Exhibit B: Estimated Five Year Budget

VCUQatar Five Year Rolling Budget

Projection
Staf Costs
Contractual Services

$
$

FY
13

$
$

FY1
4

$
$

FY1
5

$
$

FY1
6

$
$

Professional Services

Maintenaince & Repair

Supplies

Telephone & Network

Faculty Staf Education

Travel Other than Education

Insurance

Operating Building Leases

Honariums & Awards

Books

Scholarships and Fellowships

Vehicle Expenses

Bank Expenses

Management Fee
Other Capital Costs

$
$

$
$

$
$

$
$

$
$

Total Budget

$
$

$
$

$
$

$
$

$
$

$
$
$

$
$
$

$
$
$

$
$
$

$
$
$

Budget Right Sizing

Total Expense
Revenues
Tuition and Fees
QF Contribution
Total Revenues

Notes:
1. Includes a 3% Merit Increase for all employees
annually
2. Includes estimated HEPI increase of 3% annually
3. Includes estimated tuition increases of 5%
annually
4. Five Year Projection incorporates the PPM and MFA budgets as well as build-out of the BA degree program
in Art History.
6/25/2012

FY1
7