1. Two-Year Budgeting Workshop
University Fiscal Analysis
Brian Moellers and Dan Nichols
September 19, 2018
University Budget Office (UBO)

2. Goals for Upcoming Fiscal Analysis
University Fiscal Analysis
September 19, 2018
Goals for Upcoming Fiscal Analysis
Focus on current year and upcoming biennium
Provide more forward-looking information for campus and university leadership
End formal fall fiscal analysis submissions
Fiscal analysis in spring, leading into and informing:
Final budget construction
Preview for year-end closing of major changes during the year and effects on upcoming biennium
Save time, particularly in the short-session (even) fiscal years

3. University Fiscal Analysis
September 19, 2018
University Fiscal Analysis
New
Current
Base
Actual
Projections
Notes
Reserves
Interest income
All funds
budgeting core operating fund groups to align with actual amounts (General Funds, Designated Funds, Restricted Funds, Auxiliary Enterprises)
Forecast upcoming biennium (FY20 and FY21)
Income and expense

4. Uses of University Fiscal Analysis
September 19, 2018
Uses of University Fiscal Analysis
Current
New
Reporting to and informing university and campus leadership
Stewardship of financial resources
Serving as the projection model leading into budget presentation
Second year of the projections (FY21) will live on during the upcoming biennium

5. University Fiscal Analysis
September 19, 2018
University Fiscal Analysis
Continued focus on identification of significant projected changes in income or expense based on what the RC or campus management knows or anticipates.
University General Fund Budget: Distributions of Revenues and Expenses
Many times such variances cannot be deduced from the financial records, because no transactions have been recorded; yet the local manager is already planning for their impact.
Comments accompanying the projected variances
Narratives about significant anticipated changes in executive summary

6. Updated Templates for Fiscal Analysis
University Fiscal Analysis
September 19, 2018
Updated Templates for Fiscal Analysis

7. University Fiscal Analysis
September 19, 2018
Projections
UBO will include in the projection templates sent to the campuses:
Most recent FY20 tuition and incidental income projections
Most recent legislative information about state appropriations for FY20 and FY21
Preliminary salary change assumptions (not policy) to use for FY20 and FY21 projections
FY20 benefit rates, and assumptions for FY21 benefits rates
UA tax for FY20, and assumptions to use for FY21 UA Tax

8. Template for Summary of Planned Uses of General Fund Salary Savings
University Fiscal Analysis
September 19, 2018
Template for Summary of Planned Uses of General Fund Salary Savings

9. University Fiscal Analysis
September 19, 2018
Questions?
Brian Moellers Dan Nichols University Budget Office
UBO Resources -- Can the UBO provide more to help with fiscal analysis, including providing any type of financial data points or comparative data that would be helpful?