TAMIU Economic Impact Analysis FY 2021

TAMIU REVENUES The University’s annual revenues for FY21 totaled $183.5 million and are depicted in Table 2.1. Tuition and fees comprised 19.5% of total revenue, while 59.1% came from local, state, and federal government sources. The remaining 21.4% came from all other sources, including donations, interest, services, and auxiliary revenue. State Appropriations 44,100,500 Federal Appropriations 13,973,454 Tuition & Fees 35,768,010 Contracts and Grants 8,003,316 Student Financial Assistan- ce (Federal & State) 42,407,631 Gifts 4,080,382 Sales and Services 2,855,691 Investment Income 28,888,025 Other Operating Income 3,392,868 Total Revenue 183,469,876 TABLE 2.1: TAMIUAnnual Revenues, FY 2021 Source: TAMIU TAMIU EXPENSES TAMIU’s total payroll, which includes salaries, wages, andbenefits, amounted to $62.1 million in FY21. This represents 42.6% of the University’s overall FY21 expenses as listed in Table 3.1. $83.5 million was spent on other expenses, including capital costs, operations & maintenance, and student scholarships. TABLE 3.1: Expenses, FY 2021 Salary & Wages 48,726,335 Benefits 13,361,728 Utilities 1,838,115 Scholarships 30,353,517 Operations & Maintenance 20,436,502 Equipment (Capitalized) 1,058,675 Other Expenses 7,523,942 Debt Service 11,102,551 Depreciation & Amortization 11,214,167 Total Expenses 145,615,533 Source: TAMIU 9