Summary of 2015-2017Operating and Capital

Biennial BudgetUSI Board of Trustees

PresentationMay 1, 2015

2015-2017 PERFORMANCE FUNDING FORMULA

Performance Funding of Total Operating

FY 2016 FY 2017

PFF % of Total Operating 4.0% 6.5%

Reallocation % of Base Operating 2.4% 3.2%

New Funding % of Base Operating 1.7% 3.5%

2015-2017 PERFORMANCE FUNDING FORMULA

SUMMARYGeneral Assembly Passed

FY 2016 FY 2017Overall Degree Completion $533,513 $882,234

On-Time Degree Completion $349,243 $577,496At Risk Degree Completion $268,358 $443,848Student Persistence Incentive $79,336 $131,192Institution-Defined Productivity Metric $61,575 $101,775Total $1,292,025 $2,136,545

2015-2017 PERFORMANCE FORMULA FUNDING

USI Operating Base Reductionto Fund Performance Funding

Formulas

$1,045,398 in FY 2016$1,424,840 in FY 2017

OPERATING APPROPRIATION

2014-2015 Base Appropriation: $44,146,854

2015-2016 Base Appropriation: $44,393,481

2016-2017 Base Appropriation: $44,858,559

USI’s Operating Appropriation Increase Over FY 2015 Base

$246,627 – 0.6% in FY 2016$711,705 – 1.6% in FY 2017

Net of Base Reductions

Historic New Harmony

No Increase in Operating Base Appropriation

2015-2017

$486,878

LINE ITEM APPROPRIATIONS

Dual Credit Enrollment

Line Item Appropriation to Fund Dual Credit Priority Courses Taught

in High Schools at $50 Per Credit Hour

2015-2016 $320,450

2016-2017 $320,450

LINE ITEM APPROPRIATIONS

• Classroom Renovation/Expansion Project – Health Professions Center

‒ $8 million in bonding authorization in FY17

• Academic Health Science Complex with the IU School of Medicine in downtown Evansville− $6 million cash funding for project

CAPITAL APPROPRIATION

General Repair and Rehabilitation Appropriation

FY 2016 and FY 2017

$1,997,500

CAPITAL APPROPRIATION

OTHER LEGISLATION

• Return and Complete Initiative• Funding for 21st Century Scholars

Program• Student Loan Disclosure• Higher Education Financial

Assistance for National Guard Scholarships

• Various Pension Matters Related to PERF

NEXT STEPS

• Governor to sign HB 1001

• CHE to recommend tuition targets

• Institutions required to hold tuition hearing within 30 days of when CHE establishes targets

• Institutions required to set two-year tuition rates within 60 days of when budget is enacted

Questions?