Budget Advisory Committee, September 16 th, 2011 FY11/12 SUNY ONEONTA STATE PURPOSES BUDGET UPDATE.

Slides:



Advertisements
Similar presentations
Transportation Funding Alternatives and Outreach
Advertisements

Metropolitan Transportation Authority July Financial Plan Board Presentation July 24, 2013.
Medium-term strategic plan: planned financial estimates for the period E/ICEF/2009/AB/L.5.
1 Superintendents FY 2004 Proposed Budget. 2 Where We Started Moderate county revenue growth – 7% Over $1.2 billion state budget deficit Continued student.
Alameda Unified School District School Board Meeting Budget Information Update February 10, :30pm.
Welcome! Alameda Unified School District Special School Board Meeting Public Budget Workshop At Haight Elementary School Wednesday, February 11, :30pm-8pm.
1 Fiscal Year 2005 IBHE Budget Recommendations House Appropriations – Higher Education Committee February 5, 2004.
Fiscal Year 2012 Budget Recommendations Presented to the Illinois Board of Higher Education February 15, 2011.
Tennessee Higher Education Commission Higher Education Recommendations & Finance Overview November 15, 2012.
Budget Budget FY2010 and FY2011Update Policy and Program Committee February 1, 2010.
FY2012 Caseload Projection and Options Policy and Fiscal Committee June 6, 2011.
Budget and Caseload Update Policy and Fiscal Committee December 6, 2010.
Budget Budget FY2010 Update Framework for FY2011 Budget Board of Early Education and Care October 13, 2009.
NC Budget Basics. Where We Are Just as NC schools are showing significant progress, our budget shortfall presents a significant gap.
Welcome to Who Wants to be a Millionaire
Presentation to the Board of Governors California Community Colleges September 12, 2011 Dan Troy, Vice Chancellor, College Finance and Facilities Planning.
Debt Affordability Committee 1 Debt Affordability Committee August 15, 2013.
Stewarding Illinois Campus Presentations February, 2010.
1 Budget Forum Wednesday, June 2, © 2010 Florida International University 2 FLORIDA INTERNATIONAL UNIVERSITY Budget Forum AGENDA Education & General.
Presented to the Board of Trustees March 10, 2010 Financial Indicators.
FY12 and FY13 Budget Development Special Board Meeting Alachua County Office of Management and Budget June 7, 2011.
FY 2009 Second Quarter Update and FY 2010 & FY 2011 Forecast February 10, 2009.
City of Miami PROPOSED Fiscal Year 2009 BUDGET. 2 Budget Focus To prepare a structurally balanced general operating budget. To provide a budget, which.
1 Town of Colchester FY 12 Budget. 2 Current Financial Challenges Vermont and the nation are coming out of a recession Expenses rarely go down.
FINANCIAL UPDATE 2012 AND 2013 BUDGET. Aspirations Bankable Bal. Sht. Healthy Reserves Competitive Comp. Affordable Tuition 3X Funded Research Challenges.
Paramus Public Schools 2010 – 2011 Budget Public Hearing Presentation Ms Shelia Criscione, Board President Mr. Anthony Balestrieri, Chairman, Finance Committee.
AB 806 – WILK FIFTY PERCENT LAW FINANCIAL ANALYSIS MAY 2013 MAY 15, 2013 AB 806 WILK ASSEMBLY APPROPRIATIONS COMMITTEE 1.
Mental Health Funding.
San Marino Unified School District Governor’s Proposed Budget Board of Education Budget Study Session January 26, 2010 (updated Next Steps - February.
Challenging Times… Promising Future Kaua‘i Community College John Morton Vice President for Community Colleges Spring 2009.
Campus Budget Overview Fall 2010 Kelly Ratliff Budget and Institutional Analysis.
Financing Education in Challenging times Operation Inform 2011.
Douglas County School District Re.1 Preliminary Budget Fiscal Year 2010 – 2011 Presented to the Board of Education Tuesday April 20, 2010.
FY12-13 Budget Pre-Session Projections vs Actual Legislative Outcomes August 09, 2011 Rick Straka.
Officers of Administration Annual Meeting October 10th, 2013.
1 Revenue Update Jody M. Wagner Secretary of Finance Commonwealth of Virginia
January 2011 Convocation Please Click Slides To Advance.
Faculty Convocation February 11, Financial Status
Florida Atlantic University Overview of Operating Budget Process Presentation to the Florida Atlantic University Foundation, Inc. Board of Directors February.
1. TABLE 1 GOVERNOR'S BUDGET PROPOSAL Projected State Deficit Rebuild State Reserve Total Resolutions Needed Budget Reduction Initiatives: e.g., Budget.
University of South Carolina FY Preliminary Budget Board of Trustees Executive Committee June 8, 2007.
Faculty Leadership Conference Revenue Forecast Report and Budget Update Bernard M. Hannon Senior Assoc Commissioner & CFOApril 23, 2010.
1 Board of Governors State Appropriations and Budget Presentation May 15, 2013.
Campus Budget Update October 12, Tuition Proposed Tuition Rates: + 2.5% Fall 2010 Fall 2011 Fall 2012 Undergraduate Resident $ $
State Legislative Update Faculty Senate April 3, 2013.
Budget Update & General Budget Conditions BAC September 13, 2013 Todd Foreman Vice President for Finance and Administration.
Budget Workshop Fiscal Year 2011 December 4, 2009.
San Marino Unified School District Second Interim Financial Report and Long Range Financial Projections March 11, 2008.
FY13 Student Tuition Consultation SFMC – March 22,
Buffalo State 2013/14 State Purpose Budget Overview Finance and Management September 20, 2013.
INDIANA UNIVERSITY SOUTH BEND Budget Presentation for Academic Senate Meeting October 21, 2005 By William O’Donnell and Dr. Paul Herr.
2012/13 Educational and General Budget Board of Governors Finance, Administration, and Facilities Committee June 27, 2012.
Robert Dufour, Superintendent April 9,   General aid to education, now called Foundation Aid, is not impacted by changes in enrollment  Foundation.
1 Presentation to the CSU Board of Trustees Committee on Finance 2004/05 Budget Issues November 19, 2003.
Overview of State Budget FOR THE 2012–13 BIENNIUM JANUARY 2011 HOUSE VERSION   LBB baseline appropriations for state government ops total $156.4 billion.
January Cal Poly Budget Presentation UPBAC January 2009.
1 Fiscal Year 2014 Operating Budget UM Board of Curators FINANCE COMMITTEE June 13, 2014.
Budget Workshop August 17, Agenda State Budget Peralta’s Tentative Budget.
Florida International University G-51 April 9, 2010.
UBC report to Faculty Senate January 25, 2011 Sources of information: ECU annual financial reports:
Board of Trustees Presentation April 5, 2010 Budget update.
NATIONAL CENTER FOR THE STUDY OF COLLECTIVE BARGAINING IN HIGHER EDUCATION AND THE PROFESSIONS Institutional Collaboration in Times of Fiscal Crisis Patrick.
Setting Tuition for April 27, 2012 Pullman.
Budget Advisory Committee
Board of Trustees Retreat Budget Overview
THE MMCC BUDGET January 15, 2015.
Octorara Area School District
Proposed Expenditure Budget
Budget Challenges ● $4.67 million loss of State revenue over last 19 months (July 2002 – present) ● Increases in salaries, health care, fixed.
Campus Financial Status
Presentation transcript:

Budget Advisory Committee, September 16 th, 2011 FY11/12 SUNY ONEONTA STATE PURPOSES BUDGET UPDATE

FY11/12 Budget Context: NYS Budget FY11/12 State Budget Deficit: $10.0 billion FY11/12 State Budget cuts & other actions addressed this deficit SUNY State-Ops’ net share of Executive State Budget cuts: $131.4 million Current Out-year State Budget Deficit Projections (as of 6/30/11) : FY12/13: $2.4 billion FY13/14: $2.8 billion FY14/15: $4.6 billion 9/16/2011BAC Budget Update

Out-year Budget Context SUNY 2020 may help limit the severity of cuts over the next 4 years Included in the legislation: “The State would be required to appropriate… General Fund operating support in an amount no less than provided in the prior State Fiscal Year, except that if the Governor declares a fiscal emergency…” Inflationary costs can still have an impact – lack of funding to cover inflation has the same effect as a funding cut Funding reductions may still come from within SUNY:  changes in Resource Allocation Method  funding for SUNY Strategic Plan State tax revenues for April – June 2011 were up relative to last year, with NYS near the top with a gain over last year of $2.3 billion (21%) 9/16/2011BAC Budget Update

FY11/12 Financial Plan v. Estimated Need $44.4m ($45.4m) ($1.0m) ($8.7m) FY11/12 State Financial Plan Funding, including $300 tuition increase: $12.8m State Support $32.0m Tuition and other related revenue ($0.4m) Tuition Credit funding FY11/12 Projected Campus Need: $45.0m Adjusted FY10/11 State Financial Plan $0.4m salary inflation FY11/12 Net Budget Gap Net losses over the last four years 9/16/2011BAC Budget Update

Closing the Budget Gap: Campus Actions ($1.0m) FY11/12 Budget Gap $3.4m in savings & revenue actions Salary & Other Savings, $2.5m, July present  Savings from turnover, Early Retirements, Administrative Restructuring  Net reduction of approximately 19.5 vacant positions Increased Tuition Revenue, $0.3m  FY10/11 enrollment growth  Residential v. Non-Residential (including International) Mix Student Fee Revenue, $0.2m  enrollment growth, inflation-indexed fee increases (per SUNY guidelines)  Summer Session Technology Fee Room Rate Increases, $0.4m 9/16/2011BAC Budget Update

9/16/2011BAC Budget Update

9/16/2011BAC Budget Update

9/16/2011BAC Budget Update

9/16/2011BAC Budget Update

9/16/2011BAC Budget Update

9/16/2011BAC Budget Update

9/16/2011BAC Budget Update

Billed Cost of Education: Fall 2011 Per Semester Fall 2010Fall 2011$ Change% Change In-State Undergraduate Tuition$2,485.00$2,635.00$ % Dorm Room (Standard Double)$2,767.00$2,936.00$ % Dining Plan (Unlimited)$1,875.00$1,925.00$ % Tuition, Room & Board Subtotal$7,127.00$7,496.00$ % Athletic Fee$181.00$187.50$ % Technology Fee$196.00$196.50$ % Health Fee$141.50$147.00$ % College Fee$12.50 $ % Transcript Fee$5.00 $ % Comprehensive Fee Subtotal$536.00$548.50$ % annualized$1,072.00$1,097.00$ % Student Activity Fee$94.25$96.00$ % Alumni Fee$10.00 $ % Other Fee Subtotal$104.25$106.00$ % SEMESTER GRAND TOTAL$7,767.25$8,150.50$ % Annual Cost$15,534.50$16,301.00$ % 9/16/2011BAC Budget Update

Looking ahead… $2.4m savings banked for FY12/13 We do not anticipate another ERI Program. Utilize campus reserves to smooth over the bumps Work with campus community to identify additional savings and/or revenue opportunities Continue to invest in strategic priorities Develop formal means to prioritize budget allocation that is strategic, transparent, and inclusive. 9/16/2011BAC Budget Update

QUESTIONS? 9/16/2011BAC Budget Update