FY23 Strategic Plan and Budget Report

APPROVED 08/18/2022
OPERATING BUDGET
ORGANIZATIONAL
STRUCTURE
& BUDGET
FRAMEWORK
TSTC’s organizational and leadership structures
remain consistent for fiscal year 2023, with no
major changes in organizational structure or
operating division hierarchy from the prior year.
The overall allocation of resources across the
functional divisions of the College is illustrated
below.
PRESENTATIONS,
ASSUMPTIONS &
ESTIMATES
Various line items in prior year budget and
actual amounts have been reclassified
to align with the current organizational
structure and budget framework for
consistency in comparative analysis.
Fiscal year 2022 forecast amounts and
certain fiscal year 2023 budget amounts use
available data and related estimates as of
May 31, 2022.
The College will realize appropriation
revenues in fiscal year 2023 in accordance
with bill patterns established by the 87th
Legislature.
Figure 05
2023 BUDGET
$258,398,719
TSTC prepares budgets using a cash basis of
accounting, which includes budgeting tuition
revenue net of discounts and allowances,
budgeting debt service payments (total
principal and interest) as an expense,
excluding interest expense and depreciation
expense, and also excluding non-cash
accounting adjustments such as pension
and other post-employment benefits (OPEB)
accruals.
MEASURE
PLAN
EXECUTE
BUDGET
The annual budget report is simply a starting
point each year. TSTC anticipates many
refinements to this budget throughout the
year as the needs and circumstances of TSTC
departments continually change.
Instruction
Student Financial Aid
Student Services
Facilities & Plant
Statewide Administration
Finance
External Relations
Shared Resources
Statewide Benefits
25.09%
15.73%
12.45%
7.56%
2.28%
4.64%
6.06%
14.14%
12.05%
STRATEGIC PLAN & BUDGET REPORT
17