University of Illinois at Chicago FY 2012 Budget Update Presentation for APAC August 10, 2011 Frank Goldberg…Vice Provost for Resource Planning & Mgmt.

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Presentation transcript:

University of Illinois at Chicago FY 2012 Budget Update Presentation for APAC August 10, 2011 Frank Goldberg…Vice Provost for Resource Planning & Mgmt Todd Van Neck…Director of Budgeting & Pgm Analysis 1

State Appropriation Revenue Unrestricted Funds Lapse Period Billings and Collections through August 8, 2011 CollectedBilled Appropriation Rescission In Millions $672 $724 $18.6 $743 $697.8 $697.9 $45.5 $ FY09 appropriation includes $18.6 million rescission. FY08 as of July 31 st. FY10 appropriation includes $45.5 million of federal stimulus funding $721 $ $697 $722 $697 $52 $696.7 $313 $133.6 $564.2 $383.7 Stimulus $45.5 $743.3 $45.5 $609.7 $696.7 $724 $722 $721

State Appropriation Revenue Unrestricted Funds Billings and Collections through August 8, 2011 CollectedBilledAppropriationRescissionStimulus In Millions $49 $724 $743 $697.5 $45.5 $743 FY09 appropriation includes $18.6 million rescission. FY08 & FY09 as of July 31 st. FY10 appropriation includes $45.5 million of federal stimulus funding and assumes restoration of FY09 rescission. $42 $47 $722 $697 $722 $697 $49 $55 $18.6 $689 $ $689 $53

FY 2012 Budget Planning Outcomes $8 million GRF cut to University 3% general salary program, no furlough days 6.9% general tuition increase 4.7% reallocation, to cover… – UIC’s share of GRF cut – campus costs (financial aid, R&R) – strategic investments

Strategic Investments – FY 2012 Faculty cluster hire program…..…$2.5M Office of Diversity……………………..$0.5M Undergraduate Advising………..….$1.0M Data security…………………………..…$0.6M Improving campus appearance.…$1.0M Records management………………..$0.2M Facility repair & renovation………..$2.0M

Actual and Projected Number of Illinois Public High School Graduates Source: U.S. Department of Education, Projections of Education Statistics to 2019

Other initiatives Student recruitment Inter-group dialogue for incoming freshmen E-Learning Space economy Telecom rates