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Town Hall Meetings Budget Update and Planning January 11, 2010

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Town Hall Meetings Budget Update and Planning January 11, 2010 Agenda President s Remarks FY 10 Status FY 10 Reductions FY 11 Events FY 11 Principles FY 11 ... – PowerPoint PPT presentation

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Title: Town Hall Meetings Budget Update and Planning January 11, 2010


1
Town Hall Meetings Budget Update and
Planning January 11, 2010
2
Agenda
  • Presidents Remarks
  • FY 10 Status
  • FY 10 Reductions
  • FY 11 Events
  • FY 11 Principles
  • FY 11 Assumptions
  • Enrollment Projection
  • FY 11 Revenue and Expense Projections
  • FY 11 Process/Strategies
  • FY 12 and FY 13 Outlook
  • Questions

3
FY 06 Budget Expenditures
Presidents Remarks
  • Budget Decision Principles
  • Maintain Integrity of Mission
  • Four Distinctive Characteristics
  • Accessibility that leads to success
  • Character that reflects our region
  • Education that drives knowledge to action
  • A portfolio of distinctive programs
  • http//www.stcloudstate.edu/adminaffairs/budget/do
    cuments/GeneralUniversityBudgetdecisonprinciples2.
    pdf

4
FY 06 Budget Expenditures
FY 10 Status
FY 2010 Budgets December 2009
Revenue 143,281,872
Carryforward 1,900,000
Enrollment Increase 150 FTE (14,700) 834,975
MnSCU Interest Income Reduction (350,000)
Total Revenue 145,666,847
Expenditures (145,281,872)
Additional Expenses (1,000,000)
Total Expenses (146,281,872)
Balance (615,025)
Reserves 7,000,000
5
FY 10 Reductions
  • Summer School Revenue 300,000
  • Continued Studies Revenue 150,000
  • Unclassified Salary Savings 100,000
  • Utilities 75,000
  • Total 625,000

6
FY 11 Events
  • Budget Advisory Group
  • Supply and Equipment Planning
  • Budgets Forms Issued
  • Planning within Vice Presidential Units
  • Continuing Consultation
  • Allocation from the Office of the Chancellor

7
FY 11 Events
  • Budget Advisory Group
  • Town Hall March, 2010
  • Report to Office of the Chancellor and House
    Committee March, 2010
  • Budgets Entered June, 2010
  • Start of FY 11 on July 1, 2010

8
FY 11 Budget Planning
  • Budget Advisory Group

Possibilities for FY 2011 Possibilities for FY 2011 Possibilities for FY 2011 SCSU Impact
Budget imbalance FY 2010 Budget imbalance FY 2010 Budget imbalance FY 2010 (615,025)
Carryforward funds used to balance FY 2010 budget Carryforward funds used to balance FY 2010 budget Carryforward funds used to balance FY 2010 budget Carryforward funds used to balance FY 2010 budget (1,900,000)
If the MnSCU appropriation is reduced 50 million If the MnSCU appropriation is reduced 50 million If the MnSCU appropriation is reduced 50 million If the MnSCU appropriation is reduced 50 million (5,189,634)
If the MnSCU appropriation is reduced 75 million If the MnSCU appropriation is reduced 75 million If the MnSCU appropriation is reduced 75 million If the MnSCU appropriation is reduced 75 million (7,784,451)
Insurance increases at 6.7 effective Jan. 2011 Insurance increases at 6.7 effective Jan. 2011 Insurance increases at 6.7 effective Jan. 2011 Insurance increases at 6.7 effective Jan. 2011 (875,000)
Employees receive steps per contract Employees receive steps per contract Employees receive steps per contract Employees receive steps per contract (1,100,000)
If utilities increase by 3 If utilities increase by 3 (195,000)
Debt service increases by projected amount (1,229,358-1,037,928) Debt service increases by projected amount (1,229,358-1,037,928) Debt service increases by projected amount (1,229,358-1,037,928) Debt service increases by projected amount (1,229,358-1,037,928) Debt service increases by projected amount (1,229,358-1,037,928) (192,000)
If ARRA funds are rescinded If ARRA funds are rescinded If ARRA funds are rescinded (4,347,470)
(Tuition amount is 1,573,592, Operations amount is 2,773,878) (Tuition amount is 1,573,592, Operations amount is 2,773,878) (Tuition amount is 1,573,592, Operations amount is 2,773,878) (Tuition amount is 1,573,592, Operations amount is 2,773,878)
Tuition increase of 5 based on enrollment of 14,725 FYE less ARRA funds Tuition increase of 5 based on enrollment of 14,725 FYE less ARRA funds Tuition increase of 5 based on enrollment of 14,725 FYE less ARRA funds Tuition increase of 5 based on enrollment of 14,725 FYE less ARRA funds Tuition increase of 5 based on enrollment of 14,725 FYE less ARRA funds 3,925,000
(Includes enrollment adjustment and tuition increase) (Includes enrollment adjustment and tuition increase) (Includes enrollment adjustment and tuition increase) (Includes enrollment adjustment and tuition increase)
If the Awards of Excellence funds are offset against reduction If the Awards of Excellence funds are offset against reduction If the Awards of Excellence funds are offset against reduction If the Awards of Excellence funds are offset against reduction 341,220
9
Enrollment Projection
10
FY 06 Budget Expenditures
FY 11 Revenue and Expense Projections
Low Scenario High Scenario
Revenue FY 2010 Revenue FY 2010 146,116,847 146,116,847
Tuition - 3,925,000
Awards of Excellence Awards of Excellence - 314,220
Total 146,116,847 150,356,067

Expenditures Expenditures (145,281,872) (145,281,872)
FY 2010 Budget Imbalance FY 2010 Budget Imbalance FY 2010 Budget Imbalance (615,025) (615,025)
Prior Year Carryforward Prior Year Carryforward (1,900,000) (1,900,000)
Appropriation Reduction Appropriation Reduction (7,784,851) (5,189,634)
Insurance Increases Insurance Increases (650,000) (650,000)
Employee Step Increases Employee Step Increases Employee Step Increases (1,100,000) (1,100,000)
Utilities Increase Utilities Increase (195,000) (195,000)
Debt Service Debt Service (192,000) (192,000)
Subtotal (158,718,748) (156,123,531)
Gap (12,601,901) (4,767,464)
ARRA funds rescinded ARRA funds rescinded (4,347,470) -
Revised Gap Revised Gap (15,949,371) (4,767,464)
11
FY 11 Process/Strategies
  • Planning Guide of 10 Reduction in Expense by
    Vice-Presidential Units
  • Organizational Economies
  • Operation of Centers
  • Program Offerings
  • Consider Program/Market Rate Tuition
  • Tuition Waivers/Stipends

12
FY 11 Process/Strategies
  • Direct and Indirect Cost Allocation
  • Leave Without Pay
  • Work Force Analysis
  • Printing and Major Supply Items
  • Consider Key Strategic Investments

13
FY 12 FY 13 Outlook
FY 2012 and 2013 Biennial Budget Planning as of December, 2009 FY 2012 and 2013 Biennial Budget Planning as of December, 2009
Projected 5.4 Billion State Deficit
MnSCU Share is 3.9 of State
SCSU share is 10.42 share of MnSCU
Potential FY 2012 and 2013 Biennium Budget Reduction (21,944,520)
14
FY 12 FY 13 Outlook
Possible Base Changes from FY 11 FY 12 FY 13
If SCSU share of MnSCU appropriation is distributed (10,972,260)
If Salaries are adjusted at 2 (based on FY 11 Salaries) (1,920,000) (1,960,000)
If Fringe Benefits increase based on salary adjustment (600,000) (625,000)
If Health Insurance increases16.5 Jan. 2011, 8 Jan. 2012 (1,500,000) (2,300,000)
Debt Service MnSCU calculated (244,174) (401,869)
ARRA funds discontinued (4,347,470)
Tuition increase of 8 based on enrollment of 14,750 4,300,000
Tuition Increase of 5 based on enrollment of 14,780   4,800,000 
Budget Gap (15,283,904) (486,869)
15
Budget WEB site URL
  • www.stcloudstate.edu/budget
  • Questions
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