75% 65% 55% 45% 35% State Appropriation as % of Total Revenue. Tuition and Fees as % of Total Revenue 25% 15%
|
|
- Andrew Richards
- 6 years ago
- Views:
Transcription
1
2
3 75% 65% 55% 45% 35% 25% State Appropriation as % of Total Revenue Tuition and Fees as % of Total Revenue 15%
4 $40,500,000 $38,500,000 39,709,262 38,990,835 39,573,393 $36,500,000 37,797,627 36,962,461 $34,500,000 $32,500,000 $30,500,000 34,435,751 33,965,716 30,549,281 30,872,019 $28,500,000 State Appropriation (including Performance Funding) State Appropriation & Federal Stimulus Funds 30,277,192 $26,500,000
5 8% 7% 6% Average Tuition Increase: 3.72% 5% 4% 3% 2% 1% 0%
6
7 As of 4/30/13 6/19/13 Cabinet decisions 7/23/13 Cabinet Meeting FINAL I. SOURCE OF FUNDS ORIGINAL ORIGINAL ORIGINAL ORIGINAL ACTUAL ACTUAL BUDGET BUDGET BUDGET BUDGET Prior Year Carryover 7,187,229 7,205,094 1,586,432 3,424,377 3,424,377 3,589,215 State Appropriation 30,549,281 30,277,192 30,277,192 30,277,192 30,271,294 30,872,019 University Revenue - Tuition, Fees, Miscellaneous 78,201,177 76,632,551 74,794,365 74,794,365 76,487,654 76,794,654 TOTAL SOURCE OF FUNDS 115,937, ,114, ,657, ,495, ,183, ,255,888 II. USE OF FUNDS Personnel Compensation 76,124,350 80,838,433 87,303,302 85,365,594 85,400,751 83,521,034 Services, Supplies, & Other Exp 20,722,953 23,072,633 21,302,430 21,302,430 21,284,401 20,448,304 Capital Expenditures 1,713,182 1,386, , , , ,596 Transfers To & From Plant & Endowment 10,661,471 6,559,060 5,651,300 5,151,300 5,151,300 5,791,535 Reserve for Future Commitments 6,641,354 2,258,492 1,143,483 1,136,174 1,136,174 1,133,988 TOTAL USE OF FUNDS 115,863, ,114, ,824, ,379, ,396, ,187,457 TOTAL EXCESS/(SHORTFALL) 74,378 - (9,166,547) (4,883,585) (3,213,322) 68,431
8
9 Explanation of Personnel Increase for Budget Original Budget Draft Budget Breakdown of Salary & Wages Variance Comments Salaries & Wages 52,967,557 55,043,761 2,076,204 APSCUF 1,272,656 Per Bargaining unit templates provided by PASSHE AFSCME 334,279 Per Bargaining unit templates provided by PASSHE Nurses 9,321 Per Bargaining unit templates provided by PASSHE Coaches 53,734 Per Bargaining unit templates provided by PASSHE SCUPA 53,524 Per Bargaining unit templates provided by PASSHE Physician 5,619 Per Bargaining unit templates provided by PASSHE Police 14,876 Per Bargaining unit templates provided by PASSHE Management 599,506 Per BOG approval Other personnel adjustments (267,311) Total impact of pay increases 2,076,204 Faculty Other Pay 5,394,834 5,919, ,573 Other Pay 1,257,944 1,111,453 (146,491) Student Wages 2,188,157 2,116,856 (71,301) Personnel Transfers (5,805,723) (5,276,685) 529,038 Retirement 5,645,181 7,179,987 1,534,806 SERS increase from 10.51% to 15.22% and PSERS from 6.18% to 8.46% coupled with pay increases Other Benefits 18,292,021 19,883,456 1,591,435 Employee Tuition Waivers 1,602,544 1,740, ,592 TOTAL 81,542,515 87,718,371 6,175,856
10 Budget Reductions through Increased Tuition from Enrollment Management Decisions Reduction of Worker's Compensation Expenditures University Marketing Initiatives/Gift usage 250,000 Operating Budget Reductions 1,125, , ,727 Student Employment Reductions 152,910 Salary and Benefit Savings 635,021 10% Reduction in Certain Base Budgets 165,781 Use of Performance Funding Program Initiatives Line Item 651,488 Reduction in Equipment/Furniture/Repair & Renovation Budget 1,518, ,136 Reduction of 10 TPTF Positions 628,100 Selective Freeze/Elimination of Administrative Positions 2,404,953 1,467,516 1,638,609 5,237,185 Reductions in Course Offerings/Delayed Hiring of Tenured Track Positions 440,743 1,030,127 Reclass of Full-Time Administrative Support Positions to Half-Time 62,408 Utilize Tech Fee to underwrite instructional technology services 1,080,532 Use of Contingency Reserve and fund balance to fund operating and personnel expenses 2,002,783 TOTAL REDUCTIONS 4,249,166 3,473,796 3,755,799 1,638,609 8,510,831
11 Impact of SERS Required Rate Increases to $3,500,000 $3,069,027 $3,000,000 $2,500,000 $2,265, $2,000, $1,500,000 $1,000,000 $673,134 $956,838 $1,495, $500,000 $0
12 Millersville University Unrestricted Net Assets As of 06/30/12 As of 06/30/13 $ of Total Unrestricted Net Assets % of Total Unrestricted Net Assets $ of Total Unrestricted Net Assets % of Total Unrestricted Net Assets Grand Total $ 24,821, % $ 19,176, % President's Area $ 371, % $ 270, % Academic Affairs $ 6,908, % $ 5,347, % Student Affairs $ 802, % $ 518, % Finance & Administration $ 1,865, % $ 1,617, % University Advancement $ 1,372, % $ 466, % Information Resources $ 1,239, % $ 813, % University Wide $ 9,177, % $ 7,159, % Plant Fund $ 2,692, % $ 2,439, % University Emergency Loan Funds $ - 0.0% $ 104, % Quasi Endowment Reserves $ 391, % $ 439, %
13
14 Structural Budget Issues for as a result of decisions made for Use of one-time funds to balance budget Contingency Fund 1,500,000 Suspension of Repair and Renovation budget 500,000 Suspension of Base Equipment Budget 336,136 Gift funds - Byerly (Obligation has been met) 250,000 Vice Presidential Areas use of one-time funds/temporary freezing of positions Academic Affairs return of TPTF revenue sharing 350,000 Academic Affairs savings target 500,000 University Advancement savings target 110,446 Student Affairs savings target (plus additional savings over target) 176,885 2,586,136 1,137,331 On-going funding for Black and Gold Awards 250,000 Structural Deficit 3,973,467
15 Structural Budget Issues for as a result of salary and benefits challenges Structural Deficit 3,973,467 Positions frozen to balance budget: positions were frozen or paid for using carryforward 2,151, positions frozen which remained frozen 1,181,718 Estimated impact of contract settlements for APSCUF 1,287,989 AFSCME 599,016 COACHES 60,701 NURSES 16,041 SCUPA 55,876 POLICE 20,759 PHYSICIAN 3,794 MANAGEMENT 366,548 3,333,148 2,410,724 Structural Deficit (including frozen positions) 9,717,339
16 Positions Frozen to Balance Budget # of # of Positions Positions Frozen Frozen AFSCME COACHES 1 SCUPA 2 1 MANAGEMENT Estimated Impact of Contract Settlements # of Positions APSCUF 1,287, AFSCME 599, COACHES 60, NURSES 16,041 8 SCUPA 55, POLICE 20, PHYSICIAN 3,794 1 MANAGEMENT 366, ,410,724
17 What About Tuition and Fees? Tuition MU Student Enrollment In State Out of State Current 95% 5% If changed 90% 10% Fees COT Fees BOG Fees 1% Growth = $ 575,000 plus Over Five Years = $ 2,875,000 plus Room and Board General Fee Meal Plan Amount Technology Fee Academic Support Fee - based on In-State Tuition
18 QUESTIONS? To view this presentation, please visit
Millersville University Strategic Planning and Budget Update
Millersville University Strategic Planning and Budget Update Presented by Mr. Roger Bruszewski & Ms. Jennifer Mariacher January, 2017 Year Two Summary Goal A: Engage Learners Accomplished FIU contract
More informationBudget Update. Fiscal Year and
Budget Update Fiscal Year 2013-14 and 2014-015 PASSHE 2013/2014 E&G Appropria4on - Base and Performance Funding FY 2013/2014 Performance Funding System Wide: BU is 4 th out of 14 for E&G Base Appropriation
More informationFINANCIAL STATEMENTS JUNE
FINANCIAL STATEMENTS JUNE 30, 2015 Financial Statements 2015 Table of Contents Page Independent Auditors Report... 1 Management s Discussion and Analysis... 3 Balance Sheet... 18 Statement of Revenues,
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 informationBudget Preparation Manual FY
Budget Preparation Manual FY 2018-19 Table of Contents Introduction...1 Purpose...1 Strategic Plan...1 Challenges...1 The Process...2 Initial E&G Budget Submission (BUDRPT19) and Updated Scenarios...2
More informationYear over Year Proposed Budget Audit, DRAFT Change Revenues Operating Revenues:
Clarion University of PA Statement of Revenues, Expenses, and Change in Net Position ------------------Year Ended June 30, ----------------- 2015 2014 Year over Year Proposed Budget Audit, DRAFT Change
More informationTAB I. FY2015 Q2 Operating Management Report
FY2015 Q2 Operating Management Report Oregon State University s FY2015 Second Quarter (Q2) Operating Management Report presents the first six months of operating results for the three operating fund groups:
More informationBudget Preparation Manual FY
Budget Preparation Manual FY 2017-18 Table of Contents Introduction...1 Purpose...1 Strategic Plan: Impact 2015 Extended to 2017...1 Challenges...1 The Process...2 Initial E&G Budget Submission (BUDRPT18)
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 informationFY 2016 TTU System Combined Annual Financial Report
Review of the FY 2016 TTU System Combined Annual Financial Report Gary Barnes, Vice Chancellor and CFO May 2017 Page 1 Revenues, Expenses and Changes in Net Position as of August 31 (in thousands) 2012
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 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 15 & 16 Operating and Capital Budget Calendar Page 1 of 6
Page 1 of 6 August 1, 2014 Run faculty salary report in data warehouse to validate base salary correct notify Provost Office of discrepancies (this is different than the Payroll report) September 2014
More informationMorton Community College Budget Report For 4 Months Ending October 31, 2017
Morton Community College Report Morton Community College Report Summary 33% Funds Actual % Education Fund Revenue $ 8,753,933 $ 23,627,720 37.0% $ 14,873,787 Expenditures (6,565,157) (21,014,849) 31.2%
More informationFinancial Report to the Board of Trustees
Financial Report to the Board of Trustees February 28, 2012 FY11 Closeout and FY12 Six Month Update University of Connecticut Health Center FY11 Closeout 2 University of Connecticut Health Center FY 2011
More informationOVERVIEW OF FINANCIAL STATUS
OVERVIEW OF FINANCIAL STATUS Harpursville CSD February 23, 2017 Kathy Blackman, C.P.A. Controller, Central Business Office Tonight s Topics Revenue Expenses Wages Gifts Other House Car Living Other Revenue
More informationNew Jersey Institute of Technology
New Jersey Institute of Technology University Senate Committee on Finances November 1, 2017 FY2018 Approved Operating Budget Executive Summary The approved FY2018 Operating Budget: Totals $518.8M, a 6.8%
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 information(REPORT IN WHOLE DOLLARS ONLY) Current Assets 01 Total Current Assets 11,652,737
Part A- Statement for Net Assets (REPORT IN WHOLE DOLLARS ONLY) Current Assets 01 Total Current Assets 11,652,737 Noncurrent Assets 02 Capital Assets-depreciable (gross) 64,323,021 03 Accumulated depreciation
More informationINDEX OF BUDGET DOCUMENTS
Board of Governors April 30, 2010 INDEX OF BUDGET DOCUMENTS Pages 2-4 Page 5 Pages 6-10 Page 11 Pages 12-13 Page 14 Page 15 Pages 16-17 Page 18 Page 19 Introduction to the 2010-11 Operating Budget 2010-11
More informationFiscal Years Financial Plan
Fiscal Years 2017-2022 Financial Plan 1 FY 2017 Operating Budget Highlights FY2017 Operating Budget Highlights FY2017 budget ended with a surplus of $1.6M, most of which will be used to fund the multi-year
More informationMorton Community College Budget Report For 4 Month Ending October 31, 2018
Morton Community College Report For 4 Month Ending Morton Community College 33% Report Summary Funds Actual % Remaining Education Fund Revenue $ 9,150,697 $ 24,287,476 37.7% $ 15,136,779 Expenditures (7,115,504)
More informationANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2011
Hutchinson and Willmar, MN ANNUAL FINANCIAL REPORT For the Fiscal Creating Opportunities, Changing Lives. ANNUAL FINANCIAL REPORT For the year ended June 30, 2011 TABLE OF CONTENTS Page College Administration
More informationA Absences... 5, 45, 46, 48, 49, 54, 55, 56 Academic Calendar ACADEMIC FACULTY ACADEMIC FREEDOM, Article Academic Rank for Provosts
A Absences... 5, 45, 46, 48, 49, 54, 55, 56 Academic Calendar... 83 ACADEMIC FACULTY... 13 ACADEMIC FREEDOM, Article 2... 3 Academic Rank for Provosts and Academic Deans. 19 ACCRETION, Article 8... 19
More informationFor Yale Faculty, Staff, and Students only
For Yale Faculty, Staff, and Students only Budget Book Fiscal Year 2017 Cover photo: Brandon Boyer YC 15 Analyst, Office of Financial Planning & Analysis, Yale University FY17 Operating and Capital Budget
More informationCamden County College Fiscal Year 2016 Final Operating Budget
Camden County College Fiscal Year 2016 Final Operating Budget Fiscal Year 2016 Operating Budget OVERVIEW The College budget proposal totals $66,596,461. This is $3,517,908 less than the revised budget
More informationReview of the FY 2018 Texas Tech University System Combined Annual Financial Report
Review of the FY 2018 Texas Tech University System Combined Annual Financial Report Gary Barnes, TTUS Vice Chancellor and CFO February 21, 2019 Page 1 Texas Tech University System Timeline for Combined
More informationMorton Community College Budget Report For 3 Month Ending September 30, 2018
Morton Community College Report For 3 Month Ending Morton Community College 25% Report Summary Funds Actual % Remaining Education Fund Revenue $ 8,229,757 $ 24,287,476 33.9% $ 16,057,719 Expenditures (5,851,014)
More informationTerms Related to Budgeting. Dr. Richard L. Brown
Terms Related to Budgeting Dr. Richard L. Brown TYPES OF BUDGETS Generally there are two types of budgets: OPERATING (MAINTENANCE) a plan, including unrestricted and restricted revenues and expenditures,
More informationFinancial Operating. & Capital Plan Reviews FY Budget Forum. February 14, FY 2014 Budget Forum - February
Financial Operating & Capital Plan Reviews FY 2014 Budget Forum February 14, 2013 FY 2014 Budget Forum - February 2013 0 University Budget Council (UBC) Bob Warren, Chair VP Administration & Finance Dennis
More informationWEST CHESTER UNIVERSITY OF PENNSYLVANIA OF THE STATE SYSTEM OF HIGHER EDUCATION FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
WEST CHESTER UNIVERSITY OF PENNSYLVANIA OF THE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED TABLE OF CONTENTS YEARS ENDED PAGE INDEPENDENT AUDITORS REPORT...1 MANAGEMENT S DISCUSSION
More informationJune 18, 2018 Lansing Community College Fiscal Year 2019 Proposed Budget Narrative. Introduction
June 18, 2018 Lansing Community College Fiscal Year 2019 Proposed Narrative Introduction The FY2019 process started in December 2017 when the Financial Services division invited all college employees to
More informationANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2015
Hutchinson and Willmar, MN ANNUAL FINANCIAL REPORT For the Fiscal Creating Opportunities, Changing Lives. ANNUAL FINANCIAL REPORT For the year ended June 30, 2015 TABLE OF CONTENTS Page College Administration
More informationc. The Purchasing Office is responsible for pre-auditing travel requests and vouchers to ensure compliance with University policy.
Travel Procedures This Policy Statement provides guidelines for reimbursement of travel, subsistence, and related expenses incurred while on official business. It incorporates travel policies as approved
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 informationStrategic Budgetary Plan
Strategic Budgetary Plan 2015-16 April 22, 2015 Table of Contents Executive Summary. Page 3 The New Budget Model...Page 4 Approved 2015-16 Operating Budget...Page 5 1. Enrolment.Page 5 2. Revenue...Page
More informationFY 2012 Revised Budget Document
University of Tennessee, Knoxville Trace: Tennessee Research and Creative Exchange Budget Documents Office of Budget and Finance 2012 Revised Budget Document University of Tennessee Follow this and additional
More informationOregon State University 4 th Quarter Operating Management Report
Oregon State University 4 th Quarter Operating Management Report Oregon State University s 4 th Quarter FY 2014 Operating Management Report presents the final fiscal year operating results for the three
More informationPROPOSED BUDGET San Jacinto Community College District Budget Hearing August 4, 2014
PROPOSED BUDGET 2014-2015 San Jacinto Community College District Budget Hearing August 4, 2014 1 Highlights of the Proposed 2014 2015 Budget State Revenue Major Revenue Assumptions No change in rate FY15,
More informationWestmoreland County Community College, PA
Westmoreland County Community College, PA State Public School Building Authority (Commonwealth of Pennsylvania) College Revenue Bonds (Westmoreland County Community College 1 Project), Series of 2016,
More informationEXHIBIT 13. Bloomsburg University Annual Financial Report (FINRPT)
EXHIBIT 13 Bloomsburg University Annual Financial Report (FINRPT) Note: Worksheet tabs colored blue are FYI only. Worksheet Name Description/Purpose 1 Wksheet Index Index of FINRPT Worksheets 2 Messages
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 OFFICE CODE 5707 COMPLETED BY: Steven L. Ballard INSTITUTION DATE COMPLETED: 09/17/2012 INCOME (and other additions) UNRESTRICTED RESTRICTED PLANT FUNDS
More informationNew York University Historical Financial Data Fiscal Years 2002 and Senate Financial Affairs Committee October 1, 2015
New York University Historical Financial Data Fiscal Years 2002 and 2014 Senate Financial Affairs Committee October 1, 2015 Table of Contents Overview 3 Operating Results 4 Balance Sheet Results 6 Student
More informationAGENDA. I. Certification of notice posted for the meeting. II. Multi-Year Financial Outlook and Plan FY
BOARD OF TRUSTEES PLANNING AND BUDGET COMMITTEE MEETING DALLAS COUNTY COMMUNITY COLLEGE DISTRICT AND RICHLAND COLLEGIATE HIGH SCHOOL District Office 1601 South Lamar Street Lower Level, Room 007 Dallas,
More informationMorton Community College Budget Report For 8 Months Ending February 28, 2017
Morton Community College Report Morton Community College Report Summary 67% Funds Actual % Education Fund Revenue $ 16,806,205 $ 21,404,460 78.5% $ 4,598,255 Expenditures (13,170,740) (21,602,087) 61.0%
More informationFISCAL 2018 BUDGET UPDATE
FISCAL 2018 BUDGET UPDATE BASED ON APPROVED BUDGET INSTITUTE BUDGET PLANNING AND ADMINISTRATION JULY 1, 2017 Outline 1. Capital Budget funding sources & current projects 2. Fiscal 2018 Operating Budget
More informationHostos Community College Budget Process
Hostos Community College Budget Process Note: The following is largely excerpted from the 2017 MSCHE Periodic Review Report The Budget Components and Financial Planning Process The primary source of annual
More informationFinancial Report to the Board of Trustees
Financial Report to the Board of Trustees January 26, 2011 FY10 Closeout and FY11 Six Month Update University of Connecticut Health Center FY10 Closeout University of Connecticut Health Center FY 2010
More informationBUDGETING FOR A FUNDS. Education and General Unrestricted Operating Funds
BUDGETING FOR A FUNDS Education and General Unrestricted Operating Funds What is a budget? Why have a budget? Planning Controlling spending Identifying funding sources Good budgeting does not set priorities
More informationGENERAL FUND. For the Three Months Ended September 30, 2018
GENERAL FUND For the Three Months Ended September 30, 2018 FY19 Annual Budget with results for the three months ended September 30, 2018 Approved Budget Actual $ Budget Variance % of Budget Tuition & General
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 informationWEST VIRGINIA UNIVERSITY. Combined Financial Statements for the Years Ended June 30, 2001 and 2000 and Independent Auditors Reports
WEST VIRGINIA UNIVERSITY Combined Financial Statements for the Years Ended June 30, 2001 and 2000 and Independent Auditors Reports WEST VIRGINIA UNIVERSITY TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT
More informationFiscal Year 2017 (FY17) Operating Budget Amendment October 20, 2016
Fiscal Year 2017 (FY17) Operating Budget Amendment October 20, 2016 The following provides an amendment to the FY17 budget approved by President Rush in June 2016. Subsequent to President Rush s approval
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 informationPART 3.1 DEPARTMENT OF ADVANCED EDUCATION AND SKILLS MEMORIAL UNIVERSITY OF NEWFOUNDLAND
PART 3.1 DEPARTMENT OF ADVANCED EDUCATION AND SKILLS MEMORIAL UNIVERSITY OF NEWFOUNDLAND Summary Introduction Memorial University of Newfoundland (the University) was founded in 1925 as Memorial University
More informationStudent Affairs Auxiliaries: Why are they important and how are they funded?
Student Affairs Auxiliaries: Why are they important and how are they funded? Division of Student Affairs P&S Staff Meeting University of Northern Iowa March 23, 2010 Maucker Union Old Central Ballroom
More informationCampus Biennial Budget Meeting Tenth in a Series
Campus Biennial Budget Meeting Tenth in a Series August 19, 2015 UWM Student Union, Wisconsin Room Today s Meeting Brief Updates o o o o From the Chancellor Budget Planning Task Force Governance Groups
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 informationDel Mar College Public Hearing 2019 Proposed Budget & Tax Rates
Del Mar College Public Hearing 2019 Proposed Budget & Tax Rates August 20, 2018 Raul Garcia,CPA, Vice President and Chief Financial Officer Dr. Cathy West, Director of Accounting and Budget Officer John
More information2018 Institutional Program Review. stockton.edu
2018 Institutional Program Review 2018 Institutional Program Review Broad, comprehensive overview Institutional perspective Collaborative planning process 2018 Institutional Program Review Mr. Michael
More informationUNIVERSITY OF NEBRASKA AT KEARNEY BUDGET OVERVIEW
UNIVERSITY OF NEBRASKA AT KEARNEY BUDGET OVERVIEW 2013-14 Barbara L. Johnson Vice Chancellor Business and Finance November 2013 University of Nebraska at Kearney FY 2013-2014 Priorities UNK Priorities
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 informationLuther College Finance & Budget Presentation for Departments
Luther College Finance & Budget Presentation for Departments Financial Statements Audited annually Many rely on the information Board of Regents Cabinet and Audit Committee Bond trustees Department of
More informationPresentation to the Board of Governors May 30, By Matt Milovick, VP Administration & Finance
Presentation to the Board of Governors May 30, 2014 By Matt Milovick, VP Administration & Finance Context for the FY2014/15 Budget Context for the FY2014/15 Budget Demographics AVED Funding Class Sizes
More informationINDEX OF BUDGET DOCUMENTS
Board of Governors Open Session, April 24, 2009 INDEX OF BUDGET DOCUMENTS Page 2-3 President s Introduction to the 2009-10 Operating Budget Page 4 2009-10 Operating Budget Pages 5-9 2009-10 Budget Variances
More informationBudgeting at the University of Virginia
There are four primary approaches to budgeting at UVa. I. Targeted budgeting II. Sales and services budgeting III. High-level summary budgeting IV. Sponsored program budgeting In addition, the University
More informationThompson Rivers University
Thompson Rivers University Operating Budget 2011 2012 Senate Presentation April 2011 Budget Committee of Senate BCOS Regular monthly meetings Regular capital construction updates Presentations from School
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 informationUIC HR Policy : Temporary Academic Professional Appointments Appendix Fund Type Descriptions
Fund Type Fund Type Title Description/Source of Funds / State Funds 1A State - General Revenue Fund and Income Fund 1B 1F 1G 1P 1Q 1X PY State - General Revenue Fund and Income Fund State - State College
More informationRoger Williams University. Business Plan for Expansion or Initiation of an Academic or Support Program
Program title: Please check one: [ ] Academic program [ ] Support program Please check one: [ ] Expansion of an existing program [ ] Initiation of a new program Department: Prepared by: Program proposer
More informationMARQUETTE UNIVERSITY FINANCIAL PERFORMANCE All Dollar Amounts in Thousands
Dashboard for January 2017 MARQUETTE UNIVERSITY FINANCIAL PERFORMANCE All Dollar Amounts in Thousands The purpose of the Marquette Financial Performance dashboard is to give the reader a clear depiction
More informationTHE CITY UNIVERSITY OF NEW YORK. Basic Financial Statements and Supplementary Schedules and Management s Discussion and Analysis
Basic Financial Statements and Supplementary Schedules and Management s Discussion and Analysis (With Independent Auditors Report Thereon) Table of Contents Management s Discussion and Analysis 1 Independent
More informationOperating Budget FY 2009 Budget (in $M)
Operating Budget REVENUES Tuition and Fees 671.8 Financial Aid (230.4) Grants and Contracts - (Direct and Indirect) 387.4 Endowment Distribution 272.5 Other Investment Income 48.1 Gifts and Restricted
More informationLouisiana State University System
Louisiana State University System 2011-2012 First Quarter Operating Budget Report Table of Contents LSU and A & M College 1 Paul M. Hebert Law Center 12 Pennington Biomedical Research Center 23 LSU Agricultural
More informationThompson Rivers University
Thompson Rivers University Operating Budget 2010 2011 Senate Presentation April 2010 Budget Committee of Senate BCOS Regular monthly meetings Regular capital construction updates Presentations from Faculty
More informationF I N A N C I A L R E P O R T
3 M A N A G E M E N T S D I S C U S S I O N A N D A N A L Y S I S Beginning in fiscal year 2002 the university will implement the new financial reporting requirements contained in Statement Numbers 34
More informationEffectiveness and Efficiency Accountability Report of the University of Missouri System. Fiscal Year 2011
Effectiveness and Efficiency Accountability Report of the University of Missouri System Fiscal Year 2011 January 25, 2012 Efficiencies and Effectiveness Report Fiscal Year 2011 UM Since 1998, the University
More informationFollowing the Money Trail From Austin to College Station
Following the Money Trail From Austin to College Station Understanding Higher Education Finance and the Role of the Texas Legislature Deborah Wright Assistant Vice President, Budget and Planning Contents
More informationBudget Submission Calendar
How to Submit the 2006-07 Budget University of Virginia Submissions, with prior vice presidential approval, must be received by the close of business on the dates listed. Each vice president, dean 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 12105 COMPLETED BY: INSTITUTION DATE COMPLETED: FISCAL YEAR ended June 30, 2012 TELEPHONE NO. INCOME (and other additions) UNRESTRICTED RESTRICTED
More informationCALIFORNIA STATE UNIVERSITY, POMONA. Financial Statements. June 30, (With Independent Auditors Report Thereon)
Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis (Unaudited) 3 Financial Statements: Statement of
More informationCleveland State University (a component unit of the State of Ohio) Financial Report with Supplemental Information June 30, 2018
Cleveland State University (a component unit of the State of Ohio) Financial Report with Supplemental Information June 30, 2018 Contents Independent Auditor s Report 1-3 Management s Discussion and Analysis
More informationFY2016 FY2018 Projection Estimate
FY2016 FY2018 Projection Estimate November 16, 2016 11.16.16 11.16.16 Estimate Projection FY2016 Actual Fund I & IX FY2017 FY2018 10.8% CR decrease 4% CR decrease 0% CR decrease REVENUE $350K increase
More informationBudget Actual Actual Actual. Actuals Margin FY 15/16 FY 14/15 FY 15/16 FY 14/15 FY 15/16 FY 14/15 Variance FY 15/16 FY 14/15 Revenues
Operating Budget Variance Report For the 9 Month Period Ending March 31, 2016 75.00% Budget Actual Actual Actual % of Actual to Budget % of Actual to YE Actual Actuals Margin FY 15/16 FY 14/15 FY 15/16
More informationBLOOMSBURG UNIVERSITY OF PENNSYLVANIA OF THE STATE SYSTEM OF HIGHER EDUCATION FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS BALANCE SHEETS PRIMARY INSTITUTION 3 STATEMENTS OF REVENUES,
More informationThe UNIVERSITY of MISSOURI SYSTEM. Fiscal Year Operating Budget
The UNIVERSITY of MISSOURI SYSTEM Fiscal Year 2013 Operating Budget UNIVERSITY OF MISSOURI SYSTEM OPERATING BUDGET FISCAL YEAR 2013 Office of Planning and Budget 118 University Hall Columbia, Missouri
More informationCleveland State University (a component unit of the State of Ohio) Financial Report Including Supplemental Information June 30, 2015
Cleveland State University (a component unit of the State of Ohio) Financial Report Including Supplemental Information June 30, 2015 Contents Report of Independent Auditors 1-3 Management s Discussion
More informationBoard of Governors Meeting Agenda
Pennsylvania State System of Higher Education Board of Governors Meeting Agenda November 3, 2009 (via conference call) Administration Building Dixon University Center 2986 North Second Street Harrisburg,
More informationFund Type Descriptions
Descriptions Fund Fund Title Current Unrestricted - State Funds 1A 1B 1F 1G 1H 1J 1P 1Q State Appropriations General Revenue Fund and Income Fund PY State Appropriations General Revenue Fund and Income
More informationBudgeting and Planning Process as of FY17
Budgeting and Planning Process as of FY17 Summary The budget is an important annual planning document for the university and reflects choices, priorities and tactics set forth as the result of intensive
More informationFINANCIAL STATEMENTS JUNE 30, 2014
P E N N S Y L V A N I A S S T A T E S Y S T E M O F H I G H E R E D U C A T I O N FINANCIAL STATEMENTS JUNE 30, 2014 Financial Statements June 30, 2014 Table of Contents Page Independent Auditors Report...
More informationTown Hall Meetings. Budget Update and Planning. May 6, 2009
Town Hall Meetings Budget Update and Planning May 6, 2009 Agenda FY 09 Status Budget Development Events FY 10-13 Strategy FY 10-13 Projection Reports by Area Academic Affairs Student Life & Development
More informationSHEPHERD UNIVERSITY BUDGET PACKAGE FOR ANNUAL OPERATING AND CAPITAL BUDGET FISCAL YEAR 2011
ATTACHMENT BB: SHEPHERD UNIVERSITY BUDGET PACKAGE FOR ANNUAL OPERATING AND CAPITAL BUDGET FISCAL YEAR 2011 BACKGROUND Contents The budget package for this year includes the following: 1. Detailed instructions
More informationCarry Forward of Year End Funds
University of California, Merced Carry Forward of Year End Funds Responsible Official: Veronica Mendez, Vice Chancellor Finance and Admin Romi Kaur, Executive Director, Financial Planning & Analysis Responsible
More informationFY 15/16 FY 14/15 FY 15/16 FY 14/15 FY 15/16 FY
Balance Sheet January 31, 2016 Net Pension Unrestricted Restricted Auxiliaries Endowment Plant Agency Liability Total Assets and Deferred Outflows Cash and Cash Receivables $ 12,001,104 $ 276,166 $ 1,062,587
More informationNOTICE OF REGULAR MEETING ALPENA COMMUNITY COLLEGE BOARD OF TRUSTEES 665 JOHNSON STREET, ALPENA, MICHIGAN. DATE OF NOTICE: October 11, 2013
NOTICE OF REGULAR MEETING ALPENA COMMUNITY COLLEGE BOARD OF TRUSTEES 665 JOHNSON STREET, ALPENA, MICHIGAN DATE OF NOTICE: October 11, 2013 The Alpena Community College Board of Trustees will convene at
More informationVENTURA COUNTY COMMUNITY COLLEGE DISTRICT DISTRICTWIDE RESOURCE BUDGET ALLOCATION MODEL GENERAL FUND UNRESTRICTED BUDGET. Fiscal Year
VENTURA COUNTY COMMUNITY COLLEGE DISTRICT DISTRICTWIDE RESOURCE BUDGET ALLOCATION MODEL GENERAL FUND UNRESTRICTED BUDGET Fiscal Year 2011-12 Background Effective in fiscal year 2003-04, the District set
More informationCleveland State University (a component unit of the State of Ohio) Financial Report Including Supplemental Information June 30, 2017
Cleveland State University (a component unit of the State of Ohio) Financial Report Including Supplemental Information June 30, 2017 Contents Report of Independent Auditors 1-3 Management s Discussion
More information2013/14 University Budget Presentation. Josee Larochelle Associate Vice President for Finance
2013/14 University Budget Presentation Josee Larochelle Associate Vice President for Finance 1 Agenda Prop 30 Impacts FTES Target and Projection Base Operating Fund Budget Sources & Uses of Funds Budget
More informationShow Us the Money! An APSCUF-KU response to the discussions of Kutztown University s Budget Crisis
Show Us the Money! An APSCUF-KU response to the discussions of Kutztown University s Budget Crisis Fundamental Question #1 How can it be that, while Kutztown U. is in a financial crisis requiring cutting
More information