Budget Forum. May 22, 2012
|
|
- Sibyl Wilson
- 6 years ago
- Views:
Transcription
1 Budget Forum May 22, 2012
2 Current Status of the RCM Model The model is an approxima?on of the underlying economics of our academic ac?vity The primary goal is to provide incen?ves for growth and fairly align resources with academic ac?vity using a model that is as simple and transparent as possible This model is the result of a series of itera?ons with the Deans with input from Huron Consul?ng A DRAFT model is currently under review by the Deans and their Budget Unit Managers and several aspects are s?ll under considera?on or being refined The purpose of this forum is to illustrate how various units are represented and how par?cular principles and incen?ves are built into the model. Feedback is sought about how well the structure and incen?ves in the model meet the goal and to gather input on the areas s?ll under considera?on.
3 Model Structure Colleges Other RCs Regional Campuses Auxiliaries Revenues Grant/GiN Direct Expenses Unit Margin Indirect Cost Alloca0ons Academic Resource Pools Subsidy & Tui?on Designated Tui?on/Fees F & A Recovery Other Sources Revenue and Expenses For Admin Cost Alloca?on Actual Expenditures within the unit Revenue Direct Expenses (unrestricted only) Library, Museum, Wellworks, Ch Dev, WOUB CAS COB PCOE SCOC RCENT COFA CHSP UNC HTC INST GVS HCOM OPIE Educa?on Abroad elearning Athle?cs Housing Dining Prin?ng Trans/Parking S?ll determining how the Other RCs should be represented and cleaning up revenue/expense flows. We could shin the current flow of revenues to elearning to the academic units and elearning would change from an RC to a Cost Pool. Also considering how best to represent some of the interdisciplinary research centers like EBI, NQPI and OMNI Administra?ve Cost Pools General Fee Cost Pools Unit Margin Strategic Investment Pool Final Unit Margin President, Provost, OIT, En Mgt, Facili?es, VPR, Advanement, VP Admin, Debt, Reserves, etc Student Affairs, Campus Rec, Athle?cs, Marching 110, etc ANer Indirect Alloca?ons Central Funds for balancing RCs and inves?ng in strategic priori?es The Indirect Cost Alloca0ons are essen0ally an alterna0ve calcula0on for the current overhead charges paid by Regional Campuses and Auxiliaries (as well as HCOM). This method of calcula0on will need to be reconciled with the current method of calcula0on
4 Analyses Feeding the Model Subsidy A]ribu?on Space Data Net Assignable Square Footage Space data is being verified and the space database will be undated this summer Tui?on A]ribu?on Top- Level Model Sources & Uses Actual Revenue and Expenditures Colleges are currently reviewing the revenue and expense transac?ons captured in Sources and Uses and determining is all ac?vity is correctly represented
5 Subsidy Associated with Ohio residents at the undergraduate level and all students at the graduate level Formula subsidy generated through course comple0ons Degree subsidy generated through degree comple0ons Doctoral includes alloca0on for federal (NSF NIH) research levels Outreach currently flows to elearning but is shiking in FY13 illustrates an area s0ll under analysis that will change these alloca0ons
6 Tui?on and Fees Undergraduate is net of scholarships funded at the college level but not central scholarships in financial aid (see later slide) Educa?on Abroad credit hours are s?ll mixed in and will need to be teased out if that unit remains an RC in the model Undergraduate is weighted by statewide costs essen?ally creates differen?al tui?on. 85% of revenue allocated this way Headcount por?on is allocated on major headcounts to reflect cost of a]rac?ng and retaining students. 15% allocated this way As Earned tui?on is also tracked to understand true tui?on flow Graduate tui?on is not weighted since most of it is waived Tui?on A]ribu?on
7 Grants/Contracts and GiNs F&A Recovery is a]ributed to the college. This does not signal a change to the current F&A distribu?on formula Line 8 is unrestricted grants and contracts for most units grants and contracts will be restricted Grants/Contract Revenue GiN Revenue Grant/Contract and GiN Expenditures Not used in Unit Margin calcula?on Typically come close to nedng out Captured for use determining total revenues and total expenditures for RCs for use when alloca?ng Administra?ve Costs. The concept here is that all expenditures will have an impact on administra?ve costs
8 Scholarships and Waivers We are s?ll refining the data collected on central waivers now that we have switched to PeoplesoN Graduate fee waivers allocated directly to colleges and the non- resident and special summer waivers provided centrally are deducted against the graduate tui?on and fee revenue typically wiping out most of the fee revenue Undergraduate financial aid is distributed to the colleges in propor?on to their undergraduate tui?on and fee revenue - essen?ally taking it off- the- top so that the model is blind to where students with need actually enroll
9 General Fee Each college is credited with genera?ng the general fee revenue associated with its credit hour produc?on The general fee revenue is then allocated back out to pay for all the units funded on the general fee in propor?on to their general fee revenue which essen?ally creates a pass- through in the model where general fee revenue goes directly to general fee expenses.
10 Other Revenues and Direct Expenses Designated tui?on fees include revenues from course fees, technology fees and off- campus graduate programs (RDP) These are all other revenues from sources such as online courses, clinic revenue, external revenues, rentals, transfers, etc These are all the actual expenditures from the unrestricted opera?ng budget for personnel, 3-9s and transfers to other units Unit Margin subtracts the direct expenses from the revenues to determine how much revenue is len for indirect costs a nega?ve number means the RC has revenue len to cover central costs.
11 Indirect Cost Alloca?ons Academic Resource Pools are units that are closely related to instruc?on by serving as learning laboratories but also serve as common benefit to the university and community. These units are onen embedded within a college budget but have been removed and the costs are shared across all RCs. Costs are spread across Athens academic units with the library and WOUB par?ally allocated to Regional Campuses. Auxiliaries par?cipate in all these cost pools except the library. Alloca?ons are in propor?on to either Total Headcount (HC- T students and employees) or Employee Headcount (HC- E) see Code column Aspects s?ll under considera?on: Using headcount vs FTE for alloca?ons need clean FTE data for employees Should colleges using these units for instruc?on have a higher alloca?on What is the appropriate adjustment to the regional alloca?on to reflect the par?al impact of these areas outside Athens
12 Indirect Cost Alloca?ons - Admin Administra?ve Cost Pools cover all the rest of the support units. The model uses various allocators (see Code column) to determine what por?on of those costs will be a]ributed to each RC. Since the budget is always balanced, the RCs will collec?vely cover all of these costs. This creates a closed system where if an alloca?on is reduced for one RC, the resul?ng variance will simply result in an increase to some other RCs. Several administra?ve costs are spread across the RCs in propor?on to their total expenditures from all funds including grants/contracts and gins (EXP in the Code column). VP Research is allocated in propor?on to all grant and contract expenditures. This makes the alloca?on blind to whether a grant includes F&A which creates an incen?ve for colleges to build that in whenever possible since that would add revenue to the college without increasing the VPR alloca?on. We know that clinical subsidy and contracts for CORE partners are warping the HCOM alloca?on and need to be excluded Execu?ve Dean for Regional campuses is allocated only to regional campuses in propor?on to their expenditures. Grounds is allocated with the majority of the cost going directly to athle?cs (30%) and housing (30%) with the remainder shared by the other Athens academic RCs in propor?on to total expenditures. The percentages for Athle?cs and Housing need to be refined this is just a rough es?mate currently.
13 Indirect Cost Alloca?ons - Admin Enrollment Management (including Admissions, Registrar, Financial Aid) is allocated in propor?on total undergraduate credit hour produc?on (SCH- U). Revenue from fees and fines (applica?ons, transcripts, diplomas) reduces the amount allocated by $2M. Headcount or FTE could also be used to allocate these costs Graduate College is allocated in propor?on to the graduate student headcount (HC- G) in each unit OIT is allocated in propor?on to the total headcount (HC- T students plus employees) Advancement is to be allocated on alumni headcount if we can get that data we are using degrees granted since 1986 as an approxima?on for now. Human Resources and employee fee waivers are allocated in propor?on to the headcount number of employees (HC- E). Further refinement will be done to get just benefits eligible employee counts for fee waiver alloca?on Considering the use of FTE in place of headcount if we can get accurate FTE consistently across the units
14 Indirect Cost Alloca?ons - Space Space Costs are allocated on Net Assignable Square Footage (excludes hallways, stairs, lobbies, mechanical, etc. 72% of the Athens space is in the RCs (including HCOM, Housing, Dining, etc) so 72% of the space costs are allocated here to the RCs essen?ally charging them for the space they control. The remaining 28% of the space belongs to the academic resource centers, administra?ve units and general fee units. The costs associated with this space are added to that units budget and the combined total is then spread across the RCs. For example, the library budget is $10,829,757. It has 236,272 NASF which equates to $2,202,941 in space costs. The RCs are allocated the combina?on of these two costs or $13,032,698 in the model. This way RCs with larger amounts of space don t get charged a dispropor?onately larger por?on of central space costs because of that.
15 Indirect Cost Alloca?ons - Exclusions Some RCs do not par?cipate in every cost pool. Regional campuses do not par?cipate in cost pools related to Athens space and other services where they pay directly for their own costs or do not have access to the Athens service (the gray areas represent this exclusion). For other cost pools the Regional Campuses u?lize the service at a lower rate. These will become par?al alloca?ons shown in yellow. The exact percentage for their par?cipa?on is s?ll being determined so these are placeholder numbers
16 Indirect Cost Alloca?ons - Exclusions Auxiliaries are also excluded from some cost pools. For example, academic services like the library, enrollment management and research are not allocated to auxiliaries. Housing and Dining pay their own u?li?es so they don t par?cipate in the central u?li?es alloca?on. They also pay directly for their employee fee waivers and debt and maintain their own reserves. They don t generate any general fee revenue to pay for general fee costs. HCOM is excluded from enrollment management and graduate college cost pools since they do their own admissions and financial aid. They also have their own separate reserves. We are s?ll determining their impact on central pools items and debt.
17 The Athle?cs Supported Auxiliary The Athle?cs Responsibility Center reflects its posi?on as a supported auxiliary. The general fee revenue that flows originally in through the credit hour produc?on of the academic units is transferred to Athle?cs to create their budget and shows up as general fee revenue (yellow highlight) Like the other auxiliaries, indirect costs for Academic Resource Pool and Administra?ve Pools are then allocated as addi?onal costs for which Athle?cs is not given revenue. This essen?ally means that some general fund revenues (tui?on and subsidy) go to suppor?ng these indirect costs. To capture the addi?onal revenues used to support these costs, an addi?onal cost alloca?on is made that is based on the RCs total subsidy and tui?on revenue which essen?ally skims a por?on of those revenues off the top The same approach is used to deal with the space costs associated with the remaining general fee units that are not covered by general fee revenue
18 The Strategic Ini?a?ve Pool Note: Numbers shown are only for illustra?on Total Indirect Cost Alloca?ons are subtracted from the Unit Margin computed earlier to produce the Unit Margin ANer Cost Alloca?ons which shows the balance for the RC aner the indirect costs have been subtracted. The sign has been flipped at this point so that a nega?ve number means that revenues associated with the unit are not sufficient to cover all the indirect costs currently assigned. A placeholder has been created for a Strategic Ini?a?ve Pool that is calculated as a percentage of the total unrestricted revenues. The rate on that pool has not yet been determined since we currently are currently refining the impact from transfers associated with items like royal?es and quasi- endowments, and adjustments that s?ll need to be made for auxiliaries and other areas where not all the expenses have been lined up with the revenues. We will also be looking at how best to represent the calcula?on needed to both balance differences between units as well as fund strategic ini?a?ves so this is not intended to be a completed calcula?on. This also means that the Final Unit Margins aner taking out the Strategic Ini?a?ve Pool are also basically placeholders and not the final numbers. These lines are here to illustrate how this part of the model will be constructed.
19 Next Steps The data in the model will be refined based on the review currently under way by the Deans and their Budget Unit Managers. Further refinements to data sources like space, graduate waivers, VPR alloca?ons, etc. will be incorporated. Input from these forums and further discussions with the Deans will result in adjustments to the model and preliminary decisions for the aspects are s?ll under considera?on. By the end of summer we will have another year of credit hour data and the FY12 financial data will be closed which will allow us to roll the model forward one year. The completed model can then be presented and used in the FY14 budget construc?on process.
Financial Reporting. University Senate January 22, 2016
Financial Reporting University Senate January 22, 2016 J. Michael Gower Executive Vice President for Finance & Administration and University Treasurer Financial Statements vs. University Budget The annual
More informationRCM Review. Responsibility Centered Management Review September Budget Planning & Resource Analysis
RCM Review Responsibility Centered Management Review September 2011 Budget Planning & Resource Analysis What is RCM and RCB? RCM is Responsibility Centered Management RCB is Responsibility Centered Budgeting
More informationWhat is Responsibility Centered Management?
Jim Florian Associate Vice President, Institutional Analysis Office of the Provost What is Responsibility Centered Management? Budget model that links budgets to activity Allocates revenues based on activity
More informationOverview of Responsibility Centered Management (RCM) Budget Model Aug 2017
Overview of Responsibility Centered Management (RCM) Budget Model Aug 2017 The Responsibility Centered Management Budget Model was designed with the input of the University community to 1) encourage revenue
More informationA New Academic Business Model for UMass Dartmouth
Resourcing the Mission A New Academic Business Model for UMass Dartmouth Budgetary Planning Council 2016 Public Higher Ed in the 21 st C The situation The social compact has been compromised Resulting
More informationUW-Platteville Pioneer Budget Model
UW-Platteville Pioneer Budget Model This document is intended to provide a comprehensive overview of the UW-Platteville s budget model. Specifically, this document will cover the following topics: Model
More informationALL FUNDS OPERATING BUDGET FY2017. Institutional Budget Document Page 1
ALL FUNDS OPERATING BUDGET FY2017 Institutional Budget Document Page 1 Table of Contents Introduction... 3 Budget Highlights... 4 General Fund Changes... 4 Tuition & Fees Rate Increase %... 4 Enrollments...
More informationTechnical Notes for the Shared Responsibility Budget Model, ver for Oregon State University, Corvallis Campus Education and General Budget
Technical Notes for the Shared Responsibility Budget Model, ver. 19.8 for Oregon State University, Corvallis Campus Education and General Budget August 8, 2018 Overview The goals of this shared responsibility
More informationBudget Book
Budget Book 2017-2018 Table of Contents 1 Executive Summary... 5 2 FY18 Budget... 15 Consolidated University Budget (All Funds)... 15 Budget Columns (All Funds)... 16 Summary of Revenue Sources... 19
More informationDean s RCM Workshops January 2015
Dean s RCM Workshops January 2015 Agenda General overview of RCM Overview of the model and college budget composition Education s view of RCM Engineering s view of RCM Group Activity: Scenarios 2 General
More informationUH-Clear Lake Budget
FY2016 Total Budget $ Millions Operating Budget $ 131.5 Capital Facilities 23.1 Total $ 154.6 Operating Budget Source of Funds Other Operating, $2.0M 2% Tuition & Fees $71.1M 54% Contracts & Grants *,
More informationDRAFT August 2, Overview of OSU New Education and General (or Shared Responsibility) Budget Model Academic Colleges Focus
Overview of OSU New Education and General (or Shared Responsibility) Budget Model Academic Colleges Focus OSU-Corvallis is implementing a new budget model with the FY18 E&G budget. The model was used to
More information1 Executive Summary 2 FY19 Budget 3 State Appropriations 4 Tuition & Educational Fees
Budget Book 2018-2019 Table of Contents 1 Executive Summary... 5 2 FY19 Budget... 11 2.1 Consolidated University Budget (All Funds)... 11 2.2 Budget Columns (All Funds)... 12 2.3 Summary of Revenue Sources...
More informationDRAFT for Campus Discussion August 10, 2017
Technical Notes for the Draft Shared Responsibility Budget Model FY16, FY17, FY18 versions for Oregon State University, Corvallis Campus, Education and General Budget Author Note Principal changes from
More informationBudget Model Refinement Discussion. October 2018
Budget Model Refinement Discussion October 2018 1 Agenda 1. Budget Model Refinement Schedule 2. Opportunities for Refinement Significant Financial Challenges/Issues Overall Policy Issues Budget Model Formula
More informationCampus Budget Forum November Alison Galloway Campus Provost and Executive Vice Chancellor
Campus Budget Forum November 2014 Alison Galloway Campus Provost and Executive Vice Chancellor Welcome to the first 2014-15 informa7onal webinar for the UC Santa Cruz campus. I am joined by Free Moini,
More informationIntroduction to the UND s New Budget Model
Introduction to the UND s New Budget Model Existing Budget Model? UND s budget approach has been historical and incremental Meaning: The next year s budget for a unit would be what units got this year
More informationFY 2016 BUDGET RUTGERS NEWARK
RUTGERS SCHOOLS Office of Budget and Resource Studies January 29, 2016 Office of Budget and Resource Studies 33 Knightsbridge Road Piscataway, NJ 08854 budget.rutgers.edu p. 848-932-7472 f. 732-445-3579
More informationBudget Reform Update. Paul Ellinger, Associate Chancellor & Vice Provost Budget and Resource Planning
Budget Reform Update Paul Ellinger, Associate Chancellor & Vice Provost Budget and Resource Planning February 2018 Outline Brief budget model overview Communication plan Principles Major components Timeline
More information2014 Planning & Budgeting Forum
2014 Planning & Budgeting Forum The Accounting of RCM September 23, 2014 Denver, CO Conference Session Speakers Name Title Contact Details Andrew L. Laws Managing Director (session facilitator) Huron Consulting
More informationUTSA FY 2018 Budget 101 Presentation Foundational
UTSA FY 2018 Budget 101 Presentation Foundational Kathryn Funk-Baxter, Vice President for www.utsa.edu/businessaffairs UTSA Budget Process Current budgeting process overview Overview of Revenue (sources)
More informationAn Overview: Responsibility Center Management (RCM) Treasurer s Town Hall January 15, 2015
An Overview: Responsibility Center Management (RCM) Treasurer s Town Hall January 15, 2015 Common University Budget Models EVERY TUB ON ITS OWN BOTTOM INCREMENTAL FORMULA-BASED RESPONSIBILITY CENTER MANAGEMENT
More informationALL FUNDS OPERATING BUDGET FY2016. Institutional Budget Document Page 1
ALL FUNDS OPERATING BUDGET FY2016 Institutional Budget Document Page 1 Table of Contents Introduction... 3 Budget Highlights... 4 General Fund Changes... 4 Tuition & Fees Rate Increase %... 4 Enrollments...
More informationFaculty Senate Fiscal Committee February 24, 2015
Faculty Senate Fiscal Committee February 24, 2015 TOPIC: Overhead Rates for FY 2016 CONTEXT: This is the annual calculation of overhead rates charged by the University to non-general Fund (earnings) units
More informationCSUF CALIFORNIA STATE UNIVERSITY, FULLERTON
CSUF CALIFORNIA STATE UNIVERSITY, FULLERTON Budget Report Fiscal Year 2014-2015 Table of Contents I. Foreword II. University Resources a. Fiscal Year Budget 1 b. Highlights: 2014-15 Operating Fund Budget
More informationTABLE OF CONTENTS. Statement of Net Positon 1. Statement of Revenues, Expenses and Changes in Net Position 2. Total Expenditures by Fund 3
Financial Statements February 28, 2017 TABLE OF CONTENTS PAGE Statement of Net Positon 1 Statement of Revenues, Expenses and Changes in Net Position 2 Total Expenditures by Fund 3 FLORIDA ATLANTIC UNIVERSITY
More informationTABLE OF CONTENTS. Statement of Net Positon 1. Statement of Revenues, Expenses and Changes in Net Position 2. Total Expenditures by Fund 3
Financial Statements TABLE OF CONTENTS PAGE Statement of Net Positon 1 Statement of Revenues, Expenses and Changes in Net Position 2 Total Expenditures by Fund 3 FLORIDA ATLANTIC UNIVERSITY STATEMENT OF
More informationHow Much Does It Cost?
How Much Does It Cost? Eileen G. McLoughlin, Assistant Vice President of Finance and Budgeting, Rensselaer Polytechnic Institute Charles Tegen, Associate Vice President for Finance and Comptroller, Clemson
More informationTABLE OF CONTENTS. Statement of Net Positon 1. Statement of Revenues, Expenses and Changes in Net Position 2. Total Expenditures by Fund 3
Financial Statements December 31, 2017 TABLE OF CONTENTS PAGE Statement of Net Positon 1 Statement of Revenues, Expenses and Changes in Net Position 2 Total Expenditures by Fund 3 FLORIDA ATLANTIC UNIVERSITY
More information1 Campus Budget. 1.1 Revenues
UCR Budget Primer prepared for Senate Committee on Planning & Budget as of September 2016 as understood by Christian Shelton with thanks to VC Maria Anguiano & former committee chair Ken Barish Abstract
More informationUniversity of Houston-Clear Lake Appendix A - Allocation of New FY 2014 Resources
Appendix A - Allocation of New FY 2014 Resources Revenue Changes A Reallocations/Reductions B Appropriations Bill 1 Reallocations $ (920,892) 1 General Revenue $ 1,310,875 2 Reductions (985,000) 2 State
More informationTABLE OF CONTENTS. Statement of Net Positon 1. Statement of Revenues, Expenses and Changes in Net Position 2. Total Expenditures by Fund 3
Financial Statements April 30, 2018 TABLE OF CONTENTS PAGE Statement of Net Positon 1 Statement of Revenues, Expenses and Changes in Net Position 2 Total Expenditures by Fund 3 FLORIDA ATLANTIC UNIVERSITY
More informationResponsibility Center Management (RCM) University of Pennsylvania Office of Budget & Management Analysis Fall 2017
Responsibility Center Management (RCM) University of Pennsylvania Office of Budget & Management Analysis Fall 2017 Responsibility Center Management (RCM) Management & Reporting at PENN Internal: RCM is
More informationStrategic Budgeting: 10 Critical Policy Decisions
Strategic Budgeting: 10 Critical Policy Decisions Facilitator Andrew Laws Managing Director Huron Consulting Group Panelists Melissa Johnson Director of Budget and Fiscal Planning Purdue University Chad
More informationFINANCIAL SYSTEM ENHANCEMENTS ACCOUNTING WITH THE NEW COA
FINANCIAL SYSTEM ENHANCEMENTS ACCOUNTING WITH THE NEW COA 1 AGENDA Foundation & Endowment Accounting Accounting for Revenue Revenue and Expense Allocations Student Orgs Funding & Accounting How to charge
More informationFY16 BUDGET & FINANCIAL PROJECTIONS FY 16 FOR THE ADVANCEMENT OF SCIENCE AND ART BUDGET & FINANCIAL PROJECTIONS
THE COOPER UNION FOR THE ADVANCEMENT OF SCIENCE AND ART PAGE I FY 16 THE COOPER UNION FOR THE ADVANCEMENT OF SCIENCE AND ART BUDGET & FINANCIAL PROJECTIONS THE COOPER UNION FOR THE ADVANCEMENT OF SCIENCE
More informationFlorida A&M University Budget
BACKGROUND INFORMATION The 2017-18 Final Operating Budget will be developed by the University by mid-july and is due to the BOG on August 18, 2017. See timetable below. However, universities must provide
More informationBudget Model Assessment
Budget Model Assessment An Update on the Activities of the Joint Task Force on Resource Allocation Co-chairs: Elizabeth Chilton and Tim Anderson January 30 th, 2014 JTFRA Charge The Joint Task Force on
More informationAPPENDIX FACULTY OF ARTS AND SCIENCES MANAGERIAL FINANCIAL REPORT FISCAL YEAR 2013 HARVARD UNIVERSITY
APPENDIX FACULTY OF ARTS AND SCIENCES MANAGERIAL FINANCIAL REPORT FISCAL YEAR 2013 HARVARD UNIVERSITY (in millions) Faculty of Arts and Sciences Consolidated Statement of Activity Fiscal Year Ending June
More informationFinancial Management Guidelines and Procedures
The financial position and future of the Colorado School of Mines is dependent on several variables including enrollment, research growth, changes in industry demand, and competing institutions at the
More informationAPPENDIX FACULTY OF ARTS AND SCIENCES MANAGERIAL FINANCIAL REPORT FISCAL YEAR 2015 HARVARD UNIVERSITY
APPENDIX FACULTY OF ARTS AND SCIENCES MANAGERIAL FINANCIAL REPORT FISCAL YEAR 2015 HARVARD UNIVERSITY (in millions) Faculty of Arts and Sciences Consolidated Statement of Activity Fiscal Year Ending June
More informationInformational Session for Fiscal Year Budget
Informational Session for Fiscal Year 2016-2017 Budget PRESENTED BY Angela M. Poole, CPA Acting Vice President for Finance and Administration Florida Agricultural and Mechanical University Budget and Finance
More informationUNIVERSITY of MISSOURI SYSTEM
The UNIVERSITY of MISSOURI SYSTEM! Kansas City! Columbia! St. Louis! Rolla Fiscal Year 2002 Operating Budget UNIVERSITY OF MISSOURI SYSTEM OPERATING BUDGET Fiscal Year 2001-2002! Kansas City! Columbia!
More informationCampus Budget Reform September 2018 O F F I C E O F T H E P R O V O S T
Campus Budget Reform September 2018 O F F I C E O F T H E P R O V O S T Outline Fall: Update on Campus Budget Reform Campus budget overview Budget reform Spring: Planning your Department s Budget Budget
More informationOKLAHOMA STATE UNIVERSITY SYSTEM SUMMARY OF REVENUE & EXPENDITURES FISCAL YEAR ENDING JUNE 30, 2015
OKLAHOMA STATE UNIVERSITY SYSTEM SUMMARY OF REVENUE & EXPENDITURES FISCAL YEAR ENDING JUNE 30, 2015 OKLAHOMA OKLAHOMA OSU CENTER FOR CENTER FOR GENERAL AGRICULTURAL COOPERATIVE INSTITUTE OF VETERINARY
More informationTexas Southern University BUDGET SUMMARY. Approved Cleburne Houston, Texas 77004
Texas Southern University 3100 Cleburne Houston, Texas 77004 BUDGET SUMMARY 2015-2016 Approved August 21, 2015 Summary Budget 1 Operating Budget Revenues - General Funds State Funding Tuition and Fees
More informationBudget Model Initiative (Phase 1)
Budget Model Initiative (Phase 1) March 2017 Higher Purpose. Greater Good. 1 The Budget Model initiative is divided into two phases Phase 1: Transparency (Fall 2016 / Winter 2017) Phase 2: Redesign (Q2
More informationNew Jersey Institute of Technology
New Jersey Institute of Technology FY2018 Budget Development Presented to the Board of Trustees June 1, 2017 1 FY2018 Developing Operating Budget The developing FY2018 operating budget is the result of
More informationBudgeting at Montclair State University
Office of Budget & Planning Budgeting at Montclair State University Overview for Budget Managers 1 7/9/2018 Introduction This presentation is for new budget managers and other new staff that will be involved
More informationFrequently Asked Questions (FAQs) about NKU s New Budget Model
Frequently Asked Questions (FAQs) about NKU s New Budget Model Philosophy and guiding principles Why did NKU need a new budget model? Internal and external factors pointed to the need for a more flexible,
More informationTable of Contents. FY 2018 Operating Budget and Plan 1
L PUB C N A N FI E ISHE D OB OCT 017 ER 2 G N I T M D A A F R O E ON I P S I O DIV N L A A L N P R D E N T A N I T E G D U B R T S I IN LY A C S FI 018 2 R EA N O I T A & Table of Contents Introduction...
More informationPROPOSED FY 2017 EDUCATIONAL & GENERAL BUDGETS
PROPOSED FY 2017 EDUCATIONAL & GENERAL BUDGETS Proposed to Board of Trustees Prepared by the Office of Finance and Administration June 23, 2016 TABLE OF CONTENTS Page No. Bowling Green Campus Income &
More informationBudget Flint Campus
2016-2017 Budget Flint Campus This page left blank intentionally. Table of Contents The University of Michigan - Flint Section One - Summary of Budgeted Revenues and Expenditures Schedule A: Summary by
More informationMulti-year Budget Planning Strategies and Implementation Under the Budget Reform Initiative
Multi-year Budget Planning Strategies and Implementation Under the Budget Reform Initiative OFFICE OF THE PROVOST Outline Motivation for multi-year planning Operational Excellence @ Illinois Budget reform
More informationFY15 Six Month Budget Update
FY15 Six Month Budget Update February 2015 Overview of the Operating and Research Funds For the Six Months Ended December 31, 2014 Summary On June 25, 2014, the Board of Trustees approved a Spending Plan
More informationFY 2017 WORKING BUDGET MAJOR COMPONENTS $436,805,383
FY 2017 WORKING BUDGET MAJOR COMPONENTS $436,805,383 Restricted Funds $92,500,000 21.2% Auxiliary Enterprises $66,179,318 15.2% StateSupported E&G $247,420,814 56.6% Self-Supported E&G $30,705,251 7.0%
More informationJoseph Trubacz Senior Vice President for Finance and Administration
TO: FROM: Board of Trustees Joseph Trubacz Senior Vice President for Finance and Administration DATE: May 21, 2011 SUBJECT: FY 2013 Budget I. BACKGROUND INFORMATION Fiscal Year 2013 Operating Budget Summary
More informationBGSU FY P ropose ed Bu dgets
Office of Finance & Administration June 2013 BGSU FY 20 014 P ropose ed Bu dgets BGSU FY 2014 Proposed Budgets Educational & General Budgets (Bowling Green & Firelands Campus) General Fee & Related Auxiliary
More informationBusiness Area Structure. January 5, 2018
Business Area Structure January 5, 2018 OVERALL STRUCTURE CAMPUS Groups Segments SEGMENTS Groups Business Areas BUSINESS AREAS Groups Cost Centers COST CENTERS Groups Internal Orders INTERNAL ORDERS/WBS
More informationTransition to a New Budget Model at the University of Toronto. CAUBO June 17, 2008
Transition to a New Budget Model at the University of Toronto CAUBO June 17, 2008 Sally Garner Senior Manager Long Range Budget Planning CAUBO 17June08 Overview U of T Facts and Figures Transition Timeline
More informationBruce McPheron, Interim Executive Vice President and Provost Geoff Chatas, Senior Vice President and Chief Financial Officer
Department of Accounting and MIS 400 Fisher Hall 2100 Neil Avenue Columbus, OH 43210 614-247-6299 Phone 614-292-2118 Fax dietrich@fisher.osu.edu February 29, 2016 To: Bruce McPheron, Interim Executive
More informationCSU Stanislaus FY Budget. General Operating Fund FY Base Budget. General Operating Fund One- Time Carryforward
CSU Stanislaus 2012-13 FY Budget General Operating Fund 2012-13 FY Base Budget General Operating Fund One- Time Carryforward Lottery 2012-13 FY Base Budget Lottery One- Time Budget University Extended
More informationWelcome! Preparing Your Budget: Programmatic and Administrative Considerations. Justin Papka, MA Supervisor, Contracts Operations
Preparing Your Budget: Programmatic and Administrative Considerations Jus$n Papka, MA Supervisor, Contracts Opera2ons January 29, 2016 Welcome! Justin Papka, MA Supervisor, Contracts Operations 2 In This
More informationFISCAL PROFILE
FISCAL PROFILE 2007-2011 The University of North Carolina at Greensboro FISCAL PROFILE 2007-2011 INTRODUCTION This document is an overview of financial, budgetary, and student data for The University of
More informationGuilford Public Schools, Board of Educa4on. BoE Approved Budget BoF Presenta9on February, 2015
Guilford Public Schools, Board of Educa4on BoE Approved Budget 2015-16 BoF Presenta9on February, 2015 Guilford Public Schools District Priorities 2014-2015 Priority #1 All students will be engaged in
More informationFood Services Advisory Committee. UH Planning and Budgeting
Food Services Advisory Committee UH Planning and Budgeting November 12, 2010 Food Services Advisory Committee UH Planning and Budgeting Budgeting Process 2 Overview of the Planning and Budget Process Internal
More informationFourth Report of the Budget Model Development Committee
INTRODUCTION This (BMDC) has resulted from over a year of investigating models of budget development and resource management in higher education. The goal of this study is to propose a new approach to
More informationBudget Planning Part II
Budget Planning Part II Connecting Financial Planning & Academic/Programmatic Planning For Future Success Budget & Fiscal Affairs Workshop November 5, 2013 Aimee Heeter AVP, Budget Planning & Development
More informationThe Florida International University Budget Town Hall Discussion. March 9, 2009
The Florida International University Budget Town Hall Discussion March 9, 2009 1 FLORIDA INTERNATIONAL UNIVERSITY AGENDA Direction What is the University s strategic direction? What are the state revenue
More informationBudget Summary--First Year Budgets for UCI, UCLA, and UCSF
Budget Summary--First Year Budgets for UCI, UCLA, and UCSF Line Item # Line Item Description UCI amounts (year 1) UCLA amounts (year 1) UCSF amounts (year 1) FTE ENROLLMENT 1 Year-average Program Enrollment
More informationIn fiscal year (FY) , the general fund base budgets by department were as follows:
1.6 Fiscal Resources. The school shall have financial resources adequate to fulfill its stated mission and goals, and its instructional, research and service objectives. a. Description of the budgetary
More informationBudget Planning Council Meeting Agenda August 30, :00am 1:00 pm Baker Center ~ Multicultural Center Room 219
Budget Planning Council Meeting Agenda August 30, 2018 11:00am 1:00 pm Baker Center ~ Multicultural Center Room 219 Meeting Objectives Provide members with an overview of the: o Role of BPC in the Ohio
More informationHigher Education Survey
Higher Education Survey FY2017 1 of 14 Section 1. Pledges & Testamentary Commitments A. Outstanding Pledges Report the number and dollar amount of new contributions pledged (unconditionally) during the
More informationOffice of Finance & Administration. June BGS SU FY Pr ropo osed Budgets. Educational & General Budgets (Bowling Green & Firelands Campus)
Office of Finance & Administration June 2012 BGS SU FY 20 13 Pr ropo osed Budgets BGSU FY 2013 Proposed Budgets Educational & General Budgets (Bowling Green & Firelands Campus) General Fee & Related Auxiliary
More informationOperating & Capital Budget Plan May 2017
2017-2018 Operating & Capital Budget Plan May 2017 Operating and Capital Budget Plan FY 2018 Operating Budget - Highlights Table 1: Composite Operating Budget 4 Table 2: Composite Operating Budget - by
More informationTable of Contents. Executive Summary... Overview...
Table of Contents Executive Summary... Overview... iii 1 Delegation of Authority to the Administration... Summary Revenue and Expense by Program... Summary Revenue and Expense by Account... Operating Resources
More informationFinancial Administrator Development Series Sources and Uses of Funds: A Planning Perspective
Financial Administrator Development Series Sources and Uses of Funds: A Planning Perspective David S. Byelich Assistant Vice President and Director Office of Planning and Budgets 1 What is your profession?
More informationResponsibility Accounting. Profitability Analysis- Revenue and Expense by Division/Department
Responsibility Accounting Profitability Analysis- Revenue and Expense by Division/Department August 11, 2006 Overview- Definition Financial model to match all revenues and expenses associated with an Academic
More informationUniversity of California, Merced Final and Preliminary All-Funds Base Budget
University of California, Merced 201516 Final and 201617 Preliminary AllFunds Base Budget FINAL Division of Planning and Budget Finance Group 1 WE WELCOME YOUR COMMENTS Division of Planning and Budget
More informationLEHIGH University. Financial Planning Report With Budget
LEHIGH University Financial Planning Report With 2012-2013 Budget L E H I G H U N I V E R S I T Y 2 0 1 2-1 3 B U D G E T ------------------------- T A B L E O F C O N T E N T S PAGE I. COMMENTARY 1-9
More informationClick to Add Title. What HR Professionals Need to Know About Budgets at UIC. HR Academy November 7, 2014
What HR Professionals Need to Know About Budgets at UIC Click to Add Title HR Academy November 7, 2014 Janet Parker Associate Chancellor & Vice Provost Budget & Resource Planning Agenda Fund Accounting
More informationARKANSAS DEPARTMENT OF HIGHER EDUCATION ADHE 17-1 SUMMARY OF INCOME FOR ALL FUND GROUPS (SEE INSTRUCTIONS)
ADHE 17-1 SUMMARY OF INCOME FOR ALL FUND GROUPS FICE CODE 12105 COMPLETED BY: Susan Holsomback INSTITUTION DATE COMPLETED: 9/13/2013 FISCAL YEAR ended June 30,2013 TELEPHONE NO. 501-760-4216 INCOME (and
More informationARKANSAS DEPARTMENT OF HIGHER EDUCATION ADHE 17-1 SUMMARY OF INCOME FOR ALL FUND GROUPS (SEE INSTRUCTIONS)
ADHE 17-1 SUMMARY OF INCOME FOR ALL FUND GROUPS FICE CODE 1104 COMPLETED BY: Stan Sullivant INSTITUTION DATE COMPLETED: September 13, 2013 FISCAL YEAR 2013 TELEPHONE NO. 870-816-1274 INCOME (and other
More informationDraft CLA Budget Model,
College Budget Under RCM in 2016 Responsibility Centered Management (RCM) for CLA For purposes of discussion, we will be using budgetary data from FY2016. Table 1 shows these data. The first column represents
More informationLifestyle Management Center
Lifestyle Management Center Prepared by: Shepstone Management Company, Inc. Planning & Research Consultants 100 Fourth Street Honesdale, PA 18431 (570) 251-9550 FAX 251-9551 www.shepstone.net smc@shepstone.net
More informationFinance Reform. Speaker Series March
Finance Reform A new metrics-informed financial model designed to improve transparency, align incentives with campus goals, and simplify our planning and management environment http://budget.berkeley.edu/financereform
More informationLIFE UNIVERSITY, INC. CERTIFICATE OF COMPLIANCE REQUIRED BY SECTION 8.11 (B) OF THE LOAN AGREEMENT
LIFE UNIVERSITY, INC. CERTIFICATE OF COMPLIANCE REQUIRED BY SECTION 8.11 (B) OF THE LOAN AGREEMENT Pursuant to Section 8. 11 (b) of the Loan Agreement dated as of August 1, 2008 between Life University,
More informationNew Jersey Institute of Technology
New Jersey Institute of Technology Budget Presentation to the Faculty Senate FY17 Budget Highlights FY17 Budget Status Status of Business Process Improvements Budget Development Calendar November 10, 2016
More informationGEORGIA INSTITUTE OF TECHNOLOGY BUDGET SUBMISSION INSTRUCTIONS FOR FISCAL YEAR 2015
GEORGIA INSTITUTE OF TECHNOLOGY BUDGET SUBMISSION INSTRUCTIONS FOR FISCAL YEAR 2015 Purpose: The principal purpose of the budget planning process is to provide Georgia Tech s senior leadership the essential
More informationPROPOSED FY 2018 EDUCATIONAL & GENERAL BUDGETS
PROPOSED FY 2018 EDUCATIONAL & GENERAL BUDGETS Proposed to Board of Trustees Prepared by the Office of Finance and Administration June 2017 TABLE OF CONTENTS Page No. Bowling Green Campus Income & Expenditure
More informationFinance & Administration Committee. June 6, 2018
Finance & Administration Committee June 6, 2018 1 Agenda Call to Order/Roll/Declaration of Quorum Consent Agenda Vice President s Report Third Quarter Financial Report Tuition Policy Revision - HB 4141
More information2/22/2019. Understanding the University Budget Kelley Westhoff Executive Director for Budget, Planning, & Analysis. Agenda
Understanding the University Budget Kelley Westhoff Executive Director for Budget, Planning, & Analysis March 6, 2019 Agenda $ The Washington State Budget & Higher Education Sector $ Budget Models $ The
More informationDecember Facilities and Administrative Costs Primer The Research Foundation for The State University of New York
December 2014 Facilities and Administrative Costs Primer The Research Foundation for The State University of New York Table of Contents Introduction... 3 Direct vs. Facilities and Administrative (F&A)...
More informationSTATE FUNDING REQUESTED VS. GOVERNOR S PROPOSAL. Proposed by the Governor
2 STATE FUNDING REQUESTED VS. GOVERNOR S PROPOSAL CSU Request $216.6M Proposed by the Governor $119.5M Funding Gap $97.1M 3 ENROLLMENT PLAN 2013/14 2014/15 2015/16 Base Surplus Total Base Surplus Total
More informationUH-Downtown Budget. Other Operating, $4.8, 3% Contracts & Grants*, $38.7, 22% Endowment / Gifts, $2.9, 2% HEAF, $11.7, 6% Total $179.
FY2017 UH-Downtown Budget Operating Budget Source of Funds Other Operating, $4.8, 3% Operating Budget Use of Funds Total Budget $ Millions Operating Budget $ 179.1 Capital Facilities 6.0 Total $ 185.1
More informationPresentation to the UH Faculty Senate. University of Houston FY 2016 Budget For current information see
Presentation to the UH Faculty Senate University of Houston FY 2016 Budget For current information see http://www.uh.edu/af/budget/index.htm 1 Contents Background and Process Slides 3-12 Budget Topic:
More informationUNTHSC. Annual Budget Development Process Fiscal Year 2019 Guidelines & Instructions - Spring 2018
UNTHSC Annual Budget Development Process Fiscal Year 2019 Guidelines & Instructions - Spring 2018 INTRODUCTION: The budgeting process at the University of North Texas Health Science Center (UNTHSC) assigns
More information2018 OPEN BUDGET MEETING. April 26, 2018 Page 0
2018 OPEN BUDGET MEETING Page 0 Today s Agenda Overview of Financial Planning Different Types of Plans Annual Budget Cycle FY 2017-18 Forecast FY 2018-19 Budget Operating Budget Capital Budget Open Discussion
More informationEXECUTIVE SUMMARY. Performance Fund* 4,414,100 Total $74,448,900
EXECUTIVE SUMMARY House Bill 200, the Executive Branch Budget, was passed by the 2018 Regular Session of the Kentucky General Assembly and provides a state expenditure plan for the 2018-20 biennium. The
More information