FY23 Strategic Plan and Budget Report

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Total Statewide Administration Personnel Costs 3,639,646 3,475,438 3,689,076 Operating Costs 1,776,172 1,945,514 2,212,811 Total 5,415,818 5,420,952 5,901,887 Debt Services & Leases Operating Costs 12,381,957 16,441,131 15,171,063 Total 12,381,957 16,441,131 15,171,063 APPROVED 08/18/2022 Grants Personnel Costs 38,633 1,968,562 2,290,534 Operating Costs FY 2021 4,082,533 FY 2022 10,960,000 FY 2023 8,083,594 Total Expense Type Original Budget 4,121,166 Original 12,928,562 Budget Original Budget 10,374,128 Instruction Strategic Academics Pool Personnel Costs 9,149,308 0 4,584,280 7,873,583 8,000,000 7,754,729 Operating Costs 755,084 0 3,415,720 685,718 3,000,000 663,718 Total 9,904,392 0 8,000,000 8,559,301 11,000,000 8,418,447 Aerospace Personnel Costs 3,746,679 2,739,787 3,057,218 TOTAL OPERATING EXPENSES Operating Personnel Costs 131,939,123 1,479,990 127,685,390 1,242,707 137,846,545 3,004,435 Total Operating Costs 104,007,984 5,226,669 112,805,547 3,982,494 120,552,174 6,061,653 Allied Health Personnel Total Costs 235,947,107 4,129,305 240,490,937 3,886,986 258,398,719 3,771,147 Operating Costs 617,534 539,930 222,786 Total 4,746,839 4,426,916 3,993,933 C4EO Personnel Costs 1,530,140 1,667,388 1,675,746 Operating Costs 343,774 343,774 343,774 Total 1,873,914 2,011,162 2,019,520 Construction & Safety Personnel Costs 1,433,741 1,455,865 1,715,942 Operating Costs 212,166 212,166 212,166 Total 1,645,907 1,668,031 1,928,108 Digital Transformation Personnel Costs 5,213,300 4,686,006 4,703,313 Operating Costs 316,351 316,351 373,211 Total 5,529,651 5,002,357 5,076,524 Electrical Instrumentation Personnel Costs 6,062,626 5,984,687 6,980,879 Operating Costs 492,738 552,832 867,458 Total 6,555,364 6,537,519 7,848,337 Industrial Manufacturing Personnel Costs 7,334,024 6,587,549 7,065,873 Operating Costs 1,267,210 1,297,210 1,468,458 Total 8,601,234 7,884,759 8,534,331 Instructional Pool Personnel Costs 3,307,044 3,554,000 3,341,469 Operating Costs 6,519,830 4,257,298 2,820,500 Total 9,826,874 7,811,298 6,161,969 Instructional Sales Personnel Costs 701,812 476,328 586,352 Operating Costs 60,762 60,762 60,762 Total 762,574 537,090 647,114 Provosts & Administration Personnel Costs 5,216,464 6,097,403 6,829,512 Operating Costs 702,076 871,086 939,186 Total 5,918,540 6,968,489 7,768,698 Strategic Partnerships Personnel Costs 125,744 84,324 0 Operating Costs 56,200 56,200 0 Total 181,944 140,524 0 Transportation Personnel Costs 3,772,873 3,665,374 3,832,546 Operating Costs 414,933 414,933 414,933 Total 4,187,806 4,080,307 4,247,479 Vision & Alignment Personnel Costs 1,398,534 1,164,293 1,148,552 Operating Costs 448,959 448,959 964,719 Total 1,847,493 1,613,252 2,113,271 Total Instruction Personnel Costs 53,121,594 49,923,573 52,463,278 Operating Costs 13,687,607 11,299,926 12,356,106 Total 66,809,201 61,223,499 64,819,384 Student Financial Aid College Work Study Personnel Costs 637,308 441,468 435,782 Operating Costs 682,403 480,000 1,000,000 Total 1,319,711 921,468 1,435,782 Equal Opportunity Grants Operating Costs 2,800,000 2,520,000 2,550,000 Total 2,800,000 2,520,000 2,550,000 Institutional Scholarships Operating Costs 1,092,000 1,102,500 1,302,500 Total 1,092,000 1,102,500 1,302,500 Loans Operating Costs 650,000 650,000 700,000 Total 650,000 650,000 700,000 Pell Grants Operating Costs 28,000,000 27,000,000 30,000,000 40 STRATEGIC PLAN & BUDGET REPORT
APPROVED 08/18/2022 EXHIBIT VI: TSTC Definitions Big 3 Strategic Imperatives - 1. Be Different in Compelling Ways 2. Be Responsive and Accountable to Texas Industries 3. Be Better than Others CCAP - Capital Construction Assistance Projects Core Values - Excellence, Accountability, Service and Integrity (EASI) Critical Pairings - Identifying unique value propositions by strategically pairing strengths, weaknesses, opportunities and threats. ERP – Enterprise Resource Planning software used to transform business processes, people and technology. Necessary Transformations - The changes needed to transform the future of TSTC. 1. Build Integrated Marketing 2. Retool the Production Floor 3. Execute on Capital Construction Assistance Projects 4. Re-Engineer Process & Technology Infrastructure 5. Cultivate a Performance-Based Culture 6. Fortify Appropriation Funding Sources PBE - Performance-Based Education Pipeline – The progression of a student through TSTC from time of application to measuring wages in a placed job in the Texas workforce. PMTIGPJ - Place More Texans In Great Paying Jobs SEE – Survey of Employee Engagement, an annual survey that TSTC participates in to gather data on the teammates’ perception of the College. SWOT - Strengths, Weaknesses, Opportunities, Threats WIG – Wildly Important Goal, a Franklin Covey term from the book 4 Disciplines of Execution. STRATEGIC PLAN & BUDGET REPORT 41
Page 1 and 2: STRATEGIC PLAN & BUDGET REPORT FISC
Page 3 and 4: APPROVED 08/18/2022 A LETTER FROM T
Page 5 and 6: APPROVED 08/18/2022 SUSTAINING OUR
Page 7 and 8: APPROVED 08/18/2022 WIG 2: Quality
Page 9 and 10: APPROVED 08/18/2022 NECESSARY TRANS
Page 11 and 12: APPROVED 08/18/2022 RETOOL THE PROD
Page 13 and 14: APPROVED 08/18/2022 RE-ENGINEER PRO
Page 15 and 16: APPROVED 08/18/2022 FORTIFY APPROPR
Page 17 and 18: APPROVED 08/18/2022 OPERATING BUDGE
Page 19 and 20: APPROVED 08/18/2022 A. B. C. D. E.
Page 21 and 22: APPROVED 08/18/2022 RETURNED- VALUE
Page 23 and 24: APPROVED 08/18/2022 OPERATING EXPEN
Page 25 and 26: APPROVED 08/18/2022 CAPITAL BUDGET
Page 27 and 28: APPROVED 08/18/2022 Figure 12: Wors
Page 29 and 30: APPROVED 08/18/2022 INTEGRITY Being
Page 31 and 32: APPROVED 08/18/2022 The Big 3 1. Be
Page 33 and 34: APPROVED 08/18/2022 EXHIBIT III: Co
Page 35 and 36: APPROVED 08/18/2022 FY22 WIG 3 : 3
Page 37 and 38: Total 181,944 140,524 0 Transportat
Page 39: Enrollment Management Enrollment Ma
Page 43: APPROVED 08/18/2022 © Copyright Te

FY23 Strategic Plan and Budget Report

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