February Budget Report Overview
Explore the details of the budget report from February 17, 2016, discussing allocations, operating expenses, and academic affairs division funding. Learn about the budget committee meeting with Provost Alva and key financial highlights.
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Presentation Transcript
Budget Report February 17, 2016 John Lloyd Budget Committee Chair
Budget Committee Meeting with Provost Budget Committee met with Provost Alva, 2/10/16 Academic Affairs Budget. Tenure-track hires for 2014-15 and 2015-16.
Academic Affairs Division GF 2015-16 $92.6M General Fund (base) $83.5M Add'l Base Funding Enrollment Growth $ 2.0M Compensation Increase Allocation $ 2.9M Designated Gen. Fund $ 3.5M (Student success fees, other designated fees) Designated Revenue Base $ 0.7M
Temporary ("one-time") allocations GF Carryover from prior year $ 6.0M Temporary Allocations $ 5.4M Program Allocations from C.O. $ 257K Note: Provost secured add'l one-time $4.3M to A.A. budget for instruction (mostly lecturers).
AA Gen Operating Expenses 2015-16 Total A.A. GF Budget, 2015-16 $ 104.38M (+ $6.4M) Perm. Fac. Salaries $ 49.2M 47.1% (+$2.7M) Temp. Fac. Salaries $ 18.1M 17.4% (+$2.3M) Teacher/Scholar - shared Gov. $ 959K Fac. Hiring Pkg 0.9% (-$250K) $ 1.7M 1.6% (+$620K) Staff Salaries $ 14.4M 13.7% (+$1.5M) Management Salaries $ 4.6M 4.4% (+280K)
A. A. Operating Funds College Operating Funds: $ 3.2M 3.1% (-$1.8M) Library Operating Funds: $ 548K 0.5% (-$350K) Cent. A.A. Operating Funds: $ 1.6M 1.5% (-190K) 2015-16 T-t Searches: 58
