Spring 2012 Budget Update

March/April 2012Robert Cramer -Assistant Chancellor

Cathy Riedl-Farrey - Director, Financial Services

Tuition Target=$31,789,596 Variance

Original Estimate 5.6.11 $32,507,000 $717,000

Fall 2011 11.28.11 $33,396,000 $1,606,000

Spring 2012 03.03.12 $33,990,000 $2,200,000

Tuition Pooled Revenue

OriginalFall FTE

Fall 2011 FTE OriginalSpring FTE

Spring 2012 FTE

Undergrad Resident 5,328 5,375 4,795 4,933

Undergrad NonRes 85 132 77 120

Graduate Resident 126 117 114 107

Graduate NonRes 16 23 14 18

TOTAL 5,555 5,647 5,000 5,178

+92 +1782

TSI RevenueOriginal Estimate Fall 2011 Spring 2012

Revenue $12,512,350 $12,970,970 $12,312,950

+$458,620 -$658,020 from Fall

-$199,400 from Original

Enrollment FTE 1,255 1,301 1,169

+46 -132

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Summary of Items FundedDivision FTE FY2012 FY2013 FY2014 FY2015 FY2016

AAC 29.50 3,202,455 3,048,466 2,947,428 2,851,847 2,863,625 ADMIN

18.00 1,151,235 1,120,170 1,004,955 1,033,292 1,035,182 CHANC

1.00 297,320 213,944 218,473 223,207 228,145 SA

6.35 535,400 545,900 564,800 584,600 587,700 UNIV WIDE

- 2,542,125 773,700 774,700 775,700 776,700 UR

10.00 1,391,740 733,450 748,390 552,390 553,490 TOTAL

64.85 9,120,275 6,285,810 6,108,926 5,871,216 5,895,022

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Budget Forecast ModelProjected Closing Balances

FY2012 FY2013 FY2014 FY2015 FY2016

With $300M Lapse but no plan

6,464,686 3,403,463 (600,465) (3,310,501) (5,032,630)

With $174.3M Lapse and $1.6M plan

8,881,723 7,948,049 6,361,158 5,778,671 4,056,542

With $300M Lapse and $1.6M plan

8,064,686 6,603,463 4,199,535 3,089,499 1,367,370

Additional Requests

12,903,307 14,164,153 15,803,106 15,671,019 15,788,422

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Budget Management

• Proposed Principles– Decision making is made by division leaders (1&2)– Ability to use monies from different sources to meet needs (3&4);– Communications with budget office on decisions that change

allocations of funds (5);– Plans for lapse obligations (6);– Prohibition on creating new positions without confirmation of

ability to fund them (7);– Ability or inability to ask for additional funds during the year versus

reallocating funds (8);– Ability to carry over funds from one year to the next (9).

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Auxiliary Rates – Segregated Fees2010-11 2011-12 2012-13 2013-14 2014-15

Athl/Rec Fac Bond 1 632205 FY25 30 30 30 30 30

MPSC Bond 632810 FY21 130 130 120 120 120

WFH Bond1 632605 FY12 18 18 0 0 0

WFH Bond2 632615 FY31 61 61 50 50 50

Athl/Rec Fac Oper 632200 25 25 25 25 25

Child Care 632700 10 10 10 10 10

ID Systems 612225 8 8 8 8 8

Intercoll. Athletics 632400 83 83 83 83 83

Muni. Svc. 632800 18 18 18 18 18

PAC/Intramural Oper 632600 50 50 54 54 54

Parking 642001 15 20 20 20 20

Transportation 0 0 30 30 30

MPSC Operations 632000 220 147 152 154 156

Student Affairs Programming 632006 - 81 91 93 95

Student Health 632100 98 106 106 106 106

SUFAC Activity 622001 98 100 100 100 100

Textbook 632900 142 142 142 142 142

Total Seg. Fees 1,006 1,029 1,039 1,043 1,0477

Auxiliary Rates – Housing & Meal Plans

2008-09 2009-10 2010-11 2011-12 2012-13**

Residence Halls

Double 2,900 3,016 3,106 3,260 3,520

Single 3,524 3,660 3,876 4,100 4,428

Suite 4,047 4,168 4,293 4,636 5,006 Avg % inc 3.88% 3.56% 3.00% 6.13% 8.00%

Meal Plans

Average Rate 1,909 2,062 2,102 2,165 2,273

% Inc 5.52% 8.01% 1.91% 3.00% 5.00%

**Rates are as submitted. Needs final Board of Regent Approval

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Final 2011-12 Budget (all funds)$157 M

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Final 2011-12 Budget (less aid)$110 M

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Summary of 2011-2013 Fund 102 Reductions

2011-12 2012-13

Base Budget Items

Expected 2011-2012 Budget Reduction (7.5.11)

($3,543,000) ($3,543,000)

Tuition Offset & system redistribution of cut

2,596,500 3,680,300

Subtotal Reductions ($946,500) $137,300

Cost to continue items $1,023,024 TBD

Fringe benefit reduction ($1,174,417) -

Total Base Budget Change for Fund 102 ($1,097,893) TBD

Additional Budget Lapses (one-time dollars; $174. 3 M in 2013-15 also)

$174.3 M ($65.8M for UWS) ($1,305,136) ($555,713)

Potential $157.7 M More ($47.5M for UWS) ($817,037) ($527,549)

Total Budget Lapses - $300 M ($113.3M) ($2,122,173) ($1,083,262)

• Lapse Planning Options 3/19/12 handout

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Questions and Next Steps•Proceed with Strategic Planning•Implementation of budget lapses

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