1. Planning and Budget Committee September 11, 2015

2. Agenda Upcoming meetings for FY 2016 Financial Position as of July 31, 2015 Year-end Dates FY 2016 Budget New Faculty & Library Lines

3. FY 2016 Budget Meetings All meetings will take place in Goodwyn Hall 110 @ 2:00 P.M. November 13, 2015 January 15, 2016 February 12, 2016 April 8, 2016 June 10, 2016

4. FY 2015 as of 07/31/2015

5. Items Impacting Expected Deficit Credit hour production is down resulting in approximately $420,000 less income Additional online & hybrid tuition deferment of $100,000 One-time funding of nearly $2 million allocated from reserves (not current revenue but current expenditures, reducing the bottom line)

6. FY 2015 Year End Dates FY 2015 will close 10/05/2015 General ledger and encumbrance roll 10/06/2015 Budget roll affecting carryforwards 10/16/2015

7. FY 2016 Budget Budget process is complete but not yet approved by the Board of Trustees; meeting 9/25 Converted all tuition supported accounts from self-supporting to base budget Salary supplement spreadsheets will go out next month (2%)

9. New Faculty & Library Lines FY 2015: Justice & Public Safety, Geographic Information Systems, Computer Science, Environmental Biologist FY 2016: Computer Science, Environmental Chemist, Geographic Information Systems, Dietician, Librarian FY 2017: Disability Kinesiologist, Accounting, Hydrologist

10. Suggestions for material/items presented at upcoming meetings?