FIXED CAPITAL OUTLAY REVENUE SOURCES MATRIX Presented by John C. Cavanaugh Chair, SUPA.

Slides:



Advertisements
Similar presentations
WELCOME BUDGET MANAGERS AND CHIEF FISCAL OFFICERS
Advertisements

Florida Education K-20 Fixed Capital Outlay Legislative Budget Request.
Summary of $475 million Bond Issue and Capital Financing Options Practiced By the State System of Higher Education in Oklahoma Practiced By the State System.
Freehold Regional High School District Public Budget Hearing March 26, 2007.
State Budget Outlook “The Breach” Mike Shealy / Craig Parks
1 PRESENTATION TO OHIO SSI STUDY GROUP OVERVIEW OF FUNDING PRACTICES AND STATE EXAMPLES Brenda N. Albright September 29, 2005.
The Government Finance Officers Association of South Carolina Fiscal Year Outlook Mike Shealy, Senate Finance Committee Staff.
Board of Governors University Bonding January, 2006.
Peralta Community College Budget Allocation Model BAM November 17, 2014.
1 Florida International University Budget Forum May 19, 2011.
FY2011 WEB-BASED BUDGET DEVELOPMENT PROCESS “A” FUNDS.
Operations Management: Financial Dimensions
FY12 Budget Development Alachua County Board of County Commissioners April 5, 2011.
Perrin-Whitt CISD 2010 – 2011 Budget (Proposed). Tax Values.
Budget, Legislative, and Accountability Update Continuing Education Leadership Institute March 23, 2015 Jennifer Haygood, EVP and Chief Financial Officer.
GOVERNOR’S AMENDED BUDGET RECOMMENDATIONS Virginia Community College System December 18, 2014.
– 2012 Administration Budget Amendment Summary Revenue Adjustments Supplemental Appropriations Program Reductions TennCare Contingencies Higher.
MARICOPA COMMUNITY COLLEGES Financial Planning Update Fall 2010.
A Survey Conducted by the Association of American Cancer Institutes (AACI)
BOND SALE PLANNING WOODLAND PUBLIC SCHOOLS May 14, 2012 Prepared by: Mark Prussing Senior Managing Consultant Public Financial Management, Inc nd.
1 The Florida Education Finance Program (FEFP) and Charter Schools Florida’s Charter School Conference November 15, 2012 Office of Funding and Financial.
1 County of Nelson Budget Presentation FISCAL YEAR 2001/2002 July 1, 2001 through June 30, 2002.
Fiscal Years Outlook Preliminary Six-Year Financial Plan and Six-Year Improvement Plan Strategy John W. Lawson, Chief Financial Officer Reta.
FY Budget Documents Executive Summary Approval of Tuition & Fees Schedule Recurring Reduction Implementation Plan Narratives Revenue Summary Expenditure.
1 Board of Governors and University Board of Trustees Budget Workshop August 6, 2008.
Operations Management: Financial Dimensions
Sheri Austin Assistant Vice President, University Budgets Office of the Chief Financial Officer Academic Administrators Seminar Series October 2011.
Highway Information Seminar October 24,2012 By: Tychelle Staten.
UNIVERSITY GOVERNANCE: Where We’ve Been Where We Are Where We Need To Be.
1 State University System Operating Budget. 2 NATURAL RESOURCES $9, % CRIMINAL JUSTICE $3, % GENERAL GOVERNMENT $4, % EDUCATION.
The board of each community college district shall within or before the first quarter of each fiscal year, adopt an annual budget which it deems necessary.
Fire and Emergency Services Company Officer — Lesson 27 Fire and Emergency Services Company Officer, 4 th Edition Chapter 27 — Administrative Programs.
The State and University Budget Outlook January 2008.
BASIC CHARACTERISTICS OF THE DELEGATED BUDGETS. DELEGATED BUDGETS IN EDUCATION Motives for Implementation of the System of the Delegated Budgets First.
Charter School Facilities Funding 2010 Florida Charter School Conference November 9, 2010 William E. Fontaine Office of Educational Facilities.
 Natural gas and by-products royalty  Crude oil royalty  Synthetic crude oil and bitumen royalty  Coal royalty  Bonuses and sales of Crown.
State of Florida Debt Overview Taxation And Budget Reform Commission Governmental Procedures And Structure Committee July 20, 2007 Presented by The Division.
State and Local Government. Section 2 States Government Chapter 16 State and Local Government.
Essentials of Accounting for Governmental and Not-for-Profit Organizations Chapter 3: Budgetary Accounting for General and Special Revenue Funds.
City of Rio Vista Budget 101 An Overview of Essential Tools CITIZENS OF RIO VISTA CITY STAFF CITY COUNCIL.
Illinois Affordable Housing Planning and Appeals Act (AHPAA)
POST SESSION UPDATE 2010 Regular Session 2010 Special Session March 8, 2010.
Budget Workshop: Fiscal Policies, Process, and Budget Guidelines Board of Governors April 21, 2005.
HEARTLAND COMMUNITY COLLEGE FINANCIAL UPDATE OCTOBER 16, 2009.
Sources of University Funds How money is different within a University.
1990’s: State enjoyed huge economic growth and diversification Total gross state product increased by 98% from High-tech industry growth. Population.
GAMPO Workshop: SR 821 Multi-year Construction Agreements Brandon Beach Representing Congressional District 6 State Transportation Board June 25, 2010.
New Jersey School Boards Association – Serving Local Boards of Education Since 1914 State Budget Overview Presented by: Michael Vrancik NJSBA Director.
Fiscal Year Revenues and Expenses  Recurring Revenues Fund Recurring Expenses Property Taxes State Aid Estimated Local Receipts Other Available.
Budget & Finance Committee Tico Perez, Chair September 15,
Budget Forum February Where the State Dollar Comes From (general funds) – FY16 $13.1 Billion.
College Community School District 4 Budget Calculations for General Fund Budget Year.
Commonwealth Public Transportation Funding Steve Pittard Chief Financial Officer June 16, 2016.
2016 UTAH TAXES NOW SB 38 and the Property Tax Notice.
Presented to the Board of Education April 20, 2017
Board of Trustees Retreat Budget Overview
CSU 101: Different Views of the CSU from Different Altitudes
FIXED CAPITAL OUTLAY PROCESS MATRIX
System Development Fees
FY13 Budget Planning Janet Parker, Associate Vice President, Financial Affairs PRESENTATION TO THE UNIVERSITY STRATEGIC RESOURCE PLANNING COUNCIL March.
FLORIDA ATLANTIC UNIVERSITY
Florida Atlantic University
KCTCS Annual Budget KCTCS Board of Regents Meetings
Financial Modeling and Forecasting Smart Practices
Board of Accountancy Revenue Streams
FY Budget: Calendar Policies 2020 Strategic Plan
2006 – 2008 Commonwealth Budget Proposal(s) Delegate John J. Welch, III March 15, 2006.
Budget of the State of Utah
State and Local Government Expenditures
BOARD of GOVERNORS State University System of Florida
Presentation transcript:

FIXED CAPITAL OUTLAY REVENUE SOURCES MATRIX Presented by John C. Cavanaugh Chair, SUPA

PECO Short Term Maintain current status quo for allocation formula Increase allocation to universities from additional PECO revenue estimates Appropriate PECO funds not allocated in 2005 legislative session Permit universities to reallocate funds among approved projects to maximize appropriations

PECO Long Term Review, revise, and amend as necessary education fixed capital outlay chapter Increase PECO allocations for public post- secondary education Expand base for Gross Receipts Tax Increase rate of Gross Receipts Tax

Non–PECO Short Term Examine nonrecurring General Revenue Non recurring lottery Bonding the margin of growth in recurring lottery Delegate authority for bonding by DSOs to BOTs State Bonding initiative comparable to North Carolina’s Permit universities to reallocate appropriated CITF funds among approved projects Increase the CITF fees—these have not tracked tuition increases

Non-PECO Long Term Create university fixed capital outlay trust fund through dedicated tax source (e.g., recurring margin of growth in Documentary Stamp Tax) Bond the margin of growth in a recurring new dedicated tax source to help handle construction cost increases Restructure CITF License tag revenues comparable to public schools and community colleges by amending Chapter 530 to include universities