Strategic Planning and Budget Committee Updates November 2021
Stay informed about the latest developments from the Strategic Planning and Budget Committee in November 2021. Explore updates on Chancellor communications, HLC updates, budget and finance matters, and the Fiscal Year 2023 budget timeline. Get insights into major activities, revenue projections, expense budget templates, and more.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Strategic Planning and Budget Committee NOVEMBER 15, 2021
Agenda Fiscal Year 2023 Budget Timeline Pay Plan Information All Fund Budget vs Actual Report Capital Budget Submission GPR State Appropriations Questions and Answers
Fiscal Year 2023 Budget Timeline Major Activity Update enrollment projections FY2021-2022 Update enrollment projections FY2022-2023 Prepare financial projections based on enrollment, tuition rates, utilities and central spending Develop the overall budget strategy for the campus Prepare internal chargeback rates (iCIT and FP&M pilot) Prepare the revenue budget templates Complete the revenue budget templates Prepare the expense budget templates Develop seg fee rates for allocable and non-allocable Develop auxiliary rates (e.g. housing, dining) Submit approved seg fee rates and auxiliary rates to UWSA Review workbooks submitted for quality Enter budget into PlanUW and submit to UWSA Sept Oct Nov Dec Jan Feb Mar Apr * Revenue workbooks expected to be released on November 24, 2021.
Fiscal Year 2023 Budget Timeline Revenue Main Tab
Fiscal Year 2023 Budget Timeline Budget Items for Discussion Updated November 11, 2021 Estimated Amount GPR or PR One-Time or On-Going # 1 2 3 4 5 6 7 8 9 Description Division Reason Comments
Pay Plan Information Pay Plan Timing (estimates) Funding Impact GPR/Tuition approximately $300,000 unfunded JCOER believed to be meeting in mid-December Auxiliary approximately $100,000 unfunded Pay plan would likely be implemented the first week in January
Pay Plan Information
Admin Aff Divison 2021-10-31 21-22 ACTUAL 21-22 FTE 21-22 Budget FISCAL TOTAL Percent Budget to Actual Expenditure Categories Notes Personnel Faculty Salary Academic Staff Salary University Staff Salary Graduate - PA Salary Student Salary LTE Salary Salary - Other Fringe Total Personnel Cost 123.50 - 2,147,947.16 5,835,136.00 391,536.00 498,308.00 283,140.23 9,156,067.39 $ - 35,651.67 601,577.49 1,741,437.80 129,514.75 25,545.02 131,999.29 2,665,726.02 $ 27.60 - - - - - 151.10 29% Operating Supplies and Expense Utilities Expenses Capital Expense Total Operating Cost 4,702,152.75 3,079,871.83 303,777.00 8,085,801.58 $ 1,157,797.80 1,342,582.41 10,984.80 2,511,365.01 $ 31% Debt Service Debt Service Central Funds Out Total Debt Service Cost 240,380.00 371,000.00 611,380.00 $ 162,078.19 65,000.00 227,078.19 37% Aid to Individuals Aid to Individuals (Non-Pass Thru) $ 17,853,248.97 $ - - - - Total Aids to Individuals $ 5,404,169.22 $ - 0% 30% Subtotal Sales Credits Less: Sales Credits* (2,548,155.00) (4,589,165.12) Total Sales Credits (2,548,155.00) $ 15,305,093.97 $ (4,589,165.12) $ 815,004.10 $ 180% 5% Total 151.10
2021-22 Projected FTE 2021-22 Projected Revenue 238,669.49 1,030,410.86 79,819,706.00 10,772,900.00 2021-22 Projected Expenses 1,238,377.05 1,018,797.55 79,437,706.00 10,772,900.00 Other Funding Sources Fund 144 Fund 133, 233 Gifts Grants - - 11,781,628.14 681,623.04 34,909,922.69 951% 67% 44% 0% Aid to Individuals (Pass Thru) GPR Debt Service - Total Other Funding Sources - 91,861,686.35 $ 92,467,780.60 $ 47,373,173.87 $ *Sales credit amount may include refund of lost revenues for COVID through HEERF funding.
Capital Budget Submission 23-29 MAJOR PROJECTS WINTHER RENOVATION AND WINTHER/HEIDE ADDITIONS (23-25) WILLIAMS CENTER FITNESS CENTER ADDITION (25-27) WEST CAMPUS DEVELOPMENT- PHASE 2 BENSON (25-27) ESKER DINING RENOVATION (27-29) 23-29 MINOR PROJECTS WELLS RESIDENCE HALL ELEVATOR REPLACEMENT (23-25) HEIDE HALL ROOF AND WINDOW REPLACEMENT (23-25) PERKINS STADIUM STRUCTURAL REPAIRS (25-27) WILLIAMS CENTER ROOF REPLACEMENT (25-27)
Capital Budget Submission 23-29 INSTRUCTIONAL SPACE PROJECTS CA- MUSIC LABORATORIES RENOVATION (23-25) CA- METALS LAB RENOVATION (23-25) MC GRAW 101 ACTIVE LEARNING LECTURE HALL (25-27) CA- 3 DIMENSIONAL DESIGN LAB NEW (25-27) HEIDE 101 ACTIVE LEARNING LECTURE HALL (27-29) CA- DRAWING LAB RENOVATION (27-29)
Capital Budget Submission 23-29 ALL AGENCY PROJECTS
Enrollment Update Fall 2021 class Incoming class was up over both 2020 and 2019 6% increase over Fall 2020 That is the system wide average The average for the comprehensives was 0% Rock County also outperformed their peers across the system
Additional Enrollment Initiatives for Fall 2022 Common App Expanded FIGs and ESFY for Fall 2022 Hispanic Outreach Events; Spanish language website Increasing social media campaigns (tours, application, non-res, UWW-Rock) Revised Scholarship website Doubling the number of Wheels to Whitewater programs Additional articulation agreements Early transfer admissions
Strategic Enrollment Planning Forum November 30 12:00 1:30 UC 275
2017-2022 Strategic Plan Reports were due today. The plan should still be shaping our work THANK YOU!!!
Interactive Exercise 1 Goal wrap-up What have we learned, relative to your goal, that helps us understand: - ways in which we have been successful in achieving the goal, that can shape future work? - ways in which metrics helped inform our work, and measuring our success; - if we went back in time 5 years and had the same major goal area, in what ways might we have shaped our goal, objectives, key metrics or activities that could have led to even greater success
Interactive Exercise 2a The end product As we start to think about developing a new strategic plan, what advice would you give about how best to create a strategic plan that will move us forward; allow us to be strategic; and allow us to measure our success in achieving the plan. You might think about broad vs. narrow qualitative vs. quantitative goals, objectives, metrics or something else ??
Interactive Exercise 2b The process If your table was responsible for leading the effort on developing the next strategic plan what process would you follow to get us there?
Meetings for Spring February 21, 2022 April 18, 2022
