Planning and Budget Committee January 16, 2015
Agenda Current Financial Position Revenue and Expenditure Comparisons FY08 to FY14 Simplified Budget Process
Fiscal Year 2015 as of 12/31/2014
Revenue Comparison FY08 to FY14
Expenditure Comparison FY 08 to FY14
Simplified Budget Process Determine Revenue Changes Determine Expenditure Changes Calculate difference between expected revenue and expected expenditures Develop final budget
Revenue Sources State Appropriations – Last year $22,660,000 Tuition and Fees – Enrollment projections Other Income – Indirect Cost Recovery
Sub-Committees Formed Enrollment Projections – Chair: George Schaefer – Charge: Determine a data driven estimate of fall 2015 credit hour production Impact of Tuition Increases – Chair: Allison Terry – Charge: Determine the impacts of tuition increases on the university and our students
Expenditures Tenure and Promotion Salary and Wage Increases – Annual Merit Increases – Supplement Debt Service Strategic Plan Priorities