FY23 Strategic Plan and Budget Report

APPROVED 08/18/2022
OPERATING
REVENUES
REVENUE MIX
TSTC derives its budget from several sources
of funds. State appropriations are the most
significant revenue source, comprising over
half of the College’s total revenues. Tuition
revenue increased approximately $10 million
in fiscal year 2022, and now represents over
20% of total revenues. Student Financial Aid
passes through the College as revenue and
is eventually applied to students’ accounts
through an offsetting/equal expense. Other
supplemental revenues including grants, pilot
training fees, housing rents, retail sales and
contract-related income combine to account
for a smaller, but still significant, amount of
revenues. Figure 06 below demonstrates
the relative contributions from the different
sources of funds.
2023 Appropriations
Figure 06
14%
Student
Financial
Assistance
20
22%
Tuition
Other*
Grants
2023 Revenues
$253,489,221
Auxiliary Services
12%
Other*
Other 3.11%
STRATEGIC PLAN & BUDGET REPORT
52%
State
Appropriations
5.58%
3.51%
STATE
APPROPRIATIONS
Total General Revenue appropriations for
fiscal year 2023 are nearly identical to fiscal
year 2022 amounts, as both years were
appropriated in the General Appropriations Act
that resulted from the 87th legislative session.
By the conclusion of that regular session in
May 2021, the Texas Legislature had once
again affirmed TSTC’s returned-value formula
by funding TSTC for the full amount earned in
the formula. TSTC also saw a slight increase in
the Education & General (E&G) Space Support
Appropriation covering the two year period, as
the Texas Legislature generally increased these
amounts for all institutions across the state.
Other components of appropriation funding
are considered “non-formula support”, which
include the Small Institution Supplement,
Institutional Enhancement, System Office
Operations, and Startup Funding strategies
for the North Texas and Fort Bend County
campuses. Capital improvement funding from
the Higher Education Assistance Funds (HEAF)
appropriation, employee payroll taxes and
benefits funding, and specific appropriations
that pay for Tuition Revenue Bond retirement
(debt service) also contribute to total TSTC
appropriations.
Figure 07
53%
Returned-Value
Formula
Other*
E&G Space Support
Start Up Funding
2023 State
Appropriations
$131,435,559
Small Institution Supplement
Institutional Enhancement
System Office Operations
19%
Benefits
2%
Debt Service
19%
Other*
7%
HEAF
5.68%
4.09%
3.01%
2.70%
1.94%
Other 1.36%