Post on 15-Dec-2015
Budget Management at UIC
Frank GoldbergVice Provost for Resource Planning and Management
Todd Van Neck
Director of Budget and Program Analysis
AP Advisory Committee Budget ForumDecember 2, 2010
State Tax AppropriationChanges by Agency
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
70%Human Services
Elem/Sec
Higher Educ
All Other
State Avg
66.6%
39.8%
-24.9%
-4.0%
61.1%
In Constant 2009 Dollars (CPI)
FY02 to FY10 exclude $45 million in payments to CMS from Universities for Health Insurance
Health Insurance moved from CMS (included in all other) to Human Services in FY06 and adjusted back to FY04
Source: Illinois State Budgets.
-40%
0%
40%
80%
120%
160%
200%
240%
280%
320%
360%
ISAC
SURS
Community Colleges
Universities -23.1%
-19.5%
25.0%
334.3%
In Constant 2009 Dollars (CPI)
Due to the changes in SURS funding from General Funds to State Pension Fund (SPF) in FY05, SURS funding includes the SPF in FY05-FY09 and Pension Obligation Bonds in FY10. FY02 to FY10 exclude $45 million payment to CMS from Universities for Health Insurance. FY10 ISAC includes supplemental appropriation.
Source: IBHE FY10 Budget as signed by the Governor. Inflation assumptions 2.5% for FY10.
Cumulative Change in State Tax Appropriation by Higher Education
Sector
State Support Per Tuition DollarFY 1970 to FY 2011
$0
$2
$4
$6
$8
$10
$12
$14
1970 1980 1990 2000 2005 2006 2007 2008 2009 2010 2011
12.8 to 1
8.6 to 1
4.5 to 1
2.9 to 1
1.5 to 1
FY02-11 excludes health insurance re-direction to DHFS.FY09 and FY11 exclude survey transfer.
1.4 to 1 1.3 to 1 1.2 to 1 1.1 to 1 0.8 to 11 to 1
Page 5
FY 2002
Revenue
FY 2010
Revenue
UIC Unrestricted Funds Budget
$498.4M
Income Fund $93.9M
Royalties $3.5M
ICR $47.9M
Admin Allowance $9.4M
GRF $343.7M
$611.8M
ICR $60.4M
Admin Allowance $20.1M
Royalties $6.5M
Income Fund $235.8M
GRF $285.7M
FY 2002
Revenue
FY 2010
Revenue
UIC Unrestricted Funds Budget(Constant Dollars)
Adjusted for inflation, UIC’s unrestricted budget decreased as compared to FY2002
$498.4M
Income Fund $93.9M
Royalties $3.5M
ICR $47.9M
Admin Allowance $9.4M
GRF $343.7M
$461.8M
ICR $45.6M
Admin Allowance $15.2MRoyalties $4.9M
Income Fund $177.9M
GRF $215.6M
Administration & Academic Support Medicine
$159M $422M
Eastside Colleges$220M
Other Health Colleges$213M
Auxiliaries, Athletics & Financial Aid
$1,648M
$128M
$506M
Hospital
- Grants/Contracts, Gifts & Institutional ($370M)
Source: FY 2010 Budget Summary for Operations, excluding Campus General, Utilities, VC Health Afrs and Division of Spec Care for Children.
- Self-Supporting ($842M)
- State Appropriation ($197M)
- Income Fund ($239M)
UIC's Budget
Patient Care & MD Training
Basic & Clinical Research
Practice & Self-Supporting Funds
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In nominal dollars, funding for colleges has increased, while funding for support units has decreased
Adjusted for inflation, college and support unit budgets remain below their FY 2002 levels
State Appropriation RevenueUnrestricted Funds
Billings and Collections through November 30, 2010
CollectedBilledAppropriation Rescission FY 2010
In Millions
$130
$395
$724
$18.6$743
$366
$697.5
$45.5$743
2009 2010
FY09 appropriation includes $18.6 million rescission. FY08-FY10 through Nov 30 th.FY10 appropriation includes $45.5 million of federal stimulus funding.
2008
$171
$376
$722
2011
$697
$722
$697
$205 $265 $379.4
$376.9$359
$7 $6.6
Stimulus
$4.1
The State’s FY 2011 Budget Hole(in Millions of Dollars)
Source Amount
Loss of one-time revenues used for FY 2010 $5,254
Pension note proceeds $3,466
Federal stimulus $1,436
Fund sweeps $352
1st year repay of pension notes $800
Estimated pension increase $531
Carry-forward of FY 2010 budget gap $5,670
TOTAL $12,255
Source: Commission on Government Forecasting & Accountability
Potential Solutions to the State Budget Hole(in Millions of Dollars)
Proposals Impact
Various budget cuts (on $29.6B base; roll back spending to FY 2007 levels)
$2,100
Increase employee contribution to retirement and health insurance plans
$400
Increase personal income tax rates (from 3% to 5%) $5,700
Increase corporate income tax rates (from 4.8% to 6.4%) $300
Tax retirement income (repeal exemption) $1,600
Various other tax adjustments (rate increases, repeal credits & exemptions)
$500
Defer to FY 2012/borrow/hope for economic recovery or additional Federal stimulus/additional drastic budget cuts
$2,100
Source: Civic Federation report, “A Fiscal Rehabilitation Plan for the State of Illinois”