Revenue

Definitions
Available University Fund (AUF)

Distributions from the total return on all investment assets of the Permanent University Fund. AUF distribution represents the 45% "Excellence" distribution made in accordance with the Regental AUF Spending Policy.

Full-Time Equivalent (FTE) Students

Annualized FTE students represent the sum of undergraduate and technical (UT Brownsville) semester credit hours divided by 30, master’s and professional semester credit hours divided by 24, doctoral semester credit hours divided by 18. Semester credit hours include state-funded and excess hours.

Higher Education Assistance Fund (HEAF)

Funding can be used to acquire land; construct, repair, and rehabilitate buildings; and purchase capital equipment and library materials.

Non-Operational Revenue

Refers to revenue produced from AUF + Adjusted Investment Income.

Operational Revenue

Refers to revenue (tuition & fees and state appropriations) generated from all students.

State Appropriations

Includes general revenue support from the State of Texas for instruction and operations, infrastructure support, special items, tuition revenue bond debt service (TRBs), and group health insurance and employee benefits.

Tuition and Fee Revenue

The net of scholarship and fellowship discounts and waivers.

Tuition Revenue Bonds (TRB)

Typically used for capital projects.

Discounts & Allowances (used by IPEDS - Finance)

Discounts and allowances applied to tuition and fees are reductions to the amount charged for tuition and fees by the application of scholarships and fellowships. This amount is equal to the amount of scholarships applied to tuition and fees.

Operational Revenue (IPEDS - Finance)

Total operating revenues is the sum of all operating revenues. They result from providing services and producing and delivering goods.

State Appropriations (IPEDS - Finance)

State appropriations are amounts received by the institution through acts of a state legislative body, except grants and contracts and capital appropriations. Funds reported in this category are for meeting current operating expenses, not for specific projects or programs.

Tuition and Fee (IPEDS - Finance)

Tuition and fees are revenues from all tuition and fees assessed against students (net of refunds and discounts & allowances) for educational purposes. If tuition or fees are remitted to the state as an offset to the state appropriation, the total of such tuition or fees should be deducted from the total state appropriation and added to the total for tuition and fees. If an all-inclusive charge is made for tuition, board, room, and other services, a reasonable distribution is made between revenues for tuition and fees and revenues for auxiliary enterprises. Tuition and fees excludes charges for room, board, and other services rendered by auxiliary enterprises.

Per Full-Time Equivalency (FTE) Student - (used by IPEDS Finance)

Revenues are divided by fall FTE student enrollment (IPEDS).

Notes

Revenue data were adjusted to the FY 2011 base year for inflation using the Consumer Price Index - Urban (CPI - U) for September of each year.
The UT Brownsville and UT Pan American campuses closed at the end of AY 2015. UT Rio Grande Valley began enrolling students in Fall 2015.

Sources

UT System Annual Financial Report; UT System Controller; U.S. Bureau of Labor Statistics

The Integrated Postsecondary Education Data System (IPEDS)