and public service contributes to the economic, social and environmental well-being of all Tennesseans.

Proposed Version

Serving all Tennesseans through education, discovery and outreach that enables strong economic, social and environmental well-being.

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Mission StatementUT System Administration

Current Version

The mission of the University of Tennessee System Administration is to advance the educational, discovery, creative and outreach programs of the campuses and institutes through leadership that removes obstacles, understands needs, provides advocacy, secures resources, promotes accountability, fosters diversity, promotes innovation, coordinates campus efforts, and delivers efficient and effective central services.

Proposed Version

To support and serve the campuses and institutes through:

∑ Advocacy∑ Collaboration and Connectivity∑ Efficiency and Effectiveness∑ Stewardship and Oversight

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2021 - Winter Meeting of the Board of Trustees - VIII. UT Values - Discussion

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Bold and ImpactfulBServing the state by tackling grand challenges

-Think BIG

-Make a difference

-Serve with purpose

Behaviors

B E

O N E

U T

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2

Embrace DiversityEAcknowledging and respecting our individual differences and

organizational uniqueness that make us stronger

-Listen with empathy

-Expect civility and collegiality

-Model inclusive behaviors

Behaviors

B E

O N E

U T

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Optimistic and VisionaryOEmpowering courageous leadership

-Find the positive

-Inspire others

-Lead by example

Behaviors

B E

O N E

U T

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Nimble and InnovativeN

B E

O N E

U T

Inspiring creative and transformational action

-Try new things and keep what works

-Embrace change

-Remove barriers

Behaviors

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Excel in All We DoE

B E

O N E

U T

Committing to continuous improvement and outstanding performance

-Set high standards

-Pursue learning and growth

-Recognize and celebrate quality

Behaviors

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United and ConnectedU

B E

O N E

U T

Collaborating internally and externally for greater collective impact

-Be a team player

-See yourself as part of the larger purpose

-Share experience and knowledge

Behaviors

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Transparent and TrustedT

B E

O N E

U T

Fostering integrity through openness, accountability and stewardship

-Believe in the good intentions of others

-Be honest

-Proactively communicate

Behaviors

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old and Impactful

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imble and Innovative

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University of Tennessee

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2021 OBJECTIVES

ENHANCING EDUCATIONAL EXCELLENCE 3

OBJECTIVE: CREATE ACQUISITION STRATEGY

OBJECTIVE: COMPLETE MARTIN METHODIST COLLEGE (MMC) ACQUISITION

As part of our mission to provide afordable and accessible access to higher education, the University of Tennessee System will identify geographic locations in need of access to public higher education or other gaps in our oferings. In 2021, we will develop a long-term acquisition strategy, along with cultivating a pipeline for opportunities in the future.

The University of Tennessee System strives to provide afordable and accessible higher education to all Tennesseans. While we have addressed fnancial access with initiatives like the UT Promise, we must also address geographic access. Not everyone can travel to and/or aford to be a resident at our four campuses. Southern Middle Tennessee is a higher education desert and to better serve Tennesseans in that region, we will establish our frst new campus in over 50 years. Our frst step in expanding access is to achieve successful approval from the Tennessee General Assembly, as well as approvals from SACSCOC and UT Board of Trustees for MMC to ofcially join the UT System by July 1, 2021. Upon receiving approval for the acquisition, fully transform MMC into UT Southern (policies, onboarding, SACSCOC, enrollment growth strategies, student success improvement, training, professional development, etc.). In addition, we will develop a new brand identity for UT Southern to ensure consistency with the UT brand and establish a toolkit that will successfully implement the brand.

OBJECTIVE: INCREASE Consistent with our goal to provide high-quality, public education to the ENROLLMENT residents of Tennessee, and in support of the Drive to 55, we aspire to increase

SYSTEMWIDE BY 2% total enrollment (graduate and undergraduate) by 2% systemwide.

2 | University of Tennessee 2021 Objectives

ENHANCING EDUCATIONAL EXCELLENCE

OBJECTIVE: DOUBLE UT PROMISE APPLICANTS AND PARTICIPANTS AND INCREASE RETENTION 10%

OBJECTIVE: LAUNCH UT ONLINE

OBJECTIVE: INCREASE SYSTEMWIDE RETENTION AND GRADUATION RATES BY 1%

OBJECTIVE: CREATE NEW OPPORTUNITIES FOR ADULT LEARNERS

OBJECTIVE: LAUNCH TENNESSEE DIGITAL JOBS FACTORY

Increase the number of UT Promise applicants and participants by 100%. Increase retention of UT Promise from fall to spring semester by 10% systemwide for the 2021-22 academic year. In addition, we will add $10 million to the UT Promise endowment.

In order to enhance educational opportunities for students, we will prepare, pilot and implement the UT Online Consortium across the UT System. After piloting in Fall 2021, our goal is to ofer 10 new courses through the consortium by year end and expand to 40 new courses ofered on the online platform by the end of 2022.

Convene a systemwide team to develop focused strategies around frst-, second- and third-year retention rates, as well as four-year and six-year graduation rates. As a result, our goal is to increase retention and graduation rates systemwide by a minimum of 1% for academic year 2021-22. As retention and graduation rates continue to improve systemwide, incremental increases become increasingly more difcult to achieve. Future eforts to make improvements will require signifcant coordination and intentionality.

Grow enrollment and better serve adult learners systemwide by expanding credentialing opportunities, partnering with industry and exploring cohort-based online degree oferings. Develop micro and/or stackable credentials to take advantage of areas of strength and available expertise. Our goal is to increase the percentage of adult learners systemwide by 10% during the upcoming academic year.

Develop a vision and strategy roadmap for workforce development needs and partnerships to enhance computational literacy and digital skills for UT students, alumni, faculty, and staf (e.g. re-skilling/up-skilling of existing workforce, follow-on certifcation and certifcates, and credentialing for graduates).

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EXPANDING RESEARCH CAPABILITIES 3

OBJECTIVE: REACH AN ALL-TIME HIGH IN RESEARCH EXPENDITURES

OBJECTIVE: GROW OAK RIDGE INSTITUTE AT UT

OBJECTIVE: SECURE UT’S POSITION TO SUPPORT THE Y-12/ PANTEX CONTRACT

OBJECTIVE: RECRUIT 10 HIGH TECH COMPANIES TO THE REGION

Research expenditures as reported to the National Science Foundation Higher Education Research and Development (HERD) survey have hit all-time records in each of the previous four years. Working with each of the campus Vice Chancellors for Research, we will develop ways to continue to support faculty engaged in research and expand proposals submitted, diversify the funding agencies, and support seed investments to strengthen our research enterprise system-wide.

Facilitate growth of research expenditures systemwide and develop top graduate talent by supporting the full launch of the Oak Ridge Institute at UT. In FY21, the goals of ORI at UT will be to:

• Recruit and hire a permanent, full-time executive director, two student recruiters, and complete the leadership team;

• Secure at least $10M in additional funding from the state or other extramural sources;

• Recruit two senior level joint faculty hires in the area of data science to help lead and grow new joint programs;

• Recruit an exceptionally well qualifed 2021 cohort of students for the three joint graduate programs;

• Seed and facilitate the submission of UT-ORNL teams to submit at least two center-type proposals (at least $5M each) at UT campuses.

Actively engage with Texas A&M University System to develop an efective workforce development plan for Y-12 and Pantex to support the M&O contracting team. The UT System will engage all UT campuses and at least two two-year community colleges in Tennessee in the efort.

Launch the regional TechStars Accelerator in partnership with ORNL and TVA resulting in the recruitment of at least ten new high potential companies to the region this year. Engage the full entrepreneurial support community to help close the gaps identifed by the 2020 assessment and recruit 100+ mentors to support the companies and their founders. In addition, UTRF will help launch at least fve additional startups focused on the commercialization of UT technologies and help support the more than 40 active UTRF technology-based startups in the state.


EXPANDING RESEARCH CAPABILITIES

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OBJECTIVE: LAND TWO NEW PROJECTS FOR UT RESEARCH PARK AT CHEROKEE FARM

OBJECTIVE: CREATE TWO NEW PARTNERSHIPS THROUGH UTRF

Support regional economic development and partnerships by executing at least two new building projects that result in at least 50,000 square feet of new space and at least 200 new jobs at the UT Research Park at Cherokee Farm. Cherokee Farm Development Corporation will also seek extramural funding to help support and grow the Spark Innovation Center and develop a strategy to take advantage of and market the Opportunity Zone status of the park.

To serve the state’s widespread needs for research commercialization and entrepreneurship, the UT Research Foundation will explore partnership agreements with at least two other institutions in Tennessee to help support their technology transfer and commercialization needs.


FOSTERING OUTREACH AND ENGAGEMENT 3

OBJECTIVE: ALIGN WORK OF THE SUBSTANCE MISUSE AND ADDICTION RESOURCE FOR TENNESSEE (SMART) POLICY NETWORK TO MEET STATE NEEDS

OBJECTIVE: PRODUCE $250 MILLION ECONOMIC IMPACT FOR THE STATE IN MANUFACTURING

OBJECTIVE: TRAIN 400 POLICE AGENCIES IN CULTURAL COMPETENCY

OBJECTIVE: GROW PARTICIPATION IN ELECTED OFFICIALS ACADEMY BY 15%

OBJECTIVE: DEVELOP 5 NEW PARTNERSHIP OPPORTUNITIES FOR UT WITH STATE GOVERNMENT

Unquestionably opioid addiction is one of the greatest threats facing our state today. In 2021, we will execute a strategy to increase awareness of SMART resources to every member of the state legislature and statewide local ofcials. In addition, the group will develop four policy briefs in the areas of criminal justice reform and telehealth to align with the state’s goals.

Through the Center for Industrial Service (CIS), UT will provide technical assistance and training to 200 manufacturers across Tennessee, producing $250 million in economic impact, including increased sales, improved efciency, capital investment, and new and retained jobs. In addition, CIS will provide counseling to 500 small businesses in government contracting, helping them secure $1 billion in new contracts and increasing jobs.

The Law Enforcement Innovation Center (LEIC) will launch the Cultural Competency in Policing program with UT police departments this spring. Each University police ofcer within the system will receive the training this year. The program will also be ofered to law enforcement ofcers throughout the state. Approximately 400 police agencies will be ofered this training courtesy of the University of Tennessee.

In 2021, the Municipal Technical Advisory Service will introduce and ofer to municipally elected ofcials a revamped and improved Elected Ofcials Academy. This will be developed as an online and participatory educational session available to the over 2,000 municipally elected ofcials in the states’ 345 cities and towns. Given the online opportunity and recent elections, we will increase participation by 15 % than after the last major election cycle of 2018.

Part of our mission is to serve the state. We will identify and pursue fve new partnerships with state agencies in 2021 to align UT expertise with state interests and address grand challenges.


ENSURING WORKFORCE AND ADMINISTRATIVE EXCELLENCE

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OBJECTIVE: COMPLETE PHASE I OF ENTERPRISE RESOURCE PLANNING (ERP)

OBJECTIVE: MEASURE PROGRESS IN DIVERSITY AND INCLUSION

OBJECTIVE: LEADERSHIP TRAINING

OBJECTIVE: COMPLETE UTK, UTC AND UT SYSTEM STRATEGIC PLANS

OBJECTIVE: LAUNCH UT POLICY CENTRAL

OBJECTIVE: CREATE BOARD RESOURCE SITE

Phase I of implementing a new ERP system is aligning business processes, establishing data governance, and the change management plan to facilitate selection of the next ERP software in CY21. Streamline and standardize administrative processes to reduce the implementation time and cost of the ERP implementation. Additionally, serve as the statewide leader in ERP planning and implementation for higher education.

Establish and annually monitor and report accountability measures for University of Tennessee inclusion, diversity and engagement (UTIDE) for faculty, staf and student under-represented groups (ex. recruitment, retention, and graduation rates as compared to the non-minority populations).

Create a UT Executive Leadership Certifcation Master Class plan by 2022 to develop higher education and private-sector leadership, practices, mentorship, and best in class strategies for success. This Master Class would provide participants with real-world business challenges and utilize current and past leaders’ expertise to bridge the gap between theory and practice in addressing the challenges.

Complete new strategic plans for the UT System, UT Chattanooga and UT Knoxville. All plans will be will be aligned and presented for approval at the June 2021 Board meetings.

Improve and streamline the policymaking process, developing and launching a new policy-specifc website, and ofering new employee trainings on key policies. The goal is to roll out the new website and policy templates in the frst quarter of 2021, with employee trainings to begin later in the year.

In collaboration with the Board Secretary, develop educational materials (written briefs and/or video modules) pertaining to federal and state laws applicable to higher education. Topics under consideration include Title IX/ Clery Act, First Amendment/free speech on campus, foreign infuence/export control regulations, and new/revised legislation on emerging topics (e.g., name/ image/likeness in intercollegiate athletics). The goal is to create materials for 3-4 important topics in 2021. The training materials will also be available on Transparent UT.


ADVOCATING FOR UT

OBJECTIVE: INCREASE PRIVATE GIFTS AND EXPAND DONOR ENGAGEMENT

OBJECTIVE: ACHIEVE STATE FUNDING SUCCESS

OBJECTIVE: DEVELOP 3 NEW POLICY INITIATIVES THAT ADDRESS GRAND CHALLENGES

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While the UT Foundation has experienced record-breaking numbers in recent years, the pandemic certainly had an impact on results in 2020. As the foundation prepared for 2021, the challenge has been to establish goals that are aggressive as well as realistic given the many factors at play. Based upon these parameters, UTFI has set a primary goal of raising $176 million in private support, with a secondary, or “stretch” goal of $208 million. In addition, the primary goal for donors is 60,540, with a stretch goal of 67,312.

Realize 100% success in all funding requests, including $5.1 million in recurring funds for UTHSC, $2.3 million for UTIA for Extension agents, $10 million for ORI and $5.1 million for the Martin Methodist College acquisition and path forward. Additionally, successfully achieve funding for ranked capital projects, such as the nursing renovation and addition at UT Knoxville, the Innovation and Product Realization Facility at UT Martin and the Nash Buildout at UTHSC.

From access to higher education, to workforce development, to mental health, to opioid abuse and beyond – develop opportunities for UT to lead in creating policy initiatives that tackle grand challenges facing our state and nation.

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OBJECTIVE: EXPAND AND ALIGN UT BRAND ACROSS THE STATE

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In 2021, we will build on the work done in 2020 to create brand consistency and identify opportunities to further leverage the brand and amplify the stories of the collective impact of UT across the state.

• While each campus and institute has its own voice and strategic communications priorities, there is a unique opportunity to quantify and promote the System’s collective impact and unify the brand to raise awareness for all UT components. The team will create a plan for 2021 and work with campus and institute communicators to fnd additional opportunities to amplify messages that reinforce “Everywhere You Look, UT.” Add 12 additional murals in strategic locations across the state, with the ultimate goal of having a mural in all 95 counties by 2030.

• Expand Our Tennessee magazine (formerly Tennessee Alumnus) to four times a year to increase awareness of impact and connectivity across the UT System.


ADVOCATING FOR UT

OBJECTIVE: INCREASED FUNDRAISING

OBJECTIVE: EXECUTE AFFILIATION AGREEMENTS FOR UTHSC

Work to increase fundraising at campuses and institutes, particularly the UT Martin campus with cumulative giving reaching $97 million.

Successfully negotiate and fnalize key afliations with the University’s medical education partners in Memphis and Knoxville. Goal is to fnalize afliation agreements by the end of the current fscal year (June 30, 2021).

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2021 - Winter Meeting of the Board of Trustees - X. Committee Reports

AGENDA ITEM SUMMARY


Item: Revised FY 2020-21 Operating Budget

Type: Action

Presenter: Bill Rhodes, Chair of the Finance and Administration Committee

Background Information

The University develops a revised operating budget proposal each fiscal year to adjust for changes that occur after the original budget is adopted in June. The primary revisions made each year include updating beginning net asset balances to reflect actual rather than projected beginning balances; state appropriations adjustments made by the state Department of Finance and Administration; and mid-year adjustments to enrollment projections, operating plans, organizational structure, revenue projections, and fixed costs.

The revised Unrestricted Educational and General (E&G) Operating Budget is in the amount of $1,551,400,349, an increase of 1.1% over the original budget, and the revised Unrestricted Auxiliary Operating Budget amount of $208,552,002 is a 20.6% decrease of $ 53,974,725 from the original budget.

UnitUnrestricted

E&GUnrestricted

Auxiliary Restricted Total

Chattanooga 183,414,534 21,063,659 66,549,056 271,027,249Knoxville 765,527,083 174,444,872 264,408,050 1,204,380,005Martin 102,286,081 10,124,296 36,095,783 148,506,160Health Science Center 289,048,760 2,919,175 311,941,234 603,909,169Institute of Agriculture 154,326,412 50,670,994 204,997,406Institute for Public Service 26,378,832 5,931,012 32,309,844System Administration 30,418,647 1,850,000 32,268,647Total 1,551,400,349 208,552,002 737,446,129 2,497,398,480

The revised FY 2020-21 Operating Budget was presented to the Finance and Administration Committee for its consideration and is being recommended to the Board of Trustees for approval. More detailed information on the revised operating budget follows this summary.

Board Action

The Chair will call for a motion to adopt the attached Resolution approving the Revised FY 2020-21 Operating Budget.

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(*) Number will be inserted after adoption.

The University of Tennessee Board of Trustees

Resolution ___-2021*Resolution to Approve the

FY 2020-21 Revised Operating Budget

WHEREAS, by state law, the Board of Trustees must approve an annual operating budget for the University; and

WHEREAS, the Board approved the FY 2020-21 operating budget on June 26, 2020; and

WHEREAS, the operating budget must be revised during the year to update revenue and expenditure projections for the remainder of the fiscal year, taking into consideration final fall enrollments (which are estimated when the original budget is prepared), the impact of the prior year’s activities carried forward into the current year, and adjustments in state appropriations occurring since the budget was approved on June 26, 2020; and

WHEREAS, the FY 2020-21 Revised Operating Budget includes adjustments allocating revisions to budgeted revenues and carry forward of unexpended non-recurring funds from FY 2019-20; and

WHEREAS, further adjustments may be required if material changes in revenues or expenditures arise during the remainder of FY 2020-21; and

WHEREAS, the FY 2020-21 Revised Budgets for Unrestricted Education and General (E&G) and Auxiliary Enterprises are balanced, and within available resources and comply with all applicable policies and guidelines;

NOW, THEREFORE, BE IT RESOLVED:

1. The FY 2020-21 Revised Unrestricted, Educational and General Operating Budget in the amount of $1,551,400,349 and the Revised Unrestricted Auxiliary Operating Budget in the amount of $208,552,002 are hereby approved. A copy of the Revised Budget Document for FY 2020-21 is attached hereto.

2. If material changes in revenues or expenditures arise during the remainder of FY 2020-21, the University administration is hereby authorized to modify budgets accordingly so expenditures will not exceed available resources and sufficient net assets will be available as of June 30, 2021 to meet outstanding commitments, satisfy liquidity requirements, fund activities deferred to the following fiscal year, and provide a reasonable reserve for contingencies for the beginning of FY 2021-22.

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Revised Budget

Document FY 2020-21

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THE UNIVERSITY of TENNESSEE

Chattanooga

Knoxville Knoxville

Space Institute

Martin

Health Science Center

Institute of Agriculture AgResearch Extension

College of Veterinary Medicine

Institute for Public Service Institute for Public Service

Municipal Technical Advisory Service County Technical Assistance Service

Tennessee Language Center

System Administration

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FY2020-21 REVISED BUDGET

THE UNIVERSITY OF TENNESSEE

Contents

MESSAGE FROM THE CFO A-2

OVERVIEW A-3

UNRESTRICTED E&G REVENUES A-4

UNRESTRICTED E&G EXPENDITURES A-5

AUXILIARY ENTERPRISES A-7

RESTRICTED FUNDS A-8

UNRESTRICTED NET ASSETS A-9

SUPPORTING BUDGET SCHEDULES B-1

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Message from the CFO

The FY 2020-21 revised operating budget reflects operating plans and financial projections as of October 31, 2020. The University develops a revised budget each fiscal year to adjust for the following changes that occur after the original budget is adopted in June: 1. The university’s original budget is

developed before the end of the previousfiscal year and uses budgeted net assets asthe starting point. The revised budget usesactual net assets as the starting point. Inmost years, this change in net assets is offsetby an increase to non-recurring expenditurebudgets.

2. State appropriations are adjusted inSeptember, requiring minor adjustments inmost years.

3. Other adjustments may be needed if thereare material changes to operating plans,organizational structure, revenueprojections, or fixed costs.

In most years, there are few if any material changes in the university’s revised budget. This year is an exception. The operating budget adopted on June 25, 2020 was developed cautiously. We assumed a return to relatively normal campus operations, but each campus and institute developed contingency plans to be prepared in case the pandemic continued.

As the fall semester approached, chancellors and staff adjusted instruction and operations in response to ongoing health concerns. Hundreds of courses continue to be delivered online, many faculty and staff are working from home, and attendance at campus and athletic events is carefully controlled.

The most significant fiscal impact has been felt by the university’s self-funded auxiliary enterprises: housing, dining, bookstores,

parking, and UTK athletics. Auxiliary revenue budgets are reduced by $54 million (21%). This is offset by temporary spending reductions and drawing upon reserves.

The financial outlook for core educational and general (E&G) operations is stable and, in some cases, better than expected. • UT experienced a 1.9% uptick in

enrollments, primarily at UTK. Tuitionand fee revenue budgets were adjusted upby $16.8 million. Most of these fundswere allocated to scholarships and studentservices.

• The other major funding source for E&Goperations, state appropriations, hasremained steady. Better than expectedsales tax revenues helped the state avoidmid-year funding reductions.

• Some expenditures dropped as a result ofthe pandemic (travel, seminars, specialevents), helping offset costs in other areas.

• Federal and state COVID-relief grants arehelping to offset some of the costs of UT’sCOVID response and wider deploymentof online instruction, as well as providingdirect financial assistance to manystudents.

Revenue and expenditure data for each operating unit is provided in this budget document. Also included is information on athletics and auxiliary budgets. A separate publication containing detailed supporting schedules is available in electronic format.

Respectfully,

David L. Miller Chief Financial Officer

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Overview

The University of Tennessee FY 2020-21 revised budget revenues total $2.50 billion, down 1.2% compared to the original budget approved in June 2020. The adjustments ensure that the university’s revised expenditure and transfer budgets for FY 2020-21 remain within available resources.

Budgeted revenues from educational and general (E&G) funds, both unrestricted and restricted, were increased by $23.8 million, reflecting better than expected performance in enrollments and federal and state COVID-relief grants. These increases were offset by a $54.0 million reduction in auxiliary revenue budgets due to the continued impact of COVID on revenues generated by housing, dining contracts, parking services, and athletics. Mid-year budget revisions of this magnitude are rare. Additional adjustments may be needed before the end of the fiscal year in order to respond to the ongoing pandemic.

Operating Revenue

Fund Group FY 2020-21

Original FY 2020-21

Revised Change Unrestricted E&G $ 1,534,856,942 $ 1,551,400,349 $ 16,543,407 1.1 % Unrestricted Auxiliaries 262,526,727 208,552,002 (53,974,725) (20.6) % Subtotal: Unrestricted $ 1,797,383,669 $ 1,759,952,351 $ (37,431,318) (2.1) % Restricted Funds 730,199,754 737,446,129 7,246,375 1.0 % Total Operating Revenues $ 2,527,583,423 $ 2,497,398,480 $ (30,184,943) (1.2) %

Unrestricted education and general funds (unrestricted E&G) support the core operations of the university: instruction, research, public service, academic support, student services, institutional support, facilities operations and maintenance, and scholarships and fellowships. They are funded primarily through tuition and student fees, state appropriations, and other sources (including grants and contracts, federal and local appropriations, sales and services, and investment income).

Auxiliaries are self-supporting enterprises which furnish services to students, faculty, and staff such as housing, bookstores, food services and UTK athletics. They complement the core operations of each campus and are a vital component in student life and campus culture.

Restricted funds must be used in accordance with purposes established by an external party; primarily grants, contracts, gifts and endowments. These are the major revenue sources for research, scholarships, and fellowships.

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Unrestricted E&G Revenues

Unrestricted E&G Revenue

Revenue Source FY 2020-21

Original FY 2020-21

Revised Change Tuition & Fees $737,846,711 $754,681,310 $ 16,834,599 2.3 % State Appropriations 630,641,552 631,093,152 451,600 0.1 % Other Revenues 166,368,679 165,625,887 (742,792) (0.4) % Total $ 1,534,856,942 $ 1,551,400,349 $ 16,543,407 1.1 %

FY 2020-21 revised budget unrestricted E&G revenues increased by $16.5 million due to a 2.3% increase in budgeted tuition and fee revenues. There were no significant changes to expected revenues from state appropriations and other unrestricted E&G funding sources.

Tuition and Fee Revenues

Fee Type FY 2020-21

Original FY 2020-21

Revised Change Maintenance Fees $ 520,698,938 $ 530,550,638 $ 9,851,700 1.9 % Non-Resident Tuition 77,171,946 86,736,466 9,564,520 12.4 % Program and Service Fees 77,620,729 77,620,729 - - Other Student Fees 56,347,845 54,021,148 (2,326,697) (4.1) % Non-Credit Program Fees 6,007,253 5,752,329 (254,924) (4.2) % Total Tuition $ 737,846,711 $ 754,681,310 $ 16,834,599 2.3 %

The budget adopted in June reflected a cautious posture with respect to fall enrollments. Fortunately, UT did not suffer the declines seen at many other universities. Knoxville and Chattanooga experienced gains while enrollment dipped at Martin and the Health Science Center. System wide head count enrollment increased by 1.9%, which is reflected in increased maintenance fee revenue budgets. (Maintenance fees are commonly referred to as in-state tuition.)

Non-resident tuition is a differential paid by out-of-state students in addition to the maintenance fee. The 12.4% increase includes two adjustments. Fall 2020 out-of-state enrollments exceeded the expectations from last June. More significant was a structural adjustment to recognize strong out-of-state growth over the last several years (up 41% since fall 2016) that had not yet been incorporated into previous recurring revenue budgets.

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Unrestricted E&G Revenues (continued)

Student programs and services fees (SPSF) are mandatory fees paid by all students for student activities, health services, debt service, capital improvements, student counseling, and similar programs. Actual year-to-date SPSF revenues are tracking close to the original budget. Other student fees include lab fees, course fees, and differential tuition. Most of the 4.1% drop is a result of UTC’s decision to not assess its online access fee to many students who would normally pay it during 2020-21. This will be offset by reserves. Non-credit program fee revenues are generated by personal and professional development courses provided to the public. Many of these courses have been canceled due to the pandemic.

Unrestricted E&G Expenditures

Recurring Unrestricted E&G Expenditure Budgets by Function

Functional Area FY 2020-21

Original FY 2020-21

Revised Change Instruction $ 566,624,958 $ 567,397,609 $ 772,651 0.1 % Research 130,090,400 131,598,388 1,507,988 1.2 % Public Service 83,123,609 83,569,501 445,892 0.5 % Academic Support 180,553,872 181,495,594 941,722 0.5 % Student Services 100,800,163 104,318,982 3,518,819 3.5 % Institutional Support 172,380,198 174,170,068 1,789,870 1.0 % Operation/Maint. of Plant 157,000,671 157,676,700 676,029 0.4 % Scholarships and Fellowships 133,047,193 142,952,452 9,905,259 7.4 % Total E&G Expenditures $1,523,621,064 $ 1,543,179,294 $ 19,558,230 1.3 % Transfers 8,049,695 8,681,592 631,897 7.8 % Expenditures & Transfers $1,531,670,759 $ 1,551,860,886 $ 20,190,127 1.3 %

Mid-year revisions to recurring expenditure budgets are typically minor, but there are some material adjustments this year. Improved expectations for tuition and fee revenues were offset by fairly large increases in two functional area budgets. Most of the revenue increase was allocated to student financial aid (scholarships & fellowships), followed by a relatively large mid-year increase to student services budgets. Both adjustments are consistent with stronger than expected enrollments.

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Unrestricted E&G Expenditures (continued)

Unrestricted E&G Expenditures by Function Recurring and Non-Recurring Budgets Combined

Functional Area FY 2020-21

Original FY 2020-21

Revised Change Amount

Change %

Instruction $ 570,308,488 $ 594,259,973 $ 23,951,485 4.2 % Research 131,117,132 176,348,978 45,231,846 34.5 % Public Service 83,717,359 87,327,025 3,609,666 4.3 % Academic Support 180,940,067 194,097,734 13,157,667 7.3 % Student Services 100,825,163 107,966,320 7,141,157 7.1 % Institutional Support 176,036,643 181,359,871 5,323,228 3.0 % Operation/Maint. of Plant 155,367,360 156,497,015 1,129,655 0.7 % Scholarships and Fellowships 138,694,663 148,858,230 10,163,567 7.3 % Total E&G Expenditures $1,537,006,875 $1,646,715,146 $ 109,708,271 7.1 % Transfers (3,698,766) (96,696,845) (92,998,079) (2,414)% Expenditures & Transfers $1,533,308,109 $1,550,018,301 $ 16,710,192 1.1 %

Total budgeted expenditures (recurring and non-recurring) increased $109.7 million (7.1%). This includes the $19.6 million increase in recurring expenditure budgets discussed on the previous page plus a $90.1 million increase in non-recurring expenditure budgets. Most of the increase is offset by budgeted transfers from non-recurring renewal and replacement fund balances. The large increase in research is typical since a good portion of these funds come from non-recurring facilities and administration recoveries generated in previous years by research grants and contracts.

The non-recurring budget increases were allocated through campus and institute budgeting procedures to non-recurring projects and programs such as facility maintenance, equipment replacements, faculty start-up packages, bridge funding for research operations, lab upgrades, faculty incentives, campus improvements, energy conservation projects, and information technology infrastructure. Unused non-recurring funds will be carried forward to FY 2021-22 for use on similar non-recurring projects and improvements in the future.

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Auxiliary Enterprises

Auxiliary enterprises complement core campus operations by furnishing services to students, faculty, and staff. Each auxiliary enterprise is self-funded through sales, fees, commissions, and private gifts. These stand-alone operations include housing, food services, bookstores, and parking services. It also includes UT Knoxville athletics since it is a self-supporting operation. (The athletic programs at Chattanooga and Martin are included in unrestricted E&G funds.)

The original revenue budgets approved last June were based on assumptions of steady enrollments and normal campus operations. While enrollments exceeded expectations, continuing concerns over the pandemic significantly curtailed normal auxiliary operations. Most faculty, staff, and students shifted to working remotely much of the time. Some have been working remotely all of the time. With far fewer people on campus, the demand for housing, dining, parking, and supplies dropped significantly. UTK athletics made a large adjustment to revenue budgets once it became clear that football and basketball ticket revenue would be far below normal levels.

The revenue declines are being managed through expense reductions and reserves. Some spending reductions were the result of intentional cost controls and deferred spending, some were the result of COVID-related drops in expenses such as travel and special events.

Auxiliary Revenues Revenues by Enterprise

FY 2020-21 Original

FY 2020-21 Revised Change

Housing $ 79,421,689 $ 73,017,334 $ (6,404,355) (8) %Bookstores 23,210,352 20,039,346 (3,171,006) (14) %

Parking 15,597,149 13,861,896 (1,735,253) (11) %

Food Services 13,027,003 10,756,278 (2,270,725) (17) %

Other 3,007,749 1,557,749 (1,450,000) (48) % Subtotal $ 134,263,942 $ 119,232,603 $ (15,031,339) (11) %UTK Athletics 128,262,785 89,319,399 (38,943,386) (30) % Total Auxiliary Revenues $ 262,526,727 $ 208,552,002 $ (53,974,725) (21) %

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Restricted Funds

Many of the budget tables and schedules in this document include information on restricted fund budgets. This information is not part of the proposed Board resolution. It is presented for information purposes to provide a complete picture of funds available for current operations in 2020-21.

Restricted funds must be used for purposes established by an external party and in accordance with the contractual terms and conditions negotiated with the sponsor of each grant and contract and the administrative provisions set by donors for each gift fund and endowment. They are the largest revenue sources for research and financial aid and play an important role in funding the university’s public service initiatives.

Externally funded projects in research, public service, and instruction are vital components of the university’s core mission. Funding from the federal government, State of Tennessee, gifts, and endowments provide scholarships and fellowships that significantly improve student access and affordability.

Restricted Fund Revenues and Expenses

Sources & Uses FY 2020-21

Original FY 2020-21

Revised Change Grants & Contracts $ 633,874,650 $ 642,722,830 $ 8,848,180 1.4% Gifts & Endowments 79,787,754 78,160,019 (1,627,770) -2.0%Other 16,537,315 16,563,208 25,965 0.2% Restricted Revenues $ 730,199,754 $ 737,446,129 $ 7,246,375 1.0% Instruction $ 216,223,572 $ 217,824,695 $ 1,601,123 0.7% Research 200,551,683 196,344,823 (4,206,860) -2.1%Scholarships & Fellowships 185,354,605 193,963,087 8,608,482 4.6% Public Service 73,361,135 73,502,805 141,670 0.2% Academic Support 49,266,125 47,064,254 (2,201,871) -4.5%Other Expenses 5,396,449 8,746,465 3,350,016 62% Restricted Expenses $ 730,153,569 $ 737,446,129 $ 7,292,560 1.0%

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Unrestricted Net Assets

The university maintains sufficient levels of unrestricted net assets to comply with state regulations on working capital, properly account for revolving funds, and meet contractual obligations and operational plans for the next year. The revised budget results in fund balances of $133.5 million as of June 30, including $114.6 million for E&G operations and $19.0 million for auxiliaries.

Unrestricted Current Fund Net Assets Budgeted for June 30, 2021

Fund Balances E&G Auxiliary Total Working Capital $ 20,308,129 $ 7,974,068 $ 28,282,205 Revolving Funds 17,194,658 1,714,725 18,909,383 Encumbrances 3,153,752 3,153,752 Reappropriations 13,104,034 13,104,034 Unallocated Reserve* 60,802,652 9,275,361 70,078,013 Total Net Assets $ 114,563,225 $ 18,964,154 $ 133,527,379

*Unallocated Reserve as % of TotalExpenses & Transfers 3.92% 4.45% 3.99%

Unallocated reserves are contingency funds used to respond to fluctuations in revenues and expenditures. The unallocated reserve for E&G operations is limited to 2% to 5% of total expenditures and transfers; the auxiliary target range is 3% to 5% of expenditures and transfers.

Working capital reserves provide sufficient liquidity to fund accounts receivable, inventories, and petty cash. These are required by state regulations and are non-expendable during the fiscal year.

Encumbrances are carried over for commitments for purchases of goods and services that were not received before the close of the fiscal year. They are fully expended during the fiscal year.

Revolving funds include fund balances tied to revenue-generating units (e.g., service centers, motor pools, conference centers, medical clinics) and university wide cost-distribution models (e.g., unemployment compensation, workers compensation liabilities, claims liabilities, etc.).

Reappropriations are funds carried forward for specific programs and initiatives. The most common example is a project that was planned for the previous fiscal year but delayed until the next fiscal year. Most reappropriations are fully expended during the current year.

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FY 2020-21 Revised Budget Schedule Description Page

Unrestricted and Restricted Current Funds – Graphical Presentation B-2

Unrestricted E&G Current Funds – Graphical Presentation B-3

Unrestricted and Restricted Current Funds, Revenues, Expenditures, and Transfers by

Unit B-4

Unrestricted Current Funds, Revenues, Expenditures, and Transfers by Unit B-5

Unrestricted Current Funds – 5 Year History B-6

Unrestricted and Restricted Current Funds – 5 Year History B-7

Unrestricted and Restricted Current Funds – Budget Summary B-8

Unrestricted Current Funds - Natural Classifications by Unit B-9

Net Asset by Unit – Unrestricted E&G and Auxiliaries Funds Combined B-10

Net Asset by Unit – Unrestricted Educational and General (E&G) Funds B-11

Net Assets by Unit – Unrestricted Auxiliary Funds B-12

State Appropriations Summary B-13

State Appropriations Five Year History B-14

Auxiliary Enterprises by Category B-15

Athletics Budget Summary (Knoxville, Chattanooga, Martin) B-16

Natural Classifications – Budget Summary B-17

Natural Classifications – Budget Summary (Recurring Budget Type Only) B-18

Revised Budget Summaries – Unrestricted Current Funds

Total University of Tennessee System (Recurring Budget Type Only) B-19

Total University of Tennessee System B-20

Chattanooga B-21

Knoxville (Includes UT Space Institute) B-22

Martin B-23

Health Science Center B-24

Institute of Agriculture B-25

Institute for Public Service B-26

System Administration B-27

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The University of TennesseeFY 2020-21 Revised Budget

Unrestricted & Restricted Current Funds

State Appropriatio

ns$647.4

26%

Grants & Contracts

$690.228%

Other$136.8

6%

Auxiliaries$208.8

8%

Sales & Services

$59.52%

Tuition & Fees

$754.730%

Revenues$2.5 b i l l ion

Instruction$812.1

32%

Research$372.7

15%Public Service$160.8

6%

Institutional Support$186.4

7%

Scholarships$342.8

12%

Student Services$111.1

4%

Academic Support$241.2

10%

Oper./Maint.$156.8

6%

Auxiliaries$200.0

8%

Expenditures$2.6 b i l l ion

Faculty 4,393

Administrative 989

Professional 3,372

Cler/Tech/Maint 5,491

TOTAL 14,246

FTE Positions (Unrestricted & Restricted)

October 31, 2020

Knoxville 30,095

Chattanooga 11,695

Martin 7,117

Health Science Center 3,188

Vet Med 381

Space Institute 83

TOTAL 52,559

Fall 2020 Headcount Enrollment

Unrestricted & Restricted Revenues

($millions)

Chattanooga $271.0

Knoxville 1,204.4

Martin 148.5

Health Science Center 603.9

Institute of Agriculture 205.0

Inst. for Public Service 32.3

System Administration 32.7

TOTAL $2,497.4

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The University of TennesseeFY 2020-21 Revised Budget

Unrestricted Current Funds

State Appropriations

$631.136%

Grants & Contracts

$47.53%

Other$58.7

3%Auxiliaries$208.6

12%

Sales & Services

$59.53%

Tuition & Fees

$754.743%

Revenues$1.76 b i l l ion

Instruction$594.3

32%

Research$176.3

10%Public Service$87.3

5%

Institutional Support$181.4

10%

Scholarships$148.9

8%

Student Services$108.0

6%

Academic Support$194.1

11%

Oper./Maint.$156.4

8%

Auxiliaries$199.8

11%

Expenditures$1.85 b i l l ion

Faculty 3,548

Administrative 930

Professional 2,604

Cler/Tech/Maint 4,661

TOTAL 11,742

FTE Positions (Unrestricted)

October 31, 2020

Knoxville 27,792

Chattanooga 10,538

Martin 5,599

Health Science Center 3,371

Vet Med 545

Space Institute 40

TOTAL 47,885

Fall 2020 FTE Enrollment

Current Fund Revenues($millions)

Chattanooga $204.5

Knoxville 940.0

Martin 112.4

Health Science Center 292.0

Institute of Agriculture 152.8

Inst. for Public Service 26.4

System Administration 30.4

TOTAL $1,760

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University of Tennessee SystemFY 2020-21 Revised Budget Summary by Unit

Unrestricted and Restricted Current Funds, Revenues, Expenditures, and Transfers

Total System Chattanooga Knoxville MartinHealth Science

CenterInstitute of Agriculture

Institute for Public Service


EDUCATIONAL AND GENERALRevenues

Tuition & Fees 754,681,310$ 118,790,610$ 472,611,737$ 62,206,062$ 88,472,873$ 12,600,028$ State Appropriations 647,372,932 61,126,506 271,374,697 35,675,180 166,293,758 92,945,287 13,815,487$ 6,142,017$ Grants & Contracts 690,221,874 58,242,427 241,350,000 31,563,400 300,896,662 50,644,326 6,275,059 1,250,000 Sales & Service 59,467,883 2,973,919 5,329,970 3,672,746 19,404,781 28,086,467 Other Sources 136,842,479 8,830,128 39,008,729 5,264,476 25,921,920 20,721,298 12,219,298 24,876,630

Total Revenues 2,288,586,478$ 249,963,590$ 1,029,675,133$ 138,381,864$ 600,989,994$ 204,997,406$ 32,309,844$ 32,268,647$

Expenditures and TransfersInstruction 812,084,668$ 86,723,401$ 293,265,064$ 47,865,352$ 344,509,703$ 39,710,416$ 2,732$ 8,000$ Research 372,693,801 10,442,011 213,517,052 326,351 79,141,115 68,585,272 682,000 Public Service 160,829,830 4,168,181 29,785,273 2,487,636 18,261,983 76,550,072 28,976,685 600,000 Academic Support 241,161,988 21,050,995 99,449,155 11,564,072 99,092,349 9,741,983 263,434 Student Services 111,117,117 28,686,014 59,885,186 14,932,381 7,613,536 Institutional Support 186,363,194 19,437,745 62,392,729 8,360,697 32,602,062 2,887,631 760,654 59,921,676 Op/Maint Physical Plant 156,829,360 19,231,039 86,622,429 11,038,851 34,098,324 3,838,717 2,000,000 Scholarships & Fellowships 342,821,317 66,405,083 219,893,479 44,231,017 11,617,357 627,543 6,838 40,000

Subtotal Expenditures 2,383,901,275$ 256,144,469$ 1,064,810,367$ 140,806,357$ 626,936,429$ 201,941,634$ 30,010,343$ 63,251,676$ Mandatory Transfers 10,443,574 3,438,000 742,769 553,053 5,579,752 130,000 Non Mandatory Transfers (107,140,419) (9,618,879) (35,878,003) (2,977,546) (31,476,187) 1,488,203 2,220,345 (30,898,352)

Total Expenditures & Transfers 2,287,204,430$ 249,963,590$ 1,029,675,133$ 138,381,864$ 601,039,994$ 203,429,837$ 32,230,688$ 32,483,324$ Fund Balance Addition/(Reduction) 1,382,048$ (50,000)$ 1,567,569$ 79,156$ (214,677)$

AUXILIARIESRevenues 208,812,002$ 21,063,659$ 174,704,872$ 10,124,296$ 2,919,175$ Expenditures and Transfers

Expenditures 200,027,350$ 14,670,128$ 176,022,112$ 6,786,435$ 2,548,675$ Mandatory Transfers 47,548,245 5,753,253 38,752,322 2,672,170 370,500 Non-Mandatory Transfers (38,813,593) 640,278 (40,069,562) 665,691 (50,000)

Total Expenditures & Transfers 208,762,002$ 21,063,659$ 174,704,872$ 10,124,296$ 2,869,175$ Fund Balance Addition/(Reduction) 50,000$ 50,000$

TOTALSRevenues 2,497,398,480$ 271,027,249$ 1,204,380,005$ 148,506,160$ 603,909,169$ 204,997,406$ 32,309,844$ 32,268,647$ Expenditures and Transfers

Expenditures 2,583,928,625$ 270,814,597$ 1,240,832,479$ 147,592,792$ 629,485,104$ 201,941,634$ 30,010,343$ 63,251,676$ Mandatory Transfers 57,991,819 9,191,253 39,495,091 3,225,223 5,950,252 130,000Non-Mandatory Transfers (145,954,012) (8,978,601) (75,947,565) (2,311,855) (31,526,187) 1,488,203 2,220,345 (30,898,352)

Total Expenditures & Transfers 2,495,966,432$ 271,027,249$ 1,204,380,005$ 148,506,160$ 603,909,169$ 203,429,837$ 32,230,688$ 32,483,324$ Fund Balance Addition/(Reduction) 1,432,048$ 1,567,569$ 79,156$ (214,677)$

Knoxville includes UT Knoxville and UT Space Institute.

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University of Tennessee SystemFY 2020-21 Revised Budget Summary by Unit

Unrestricted Current Funds, Revenues, Expenditures, and Transfers






Tuition & Fees 754,681,310$ 118,790,610$ 472,611,737$ 62,206,062$ 88,472,873$ 12,600,028$ State Appropriations 631,093,152 60,331,105 259,812,858 35,369,397 163,202,524 92,419,764 13,815,487$ 6,142,017$ Grants & Contracts 47,499,044 1,049,400 23,910,000 241,400 16,896,662 4,350,205 1,051,377 Sales & Service 59,467,883 2,973,919 5,329,970 3,672,746 19,404,781 28,086,467 Other Sources 58,658,960 269,500 3,862,518 796,476 1,071,920 16,869,948 11,511,968 24,276,630

Total Revenues 1,551,400,349$ 183,414,534$ 765,527,083$ 102,286,081$ 289,048,760$ 154,326,412$ 26,378,832$ 30,418,647$

Expenditures and TransfersInstruction 594,259,973$ 82,297,071$ 280,177,064$ 45,765,352$ 146,579,955$ 39,440,531$ Research 176,348,978 5,299,685 105,281,202 181,351 22,135,629 43,451,111 Public Service 87,327,025 2,820,618 7,785,273 837,636 761,983 52,050,749 23,070,766$ Academic Support 194,097,734 18,506,042 90,437,155 11,164,072 64,092,349 9,641,716 256,400 Student Services 107,966,320 27,418,017 58,583,386 14,357,381 7,607,536 Institutional Support 181,359,871 16,453,269 62,192,729 7,710,697 32,102,062 2,747,273 752,165 59,401,676$ Op/Maint Physical Plant 156,497,015 19,223,094 86,322,029 11,037,851 34,098,324 3,815,717 2,000,000 Scholarships & Fellowships 148,858,230 17,577,617 109,883,479 13,656,234 7,617,357 123,543

Subtotal Expenditures 1,646,715,146$ 189,595,413$ 800,662,317$ 104,710,574$ 314,995,195$ 151,270,640$ 24,079,331$ 61,401,676$ Mandatory Transfers 10,443,574 3,438,000 742,769 553,053 5,579,752 - 0 130,000 Non Mandatory Transfers (107,140,419) (9,618,879) (35,878,003) (2,977,546) (31,476,187) 1,488,203 2,220,345 (30,898,352)

Total Expenditures & Transfers 1,550,018,301$ 183,414,534$ 765,527,083$ 102,286,081$ 289,098,760$ 152,758,843$ 26,299,676$ 30,633,324$ Fund Balance Addition/(Reduction) 1,382,048$ (50,000)$ 1,567,569$ 79,156$ (214,677)$

AUXILIARIESRevenues 208,552,002$ 21,063,659$ 174,444,872$ 10,124,296$ 2,919,175$ Expenditures and Transfers

Expenditures 199,767,350$ 14,670,128$ 175,762,112$ 6,786,435$ 2,548,675$ Mandatory Transfers 47,548,245 5,753,253 38,752,322 2,672,170 370,500 Non-Mandatory Transfers (38,813,593) 640,278 (40,069,562) 665,691 (50,000)

Total Expenditures & Transfers 208,502,002$ 21,063,659$ 174,444,872$ 10,124,296$ 2,869,175$ Fund Balance Addition/(Reduction) 50,000$ -$ -$ -$ 50,000$

TOTALSRevenues 1,759,952,351$ 204,478,193$ 939,971,955$ 112,410,377$ 291,967,935$ 154,326,412$ 26,378,832$ 30,418,647$ Expenditures and Transfers

Expenditures 1,846,482,496$ 204,265,541$ 976,424,429$ 111,497,009$ 317,543,870$ 151,270,640$ 24,079,331$ 61,401,676$ Mandatory Transfers 57,991,819 9,191,253 39,495,091 3,225,223 5,950,252 130,000Non-Mandatory Transfers (145,954,012) (8,978,601) (75,947,565) (2,311,855) (31,526,187) 1,488,203 2,220,345 (30,898,352)

Total Expenditures & Transfers 1,758,520,303$ 204,478,193$ 939,971,955$ 112,410,377$ 291,967,935$ 152,758,843$ 26,299,676$ 30,633,324$ Fund Balance Addition/(Reduction) 1,432,048$ 1,567,569$ 79,156$ (214,677)$


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Five Year History

FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21Actual Actual Actual Actual Revised Amount


Tuition & Fees 681,407,238$ 710,190,418$ 746,610,856$ 764,506,490$ 754,681,310$ 73,274,072$ 10.8 %State Appropriations 527,561,549 573,016,552 592,612,952 639,918,152 631,093,152 103,531,603 19.6 %Grants & Contracts 49,379,698 51,045,254 53,857,681 53,256,325 47,499,044 (1,880,654) (3.8) %Sales & Service 67,209,889 69,851,826 67,576,317 56,898,631 59,467,883 (7,742,006) (11.5) %Other Sources 61,722,810 63,243,539 68,902,249 69,049,649 58,658,960 (3,063,850) (5.0) %

Total Revenues 1,387,281,183$ 1,467,347,589$ 1,529,560,055$ 1,583,629,248$ 1,551,400,349$ 164,119,166$ 11.8 %

Expenditures and TransfersInstruction 528,475,592$ 498,578,427$ 510,622,839$ 517,826,331$ 594,259,973$ 65,784,381$ 12.4 %Research 82,089,147 131,121,213 140,499,005 147,846,046 176,348,978 94,259,831 114.8 %Public Service 77,402,864 79,639,156 81,353,080 77,459,911 87,327,025 9,924,161 12.8 %Academic Support 154,939,269 171,075,686 175,049,100 177,371,195 194,097,734 39,158,465 25.3 %Student Services 95,228,666 96,897,429 98,555,131 99,453,375 107,966,320 12,737,654 13.4 %Institutional Support 147,400,379 164,355,023 168,589,108 175,763,031 181,359,871 33,959,492 23.0 %Operation & Maintenance of Plant 140,923,628 150,918,426 150,151,547 158,633,657 156,497,015 15,573,387 11.1 %Scholarships & Fellowships 100,705,270 115,038,571 124,958,755 129,968,045 148,858,230 48,152,960 47.8 %

Subtotal Expenditures 1,327,164,814$ 1,407,623,932$ 1,449,778,566$ 1,484,321,590$ 1,646,715,146$ 319,550,332$ 24.1 %Mandatory Transfers 10,203,193 10,733,175 15,435,736 13,109,489 10,443,574 240,381 2.4 %Non-Mandatory Transfers 52,585,255 35,756,137 68,521,859 79,126,450 (107,140,419) (159,725,674) (303.7) %

Total Expenditures & Transfers 1,389,953,262$ 1,454,113,244$ 1,533,736,161$ 1,576,557,529$ 1,550,018,301$ 160,065,039$ 11.5 %Fund Balance Addition/(Reduction) (2,672,078)$ 13,234,345$ (4,176,105)$ 7,071,719$ 1,382,048$

AUXILIARIESRevenues 254,223,902$ 266,172,939$ 262,956,722$ 253,541,204$ 208,552,002$ (45,671,900)$ (18.0) %Expenditures and Transfers

Expenditures 186,136,905$ 206,098,534$ 201,428,896$ 201,020,939$ 199,767,350$ 13,630,445$ 7.3 %Mandatory Transfers 42,169,835 46,326,750 45,401,257 54,855,089 47,548,245 5,378,410 12.8 %Non-Mandatory Transfers 25,428,666 9,507,965 20,601,174 (393,435) (38,813,593) (64,242,259) (252.6) %

Total Expenditures & Transfers 253,735,406$ 261,933,249$ 267,431,327$ 255,482,593$ 208,502,002$ (45,233,404)$ (17.8) %Fund Balance Addition/(Reduction) 488,496$ 4,239,690$ (4,474,606)$ (1,941,388)$ 50,000$

TOTALSRevenues 1,641,505,085$ 1,733,520,528$ 1,792,516,777$ 1,837,170,452$ 1,759,952,351$ 118,447,266$ 7.2 %Expenditures and Transfers

Expenditures 1,513,301,719$ 1,613,722,467$ 1,651,207,462$ 1,685,342,529$ 1,846,482,496$ 333,180,777$ 22.0 %Mandatory Transfers 52,373,028 57,059,925 60,836,993 67,964,578 57,991,819 5,618,791 10.7 %Non-Mandatory Transfers 78,013,921 45,264,102 89,123,033 78,733,015 (145,954,012) (223,967,933) (287.1) %

Total Expenditures & Transfers 1,643,688,668$ 1,716,046,494$ 1,801,167,488$ 1,832,040,122$ 1,758,520,303$ 114,831,635$ 7.0 %Fund Balance Addition/(Reduction) (2,183,583)$ 17,474,035$ (8,650,711)$ 5,130,330$ 1,432,048$

%

University of Tennessee SystemFY 2020-21 Revised Budget

Current Funds Revenues, Expenditures and Transfers - Unrestricted

FY 2017 to FY 2021Change

B-6

4.1

42


FY 2020-21 Revised Budget Summary

FY 2017 FY 2018 FY 2019 FY 2020 FY 2021Actual Actual Actual Actual Revised Amount


Tuition & Fees 681,407,238$ 710,190,418$ 746,610,856$ 764,506,490$ 754,681,310$ 73,274,072$ 10.8 %State Appropriations 546,284,768 592,062,887 610,765,836 656,204,483 647,372,932 101,088,164 18.5 %Grants & Contracts 683,228,016 636,058,864 693,424,426 702,555,500 690,221,874 6,993,858 1.0 %Sales & Service 67,209,889 69,851,826 67,576,317 56,898,631 59,467,883 (7,742,006) (11.5) %Other Sources 137,649,683 139,504,137 151,957,239 150,237,117 136,842,479 (807,204) (0.6) %

Total Revenues 2,115,779,593$ 2,147,668,133$ 2,270,334,675$ 2,330,402,222$ 2,288,586,478$ 172,806,885$ 8.2 %

Expenditures and TransfersInstruction 705,774,497$ 691,201,220$ 713,275,720$ 718,398,379$ 812,084,668$ 106,310,171$ 15.1 %Research 266,074,863 323,493,599 339,531,119 340,459,794 372,693,801 106,618,938 40.1 %Public Service 146,773,079 150,461,752 155,162,904 147,913,206 160,829,830 14,056,751 9.6 %Academic Support 207,096,268 218,247,500 225,257,207 229,901,710 241,161,988 34,065,720 16.4 %Student Services 97,803,344 100,380,026 101,857,372 102,352,867 111,117,117 13,313,773 13.6 %Institutional Support 149,261,875 166,685,771 170,448,648 182,412,654 186,363,194 37,101,319 24.9 %Operation & Maintenance of Plant 141,350,370 151,286,259 150,502,571 159,048,262 156,829,360 15,478,990 11.0 %Scholarships & Fellowships 272,381,517 295,164,163 306,406,301 331,245,119 342,821,317 70,439,800 25.9 %

Subtotal Expenditures 1,986,515,814$ 2,096,920,290$ 2,162,441,842$ 2,211,731,991$ 2,383,901,275$ 397,385,461$ 20.0 %Mandatory Transfers 10,203,193 10,733,175 15,435,736 13,109,489 10,443,574 240,381 2.4 %Non-Mandatory Transfers 52,585,255 35,756,137 68,521,859 79,126,450 (107,140,419) (159,725,674) (303.7) %

Total Expenditures & Transfers 2,049,304,262$ 2,143,409,602$ 2,246,399,437$ 2,303,967,930$ 2,287,204,430$ 237,900,168$ 11.6 %Fund Balance Addition/(Reduction) 66,475,332$ 4,258,531$ 23,935,238$ 26,434,292$ 1,382,048$

AUXILIARIESRevenues 255,189,378$ 266,956,202$ 263,466,564$ 253,981,095$ 208,812,002$ (46,377,376)$ (18.2) %Expenditures and Transfers

Expenditures 186,905,317$ 207,035,549$ 202,169,439$ 201,215,894$ 200,027,350$ 13,122,033$ 7.0 %Mandatory Transfers 42,169,835 46,326,750 45,401,257 54,855,089 47,548,245 5,378,410 12.8 %Non-Mandatory Transfers 25,428,666 9,507,965 20,601,174 (393,435) (38,813,593) (64,242,259) (252.6) %

Total Expenditures & Transfers 254,503,818$ 262,870,264$ 268,171,870$ 255,677,548$ 208,762,002$ (45,741,816)$ (18.0) %Fund Balance Addition/(Reduction) 685,560$ 4,085,938$ (4,705,306)$ (1,696,453)$ 50,000$

TOTALSRevenues 2,370,968,971$ 2,414,624,335$ 2,533,801,239$ 2,584,383,317$ 2,497,398,480$ 126,429,509$ 5.3 %Expenditures and Transfers

Expenditures 2,173,421,131$ 2,303,955,839$ 2,364,611,281$ 2,412,947,885$ 2,583,928,625$ 410,507,494$ 18.9 %Mandatory Transfers 52,373,028 57,059,925 60,836,993 67,964,578 57,991,819 5,618,791 10.7 %Non-Mandatory Transfers 78,013,921 45,264,102 89,123,033 78,733,015 (145,954,012) (223,967,933) (287.1) %

Total Expenditures & Transfers 2,303,808,080$ 2,406,279,866$ 2,514,571,307$ 2,559,645,478$ 2,495,966,432$ 192,158,352$ 8.3 %Fund Balance Addition/(Reduction) 67,160,891$ 8,344,469$ 19,229,932$ 24,737,839$ 1,432,048$

%

University of Tennessee System

Five Year HistoryCurrent Funds Revenues, Expenditures and Transfers - Unrestricted and Restricted

FY 2017 TO FY 2021Change

B-7

4.1

43


Actual Original Revised Original to RevisedUnrestricted Restricted Total Unrestricted Restricted Total Unrestricted Restricted Total Amount

EDUCATION AND GENERALRevenues

Tuition & Fees 764,506,490$ 764,506,490$ 737,846,711$ 737,846,711$ 754,681,310$ 754,681,310$ 16,834,599$ 2.3 %State Appropriations 639,918,152 16,286,331$ 656,204,483 630,641,552 16,253,815$ 646,895,367 631,093,152 16,279,780$ 647,372,932 477,565 0.1 %Grants & Contracts 53,256,325 649,299,175 702,555,500 45,940,594 633,874,650 679,815,244 47,499,044 642,722,830 690,221,874 10,406,630 1.5 %Sales & Service 56,898,631 56,898,631 60,882,793 60,882,793 59,467,883 59,467,883 (1,414,910) (2.3) %Other Sources 69,049,649 81,187,468 150,237,117 59,545,292 79,811,289 139,356,581 58,658,960 78,183,519 136,842,479 (2,514,102) (1.8) %

Total Revenues 1,583,629,248$ 746,772,975$ 2,330,402,222$ 1,534,856,942$ 729,939,754$ 2,264,796,696$ 1,551,400,349$ 737,186,129$ 2,288,586,478$ 23,789,782$ 1.1 %

Expenditures and TransfersInstruction 517,826,331$ 200,572,048$ 718,398,379$ 570,308,488 216,223,572$ 786,532,060$ 594,259,973$ 217,824,695$ 812,084,668$ 25,552,608$ 3.2 %Research 147,846,046 192,613,748 340,459,794 131,117,132 200,551,683 331,668,815 176,348,978 196,344,823 372,693,801 41,024,986 12.4 %Public Service 77,459,911 70,453,295 147,913,206 83,717,359 73,361,135 157,078,494 87,327,025 73,502,805 160,829,830 3,751,336 2.4 %Academic Support 177,371,195 52,530,515 229,901,710 180,940,067 49,266,125 230,206,192 194,097,734 47,064,254 241,161,988 10,955,796 4.8 %Student Services 99,453,375 2,899,492 102,352,867 100,825,163 2,417,933 103,243,096 107,966,320 3,150,797 111,117,117 7,874,021 7.6 %Institutional Support 175,763,031 6,649,624 182,412,654 176,036,643 2,279,236 178,315,879 181,359,871 5,003,323 186,363,194 8,047,315 4.5 %Operations & Maintenance of Plant 158,633,657 414,606 159,048,262 155,367,360 439,280 155,806,640 156,497,015 332,345 156,829,360 1,022,720 0.7 %Scholarships & Fellowships 129,968,045 201,277,074 331,245,119 138,694,663 185,354,605 324,049,268 148,858,230 193,963,087 342,821,317 18,772,049 5.8 %

Subtotal Expenditures 1,484,321,590$ 727,410,402$ 2,211,731,991$ 1,537,006,875$ 729,893,569$ 2,266,900,444$ 1,646,715,146$ 737,186,129$ 2,383,901,275$ 117,000,831$ 5.2 %Mandatory Transfers 13,109,489 13,109,489 10,443,574 10,443,574 10,443,574 10,443,574 Non-Mandatory Transfers 79,126,450 79,126,450 (14,142,340) (14,142,340) (107,140,419) (107,140,419) (92,998,079) (657.6) %

Total Expenditures & Transfers 1,576,557,529$ 727,410,402$ 2,303,967,930$ 1,533,308,109$ 729,893,569$ 2,263,201,678$ 1,550,018,301$ 737,186,129$ 2,287,204,430$ 24,002,752$ 1.1 %Fund Balance Addition / (Reduction) 7,071,719$ 19,362,573$ 26,434,292$ 1,548,833$ 46,185$ 1,595,018$ 1,382,048$ 1,382,048$

AUXILIARIESRevenues 253,541,204$ 439,890$ 253,981,095$ 262,526,727$ 260,000$ 262,786,727$ 208,552,002$ 260,000$ 208,812,002$ (53,974,725)$ (20.5) %Expenditures and Transfers

Expenditures 201,020,939$ 194,955$ 201,215,894$ 202,078,763$ 260,000$ 202,338,763$ 199,767,350$ 260,000$ 200,027,350$ (2,311,413)$ (1.1) %Mandatory Transfers 54,855,089 54,855,089 44,022,452 44,022,452 47,548,245 47,548,245 3,525,793 8.0 %Non-Mandatory Transfers (393,435) (393,435) 16,425,512 16,425,512 (38,813,593) (38,813,593) (55,239,105) (336.3) %

Total Expenditures & Transfers 255,482,593$ 194,955$ 255,677,548$ 262,526,727$ 260,000$ 262,786,727$ 208,502,002$ 260,000$ 208,762,002$ (54,024,725)$ (20.6) %Fund Balance Addition / (Reduction) (1,941,388)$ 244,935$ (1,696,453)$ 50,000$ 50,000$

TOTALSRevenues 1,837,170,452$ 747,212,865$ 2,584,383,317$ 1,797,383,669$ 730,199,754$ 2,527,583,423$ 1,759,952,351$ 737,446,129$ 2,497,398,480$ (30,184,943)$ (1.2) %Expenditures and Transfers

Expenditures 1,685,342,529$ 727,605,357$ 2,412,550,907$ 1,739,085,638$ 730,153,569$ 2,469,239,207$ 1,846,482,496$ 737,446,129$ 2,583,928,625$ 114,689,418$ 4.6 %Mandatory Transfers 67,964,578 67,964,578 54,466,026 54,466,026 57,991,819 57,991,819 3,525,793 6.5 %Non-Mandatory Transfers 78,733,015 78,733,015 2,283,172 2,283,172 (145,954,012) (145,954,012) (148,237,184) (6,492.6) %

Total Expenditures & Transfers 1,832,040,122$ 727,605,357$ 2,559,645,478$ 1,795,834,836$ 730,153,569$ 2,525,988,405$ 1,758,520,303$ 737,446,129$ 2,495,966,432$ (30,021,973)$ (1.2) %Fund Balance Addition / (Reduction) 5,130,330$ 19,607,508$ 24,737,839$ 1,548,833$ 46,185$ 1,595,018$ 1,432,048$ 1,432,048$

FY 2019-20 FY 2020-21 FY 2020-21

%

Change

University of Tennessee SystemFY 2020-21 Revised Budget Summary

Unrestricted and Restricted Current Funds Revenues, Expenditures and Transfers

B-8

4.1

44



Natural Classifications by UnitUnrestricted Current Funds Expenditures





EDUCATIONAL AND GENERALSalaries and Benefits

SalariesAcademic 376,799,863$ 49,197,159$ 182,303,501$ 25,316,864$ 87,383,446$ 32,009,505$ 442,425$ 146,963$ Non-Academic 385,799,404 43,555,133 154,668,162 23,139,797 78,451,946 48,788,701 12,158,443 25,037,222Students 8,530,182 914,842 5,012,618 1,329,954 775,499 316,896 20,800 159,573

Total Salaries 771,129,449$ 93,667,134$ 341,984,281$ 49,786,615$ 166,610,891$ 81,115,102$ 12,621,668$ 25,343,758$ Staff Benefits 272,303,319 35,882,922 119,240,487 20,574,319 49,742,179 33,329,183 4,263,048 9,271,181

Total Salaries and Benefits 1,043,432,768$ 129,550,056$ 461,224,768$ 70,360,934$ 216,353,070$ 114,444,285$ 16,884,716$ 34,614,939$ Operating 579,122,372 58,953,618 325,667,829 32,534,162 91,798,734 36,411,810 6,969,482 26,786,737Equipment and Capital Outlay 24,160,006 1,091,739 13,769,720 1,815,478 6,843,391 414,545 225,133

Total Expenditures 1,646,715,146$ 189,595,413$ 800,662,317$ 104,710,574$ 314,995,195$ 151,270,640$ 24,079,331$ 61,401,676$

AUXILIARIESSalaries and Benefits

SalariesAcademic 726,044$ 36,000$ 690,044$ Non-Academic 61,603,682 3,455,457 55,100,011 1,498,310$ 1,549,904$ Students 5,219,601 253,085 4,460,456 506,060

Total Salaries 67,549,327$ 3,744,542$ 60,250,511$ 2,004,370$ 1,549,904$ Staff Benefits 16,568,202 1,163,708 14,572,906 677,860 153,728

Total Salaries and Benefits 84,117,529$ 4,908,250$ 74,823,417$ 2,682,230$ 1,703,632$ Operating 115,316,321 9,759,378 100,612,695 4,099,205 845,043Equipment and Capital Outlay 333,500 2,500 326,000 5,000

Total Expenditures 199,767,350$ 14,670,128$ 175,762,112$ 6,786,435$ 2,548,675$

TOTALSSalaries and Benefits

SalariesAcademic 377,525,907$ 49,233,159$ 182,993,545$ 25,316,864$ 87,383,446$ 32,009,505$ 442,425$ 146,963$ Non-Academic 447,403,086 47,010,590 209,768,173 24,638,107 80,001,850 48,788,701 12,158,443 25,037,222Students 13,749,783 1,167,927 9,473,074 1,836,014 775,499 316,896 20,800 159,573

Total Salaries 838,678,776$ 97,411,676$ 402,234,792$ 51,790,985$ 168,160,795$ 81,115,102$ 12,621,668$ 25,343,758$ Staff Benefits 288,871,521 37,046,630 133,813,393 21,252,179 49,895,907 33,329,183 4,263,048 9,271,181

Total Salaries and Benefits 1,127,550,297$ 134,458,306$ 536,048,185$ 73,043,164$ 218,056,702$ 114,444,285$ 16,884,716$ 34,614,939$ Operating 694,438,693 68,712,996 426,280,524 36,633,367 92,643,777 36,411,810 6,969,482 26,786,737Equipment and Capital Outlay 24,493,506 1,094,239 14,095,720 1,820,478 6,843,391 414,545 225,133

Total Expenditures 1,846,482,496$ 204,265,541$ 976,424,429$ 111,497,009$ 317,543,870$ 151,270,640$ 24,079,331$ 61,401,676$

Knoxville includes UTK Knoxville and UT Space Institute.

B-9

4.1

45



Net Assets by UnitUnrestricted Current Funds, Revenues, Expenditures, and Transfers





FY 2018-19 ActualsNet Assets at Beginning of Year 135,615,713$ 12,475,947$ 56,009,282$ 9,504,870$ 17,220,470$ 15,804,693$ 1,521,370$ 23,079,082$ Operating Funds

Revenue 1,792,516,777$ 199,283,332$ 982,600,576$ 108,965,547$ 288,945,066$ 151,662,995$ 26,517,043$ 34,542,217$ Less: Expenditures and Transfers (1,801,167,488) (197,947,418) (980,280,837) (111,816,183) (294,016,586) (158,317,851) (26,262,636) (32,525,977)

Carryover Funds To/(From) Net Assets (8,650,711)$ 1,335,915$ 2,319,739$ (2,850,635)$ (5,071,521)$ (6,654,856)$ 254,408$ 2,016,240$

Net Assets Detail:ALLOCATED

Working Capital 28,771,234$ 4,911,862$ 10,265,180$ 1,315,110$ 5,657,443$ 1,490,860$ 76,337$ 5,054,442$ Revolving Funds 23,846,487 6,756,775 17,089,712 Encumbrances 3,510,352 1,449,241 101,015 503,380 1,456,716 Reserve for Reappropriations 2,244,809 700,000$ 1,544,809

Total Allocated Net Assets 58,372,882$ 4,911,862$ 18,471,196$ 1,416,125$ 6,160,823$ 2,947,576$ 776,337$ 23,688,963$ UNALLOCATED 68,592,121$ 8,900,000$ 39,857,825$ 5,238,110$ 5,988,126$ 6,202,261$ 999,440$ 1,406,359$

Total Net Assets - June 30, 2019 126,965,002$ 13,811,862$ 58,329,021$ 6,654,235$ 12,148,949$ 9,149,837$ 1,775,777$ 25,095,322$ Percent Unallocated of Expend. & Transfers 3.81% 4.50% 4.07% 4.68% 2.04% 3.92% 3.81% 2.73%

FY 2019-20 ActualNet Assets at Beginning of Year 126,965,002$ 13,811,862$ 58,329,021$ 6,654,235$ 12,148,949$ 9,149,837$ 1,775,777$ 25,095,322$ Operating Funds

Revenue 1,837,170,451$ 208,131,358$ 998,443,860$ 113,018,688$ 291,073,757$ 153,962,073$ 25,774,349$ 46,766,366$ Less: Expenditures and Transfers (1,832,040,123) (206,422,889) (1,001,507,125) (110,288,807) (291,424,868) (153,440,843) (25,812,887) (43,142,704)

Carryover Funds To/(From) Net Assets 5,130,328$ 1,708,469$ (3,063,265)$ 2,729,881$ (351,111)$ 521,230$ (38,538)$ 3,623,662$


Working Capital 29,782,200$ 6,345,330$ 9,229,849$ 1,108,791$ 6,949,001$ 1,995,119$ 39,594$ 4,114,516$ Revolving Funds 18,929,223 4,019,443 14,909,780 Encumbrances 3,490,491 1,788,069 10,847 421,771$ 1,269,804 Reserve for Reappropriations 11,779,034 3,000,000 700,000$ 8,079,034



FY 2020-21 Revised BudgetNet Assets at Beginning of Year 132,095,330$ 15,520,331$ 55,265,756$ 9,384,116$ 11,797,837$ 9,671,067$ 1,737,239$ 28,718,984$ Operating Funds


Carryover Funds To/(From) Net Assets 1,432,048$ -$ -$ -$ -$ 1,567,569$ 79,156$ (214,677)$


Working Capital 28,282,205$ 6,345,330$ 9,229,852$ 1,108,791$ 5,449,002$ 1,995,119$ 39,595$ 4,114,516$ Revolving Funds 18,929,223 4,019,443$ 14,909,780 Encumbrances 3,143,755 1,778,069$ 10,850$ 85,032$ 1,269,804$ Reserve for Reappropriations 13,104,034 3,000,000 1,325,000 700,000$ 8,079,034

Total Allocated Net Assets 63,459,217$ 6,345,330$ 15,027,364$ 4,119,641$ 5,534,034$ 4,589,923$ 739,595$ 27,103,330$ UNALLOCATED 70,078,013$ 9,175,000$ 40,228,397$ 5,264,478$ 6,263,805$ 6,648,715$ 1,076,800$ 1,420,818$

Estimated Total Net Assets - June 30, 2021 133,527,378$ 15,520,331$ 55,265,756$ 9,384,116$ 11,797,838$ 11,238,636$ 1,816,395$ 28,504,307$ Percent Unallocated of Expend. & Transfers 3.99% 4.49% 4.28% 4.68% 2.15% 4.35% 4.09% 2.86%


Recommended percent unallocated of expenditures and transfers is 2% to 5% is 2.5% for unrestricted E&G and 3% to 5% for auxiliaries. For System Administration, transfers-in for system charge is excluded from the calculation.

B-10

4.1

46



Net Assets by UnitUnrestricted Educational and General Current Funds







Carryover Funds To/(From) Net Assets (4,176,105)$ 1,141,501$ 6,797,711$ (2,682,379)$ (5,048,730)$ (6,654,856)$ 254,408$ 2,016,240$


Working Capital 22,550,458$ 3,744,367$ 5,624,748$ 909,330$ 5,650,376$ 1,490,859$ 76,336$ 5,054,442$ Revolving Funds 19,195,985 2,086,432 17,109,553 Encumbrances 3,510,352 1,449,241 101,015 503,380 1,456,716 Unexpended GiftsReserve for Reappropriations 2,244,809 - 700,000$ 1,544,809




Revenue 1,583,629,248$ 188,427,260$ 774,466,033$ 104,719,233$ 289,513,934$ 153,962,073$ 25,774,349$ 46,766,366$ Less: Expenditures and Transfers (1,576,557,529)$ (188,168,585) (774,121,444) (102,021,024) (289,850,042) (153,440,843) (25,812,887) (43,142,704)

Carryover Funds To/(From) Net Assets 7,071,719$ 258,675$ 344,589$ 2,698,209$ (336,108)$ 521,230$ (38,538)$ 3,623,662$


Working Capital 31,808,129$ 3,753,043$ 4,209,389$ 762,854$ 16,933,618$ 1,995,117$ 39,594$ 4,114,514$ Revolving Funds 17,214,498 2,304,718 14,909,780 Encumbrances 3,490,492 1,788,069 10,847 421,771 1,269,805 Unexpended GiftsReserve for Reappropriations 11,779,034 3,000,000 700,000$ 8,079,034



FY 2020-21 Revised BudgetNet Assets at Beginning of Year 113,181,177$ 12,003,043$ 40,643,463$ 8,681,171$ 11,726,210$ 9,671,068$ 1,737,238$ 28,718,984$ Operating Funds

Revenue 1,551,400,349$ 183,414,534$ 765,527,083$ 102,286,081$ 289,048,760$ 154,326,412$ 26,378,832$ 30,418,647$ Less: Expenditures and Transfers (1,550,018,301)$ (183,414,534) (765,527,083) (102,286,081) (289,098,760) (152,758,843) (26,299,676) (30,633,324)

Carryover Funds To/(From) Net Assets 1,382,048$ -$ -$ -$ (50,000)$ 1,567,569$ 79,156$ (214,677)$


Working Capital 20,308,129$ 3,753,043$ 4,209,388$ 762,854$ 5,433,616$ 1,995,118$ 39,594$ 4,114,516$ Revolving Funds 17,194,658 2,304,719 14,889,939 Encumbrances 3,153,752 1,788,069 10,847 85,032 1,269,804 Reserve for Reappropriations 13,104,034 3,000,000 1,325,000 700,000$ 8,079,034

Total Allocated Net Assets 53,760,573$ 3,753,043$ 8,302,176$ 3,773,701$ 5,518,648$ 4,589,922$ 739,594$ 27,083,489$ UNALLOCATED 60,802,652$ 8,250,000$ 32,341,288$ 4,907,471$ 6,157,560$ 6,648,715$ 1,076,800$ 1,420,818$


Recommended percent unallocated of expenditures and transfers is 2% to 5%. For System Administration, transfers-in for system charge is excluded from the calculation.Knoxville includes UT Knoxville and UT Space Institute.

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CenterFY 2018-19 ActualNet Assets at Beginning of Year 25,330,147$ 1,873,080$ 22,508,119$ 839,527$ 109,421$ Operating Funds

Revenue 262,956,722$ 19,634,328$ 231,603,798$ 9,951,260$ 1,767,336$ Less: Expenditures and Transfers (267,431,327) (19,439,914) (236,081,770) (10,119,515) (1,790,128)

Carryover Funds To/(From) Net Assets (4,474,605)$ 194,414$ (4,477,972)$ (168,255)$ (22,792)$ Net Assets at End of Year 20,855,542$ 2,067,494$ 18,030,147$ 671,272$ 86,629$


Working Capital 6,220,770$ 1,167,494$ 4,640,432$ 405,779$ 7,065$ Revolving Funds 4,670,343 4,670,343

Total Allocated Net Assets 10,891,113$ 1,167,494$ 9,310,775$ 405,779$ 7,065$ UNALLOCATED 9,964,429 900,000$ 8,719,371$ 265,493$ 79,565$

Total Net Assets - June 30, 2019 20,855,542$ 2,067,494$ 18,030,147$ 671,272$ 86,630$ Percent Unallocated of Expend. & Transfers 3.73% 4.63% 3.69% 2.62% 4.44%

FY 2019-20 ActualNet Assets at Beginning of Year 20,855,542$ 2,067,494$ 18,030,147$ 671,272$ 86,630$ Operating Funds

Revenue 253,541,205$ 19,704,098$ 223,977,828$ 8,299,456$ 1,559,823$ Less: Expenditures and Transfers (255,482,593)$ (18,254,304) (227,385,680) (8,267,783) (1,574,826)

Carryover Funds To/(From) Net Assets (1,941,388)$ 1,449,794$ (3,407,852)$ 31,673$ (15,003)$ Net Assets at End of Year 18,914,154$ 3,517,288$ 14,622,295$ 702,945$ 71,627$


Working Capital 7,974,071$ 2,592,287$ 5,020,463$ 345,938$ 15,383$ Revolving Funds 1,714,725 1,714,725


Total Net Assets - June 30, 2020 18,914,154$ 3,517,287$ 14,622,295$ 702,945$ 71,627$ Percent Unallocated of Expend. & Transfers 3.61% 5.07% 3.47% 4.32% 3.57%

FY 2020-21 Revised BudgetNet Assets at Beginning of Year 18,914,154$ 3,517,287$ 14,622,295$ 702,945$ 71,627$ Operating Funds

Revenue 208,552,002$ 21,063,659$ 174,444,872$ 10,124,296$ 2,919,175$ Less: Expenditures and Transfers (208,502,002) (21,063,659) (174,444,872) (10,124,296) (2,869,175)

Carryover Funds To/(From) Net Assets 50,000$ -$ -$ -$ 50,000$ Net Assets at End of Year 18,964,154$ 3,517,287$ 14,622,295$ 702,945$ 121,627$


Working Capital 7,974,068$ 2,592,287$ 5,020,461$ 345,938$ 15,382$ Revolving Funds 1,714,725 1,714,725 Encumbrances


Estimated Total Net Assets - June 30, 2021 18,964,154$ 3,517,287$ 14,622,295$ 702,945$ 121,627$ Percent Unallocated of Expend. & Transfers 4.45% 4.39% 4.52% 3.53% 3.70%

Recommended percent unallocated of expenditures and transfers is 3% to 5%. Knoxville includes UT Knoxville and UT Space Institute.


Net Assets by UnitUnrestricted Auxiliary Funds, Revenues, Expenditures, and Transfers

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State Appropriations SummaryUnrestricted Current Educational and General Funds

ChangeFY 2019-20 FY 2020-21 FY 2020-21 Original to Revised

Actual Original Revised Amount %STATE APPROPRIATIONS

Chattanooga 59,726,805$ 60,171,705$ 60,331,105$ 159,400$ 0.3 %Knoxville

Knoxville 249,914,955$ 250,266,755$ 250,421,955$ 155,200$ 0.1 %Space Institute 9,380,503 9,393,603 9,390,903 (2,700) - %

Subtotal Knoxville 259,295,458$ 259,660,358$ 259,812,858$ 152,500$ 0.1 %

Martin 36,452,197 35,419,197 35,369,397 (49,800) (0.1) %Health Science Center 162,456,024 163,011,624 163,202,524 190,900 0.1 %Institute of Agriculture

AgResearch 31,206,388$ 31,288,288$ 31,274,288$ (14,000)$ - %Extension 38,387,017 38,539,917 38,539,717 (200) - %College of Veterinary Medicine 22,518,259 22,591,459 22,605,759 14,300 0.1 %

Subtotal Institute of Agriculture 92,111,664$ 92,419,664$ 92,419,764$ 100$ - %

Institute for Public ServiceInstitute for Public Service 6,124,885$ 6,138,385$ 6,131,385$ (7,000)$ (0.1) %Municipal Technical Advisory Service 3,715,551 3,724,351 3,733,051 8,700 0.2 %County Technical Assistance Service 3,205,751 3,214,051 3,222,851 8,800 0.3 %Tennessee Language Center 719,900 716,200 728,200 12,000 1.7 %

Subtotal Institute for Public Service 13,766,087$ 13,792,987$ 13,815,487$ 22,500$ 0.2 %

System Administration 16,109,917 6,166,017 6,142,017 (24,000) (0.4) %Total State Appropriations 639,918,152$ 630,641,552$ 631,093,152$ 451,600$ 0.1 %

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State Appropriations Five Year HistoryUnrestricted Current Educational and General Funds

ChangeFY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2016-17 TO FY 2020-21

Actual Actual Actual Actual Revised Amount %STATE APPROPRIATIONS

Chattanooga 46,671,705$ 51,840,105$ 55,430,905$ 59,726,805$ 60,331,105$ 13,659,400$ 29.3 %Knoxville

Knoxville 202,989,655$ 226,290,355$ 232,311,655$ 249,914,955$ 250,421,955$ 47,432,300$ 23.4 %Space Institute 8,583,903 8,990,803 9,132,803 9,380,503 9,390,903 807,000 9.4 %

Subtotal Knoxville 211,573,558$ 235,281,158$ 241,444,458$ 259,295,458$ 259,812,858$ 48,239,300$ 22.8 %

Martin 31,508,097$ 33,208,097$ 34,410,197$ 36,452,197$ 35,369,397$ 3,861,300$ 12.3 %Health Science Center 141,084,321 149,955,324 154,589,424 162,456,024 163,202,524 22,118,203 15.7 %Institute of Agriculture

AgResearch 27,745,788$ 29,161,888$ 30,008,688$ 31,206,388$ 31,274,288$ 3,528,500$ 12.7 %Extension 33,950,817 35,701,417 36,651,817 38,387,017 38,539,717 4,588,900 13.5 %College of Veterinary Medicine 18,453,659 20,036,359 21,236,259 22,518,259 22,605,759 4,152,100 22.5 %

Subtotal Institute of Agriculture 80,150,264$ 84,899,664$ 87,896,764$ 92,111,664$ 92,419,764$ 12,269,500$ 15.3 %

Institute for Public ServiceInstitute for Public Service 5,643,985$ 5,841,485$ 5,929,385$ 6,124,885$ 6,131,385$ 487,400$ 8.6 %Municipal Technical Advisory Service 3,159,551 3,410,551 3,535,751 3,715,551 3,733,051 573,500 18.2 %County Technical Assistance Service 2,238,651 2,964,551 3,056,451 3,205,751 3,222,851 984,200 44.0 %Tennessee Language Center - - 665,600 719,900 728,200 728,200 100.0

Subtotal Institute for Public Service 11,042,187$ 12,216,587$ 13,187,187$ 13,766,087$ 13,815,487$ 2,773,300$ 25.0 %

System Administration 5,531,417 5,615,617 5,654,017 16,109,917 6,142,017 610,600 11.0 %Total State Appropriations 527,561,549$ 573,016,552$ 592,612,952$ 639,918,152$ 631,093,152$ 103,531,603$ 19.6 %

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Auxiliary EnterprisesUnrestricted Auxiliary Current Funds Revenues, Expenditures and Transfers

FY 2019-20 FY 2020-21 FY 2020-21Actual Original Revised Amount %

HOUSINGRevenues 67,084,617$ 79,421,689$ 73,017,334$ (6,404,355)$ (8.1) %Expenditures and Transfers

Expenditures 46,060,130$ 48,274,620$ 50,704,139$ 2,429,519$ 5.0 %Mandatory Transfers 25,457,022 26,083,248 25,732,168 (351,080) (1.3) %Non-Mandatory Transfers (5,293,263) 5,063,821 (3,418,973) (8,482,794) (167.5) %

Total Expenditures and Transfers 66,223,889$ 79,421,689$ 73,017,334$ (6,404,355)$ (8.1) %Fund Balance Addition/(Reduction) 860,729$

FOOD SERVICERevenues 9,195,184$ 13,027,003$ 10,756,278$ (2,270,725)$ (17.4) %Expenditures and Transfers

Expenditures 3,867,937$ 5,315,004$ 4,433,006$ (881,998)$ (16.6) %Mandatory Transfers 4,520,884 6,871,493 6,871,493 100.0 %Non-Mandatory Transfers 789,461 7,711,999 (598,221) (8,310,220) (107.8) %

Total Expenditures and Transfers 9,178,282$ 13,027,003$ 10,706,278$ (2,320,725)$ (17.8) %Fund Balance Addition/(Reduction) 16,902$ 50,000$ 50,000$

BOOKSTORESRevenues 24,539,961$ 23,210,352$ 20,039,346$ (3,171,006)$ (13.7) %Expenditures and Transfers

Expenditures 23,516,485$ 21,543,632$ 21,253,635$ (289,997)$ (1.3) %Mandatory Transfers - 109,418 109,418 Non-Mandatory Transfers 926,167 1,557,302 (1,323,707) (2,881,009) (185.0) %

Total Expenditures and Transfers 24,442,652$ 23,210,352$ 20,039,346$ (3,171,006)$ (13.7) %Fund Balance Addition/(Reduction) 97,310$

PARKINGRevenues 13,393,795$ 15,597,149$ 13,861,896$ (1,735,253)$ (11.1) %Expenditures and Transfers

Expenditures 7,681,650$ 8,680,177$ 7,272,826$ (1,407,351)$ (16.2) %Mandatory Transfers 6,343,922 6,181,628 6,181,628 Non-Mandatory Transfers 17,929 735,344 407,442 (327,902) (44.6) %

Total Expenditures and Transfers 14,043,501$ 15,597,149$ 13,861,896$ (1,735,253)$ (11.1) %Fund Balance Addition/(Reduction) (649,706)$

ATHLETICSRevenues 135,913,904$ 128,525,285$ 89,581,899$ (38,943,386)$ (30.3) %Expenditures and Transfers

Expenditures 116,932,405$ 115,478,587$ 113,780,696$ (1,697,891)$ (1.5) %Mandatory Transfers 17,965,239 11,648,158 8,248,158 (3,400,000) (29.2) %Non-Mandatory Transfers 1,300,142 1,398,540 (32,446,955) (33,845,495) (2,420.1) %

Total Expenditures and Transfers 136,197,786$ 128,525,285$ 89,581,899$ (38,943,386)$ (30.3) %Fund Balance Addition/(Reduction) (283,881)$

OTHERRevenues 3,413,742$ 2,745,249$ 1,295,249$ (1,450,000)$ (52.8) %Expenditures and Transfers

Expenditures 2,962,332$ 2,786,743$ 2,323,048$ (463,695)$ (16.6) %Mandatory Transfers 568,022 405,380 405,380 100.0 %Non-Mandatory Transfers 1,866,129 (41,494) (1,433,179) (1,391,685) -3353.9 %

Total Expenditures and Transfers 5,396,483$ 2,745,249$ 1,295,249$ (1,450,000)$ (52.8) %Fund Balance Addition/(Reduction) (1,982,741)$

TOTALRevenues 253,541,204$ 262,526,727$ 208,552,002$ (53,974,725)$ (20.6) %Expenditures and Transfers

Expenditures 201,020,939$ 202,078,763$ 199,767,350$ (2,311,413)$ (1.1) %Mandatory Transfers 54,855,089 44,022,452 47,548,245 3,525,793 8.0 %Non-Mandatory Transfers (393,435) 16,425,512 (38,813,593) (55,239,105) (336.3) %

Total Expenditures and Transfers 255,482,593$ 262,526,727$ 208,502,002$ (54,024,725)$ (20.6) %Fund Balance Addition/(Reduction) (1,941,388)$ 50,000$ 50,000$

Original to Revised

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University of Tennessee SystemFY 2020-21 Proposed Budget Summary


Actual Original Revised Amount %KNOXVILLERevenues

General FundsStudent Fees for Athletics 1,000,000$ 1,000,000$ 1,000,000$ Ticket Sales 34,510,505 29,843,265 7,943,517 (21,899,748)$ -73.4%Gifts 28,440,721 28,170,000 19,170,000 (9,000,000) -31.9%Other 73,131,552 70,509,520 62,465,882 (8,043,638) -11.4%

Total Revenues 137,082,778$ 129,522,785$ 90,579,399$ (38,943,386)$ -30.1%Expenditures and Transfers

Salaries and Benefits 51,701,359$ 50,530,827$ 50,530,827$ Travel 9,679,527 10,552,051 8,026,560 (2,525,491)$ -23.9%Student Aid 14,626,990 17,260,977 18,730,977 1,470,000 8.5%Other Operating 40,846,541 37,132,232 36,489,832 (642,400) -1.7%

Subtotal Expenditures 116,854,417$ 115,476,087$ 113,778,196$ (1,697,891)$ -1.5%Debt Service Transfers 17,965,239 11,648,158 8,248,158 (3,400,000) -29.2%Other Transfers 2,300,142 2,398,540 (31,446,955) (33,845,495)$ -1411.1%

Total Expenditures and Transfers 137,119,798$ 129,522,785$ 90,579,399$ (38,943,386)$ -30.1%

Fund Balance Addition / (Reduction) (37,020)$

CHATTANOOGARevenues

General Funds 8,136,011$ 8,392,415$ 8,561,415$ 169,000$ 2.0%Student Fees for Athletics 5,581,229 5,334,663 5,334,663Ticket Sales 771,296 870,023 (870,023) -100.0%Gifts 1,581,533 2,000,000 2,000,000Other 2,025,201 1,945,000 1,215,023 (729,977) -37.5%


Salaries and Benefits 7,600,623$ 7,452,529$ 7,457,529$ 5,000$ 0.1%Travel 1,088,463 1,369,082 1,076,891 (292,191) Student Aid 5,131,487 6,016,894 5,535,186 (481,708) -8.0%Other Operating 4,112,818 3,533,596 2,871,495 (662,101) -18.7%

Subtotal Expenditures 17,933,391$ 18,372,101$ 16,941,101$ (1,431,000)$ -7.8%Debt Service Transfers 161,879 170,000 170,000 Other Transfers

Total Expenditures and Transfers 18,095,270$ 18,542,101$ 17,111,101$ (1,431,000)$ -7.7%Fund Balance Addition / (Reduction)

MARTINRevenues

General Funds 6,620,151$ 6,854,394$ 6,904,314$ 49,920$ 0.7%Student Fees for Athletics 2,215,905 2,212,000 2,212,000 0.0%Ticket Sales 155,255 140,000 140,000 0.0%Gifts 1,066,165 661,000 675,000 14,000 2.1%Other 2,153,028 1,698,686 1,897,336 198,650 11.7%

Total Revenues 12,210,503$ 11,566,080$ 11,828,650$ 262,570$ 2.3%Expenditures and Transfers

Salaries and Benefits 4,550,795$ 4,497,748$ 4,466,056$ (31,692)$ -0.7%Travel 879,614 470,238 624,189 153,951 32.7%Student Aid 4,527,700 4,784,039 4,807,738 23,699 0.5%Other Operating 2,136,162 1,697,825 1,814,437 116,612 6.9%

Subtotal Expenditures 12,094,274$ 11,449,850$ 11,712,420$ 262,570$ 2.3%Debt Service Transfers 116,230 116,230 116,230Other Transfers

Total Expenditures and Transfers 12,210,503$ 11,566,080$ 11,828,650$ 262,570$ 2.3%Fund Balance Addition / (Reduction)

TOTAL ATHLETICSRevenues

General Funds 14,756,162$ 15,246,809$ 15,465,729$ 218,920$ 1.4%Student Fees for Athletics 8,797,134 8,546,663 8,546,663Ticket Sales 35,437,056 30,853,288 8,083,517 (22,769,771) -73.8%Gifts 31,088,419 30,831,000 21,845,000 (8,986,000) -29.1%Other 77,309,781 74,153,206 65,578,241 (8,574,965) -11.6%


Salaries and Benefits 63,852,777$ 62,481,104$ 62,454,412$ (26,692)$ 0.0%Travel 11,647,604 12,391,371 9,727,640 (2,663,731) -21.5%Student Aid 24,286,177 28,061,910 29,073,901 1,011,991 3.6%Other Operating 47,095,521 42,363,653 41,175,764 (1,187,889) -2.8%

Subtotal Expenditures 146,882,080$ 145,298,038$ 142,431,717$ (2,866,321)$ -2.0%Debt Service Transfers 18,243,348 11,934,388 8,534,388Other Transfers 2,300,142 2,398,540 (31,446,955)

Total Expenditures and Transfers 167,425,570$ 159,630,966$ 119,519,150$ (2,866,321)$ -1.8%Fund Balance Addition / (Reduction) (37,019)$ Includes unrestricted and restricted funds. Other revenue sources include NCAA conference income, tournament income, program sales, concessions, parking,broadcasting, television, radio, internet, endowments, investments, royalties, advertisements, sponsorships, game guarantees, licensing fees, and sports camps.

AthleticsUnrestricted and Restricted Current Funds for Men's and Women's Athletics

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Actual Original Revised Amount %EDUCATIONAL AND GENERALSalaries and Benefits

SalariesAcademic 382,742,089$ 381,290,311$ 376,799,863$ (4,490,448)$ (1.2) %

Non-Academic 381,286,002 384,161,994 385,799,404 1,637,410 0.4 %

Students 10,199,147 8,576,261 8,530,182 (46,079) (0.5) %

Total Salaries 774,227,237$ 774,028,566$ 771,129,449$ (2,899,117)$ (0.4) %

Staff Benefits 268,283,433 270,360,957 272,303,319 1,942,362 0.7 %Total Salaries and Benefits 1,042,510,671$ 1,044,389,523$ 1,043,432,768$ (956,755)$ (0.1) %

Operating 406,709,009 468,995,050 579,122,372 110,127,322 23.5 %

Equipment and Capital Outlay 35,101,910 23,622,302 24,160,006 537,704 2.3 %Total Expenditures 1,484,321,590$ 1,537,006,875$ 1,646,715,146$ 109,708,271$ 7.1 %


SalariesAcademic 653,648$ 697,044$ 726,044$ 29,000$ 4.2 %

Non-Academic 61,735,628 62,072,446 61,603,682 (468,764)$ (0.8) %

Students 4,596,451 5,350,955 5,219,601 (131,354) (2.5) %

Total Salaries 66,985,726$ 68,120,445$ 67,549,327$ (571,118)$ (0.8) %

Staff Benefits 16,989,238 16,737,274 16,568,202 (169,072) (1.0) %

Total Salaries and Benefits 83,974,964$ 84,857,719$ 84,117,529$ (740,190)$ (0.9) %

Operating 116,640,133 116,682,574 115,316,321 (1,366,253) (1.2) %

Equipment and Capital Outlay 405,842 538,470 333,500 (204,970) (38.1) %Total Expenditures 201,020,939$ 202,078,763$ 199,767,350$ (2,311,413)$ (1.1) %


SalariesAcademic 383,395,737$ 381,987,355$ 377,525,907$ (4,461,448)$ (1.2) %

Non-Academic 443,021,629 446,234,440 447,403,086 1,168,646 0.3 %

Students 14,795,597 13,927,216 13,749,783 (177,433) (1.3) %

Total Salaries 841,212,964$ 842,149,011$ 838,678,776$ (3,470,235)$ (0.4) %

Staff Benefits 285,272,671 287,098,231 288,871,521 1,773,290 0.6 %

Total Salaries and Benefits 1,126,485,635$ 1,129,247,242$ 1,127,550,297$ (1,696,945)$ (0.2) %

Operating 523,349,141 585,677,624 694,438,693 108,761,069 18.6 %



Natural ClassificationsUnrestricted Current Funds Expenditures

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Actual Original Revised Amount %EDUCATIONAL AND GENERALSalaries and Benefits

SalariesAcademic 382,742,089$ 381,058,088$ 381,728,446$ 670,358$ 0.2 %

Non-Academic 381,286,002 385,860,332 387,698,026 1,837,694 0.5 %

Students 10,199,147 8,576,261 8,399,600 (176,661) (2.1) %

Total Salaries 774,227,237$ 775,494,681$ 777,826,072$ 2,331,391$ 0.3 %

Staff Benefits 268,283,433 270,230,225 271,759,510 1,529,285 0.6 %Total Salaries and Benefits 1,042,510,671$ 1,045,724,906$ 1,049,585,582$ 3,860,676$ 0.4 %

Operating 406,709,009 451,979,604 467,627,786 15,648,182 3.5 %



SalariesAcademic 653,648$ 697,044$ 726,044$ 29,000$ 4.2 %

Non-Academic 61,735,628 62,072,446 61,603,682 (468,764)$ (0.8) %

Students 4,596,451 5,350,955 5,219,601 (131,354) (2.5) %

Total Salaries 66,985,726$ 68,120,445$ 67,549,327$ (571,118)$ (0.8) %

Staff Benefits 16,989,238 16,737,274 16,568,202 (169,072) (1.0) %

Total Salaries and Benefits 83,974,964$ 84,857,719$ 84,117,529$ (740,190)$ (0.9) %

Operating 116,640,133 116,682,574 115,316,321 (1,366,253) (1.2) %

Equipment and Capital Outlay 405,842 538,470 333,500 (204,970) (38.1) %Total Expenditures 201,020,939$ 202,078,763$ 199,767,350$ (2,311,413)$ (1.1) %


SalariesAcademic 383,395,737$ 381,755,132$ 382,454,490$ 699,358$ 0.2 %

Non-Academic 443,021,629 447,932,778 449,301,708 1,368,930 0.3 %

Students 14,795,597 13,927,216 13,619,201 (308,015) (2.2) %

Total Salaries 841,212,964$ 843,615,126$ 845,375,399$ 1,760,273$ 0.2 %

Staff Benefits 285,272,671 286,967,499 288,327,712 1,360,213 0.5 %

Total Salaries and Benefits 1,126,485,635$ 1,130,582,625$ 1,133,703,111$ 3,120,486$ 0.3 %

Operating 523,349,141 568,662,178 582,944,107 14,281,929 2.5 %

Equipment and Capital Outlay 35,507,752 26,455,024 26,299,426 (155,598) (0.6) %Total Expenditures 1,685,342,529$ 1,725,699,827$ 1,742,946,644$ 17,246,817$ 1.0 %

University of Tennessee SystemFY 2020-21 Revised Budget (RECURRING)

Natural ClassificationsUnrestricted Current Funds Expenditures

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University of Tennessee SystemFY 2020-21 Revised Budget (Recurring)

Unrestricted Current Funds Revenues, Expenditures, and Transfers

ChangeFY 2019-20 FY 2020-21 FY 2020-21

Actual Original Revised Amount %EDUCATIONAL AND GENERALRevenues

Tuition & Fees 764,506,490$ 737,846,711$ 757,134,507$ 19,287,796$ 2.6 %State Appropriations 639,918,152 629,597,952 630,232,352 634,400 0.1 %Grants & Contracts 53,256,325 45,940,594 47,499,044 1,558,450 3.4 %Sales & Service 56,898,631 60,882,793 61,078,759 195,966 0.3 %Other Sources 69,049,649 59,545,292 58,648,203 (897,089) (1.5) %

Total Revenues 1,583,629,248$ 1,533,813,342$ 1,554,592,865$ 20,779,523$ 1.4 %

Expenditures and TransfersInstruction 517,826,331$ 566,624,958$ 567,397,609$ 772,651$ 0.1 %Research 147,846,046 130,090,400 131,598,388 1,507,988 1.2 %Public Service 77,459,911 83,123,609 83,569,501 445,892 0.5 %Academic Support 177,371,195 180,553,872 181,495,594 941,722 0.5 %Student Services 99,453,375 100,800,163 104,318,982 3,518,819 3.5 %Institutional Support 175,763,031 172,380,198 174,170,068 1,789,870 1.0 %Operation & Maintenance of Plant 158,633,657 157,000,671 157,676,700 676,029 0.4 %Scholarships & Fellowships 129,968,045 133,047,193 142,952,452 9,905,259 7.4 %

Subtotal Expenditures 1,484,321,590$ 1,523,621,064$ 1,543,179,294$ 19,558,230$ 1.3 %Mandatory Transfers 13,109,489 8,918,487 8,918,487 Non-Mandatory Transfers 79,126,450 (868,792) (236,895) 631,897 72.7 %

Total Expenditures & Transfers 1,576,557,529$ 1,531,670,759$ 1,551,860,886$ 20,190,127$ 1.3 %

Fund Balance Addition/(Reduction) 7,071,719$ 2,142,583$ 2,731,979$

AUXILIARIESRevenues 253,541,204$ 262,526,727$ 208,552,002$ (53,974,725)$ (20.60) %Expenditures and Transfers

Expenditures 201,020,939 202,078,763 199,767,350 (2,311,413) (1.1) %Mandatory Transfers 54,855,089 44,022,452 47,548,245 3,525,793 8.0 %Non-Mandatory Transfers (393,435) 16,425,512 (38,763,593) (55,189,105) (336.0) %

Total Expenditures & Transfers 255,482,593$ 262,526,727$ 208,552,002$ (53,974,725)$ (20.6) %Fund Balance Addition/(Reduction) (1,941,388)$

TOTALSRevenues 1,837,170,452$ 1,796,340,069$ 1,763,144,867$ (33,195,202)$ (1.8) %Expenditures and Transfers

Expenditures 1,685,342,529$ 1,725,699,827$ 1,742,946,644$ 17,246,817$ 1.0 %Mandatory Transfers 67,964,578 52,940,939 56,466,732 3,525,793 6.7 %Non-Mandatory Transfers 78,733,015 15,556,720 (39,000,488) (54,557,208) (350.7) %

Total Expenditures & Transfers 1,832,040,122$ 1,794,197,486$ 1,760,412,888$ (33,784,598)$ (1.9) %Fund Balance Addition/(Reduction) 5,130,330$ 2,142,583$ 2,731,979$

Original to Revised

B-19

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ChangeFY 2019-20 FY 2020-21 FY 2020-21


Tuition & Fees 764,506,490$ 737,846,711$ 754,681,310$ 16,834,599$ 2.3 %State Appropriations 639,918,152 630,641,552 631,093,152 451,600 0.1 %Grants & Contracts 53,256,325 45,940,594 47,499,044 1,558,450 3.4 %Sales & Service 56,898,631 60,882,793 59,467,883 (1,414,910) (2.3) %Other Sources 69,049,649 59,545,292 58,658,960 (886,332) (1.5) %

Total Revenues 1,583,629,248$ 1,534,856,942$ 1,551,400,349$ 16,543,407$ 1.1 %

Expenditures and TransfersInstruction 517,826,331$ 570,308,488$ 594,259,973$ 23,951,485$ 4.2 %Research 147,846,046 131,117,132 176,348,978 45,231,846 34.5 %Public Service 77,459,911 83,717,359 87,327,025 3,609,666 4.3 %Academic Support 177,371,195 180,940,067 194,097,734 13,157,667 7.3 %Student Services 99,453,375 100,825,163 107,966,320 7,141,157 7.1 %Institutional Support 175,763,031 176,036,643 181,359,871 5,323,228 3.0 %Operation & Maintenance of Plant 158,633,657 155,367,360 156,497,015 1,129,655 0.7 %Scholarships & Fellowships 129,968,045 138,694,663 148,858,230 10,163,567 7.3 %

Subtotal Expenditures 1,484,321,590$ 1,537,006,875$ 1,646,715,146$ 109,708,271$ 7.1 %Mandatory Transfers 13,109,489 10,443,574 10,443,574 Non-Mandatory Transfers 79,126,450 (14,142,340) (107,140,419) (92,998,079) (657.6) %

Total Expenditures & Transfers 1,576,557,529$ 1,533,308,109$ 1,550,018,301$ 16,710,192$ 1.1 %

Fund Balance Addition/(Reduction) 7,071,719$ 1,548,833$ 1,382,048$



Total Expenditures & Transfers 255,482,593$ 262,526,727$ 208,502,002$ (54,024,725)$ (20.6) %Fund Balance Addition/(Reduction) (1,941,388)$ 50,000$

TOTALSRevenues 1,837,170,452$ 1,797,383,669$ 1,759,952,351$ (37,431,318)$ (2.1) %Expenditures and Transfers

Expenditures 1,685,342,529$ 1,739,085,638$ 1,846,482,496$ 107,396,858$ 6.2 %Mandatory Transfers 67,964,578 54,466,026 57,991,819 3,525,793 6.5 %Non-Mandatory Transfers 78,733,015 2,283,172 (145,954,012) (148,237,184) (6,492.6) %

Total Expenditures & Transfers 1,832,040,122$ 1,795,834,836$ 1,758,520,303$ (37,314,533)$ (2.1) %Fund Balance Addition/(Reduction) 5,130,330$ 1,548,833$ 1,432,048$

Original to Revised

B-20

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ChattanoogaFY 2020-21 Revised Budget




Tuition & Fees 123,270,045$ 121,188,927$ 118,790,610$ (2,398,317)$ (2.0) %State Appropriations 59,726,805 60,171,705 60,331,105 159,400 0.3 %Grants & Contracts 982,743 453,856 1,049,400 595,544 131.2 %Sales & Service 4,261,016 4,845,512 2,973,919 (1,871,593) (38.6) %Other Sources 186,651 269,500 269,500

Total Revenues 188,427,260$ 186,929,500$ 183,414,534$ (3,514,966)$ (1.9) %

Expenditures and TransfersInstruction 75,466,590$ 83,897,738$ 82,297,071$ (1,600,667)$ (1.9) %Research 4,893,521 4,675,717 5,299,685 623,968 13.3 %Public Service 2,165,901 2,764,616 2,820,618 56,002 2.0 %Academic Support 19,400,774 17,684,812 18,506,042 821,230 4.6 %Student Services 27,264,201 27,474,764 27,418,017 (56,747) (0.2) %Institutional Support 17,116,398 16,418,754 16,453,269 34,515 0.2 %Operation & Maintenance of Plant 19,457,009 19,159,504 19,223,094 63,590 0.3 %Scholarships & Fellowships 15,950,255 18,615,985 17,577,617 (1,038,368) (5.6) %

Subtotal Expenditures 181,714,648$ 190,691,890$ 189,595,413$ (1,096,477)$ (0.6) %Mandatory Transfers 3,101,633 3,438,000 3,438,000 Non-Mandatory Transfers 3,352,304 (7,200,390) (9,618,879) (2,418,489) (33.6) %

Total Expenditures & Transfers 188,168,585$ 186,929,500$ 183,414,534$ (3,514,966)$ (1.9) %Fund Balance Addition/(Reduction) 258,675$

AUXILIARIESRevenues 19,704,098$ 20,691,519$ 21,063,659$ 372,140$ 1.80 Expenditures and Transfers

Expenditures 13,987,372 12,567,408 14,670,128 2,102,720 16.7 Mandatory Transfers 5,631,418 6,104,333 5,753,253 (351,080) (5.8) Non-Mandatory Transfers (1,364,486) 2,019,778 640,278 (1,379,500) (68.3)

Total Expenditures & Transfers 18,254,304$ 20,691,519$ 21,063,659$ 372,140$ 1.8 Fund Balance Addition/(Reduction) 1,449,794$

TOTALSRevenues 208,131,358$ 207,621,019$ 204,478,193$ (3,142,826)$ (1.5) %Expenditures and Transfers

Expenditures 195,702,020$ 203,259,298$ 204,265,541$ 1,006,243$ 0.5 %Mandatory Transfers 8,733,051 9,542,333 9,191,253 (351,080) (3.7) %Non-Mandatory Transfers 1,987,818 (5,180,612) (8,978,601) (3,797,989) (73.3) %

Total Expenditures & Transfers 206,422,889$ 207,621,019$ 204,478,193$ (3,142,826)$ (1.5) %Fund Balance Addition/(Reduction) 1,708,469$

B-21

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KnoxvilleFY 2020-21 Revised Budget




Tuition & Fees 475,332,006$ 452,788,241$ 472,611,737$ 19,823,496$ 4.4 %State Appropriations 259,295,458 259,660,358 259,812,858 152,500 0.1 %Grants & Contracts 27,688,023 23,910,000 23,910,000 Sales & Service 7,187,080 5,164,937 5,329,970 165,033 3.2 %Other Sources 4,963,466 4,259,427 3,862,518 (396,909) (9.3) %

Total Revenues 774,466,033$ 745,782,963$ 765,527,083$ 19,744,120$ 2.6 %

Expenditures and TransfersInstruction 240,682,866$ 263,052,990$ 280,177,064$ 17,124,074$ 6.5 %Research 83,388,002 75,922,913 105,281,202 29,358,289 38.7 %Public Service 7,080,032 4,806,912 7,785,273 2,978,361 62.0 %Academic Support 80,940,227 88,111,651 90,437,155 2,325,504 2.6 %Student Services 50,931,121 52,824,407 58,583,386 5,758,979 10.9 %Institutional Support 59,895,940 59,715,732 62,192,729 2,476,997 4.1 %Operation & Maintenance of Plant 82,451,840 85,329,737 86,322,029 992,292 1.2 %Scholarships & Fellowships 94,685,242 100,411,578 109,883,479 9,471,901 9.4 %

Subtotal Expenditures 700,055,270$ 730,175,920$ 800,662,317$ 70,486,397$ 9.7 %Mandatory Transfers 4,644,782 742,769 742,769 %Non-Mandatory Transfers 69,421,392 14,864,274 (35,878,003) (50,742,277) (341.4) %

Total Expenditures & Transfers 774,121,444$ 745,782,963$ 765,527,083$ 19,744,120$ 2.6 %Fund Balance Addition/(Reduction) 344,589$



Total Expenditures & Transfers 227,385,680$ 228,907,886$ 174,444,872$ (54,463,014)$ (23.8) %Fund Balance Addition/(Reduction) (3,407,852)$

TOTALSRevenues 998,443,860$ 974,690,849$ 939,971,955$ (34,718,894)$ (3.6) %Expenditures and Transfers

Expenditures 880,885,892$ 910,468,314$ 976,424,429$ 65,956,115$ 7.2 %Mandatory Transfers 50,992,788 35,618,218 39,495,091 3,876,873 10.9 %Non-Mandatory Transfers 69,628,444 28,604,317 (75,947,565) (104,551,882) (365.5) %

Total Expenditures & Transfers 1,001,507,124$ 974,690,849$ 939,971,955$ (34,718,894)$ (3.6) %Fund Balance Addition/(Reduction) (3,063,263)$

Knoxville includes UT Knoxville and the UT Space Institute.

B-22

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MartinFY 2020-21 Revised Budget




Tuition & Fees 64,169,862$ 62,661,462$ 62,206,062$ (455,400)$ (0.7) %State Appropriations 36,452,197 35,419,197 35,369,397 (49,800) (0.1) %Grants & Contracts 140,331 241,400 241,400 Sales & Service 3,364,355 3,577,096 3,672,746 95,650 2.7 %Other Sources 592,488 796,976 796,476 (500) (0.1) %

Total Revenues 104,719,232$ 102,696,131$ 102,286,081$ (410,050)$ (0.4) %

Expenditures and TransfersInstruction 42,500,003$ 44,824,222$ 45,765,352$ 941,130$ 2.1 %Research 165,779 181,451 181,351 (100) (0.1) %Public Service 508,440 817,525 837,636 20,111 2.5 %Academic Support 9,320,666 10,915,267 11,164,072 248,805 2.3 %Student Services 14,280,320 13,642,616 14,357,381 714,765 5.2 %Institutional Support 6,909,730 7,361,923 7,710,697 348,774 4.7 %Operation & Maintenance of Plant 10,634,144 11,001,859 11,037,851 35,992 0.3 %Scholarships & Fellowships 14,024,165 12,407,954 13,656,234 1,248,280 10.1 %

Subtotal Expenditures 98,343,249$ 101,152,817$ 104,710,574$ 3,557,757$ 3.5 %Mandatory Transfers 552,276 553,053 553,053 Non-Mandatory Transfers 3,125,498 990,261 (2,977,546) (3,967,807) (400.7) %

Total Expenditures & Transfers 102,021,023$ 102,696,131$ 102,286,081$ (410,050)$ (0.4) %Fund Balance Addition/(Reduction) 2,698,209$

AUXILIARIESRevenues 8,299,456$ 10,124,296$ 10,124,296$ Expenditures and Transfers

Expenditures 4,222,230$ 6,786,435$ 6,786,435$ Mandatory Transfers 2,659,769 2,672,170 2,672,170 Non-Mandatory Transfers 1,385,784 665,691 665,691

Total Expenditures & Transfers 8,267,783$ 10,124,296$ 10,124,296$ Fund Balance Addition/(Reduction) 31,672$

TOTALSRevenues 113,018,688$ 112,820,427$ 112,410,377$ (410,050)$ (0.4) %Expenditures and Transfers

Expenditures 102,565,480 107,939,252 111,497,009 3,557,757 3.3 %Mandatory Transfers 3,212,045 3,225,223 3,225,223 Non-Mandatory Transfers 4,511,282 1,655,952 (2,311,855) (3,967,807) (239.6) %

Total Expenditures & Transfers 110,288,807$ 112,820,427$ 112,410,377$ (410,050)$ (0.4) %Fund Balance Addition/(Reduction) 2,729,881$

B-23

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Health Science CenterFY 2020-21 Revised Budget




Tuition & Fees 89,167,128$ 88,472,873$ 88,472,873$ State Appropriations 162,456,024 163,011,624 163,202,524 190,900$ 0.1 %Grants & Contracts 19,070,639 16,896,662 16,896,662 Sales & Service 16,083,854 19,360,419 19,404,781 44,362 0.2 %Other Sources 2,736,290 1,071,920 1,071,920

Total Revenues 289,513,934$ 288,813,498$ 289,048,760$ 235,262$ 0.1 %

Expenditures and TransfersInstruction 123,468,531$ 137,851,621$ 146,579,955$ 8,728,334$ 6.3 %Research 18,145,488 8,126,446 22,135,629 14,009,183 172.4 %Public Service 211,138 329,340 761,983 432,643 131.4 %Academic Support 57,402,868 54,669,180 64,092,349 9,423,169 17.2 %Student Services 6,977,734 6,883,376 7,607,536 724,160 10.5 %Institutional Support 33,527,962 29,297,464 32,102,062 2,804,598 9.6 %Operation & Maintenance of Plant 42,443,125 34,097,888 34,098,324 436 - %Scholarships & Fellowships 5,220,196 7,160,831 7,617,357 456,526 6.4 %

Subtotal Expenditures 287,397,041$ 278,416,146$ 314,995,195$ 36,579,049$ 13.1 %Mandatory Transfers 4,674,404 5,579,752 5,579,752 Non-Mandatory Transfers (2,221,403) 4,817,600 (31,476,187) (36,293,787) (753.4) %

Total Expenditures & Transfers 289,850,042$ 288,813,498$ 289,098,760$ 285,262$ 0.1 %Fund Balance Addition/(Reduction) (336,109)$ (50,000)$

AUXILIARIESRevenues 1,559,823$ 2,803,026$ 2,919,175$ 116,149$ 4.10 %Expenditures and Transfers

Expenditures 1,583,737 2,432,526 2,548,675 116,149 4.8 %Mandatory Transfers 215,896 370,500 370,500 Non-Mandatory Transfers (224,807) (50,000) (50,000)

Total Expenditures & Transfers 1,574,826$ 2,803,026$ 2,869,175$ 66,149$ 2.4 %Fund Balance Addition/(Reduction) (15,002)$ 50,000$

TOTALSRevenues 291,073,757$ 291,616,524$ 291,967,935$ 351,411$ 0.1 %Expenditures and Transfers

Expenditures 288,980,778$ 280,848,672$ 317,543,870$ 36,695,198$ 13.1 %Mandatory Transfers 4,890,300 5,950,252 5,950,252 Non-Mandatory Transfers (2,446,210) 4,817,600 (31,526,187) (36,343,787) (754.4) %

Total Expenditures & Transfers 291,424,868$ 291,616,524$ 291,967,935$ 351,411$ 0.1 %Fund Balance Addition/(Reduction) (351,111)$

B-24

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Institute of AgricultureFY 2020-21 Revised Budget




Tuition & Fees 12,567,450$ 12,735,208$ 12,600,028$ (135,180)$ (1.1) %State Appropriations 92,111,664 92,419,664 92,419,764 100 - %Grants & Contracts 5,198,463 4,350,205 4,350,205 Sales & Service 26,002,327 27,934,829 28,086,467 151,638 0.5 %Other Sources 18,082,169 16,577,181 16,869,948 292,767 1.8 %

Total Revenues 153,962,074$ 154,017,087$ 154,326,412$ 309,325$ 0.2 %

Expenditures and TransfersInstruction 35,708,342$ 40,681,917$ 39,440,531$ (1,241,386)$ (3.1) %Research 41,253,256 42,210,605 43,451,111 1,240,506 2.9 %Public Service 45,721,372 51,702,756 52,050,749 347,993 0.7 %Academic Support 10,049,635 9,302,757 9,641,716 338,959 3.6 %Student ServicesInstitutional Support 2,834,153 2,747,198 2,747,273 75 - %Operation & Maintenance of Plant 3,647,538 3,778,372 3,815,717 37,345 1.0 %Scholarships & Fellowships 88,187 98,315 123,543 25,228 25.7

Subtotal Expenditures 139,302,483$ 150,521,920$ 151,270,640$ 748,720$ 0.5 %Mandatory TransfersNon-Mandatory Transfers 14,138,361 1,872,600 1,488,203 (384,397) (20.5) %

Total Expenditures & Transfers 153,440,844$ 152,394,520$ 152,758,843$ 364,323$ 0.2 %Fund Balance Addition/(Reduction) 521,230$ 1,622,567$ 1,567,569$

B-25

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Institute for Public ServiceFY 2020-21 Revised Budget




Tuition & FeesState Appropriations 13,766,087$ 13,792,987$ 13,815,487$ 22,500$ 0.2 %Grants & Contracts 176,126 88,471 1,051,377 962,906 1,088.4 %Sales & ServiceOther Sources 11,832,137 12,293,658 11,511,968 (781,690) (6.4) %

Total Revenues 25,774,349$ 26,175,116$ 26,378,832$ 203,716$ 0.8 %

Expenditures and TransfersInstructionResearchPublic Service 21,773,027$ 23,296,210$ 23,070,766$ (225,444)$ (1.0) %Academic Support 257,024 256,400 256,400 %Student ServicesInstitutional Support 721,177 755,665 752,165 (3,500) (0.5) %Operation & Maintenance of PlantScholarships & Fellowships

Subtotal Expenditures 22,751,228$ 24,308,275$ 24,079,331$ (228,944)$ (0.9) %Mandatory TransfersNon-Mandatory Transfers 3,061,659 2,060,345 2,220,345 160,000 7.8 %

Total Expenditures & Transfers 25,812,887$ 26,368,620$ 26,299,676$ (68,944)$ (0.3) %Fund Balance Addition/(Reduction) (38,538)$ (193,504)$ 79,156$

B-26

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System AdministrationFY 2020-21 Revised Budget




Tuition & FeesState Appropriations 16,109,917$ 6,166,017$ 6,142,017$ (24,000)$ (0.4) %Grants & ContractsSales & ServiceOther Sources 30,656,449 24,276,630 24,276,630

Total Revenues 46,766,366$ 30,442,647$ 30,418,647$ (24,000)$ (0.1) %

Expenditures and TransfersInstructionResearchPublic ServiceAcademic SupportStudent ServicesInstitutional Support 54,757,671$ 59,739,907$ 59,401,676$ (338,231)$ (0.6) %Operation & Maintenance of Plant 2,000,000 2,000,000 Scholarships & Fellowships

Subtotal Expenditures 54,757,671$ 61,739,907$ 61,401,676$ (338,231)$ (0.5) %Mandatory Transfers 136,394 130,000 130,000 Non-Mandatory Transfers (11,751,361) (31,547,030) (30,898,352) 648,678 2.1 %

Total Expenditures & Transfers 43,142,704$ 30,322,877$ 30,633,324$ 310,447$ 1.0 %Fund Balance Addition/(Reduction) 3,623,662$ 119,770$ (214,677)$

B-27

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AGENDA ITEM SUMMARY


Item: FY 2020-21 Tuition and Fees for the Health Science Center

Type: Action

Presenter: Bill Rhodes, Chair of the Finance and Administration Committee

Background Information

The Health Science Center is presenting its proposed FY 2021-22 student tuition and fee schedules at this meeting rather than waiting until the Board meeting in June. Although the academic year for the other campuses begins in August of each year, for UTSHC it begins on July 1. Waiting until the June meeting for tuition and fees approval creates a challenge for UTHSC students to have financial plans in place before the academic year begins.

UTHSC proposes reducing out-of-state tuition and fees of one program (Doctor of Medicine) and both in state and out-of-state tuition and fees of one program (MS Forensic Dentistry). Tuition for all other programs will remain unchanged. A description of all proposed changes and schedules of proposed FY 2021-22 tuition and fee levels for all programs can be found in the following materials.

Board Action

The Chair will call for a motion to recommend adoption of the following Resolution by the Board of Trustees.

Resolved: The Board of Trustees hereby approves the FY 2021-22 tuition and fees for the UT Health Science Center as presented in the meeting materials, which shall be attached to this Resolution following adoption.

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64


UTHSC tuition changes proposed for Board approval: Reduce Doctor of Medicine out-of-state tuition from $60,489 to $51,850. Two years ago, the College of Medicine set a goal to bring out-of-state tuition for the College of Medicine down to the 150% of the in-state rate. It was reduced to 175% last year. This change will reach the goal of 150%. In the fall 2019, 6.5% of medical students were classified as out-of-state which grew modestly in the fall 2020. With continued growth over the next four years, the revenue will break even to the fall 2019 (FY 2020) level. The campus will manage the shortfall within the current budget over this period. Reduce Master’s in Forensic Dentistry in-state tuition from $16,712 to $13,500 and out-of-state tuition from $25,140 to $18,500. The College of Graduate Health Sciences proposes a special rate for the Master’s in Forensic Dentistry run through the Graduate School of Medicine in Knoxville. The program is a specialized program (similar to the Master’s in Pharmacology) with very limited enrollment – two in the fall 2020. UTHSC fee changes presented for information purposes (these do not require Board approval): Increase Dentistry Clinic Utilization Fee from $3,200 to $4,800. The fee is used to support operations of the Pre-Doctoral clinic, the largest clinic within the college. It provides a training ground for the students seeking the DDS degree. Increase Nursing DNP Digital Materials Fee from $40 to $155. The program is changing its clinical tracking software to a more robust system that will facilitate students’ clinical education. The price of the new system ($115) will be added to the existing $40 Digital Materials Fee for a total of $155 per year. Including the price in the fee allows students to use financial aid to cover the cost. Establish a new Pharmacy Immunization Certificate Fee of $150. This is a new fee that will be charged to all first-year Doctor of Pharmacy students for their immunization certification through American Pharmacists Association. The fee will cover the cost of the certificate test and required materials. Assessing this to students as a fee allows them to use financial aid to pay for the test instead of paying out of pocket. Increase Pharmacy Medication Therapy Management Certification Fee from $100 to $125. This fee is currently charged to third-year Pharmacy students in order to take the test for Medication Therapy Management Certification. The cost of the test has increased, so the fee is being increased. Assessing this cost to students as a fee allows them to use financial aid to pay for the test instead of paying out of pocket.

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65


Health Science CenterFY 2021-22 Annual Tuition and Fees

Tuition

FY 2020-21 FY 2021-22 Amount Percent

Graduate Health Sciences 10,894$ 10,894$ MS Pharmacology & Forensic Dentistry 16,712 16,712 MS Forensic Dentistry 16,712 13,500 (3,212) -19.2%Medicine Doctor of Medicine 34,566 34,566 Physician Assistant 22,924 22,924 Dentistry General DDS 30,388 30,388 Transitional DDS 73,028 73,028 Dental Hygiene Bachelor of Science 9,988 9,988 Pharmacy 22,370 22,370 Nursing Bachelors 12,705 12,705 Graduate 18,698 18,698 Health Professions Medical Technology 7,990 7,990 Audiology & Speech Pathology **** 11,110 11,110 Entry Level Advanced Degrees * 13,814 13,814 Masters of Cytopathology Practice 9,900 9,900 Entry Lev Adv Degrees Audiology/Speech Path** 18,820 18,820 Post-Professional Degrees *** 10,068 10,068 Masters of Clinical Lab Science 10,068 10,068

Graduate Health Sciences 16,542$ 16,542$ MS Pharmacology & Forensic Dentistry 25,140 25,140 MS Forensic Dentistry 25,140 18,500 (6,640) -26.4%Medicine Doctor of Medicine 60,489 51,850 (8,639)$ -14.3%Physician Assistant 38,962 38,962 Dentistry General DDS 69,148 69,148 Transitional DDS 73,028 73,028 Dental Hygiene Bachelor of Science 19,976 19,976 Pharmacy 27,374 27,374 Nursing Bachelors 36,930 36,930 Graduate 43,538 43,538 Health Professions Entry Level Bachelor of ScienceMedical Technology 12,000 12,000 - 0.0%Audiology & Speech Pathology **** 29,300 TBD ****Entry Level Advanced Degrees * 31,796 31,796 Masters of Cytopathology Practice 14,400 14,400 - 0.0%Entry Lev Adv Degrees Audiology/Speech Path** 43,396 43,396 Post-Professional Degrees *** 28,008 28,008 Masters of Clinical Lab Science 14,400 14,400 - 0.0%

* Entry Level Advanced Degrees ** Entry Level Advanced Degrees Audiology/Speech PathDoctor of Physical Therapy Doctor of AudiologyMaster of Occupational Therapy Master of Science in Speech-Language Pathology

Transitional Doctor of Audiology

*** Post-Professional Degrees **** Bachelor of Audiology & Speech PathologyDoctor of Science in Physical Therapy This is a joint degree with UTK where UTHSC will teach Master of Science in Physical Therapy the 4th year of the Bachelor's program but charge theTransitional Doctor of Physical Therapy UTK tuition rate.

Change

IN-STATE

OUT-OF-STATE

4.1

66


CHANGEFY 2020-21 FY 2021-22 Amount Percent

OTHER FEES

Health Insurance * 3,432$ TBD *Disability Insurance 44 TBD *Malpractice Insurance

MedicineClass of 2021 and 2022 14 14 Class of 2019 and 2020 43 43

Pharmacy 20 20 Nursing 20 20 Health Professions 20 20 Dentistry 17 17

Course Proficiency Exam Fee 200 200 Other Fees - Health Professions CHP OT Board Review Fee 150 150 CHP OT Media Fee 150 150 Other Fees - NursingCON Pre-Licensure Digital Course Materials Fee-1st Term 617 617 CON Pre-Licensure Digital Course Materials Fee-2nd Term 617 617 CON Pre-Licensure Digital Course Materials Fee-3rd Term 617 617 CON DNP Digital Course Materials Fee 40 155 115 287.5%CON Nursing Kit 311 311 CON Digital Equipment Fee 420 420 CON Board Review Fee 315 315 Other Fees - MedicineCOM Step 1 Exam Prep Fee 120 120 COM PA Digital Course Materials Fee 48 48 COM PA Medical Equipment Fee 476 476 COM PA Board Review Fee 268 268 Other Fees - PharmacyCOP Pre-Naplex Exam Fee-4th Year all in Fall Semester 80 80 COP MTM Certificate Fee-3rd Year all in Fall Semester 100 125 25 25.0%COP Point of Care Testing Certificate Fee 140 140 COP Board Review Fee 175 175 COP Immunization Certificate Fee 150 150 NEWOther Fees - DentistryCOD Dentistry Student Government 60 60 COD Laboratory and Clinical Utilization Fee 3,200 4,800 1,600 50.0%COD Graduate Endodontics Clinical Utilization Fee 12,750 12,750 COD Graduate Orthodontics Clinical Utilization Fee 7,000 7,000

Audiology Mandatory Fees (UTK Campus) 1,932 1,932 * Health insurance rates for FY 2021-22 will be known in April or May. The change will be addressed at the June, 2021 Board of Trustees Meeting.


Other Fees 4.1

67


Health Science CenterFY 2021-22 Annual Tuition And Fees

Mandatory Fees

CHANGEFY 2020-21 FY 2021-22 Amount Percent

IN-STATE AND OUT-OF-STATE

Student Programs and Services Fee (SPSF)Student Activity 26$ 26$ Campus Recreation 40 40 Campus Improvement 50 50 Simulation Center Equipment Fee 300 300 Debt Service 54 54 Computer Based Testing Fee 50 50 Health Services 200 200 Counseling 280 280

Total Student Programs and Services Fee (SPSF) 1,000$ 1,000$ Other Mandatory Fees

Technology 240$ 240$ Graduation/Yearbook 50 50

Total Other Fees 1,290$ 1,290$

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68



Online Fees

FY 2020-21 FY 2021-22 Amount PercentUNDERGRADUATE MEDICAL TECHNOLOGY

IN-STATECourse Fee 350$ 350$ Online Support 46 46Total 396$ 396$

OUT-OF-STATECourse Fee 415$ 415$ Online Support 46 46Total 461$ 461$

Graduate



HEALTH INFORMATICS AND INFORMATION MANAGEMENT



NURSING DOCTORATE



Change

4.1

69

2021 - Winter Meeting of the Board of Trustees - XI. Presentation: Campus Safety (Clery Act Compliance Update)

Clery Act Compliance Update

Christina A. Moradian, J.D., M.B.A.

System Clery and Deputy Title IX Compliance Coordinator

5

70


Overview of the Clery Act• Jeanne Clery Disclosure of Campus Security

Policy and Campus Crime Statistics Act (Clery Act) signed into law in 1990

• Aims to provide transparency around crime on campus

• All higher education institutions that receive federal funding are obligated to comply with the Clery Act

• Clery regulations are one aspect of campus security and safety

5

71


Created Clery Audit Dashboard

Campus AuditDashboard Recommendation Source Status Response

UTMEnsure crime statistics reported in the 2019 ASR and other ASRs agree with the crime statistics reported in

the Department of Education’s databaseUT Audit COMPLETED Clery Coordinator provided documentation confirming that ASR

statistics agreed with DOE data survey on January 14, 2020.

UTM Maintain accurate and complete list of CSAs UT Audit COMPLETED

Clery Coordinator collaborated with HR to develop a list of CSAs based on the recommended list in the Clery Handbook. CSAs are

coded into IRIS and tracked through that system. All new positions are evaluated for CSA responsibilities by the Clery Coordinator.

UTM Track attendance or completion of CSA training and enforce training UT Audit COMPLETED

System developed CSA training for UTM. Training was uploaded into K@TE and launched on September 1, 2020.

100% training completion achieved and attendance is tracked through K@TE and the Clery Coordinator.

Recap of Recently Completed System Clery Initiatives

5

72


Developed CSA training videoRecap of Recently Completed System Clery Initiatives

5

73


Drafted System Clery PolicyRecap of Recently Completed System Clery Initiatives

5

74


Additional Completed Initiatives¸ Established monthly system-wide Clery

Coordinator meetings to provide compliance

guidance, legal updates, shared resources, and

best practices

¸ Developed shared resources including Clery Act

program review summaries, recordkeeping

documents, crime log maintenance guidance,

VAWA program requirement checklists, and peer

group benchmarks

¸ Developed Annual Security Report timelines and

checklists to facilitate campus compliance with

regulation deadlines and requirements

¸ Established an interdisciplinary team at UTHSC that

works to reconcile crime information and evaluate

campus policies and programs around safety

¸ Identified UTHSC’s properties and leases and

evaluated each location to determine Clery Act

geography designation

¸ Reviewed UTHSC’s crime statistics in preparation for

2020 Annual Security Report publication

¸ Conducted 3 day in-person audit of UTM crime

statistics in preparation for 2020 Annual Security

Report publication

5

75


Ensuring Compliance with the ASR

The number one priority for System Clery Compliance in 2020 was to support the accurate and timely publication of Annual Security Reports by:

Reviewing campus ASRs for completeness using the Department of Education’s ASR checklist

Verifying that crime statistics in ASRs agreed with Campus Safety and Security web-based survey

Achieving 100% timely publication and distribution across the UT System

5

76


Supporting the “Transparent UT” Initiative

Centralized access to campus Annual Security Reports on the Transparent UT website

• UT Knoxville (2020)

• UT Chattanooga (2020)

• UT Martin (2020)

• UT Health Science Center (2020)

• UT Space Institute (2020)

5

77

https://clery.utk.edu/wp-content/uploads/sites/31/2020/10/2020-ASFSR.pdf

https://new.utc.edu/sites/default/files/2021-01/2020 Annual Security and Fire Safety Report_1-7-21.pdf

https://www.utm.edu/departments/publicsafety/_pdfs/UTM 2020 official ASFSR.pdf

https://uthsc.edu/campus-police/clery-act/documents/2020-annual-security-report.pdf

https://www.utsi.edu/campus-security-2/annual-security-and-fire-report/


Crime and Fire Statistics for the Past 3 Years are Located in Each Campus’ ASR

5

78


2021 Goals for System Clery• Continue to implement audit

recommendations

• Finalize System-wide Clery Act Policy

• Monitor regulatory landscape and the potential effect on Clery compliance

• Support best practice initiatives across all campuses

5

79


Questions?

5

80

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Winter Meeting of the Board of Trustees - Feb. 25, 2021

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Transcript of Winter Meeting of the Board of Trustees - Feb. 25, 2021