budget gap

Budget Gap

Estimated budget gap has been reduced from $377 million to $122 million due to increases in state appropriations, cost savings, and BAG initiatives.

Enrollment

The percentage of out-of-state students increased on all campuses. Out-of-state/foreign enrollment increased from 9.6 percent in Fall 2014 to 10.7 percent in Fall 2016.

Tuition

  • Three consecutive years of undergraduate tuition increases below the Higher Education Price Index.
  • UT Chattanooga and UT Martin reduced out-of-state tuition on a regional basis to be more competitive.
  • Tuition and other mandatory fees held equal to or less than the peer average adjusted for state appropriations.

Complete College Tennessee Act Performance Funding Model

UT continually ranks within the top five of the Complete College Tennessee Act performance formula funding rankings annually.

Research

Units reviewed direct and indirect cost sharing on grants and contracts and implemented incentives for departments to minimize the level of cost sharing.

Outreach

Number of customers and/or clients served increased 16 percent from 4.5 million in fiscal year 2014 to 5.2 million in fiscal year 2016.

Development

Total number of gifts, pledges and bequests grew more than 15 percent per year based on a five-year average. UT received $304 million in fiscal year 2015 and $240 million in fiscal year 2016 in gifts, pledges and bequests. The goals were $184 million in fiscal year 2015 and $211 million in fiscal year 2016.

Additional Achievements

  • Developed a two-year allocation and reallocation plan to address deferred maintenance needs based upon $25 million minimum system-wide including current efforts. In fiscal year 2016, more than $28 million was spent on deferred maintenance, far exceeding the one-year goal of $12.5 million.

  • Created differential tuition plan (15 hours per semester to graduate in four years) at UT Knoxville and UT Martin.

  • Identified unfunded mandates for tuition waivers/discounts.

  • Studied tenure and post-tenure review processes.