fiscal advisory committee 2005-2006 highlights. committee charge the purpose of this committee shall...

Fiscal Advisory Committee

2005-2006 Highlights

Committee Charge

The purpose of this committee shall be to review the University's fiscal resources and to make recommendations regarding the utilization of these fiscal resources to the President's Administrative Council.

Committee Charge

The committee shall focus its efforts on the following activities: 

• becoming knowledgeable about the internal and external mandates that affect the allocation of the University's fiscal resources; • examining the University's plans and priorities in making recommendation regarding current and on going initiatives; • reviewing and commenting on the University's operational budget; • advising or recommending the disbursement of supplemental and discretionary funds as they become available; 

Committee Charge

The committee shall focus its efforts on the following activities: 

•providing input in the development of reports for the University of Maryland System and for the Maryland Higher Education Commission on the University's fiscal allocation plans and actions; and • reviewing the University's annual expenditures and providing an annual report to the Salisbury University Forum that summarizes fiscal activity for the year in meeting the University's mandates and priorities. 

Committee Charge

The committee shall consist of

•the Vice President of Business and Finance (ex-officio and non-voting) (Mitchell);

•five faculty serving three-year terms (Diriker, Dunn, Horne, Laird, Long)

•three staff serving three-year terms (Gray, Rayne, Emery);

•and two students serving one-year terms (Kevin Dallaire, Sara Pagano)

Special Thanks to:

Greig Mitchell Alan Selser Betty Crockett

2004 and onward

Continued use of SU Campus Governance webpage which

http://www.salisbury.edu/campusgov/

Provides links to detailed information on the committee’s activities

http://www.salisbury.edu/campusgov/fiscaladvisory/

Summer 2005

Developed Budget Communication Outline Serves as a guide to committee

operations based on proposed dates Provides the committee with a

structure based on dates and budget related activities

Available from the committee’s main page:

September and October, 2005

Financial projections for the year available at:

http://www.salisbury.edu/budget/budgetpres.htm

Clarified role of committee within existing university governance structure

Followed news and updates on tuition and fees

Developed an annual process for supplemental funding whether or not funding is available

Supplemental Funding Process

Send out request for list of priorities to vice presidents during fall Memo available from committee webpage

Deadline for priority lists from vice presidents January 31

Determination of possible funding by April Recommendations to President’s

Administrative Council by May 1 Allocations determined during May by

administration (pending)

November, 2005

Kevin Mann presented information related to physical plant projects

To view current listing of projects, take the link from the committee page or: http://www.salisbury.edu/physplant/projects.asp

Discussed Teacher Education and Technology Center (TETC) needs

Investigated fees for part-time students

January, 2006

Working with possible impact of governor’s budget on SU and USM

Administration & finance shared the SU FY 2007 request Mandatory costs Possible, negotiable program initiatives

Additional staff &faculty Conversions Operating expenses Many others

January, 2006

Working with possible impact of governor’s budget on SU and USM

Considered two scenarios: (1) tuition increase of 4.5% (2) no tuition increase

Received memorandum and instructions to be used to justify increasing operating budgets across campus

Committee will provide input after receipt of priorities from VP’s (pending)

February 2006

Priority lists for supplemental funding distributed to committee Funding level, if any unknown

Committee would prioritize funding based on: Possible funding Attention to issues such as

Health and safety Enhancing academics Attention to economy and efficiency Consideration of the Academic Long Range

Plan others

February 2006

Capital Budget issues: How and when is a building placed in

line for construction? Not determined by SU; determined at

the state level Parking

March, 2006

Possible supplemental funding still unknown

Middle States Standards and Site visit

Faculty Senate determines it will form its own finance committee to address faculty issues

Committee discusses priority lists

April, 2006

Committee established funding priorities and distributed recommendations per committee charge: sample page

Funding level = $426,638 after $556,000 obligations

More information in April 21, 2006 notes

Pending end of year activities

FY 2007 budget allocations with possible needs: New positions (staff and faculty) Eliminate reliance on Auxiliaries to

balance E&G Operating budget enhancements Faculty recruitment/retention Admissions/marketing plan

Pending end of year activities

FY 2007 budget allocations with possible needs: PC and smart classroom equipment

fund Ward Museum Reclassifications (non-exempts) Contingent II conersions Equipment fund – flet One time needs: TETC, IT Leg Audit,

Electrical loop, PeopleSoft Upgrade

Pending end of year activities

Committee annual report Committee guidelines Committee chair guidelines

Questions?