SBI – Senate Mid-Year Update

Historical Review

Financial Challenges Sharply reduced state support Increased risk from tuition dependency At Auburn, dependency rose from 44% to 63% between 2008 and 2013 Represents a 43% increase in 5 years Increased student price sensitivity Increased competition for students and faculty Changing demographics

Financial Consequence Increased salary compression Limited funding for strategic initiatives Limited support for increased facilities footprint Pressures for improved affordability

Implementation of SBI

Governance Launch Central Unit Allocation Committee Space Management & Deferred Maintenance Committee University Budget Advisory Committee

Funding Decisions Decision Making Flow Executive Leadership Feedback Executive Team University Budget Advisory Committee Budget Guidelines Deans (Colleges/Schools) Feedback Provost’s Council Data and Information Central Unit Allocations Space Management/Repair & Renovation Model Operation Task Forces Curriculum Committees (Existing) Department Chairs, Faculty, Staff, and Other Stakeholders Central Unit Leaders Approved Governance Committee Communication Additional Participants in Developing Funding Requests/Decisions Recommendation

Future SBI

Multi-year budgets Technology system to manage enterprise-wide budget process Budget timeline revisions Development/Clarification of guidelines Enhance use of Committees Incorporate benchmarking/analysis into the budget process Enhance management reporting tool