Budget Update to University Senate October 12, 2010.

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Presentation transcript:

Budget Update to University Senate October 12, 2010

Agenda FY11 Budget Proposed one-time salary supplement Budget outlook 2

Total FY11 Proposed Budget by Division $ 937M

Auburn University-Main Campus Proposed FY11 Total Budget - $744M

State Appropriations Reduction Continuing State Appropriations $336.7$293.7 $52.6 $336.7 $260.7 $ 76.0 $336.7 $242.8 $ 93.9 One-time proration $ 32.3 $ 19.5 $ 51.8 TOTAL Reductions over 3 Years $274.3

Auburn University-Main Campus Proposed FY11 Auxiliary Budget - $105M

More Auxiliaries Auxiliary funds Self-supporting Each auxiliary assessed 6.3% for administrative costs

All Divisions – Salary Supplement One-time merit-based salary supplement to be paid in December, 2010 Eligibility – regular/continuing employee prior to June 1, 2010 Based on documented performance appraisals Individual supplements at 0-6% of base salary 8

All Divisions – Salary Supplement Allocation to Colleges/VPs – 4% on filled and eligible positions on base budget funds Source – general fund balances, auxiliary funds and other soft funds Divisional breakdown AU - $13.7M AUM - $1.8M AAES-$1.3M ACES-$1.5M 9

STIMULUS FUNDING and OUTLOOK

Stimulus Final year of State Fiscal Stabilization Funds (SFSF) Allocated primarily to academic units to offset impact of budget reductions Main campus allocation of $16.9M

FY11 SFSF Allocations-Main Campus Funding GTA, part-time and temporary faculty positions $8.7M Core Support 1.7M Library subscription contract 1.5M Honors Program personnel 1.3M Classroom technology - OIT 1.0M Diversity hires 1.0M Graduate Opportunity Program 150K Total to Provost$ 15.4M

FY11 SFSF Allocations-Main Campus Chemical storage system$873K Campus night shuttle 370K Public Safety cameras 300K Total – other allocations$1.5M

Outlook After budget was prepared 2% proration announced for FY10 - $5.2M impact In FY11 Stimulus will offset budget reductions in academic units Proration of FY11 State appropriation is possible and depending on amount, further one-time budget reductions may be necessary