BUDGET PROPOSAL Education & General Fund Fiscal Year

Slides:

Advertisements

Similar presentations

The University of Texas System FY 2007 Operating Budget Presented to the Board of Regents August 2006.

Advertisements

Faculty Convocation February 11, Financial Status

M ARCH PASSHE Budget Status SRU Comparative Budgets 1 FY Fund Sources Tuition$58,951 State Appropriation$35,946 ARRA$3,099 Other$2,279 Auxiliaries.

UW-Platteville Financial Overview October/November 2013 Robert Cramer - Vice Chancellor Cathy Riedl-Farrey - Director, Financial Services 1.

Budget Update September 19, FY 2008 Spending Plan FY 2008 Spending Plan.

2012/13 Educational and General Budget Finance, Administration, and Facilities Committee Board of Governors October 5, 2011.

Financial Overview and Budget Recommendations David Cummins Vice President for Finance and Administration/CFO Mike Sherman Senior Vice President and Provost;

Budget Forum Oxford Campus January 15, Oxford Campus Educational and General Budget Future Budget Commitments (Revenue Increase or Budget Reduction)

Overview of UTSA’s Discretionary Budget

FY 2012/13 Budget Update Board of Governors Finance, Administration, and Facilities Committee April 4, 2012.

Campus Budget Update October 12, Tuition Proposed Tuition Rates: + 2.5% Fall 2010 Fall 2011 Fall 2012 Undergraduate Resident $ $

John Carroll University Board of Directors Presentation Vice President for Finance and Administrative Services Financial Update December 14, 2004.

LOCKPORT CITY SCHOOL DISTRICT Budget Presentation Expenditures: The Big Picture Presented by Michelle T. Bradley Superintendent of Schools and.

Budget Workshop Fiscal Year 2011 December 4, 2009.

CLARION UNIVERSITYCLARION UNIVERSITY FINANCIAL UPDATE ANDFINANCIAL UPDATE AND FY 2016 BUDGET REVIEWFY 2016 BUDGET REVIEW COUNCIL OF TRUSTEESCOUNCIL OF.

2012/13 Educational and General Budget Board of Governors Finance, Administration, and Facilities Committee June 27, 2012.

Planning and Budget Committee February 20, Agenda Current Financial Position Sequester Revenue and Expenditure Comparisons FY08 to FY14 FY16 Revenue.

UW-Platteville Financial Overview November 2012 Robert Cramer - Vice Chancellor Cathy Riedl-Farrey - Director, Financial Services 1.

PENNSYLVANIA STATE SYSTEM OF HIGHER EDUCATION. Spring 2014 Adjustments Board of Governors’ Meeting April 9, 2014 PASSHE Budget Update.

Budget Presentation December 7, Why Talk about the Budget? 1. Demystify the process 2. Engage and get the participation of others in the budget.

1 Fiscal Year 2014 Operating Budget UM Board of Curators FINANCE COMMITTEE June 13, 2014.

PASSHE Operating Budget Finance, Administration, and Facilities Committee Board of Governors July 8, 2013.

Operating Budget Funding Sources State Appropriations - General Revenue Formula Funding, Special Items, Benefit Cost Sharing THECB Transfers TX Grant,

2014/15 Educational and General Budget Board of Governors Finance, Administration, and Facilities Committee October 16, 2013.

Budget Approved. 2 Contents State Funding Picture3 Effect on North Central State College4 Board of Trustees’ Planning Goals5 State Share of.

Open Budget Meeting November 3, Open Budget Meeting 2.

Faculty Senate Budget Presentation January 2011 Robert Cramer -Assistant Chancellor Cathy Riedl-Farrey - Director, Financial Services.

COUNCIL OF TRUSTEES MEETING September 26, A. Major Budget Assumptions B. Revenue Projections C. Expenditure Projections D. Balanced Budget E. Reductions.

1 Budget Overview Budget Information Committee February 26, 2007.

FY2007 Budget Presentation Annual Town Meeting April 24, 2006.

Evansville Vanderburgh School Corporation 2014 Budget Presentation August 12,

Chittenango Central Schools. Commitment to Excellence As a school community:  We believe our children and community deserve the best programs and facilities.

Budget Forum 6:30 P.M., May 25, 2017.

BUDGET PROPOSAL Education & General Fund Fiscal Year

Board of Trustees Retreat Budget Overview

Texas Woman’s University Fiscal Year 2017 Budget

Superintendent’s Budget Update Draft

Proposed Budget Budget Hearing August 15, 2016.

Manhattan College Senate

WOODRIDGE LOCAL SCHOOLS

Academic Senate Sonoma State University August 31, 2017

May 21, 2012 Operating Budget Fiscal Year 2013

Ohio University Cost Diagnostic

City of Richmond, California FY Draft Budget

President’s Leadership Council Budget Update

Operating Budget Update—March 2016

at the University of Virginia

FY 2014 Budget Review & FY 2015 Budget oUTlook

Budget Overview Kelly Ratliff

BUDGET PROPOSAL Education & General Fund Fiscal Year

Budget Update 11/11/ Budget Update 11/11/2018.

BUDGET PROPOSAL Education & General Fund Fiscal Year

Academic Senate Sonoma State University August 31, 2017

UW-Platteville Financial Overview November 2016

Academic Senate FY Budget Update April 18, 2018

2018–19 Budget Conversations Presenters: Graham Carr, Provost and VP, Academic Denis Cossette, Chief Financial Officer September 2018.

Mechanicsburg Area School District

BUDGET PROPOSAL Education & General Fund Fiscal Year

PERRY CENTRAL SCHOOL BUDGET WORKSHOP MARCH 27, 2017.

Preliminary Proposed Budget April 26, 2016

Budget Presentation December 7, 2006.

Budgeting and Financial Management

Finance & Administration

Fiscal Year 2019 Budget and Planning for Future

CAMPUS FORUM June 22, 2005.

Components of Unrestricted Revenue

Fall 2013 Enrollment Headcount and FTE (10th day numbers)

Budget Background and FY 2020 Budget Proposal

Campus Financial Status

BUDGET PROPOSAL Education & General Fund Fiscal Year

Presentation transcript:

BUDGET PROPOSAL Education & General Fund Fiscal Year 2016-17 COUNCIL OF TRUSTEES MEETING September 15, 2016 Deborah Morgan, Assistant Director of Budget Donna Bulzoni, Director of Financial Affairs Ken Long, VP for Administration & Finance

Contents Major Budget Assumptions Enrollment & Revenue Projections Expenditure Projections Educational & General Budget Total University Budget

Assumptions 2015-16 Budget 2016-17 Proposed Budget Tuition Rate 3.5% 2.5% Enrollment 0.9% 1.1% State Appropriation* 3.0% Salaries 0.2% 0.7% Healthcare 9.1% -3.5% Retirement 11.6% 10.2% Utilities 2.3% 2.7% *Does not reflect change in allocation formula.

2016-17 Enrollment & Revenue Projections

Fall Headcount 2015-16 Actual 2016-17 Proposed Budget Change In-State Undergrad 4,793 4,873 80 Out-of-State Undergrad 1,373 1,377 4 In-State Graduate 538 534 (4) Out-of-State Graduate 124 122 (2) Total FTE Enrollment 6,828 6,906 78

Annualized FTE Enrollment 2015-16 Actual 2016-17 Proposed Budget Change In-State Undergrad 4,501 Out-of-State Undergrad 1,361 In-State Graduate 385 Out-of-State Graduate 138 Total FTE Enrollment 6,385

Revenue 2016-17 Proposed Budget 2015-16 Actual Change Tuition & Fees 2015-16 Actual 2016-17 Proposed Budget Change (in millions) Tuition & Fees $73.18 $71.37 $(1.81) State Appropriation 24.13 25.79 1.66 Other Income 4.48 3.66 (0.82) Planned Use of Carryforward 0.84 Total Revenue $101.79 $101.67 $(0.13) Note: Totals may vary due to rounding.

2016-17 Revenue

2016-17 Expenditure Projections

Expenditures 2015-16 Actual 2016-17 Proposed Budget Change $68.75 2015-16 Actual 2016-17 Proposed Budget Change (in millions) Salaries & Benefits $68.75 $73.41 $4.66 Non-Personnel 21.28 21.39 .11 Capital, Transfers & Debt Service 7.14 6.87 (.27) Total Expenditures $97.17 $101.67 $4.50 Note: Totals may vary due to rounding.

Salaries

Salaries & Benefits Note: Totals may vary due to rounding.

Employee Benefits

Compensation Analysis

Non-Personnel Expenditures 2015-16 Actual 2016-17 Proposed Budget Change (in millions) Operating Expenses $15.56 $16.03 $0.47 Student Aid 2.55 2.60 0.05 Foundation Support 0.92 1.12 0.20 Camps & Conferences 2.25 1.64 (0.61) Total Expenditures $21.28 $21.39 $0.11 Note: Totals may vary due to rounding.

Non-Personnel Expenses

Capital, Transfers & Debt Service 2015-16 Actual 2016-17 Proposed Budget Change (in millions) Capital & Debt Service $ 3.01 $ 2.46 $(0.55) Transfers 4.12 4.41 0.29 Total $7.13 $ 6.87 $(0.26) Note: Totals may vary due to rounding.

2016-17 Expenditures & Transfers Note: Totals may vary due to rounding.

2016-2017 University Operating Budget (All Funds)

2016-17 University Budget

Undergraduate Full-time, In-State, Residential Student (Typical First-Year Student) Fees-Academic Year 2015-16 2016-17 Instructional $ 8,202 $ 8,410 General Fees 1,148 1,200 Student Activity Fee 334 342 Room 5,490 5,680 Board 2,636 2,710 Total $17,810 $18,342 Annual dollar increase $532 Overall percent increase 3.0%

Undergraduate Full-time, In-State, Residential Student (Typical First-Year Student)

Looking Ahead…… Collective Bargaining Agreements Enrollment Employee Benefit Cost Facility Infrastructure State Support

Questions?