Important Documents

Unless otherwise indicated, each of the entries below are links to a downloadable PDF document.

“The Long-Range Financial Outlook (both critical needs and other high priority needs)
includes increases in recurring general revenue spending for education of $1.3 billion
(+11.5%) in Fiscal Year 2010-11; $2.1 billion (+16.5%) in Fiscal Year 2011-12; and
$772.9 million (+5.3%) in Fiscal Year 2012-13 … The non-recurring State Fiscal Stabilization funds from the American Recovery and Reinvestment Act of 2009 (ARRA stabilization funds) will be available to be appropriated in Fiscal Year 2010-11 from the Federal Grants Trust Fund. Beginning in Fiscal Year 2011-12, critical needs funding includes the restorationof non-recurring ARRA stabilization funds as recurring general revenue in the core instructional programs, including the Voluntary Prekindergarten Education Program, the Florida Education Finance Program, the Florida School for the Deaf and the Blind, the Workforce Development Program, the Community College Program Fund, and State University Education and General Activities.” (64, 65)

Education Funding Summary 2009-10, Senate Education Pre-K-12 Education Committee, Senate Higher Education Appropriations Committee

Annual report of the Senate Committees on Education PreK-12 Appropriations and Higher Education Appropriations summarizing the recent legislative decisions affecting education funding. The report also provides important summary information and perspective for leaders and planners who need information regarding state and district finances.

“Florida Atlantic University was in excellent shape financially as of June 30, 2008. Its Total Net Assets had increased from $400,795,247 as of June 30, 2003 to $709,653,731, of which $73,456,329 were Unrestricted Net Assets. In addition its component units had increased their Net Assets from $117,754,358 as of June 30, 2003 to $227,199,600 as of June 30, 2008, of which $14,610,718 were Unrestricted Net Assets” (10).

“If relative salary increases and relative growth in employment are accurate indicators of organizational priorities, the only conclusion that can be drawn from the above figures is that the FAU administration values its own numerical and compensation growth more highly than it values growing the ranks or compensation of its faculty” (11).

“The projected cost for the FAU-BOT salary proposal is approximately $1.7 million. The projected cost of a 2.5% increase for the 2008-09 is about $1.9 million which should be considered the minimum salary increase needed to keep the faculty salaries competitive in the labor market. That difference apparently can be taken from Clearwire funds” (6).