1. Planning and Budget Committee
December 11, 2014

2. Agenda Current Financial Position New O&M Budget Models
O&M Reallocation for Fiscal Year 2015

3. Fiscal Year 2015 as of 11/30/2014

4. Academic O&M Budget Model
Academic department funding will be based on credit hours produced
Academic administration funding will be based on number of majors
Budgets are calculated using Fall term data averaged over a three-year period

5. Non-Academic O&M Budget Model
Non-academic departments were asked to submit budgets for this fiscal year
Budgets requested were reviewed by Senior Staff
Approved requests were funded by reallocating the original O&M budget and with one-time funds

6. FY 2015 O&M Reallocations
Remaining O&M funding for FY 15 has been loaded as allocated
Currently updating Banner hierarchies to reflect the changes to the academic units

7. Stewardship and Sustainability
Are you making the best use of limited resources?
Are you an ambassador for new students?