URC Budget Requests FY 2020 March 25, 2019 URC Budget Request - - PowerPoint PPT Presentation

URC Budget Requests FY 2020

March 25, 2019

URC Budget Request Analysis 1

Agenda

 Pre

resi sident Ma Matso son’s s FY 202 020 Bu Budget Prioritie ities

 Leg

egislat ative Upd e Update

 Enrollm

llment U Upda date

 Foreca

casted A ed Availa lable I Incremental R l Revenue e

 Divisio

ion S Strategic gic Prioritie ities

 Disc

scussi ssion

URC Budget Request Analysis 2

Budget Priorities for FY 2020

URC Budget Request Analysis 3

FY 2020 Budget Priorities

 ADHERENCE T

TO IDENTIF IFIE IED P PRIO IORIT ITIE IES – All new funding requests should be aligned and focused within the Strategic Plan Build.Impact.Transform.



STRATEGI GIC E ENROL OLLMENT M MANAGE GEMENT–The comprehensive plan should thoughtfully contemplate a strategic mix of new degree programs and targeted growth within existing academic programs to optimize the weighted semester credit hour formula funding model.

 EAR

EARLY I INT NTERVENTIONS F FOR OR AC ACAD ADEMIC S SUCCESS – A greater emphasis must be placed on earlier interventions in the academic career of a student to enhance readiness for college success, particularly as our admissions standards

• increase. The Division of Enrollment Management should lead efforts to develop

pre-college programs in close collaboration with Academic Affairs and Student

• Affairs. Fiscal priorities to jump-start initiatives through one-time funds or

corporate foundation support should be given consideration.

URC Budget Request Analysis 4

FY 2020 Budget Priorities

 OPERA

RATI TION ONS AND A D AUXILIARY RY G GROW OWTH TH – The budget should anticipate incremental growth in supporting areas that will be impacted by enrollment

• growth. Base

se fu fundin ding p prio iorit ity sha shall b be provid ided t to Ma Marketin ing a and d Communi nicat ations ns, I Inf nformat ation T n Techno nology and and Uni niversity Po

• Police. Other units

identified as providing crucial support to a growing student body, faculty and staff may be considered in a secondary priority. One-time support that allows the establishment or scaling of appropriate auxiliary operations to support campus growth should also be given consideration. The use of technology and process improvement to generate efficiencies should be emphasized in every division.

 SUSTAIN

INABIL ILIT ITY—As our University grows and matures, there is a need for a greater appreciation and sensitivity for sustainable practices that address our environmental, social, and economic impact. Budget initiatives that recognize and promote this will be given priority consideration.

URC Budget Request Analysis 5

Legislative Update

URC Budget Request Analysis 6

Legislative Update

 House Bill 1 – Latest version made available March 15, 2019

 Funding increased from original LBB recommended House Bill by

$1,405,658 for the 2020-2021 biennium ($702,829 per year).

 Senate Bill I – Updated version expected soon.

 Still includes loss of 10% of Downward Expansion and Transitional

Funding (approximately $1.4 million for the biennium).

 The updated bills have to be reconciled in joint conference committee submitted

to and approved by the Governor.

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Enrollment Update

URC Budget Request Analysis 8

FY2020 Incremental Revenue Forecast

URC Budget Request Analysis 9

Revenue Forecast (7,083 Hct)

URC Budget Request Analysis

10

Revenues FY 2019 Forecast FY 2020 Forecast (SB1) Increase/ (Decrease) (SB1) FY 2019 Forecast FY 2020 Forecast (HB1) Increase / (Decrease) (HB1)

State Appropriations 32,619,859 34,098,647 1,478,788 32,619,859 35,571,755 2,951,896 Total Net Tuition & USF 32,690,179 35,552,719 2,862,540 32,690,179 35,552,719 2,862,540 Other Revenues 1,748,645 1,832,046 83,401 1,748,645 1,832,046 83,401 Total R Reven enues es $67,0 ,058,6 ,683 $71,4 ,483,4 ,412 $4,424 24,729 29 $67,0 ,058,6 ,683 $72,956 56,52 520 $5,897, 7,837

6.7% Headcount Growth over FY 2019

Revenue Forecast (6,804 Hct)

URC Budget Request Analysis 11

Revenues FY 2019 Forecast FY 2020 Forecast (SB1) Increase/ (Decrease) (SB1) FY 2019 Forecast FY 2020 Forecast (HB1) Increase / (Decrease) (HB1)

State Appropriations 32,619,859 34,098,647 1,478,788 32,619,859 35,571,755 2,951,896 Total Net Tuition & USF 32,690,179 34,152,294 1,462,115 32,690,179 34,152,294 1,462,115 Other Revenues 1,748,645 1,832,046 83,401 1,748,645 1,832,046 83,401 Total R Reven enues es $67,0 ,058,6 ,683 $70,0 ,082,9 ,988 $3, 3,024 024,304 $67,0 ,058,6 ,683 $71,5 ,556,0 ,095 $4, 4,49 497,412

2% Headcount Growth over FY 2019

Revenue Forecast

 Poten

ential i l increm emental a l availa lable r le revenue r ranges between en $ $1.0 a and d $3. 3.0 m milli llion a availa lable. le.

 Shoul

• uld h

hav ave a e a bet etter es estimate of

• f i

incr cremen ental r rev even enue ue by y mid mid A April il 20 2019.

 Expec

pect to

• hav

ave e final i incr cremental r rev even enue ue b by 2 20th

th class

ss day o y of Fa f Fall 20 2019. 9.

URC Budget Request Analysis 12

Merit Increase

 FY 2019 – One-Time Merit Payment.

1.5% Merit Pool.

 FY 2020 – Potential 1.5% base merit pool.

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FY2020 Divisional Budget Requests

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Current Summary of Requests by Division

URC Budget Request Analysis 16

Division Recurring Requests One Time Requests

Academic Affairs $1,544,438 $879,963 Business Affairs $1,629,553 $1,649,792 Enrollment Management $408,450 $3,100 Student Affairs $720,984 $129,100 University Advancement $567,693 Total New Requests $4,871,118 $2,661,955

Discussion

URC Budget Request Analysis 17