Budget Development and Allocations Overview
Gain insights into the FY 2017 and FY 2012 budget development, including revenue projections, unavoidable cost increases, academic program allocations, and campus operating infrastructure funding. Analyze the net budget changes and understand the financial decisions presented for campus-wide business managers.
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Presentation Transcript
FY 2017 Budget Development General Operating Funds Presented to the Campus-Wide Business Managers 06.16.16
FY 2017 Budget Development Incremental Revenue Projections Projected Tuition Increase @ 5% $0 Simulation Center Fee 915,000 Projected Enrollment Increase Revenue 1,464,800 State Funded Salary Increase 0 State Funded Operating Increase 4,387,000 State Funded Benefit / Other Changes 1,155,538 Subtotal $7,922,338 Bd Advisory Group Base Realignment Requirement Net Change in Unrestricted General Operating Revenue 5,560,439 $13,482,777
FY 2017 Budget Development Budget Allocations UNAVOIDABLE COST INCREASES / CAMPUS PRIORITIES ATB Salary Increase @ 3.0% ($1000 min) $3,800,000 FLSA Salary Adjustments 200,000 State Funded Benefit / Other Changes 1,155,538 Campus Benefit Pool 600,000 Systems Charge Increase 716,700 Debt Service Fund Increase 1,000,000 Simulation Center Facility 915,000 SUBTOTAL -- Unavoidable Increases $8,387,238
FY 2012 Budget Development Budget Allocations Under consideration ACADEMIC PROGRAMS DRAFT SUBTOTAL -- Academic Programs $ 3,671,407
FY 2012 Budget Development Budget Allocations Under consideration DRAFT CAMPUS OPERATING INFRASTRUCTURE SUBTOTAL -- Campus Infrastructure $1,674,615
FY 2012 Budget Development Budget Summary INCREMENTAL REVENUE VS ALLOCATIONS $13,482,777 Incremental Revenue Projections $8,387,238 Unavoidable Cost Increases 3,671,407 Academic Program Support 1,674,615 Campus Operating Infrastructure 13,733,260 TOTAL Incremental Allocations ($250,483) Net Budget Change
