SALAD. Budget Information Session. April 7, 2016

Transcription

1 SALAD Budget Information Session April 7, 2016

2 Growth"in"Cost"Drivers"(2004=0)" $200,000# Salary#Increases# Debt#Service# Financial#Aid# $150,000# $"Thousands" $100,000# $50,000# $0# 2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014# 2015# 2016#

3 Budget Process November University System submits budget request to Massachusetts Department of Higher Education and the Legislature January The Governor proposes an annual budget for the next fiscal year within 3 weeks after the Legislature convenes. This translates to the 4th Wednesday of January March - April The Massachusetts House of Representatives, through its Committee on Ways and Means, proposes an annual budget. Once passed, the budget bill is sent to the Senate Committee on Ways and Means for consideration Campuses submit proposed Mandatory fees, room and board Other student fee and revenue operation proposed fees and budgets to the Board of Trustees Budget guidelines are distributed to Vice Chancellors Vice Chancellors work with Deans & Departments to develop priorities consistent with campus strategic plan Vice Chancellors budget proposals reviewed and discussed

4 Budget Process May The Senate considers its version of the annual budget. Once the Senate passes its bill, both branches send the annual budget to a conference committee to negotiate the differences between the House and Senate budget bills June The conference committee returns its bill to the House for a final vote. When the conf. comm. reports on the budget, by rule, it cannot be amended. Once each branch takes its final vote, the annual budget is sent to the Governor for his action Board of Trustees vote on the budget President holds budget meetings July (beginning of the Fiscal Year) The Governor has ten days to review and act on the budget. The Governor may approve or veto the entire budget, or may veto or reduce certain line items or sections, but may not add any appropriations. The House and Senate have the opportunity to override any vetoes or reductions the Governor makes by a 2/3 majority vote in both branches August Preliminary allocation decisions made by Chancellor Campuses receive allocation from President and make final budget allocations

5 UMass FY 16 Budget Revenue In FY16, the UMass System received $532 million from the State Tuition%&%Fees 28% Gen%Ops 5% Sales/Service/ Non< Mandatory% Fees 8% UMass Amherst received $253 million of that state funding accounting for 22% of our total operating budget of $1.1 Billion State%Approp 22% Restricted 15% Auxiliary 22%

6 The state contribution to our operating budget has decreased significantly since 2001, from a high of 43% to the current 22%. 50% 45% 40% 35% 43% 41% 39% 30% 25% 20% 29% 28% 28% 27% 27% 26% 28% 24% 21% 21% 21% 22% 22% 15% 10% 5% 0% FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

7 Total UMass Amherst General Operating Budget: $627 Million (FY16) Afro American Studies Architectur e Art Classics English History History of Art & Architectur e Judaic & Near Eastern Studies Languages, Literatures, & Cultures Linguistics Music & Dance Philosoph y Theater Women, Gender & Sexuality Studies Education Engineering Humanities & Fine Arts Information & Computer Science Natural Sciences Nursing Social & Behavioral Sciences School of Public Health & Health Sciences Isenberg School of Management Other (Registrar, Admissions) Administration & Finance Development & Alumni Relations University Relations Academic Affairs Research & Engagement Student Affairs and Campus Life Information Services and Strategy Athletic Director

8 FY17 Annual Change (in $ Millions) Revenue Tuition & Fees (0% In-state, 3% Out) $2.7 State Appropriation (+1%) $2.5 State Supported Fringe (35%) $0.9 Subtotal $6.1 Administrative Overhead / Other $1.5 Total Revenue $7.6 Expenses Salary Raises (85% Unit/15% Non-Unit) $10.0 Steps/Faculty Promotions $0.9 GEO $0.9 Calculated Fringe $3.8 Subtotal Salary & Fringe $15.5 Debt Service, O&M, Utilities $3.5 Academic Revenue Share $0.7 Other $1.9 Total Expenses $21.6 Base Surplus / (Deficit) ($14.1)

9

10

11

12 FY17 Annual Change (in $ Millions) Revenue Tuition & Fees (0% In-state, 3% Out) $2.7 State Appropriation (+1%) $2.5 State Supported Fringe (35%) $0.9 Subtotal $6.1 Administrative Overhead / Other $1.5 Total Revenue $7.6 Expenses Salary Raises (85% Unit/15% Non-Unit) $10.0 Steps/Faculty Promotions $0.9 GEO $0.9 Calculated Fringe $3.8 Subtotal Salary & Fringe $15.5 Debt Service, O&M, Utilities $3.5 Academic Revenue Share $0.7 Other $1.9 Total Expenses $21.6 Base Surplus / (Deficit) ($14.1)