University of Alaska Board of Regents FY20 Plan & Budget - - PowerPoint PPT Presentation
University of Alaska Board of Regents FY20 Plan & Budget Preview September 14, 2018 Overview UA Mission Needs of the State Historical Context Strategic Pathways Recent Initiatives UA 2025 Plan & FY19 Budget
September 14, 2018
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(in millions of $)
$378 $375 $351 $325 $317 $327 $3 $27 $53 $61 $51 FY14 FY15 FY16 FY17 FY18 FY19 Unrestricted General Funds (UGF) Cummulative Impact = $195M 8
Unrestricted Funds 73.4% Match Funds 0.8% Designated Funds 0.6% Restricted Funds 20.3% Auxiliary Funds 5.0%
Revenue by Fund Type
Commodities 6.9% Contractual Services 20.7% Equipment 1.1% Land/Buildings 3.1% Miscellaneous* 6.0% Salaries & Benefits 56.8% Student Aid 3.5% Travel 1.9%
Expenditure by Category
*The miscellaneous category is used for expenditures that are not specifically covered by other line items including debt service, matching grant funding, other transfers, facilities and administrative costs, etc.
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10 45.8% 47.2% 47.6% 45.0% 43.0% 42.0% 16.1% 15.6% 16.2% 17.2% 17.8% 17.9% 16.1% 15.7% 15.6% 16.2% 16.6% 15.7% 12.1% 11.1% 12.3% 12.1% 13.3% 13.1% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FY13 FY14 FY15 FY16 FY17 FY18
Unrestricted General Funds (UGF) (2) Other Restricted Federal Receipts Tuition & Fees Other Unrestricted (1) Indirect Cost Recovery
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Unrestricted General Funds (in millions of $)
$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 in millions of $ State Appropriation UA Bonding/Reallocation UA Minimum Request
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OUR MISSION “The University of Alaska inspires learning, and advances and disseminates knowledge through teaching, research, and public service, emphasizing the North and its diverse peoples." (Regents' Policy 01.01.01) OBJECTIVE Maximize value to Alaska through excellent, accessible, and cost effective higher education funded by diverse and growing revenue sources CORE PRINCIPLES Focus, Access, Diversity, Excellence, Consistency, Fiscal Sustainability STRATEGY Prepare, Restructure, Implement, Refine WHO WE ARE UA ANCHORAGE Comprehensive metropolitan university in Alaska’s economic hub, with primary focus on workforce development through its several regional community campuses UA FAIRBANKS Research university renowned for leadership in Arctic and the North, with additional focus on workforce development and community and rural education UA SOUTHEAST Comprehensive regional university focused on interdisciplinary & marine-oriented programs, teacher education, e-Learning, and workforce development CAMPUS LEAD FOR THE STATE* Research Social and economic sciences, health policy Arctic science and policy, physical, biological, and social sciences, engineering and applied energy Interdisciplinary / environmental Teaching
programs with UAF)
mine training. Outreach
COURSES / PROGRAMS AVAILABLE ACROSS THE UNIVERSITY SYSTEM
* Research, teaching, and outreach at campuses other than the “lead” campus that are of high quality, cost effective, and core to mission, will continue to be provided.
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(in millions of $)
* Includes Statewide’s annual investments: Research $1.8M and Process Improvements $1.1M
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2018 2018 2019 2019 2020 2020
Research
faculty
faculty TBD Proc
mprovement
OnBase
(Higher Education Data Architecture)
TBD Mar arketi ting/Advertis isin ing/ Recruit itment
Coordinators
Development
Director
marketing
initiative
default rate
Development
retention analyst
marketing TBD Wor
kforce Develo lopment
students
Chain
program
recruit/retention
auditor
program/add new
courses online TBD
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2017 Baseline 2018 Observed 2019 Proposed
to Proposed 2020 Target 2025 Goal
Increase STEM graduates 1,628 1,691 1,776 +85 (5%) 1,875 2,460 Increase # invention disclosures 17 34 23 25 34
Increase % of educators hired 30% 33% 37% +4% (10%) 43% 90% Double number of health program completions 874 939 986 +47 (5%) 1,086 1,760
Lead the world in Arctic related research 1 1 1 1 1 Increase research expenditures $159m $149.9m $157.4m +$7.5m (5%) $168.3m $235m
Fiscal Year Student Full Time Equivalent (FTE) 18,492 17,555 18,433 +878 (5%) 19,825 28,526 Increase completions 4,594 4,554 4,781 +227 (5%) 5,442 10,400
Decrease total cost of education (indirect and direct) per completer $107.3 $108.4 $103.0
$93.9 $59.0 Increase annual completions per Full Time Equivalent (FTE) 23/100 23/100 24/100 +1 (5%) 26/100 35/100 Note: Information is reviewed annually as part of the President’s performance compensation (quantitative performance goals)
(Tentative, subject to BOR approval)
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Goa
GF GF Poo
Tot
FY19 FY19 Goa
Alaska’s economic development .7 .1 .8 +85 STEM grads; +4 invention disclosures
investments and generating licensing revenue (UAA)
Alaska’s skilled workforce 1.8 1.1 2.9 +47 health program completers; +10% educators hired
world class research .9 1.5 2.4 +$7.5 M research expenditures
degree attainment 1.6 1.1 2.7 +878 Student FTE; +227 completions
Tot
$5 $5.0 $4 $4.0 $9 $9.0
investment priorities in FY19.
(in millions of $)
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Economy Education He Healt lth En Environment
economy
natural resources
an important role
investing in Alaska
and matured in Alaska
systems
from P-20
practices
support for education
profession and in the economy
with UA
population
and conservation
development
hand with western knowledge
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system)
environment
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Stu Students Res esearch IT IT Programs Facu aculty & St Staff
accessibility to meet their needs (expectations of quality)
(115,000) contributing is -
credit for prior learning
greater freedom to create flexible solutions for students
being met
succeed - lack confidence in their capabilities
feedback - mechanism to gauge that
themes
low
retention of good faculty?
attract necessary talent for future
research capacity
process improvement
building)
world
key fields
collaboration
feel supported
passion
Development (e.g. education)
process improvement
building)
world
key fields
collaboration
feel supported
passion
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Structure Partnerships Facilities Philanthropy Reputation
compensation
maintenance
to decision-makers
procedures to simplify bureaucracy
applied research/industry connection
(university needs to embrace it as an economic driver)
“partnerships”; being the resource
facilities & goals
utilization yet to come
transformation
student housing
needed
to peers
(it is everyone’s job); ambassadors
“worth it?”
education
education
success stories/ programs
community
internal & external
themes?” Mission? Does everyone understand them?
education
spirit - students need to be telling stories, connect to a university after graduation
do not think UA is a good investment
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We will ill gr grow UA in in its its ser servic ice an and d lea leaders rship for r Ala laska by: y:
Tak aking car are of
the bas basics
Growi wing ou
r own wn
Le Leveragi ging par partnership ips
health care, resource development, gas line, maritime, military)
Build Buildin ing g on
r com
itiv ive adv advantages
(e.g., Arctic studies, project management/logistics, Indigenous studies, Homeland Security, OneHealth) Le Leadin ing inno nnovatio ion and and creativ ivit ity
Taki aking the the lon
g view
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Su Submis issio ion Recommendation
Compensatio ion* TBD BD
Operating Co Cost t Inc Increases
$1.8 $1.8
$11.1 $11.1
$1.2 $1.2
$.6 $.4 Su Subtotal Op Operating Cos Cost t Incr Increases $14. $14.7 $14. $14.5
Strategic In Investm tments by y Goa Goal
$.9 $.6
$4.6 $3.1
$1.7 $1.1
$7.0 $5.2
$1.1 Su Subtotal Str Strategic In Investments $15. $15.3 $10. $10.0 FY20 Operating Budget Change $30.0 $24.5
* Will be refined based on compensation review recommendations
(UGF in millions of $)
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The issue
have been increasing employee pay.
Guiding principles
and student employees committed to excellence on behalf of the university’s mission.
Our plan
next few years.
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Market t com
tiveness rel elative to
edia ian +/- 5% of market median Highly Competitive +/- 10% of market median Competitive +/- 15% of market median Possible Misalignment </> 15% of market median Misalignment
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2017 Baseline 2018 Observed 2019 Proposed 2020 Target
to Target 2025 Goal
Increase STEM graduates 1,628 1,691 1,776 1,875 +99 (6%) 2,460 Increase # invention disclosures 17 34 23 25 +2 (9%) 34
Increase % of educators hired 30% 33% 37% 43% +6% (16%) 90% Double number of health program completions 874 939 986 1,086 +100 (10%) 1,760
Lead the world in Arctic related research 1 1 1 1 1 Increase research expenditures $159m $149.9m $157.4m $168.3m +$10.9m (7%) $235m
Fiscal Year Student Full Time Equivalent (FTE) 18,492 17,555 18,433 19,825 +1,392 (8%) 28,526 Increase completions 4,594 4,554 4,781 5,442 +661 (14%) 10,400
Decrease total cost of education (indirect and direct) per completer $107.3 $108.4 $103.0 $93.9
$59.0 Increase annual completions per Full Time Equivalent (FTE) 23/100 23/100 24/100 26/100 +1.6 (6%) 35/100 Note: Information is reviewed annually as part of the President’s performance compensation (quantitative performance goals)
(Tentative, subject to BOR approval)
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Unrestricted General Funds (in millions of $)
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September-October
November
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