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Transcript of ALASKA ’ S FIRST UNIVERSITY AMERICA ’ S ARCTIC RESEARCH UNIVERSITY University of Alaska...
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ALASKA’S FIRST UNIVERSITY AMERICA’S ARCTIC RESEARCH UNIVERSITY
University of Alaska FairbanksExecutive Leadership Workshop
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Agenda
I FY10 Status - Projected Results Projected Carryforward
II FY11 Conditions and Distributions The Issues How do we Address Them?
III FY12 budget and 3 - 5 year planning horizon
Operating Budget Priorities
IV Summary
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I – FY10 Status – Projected Results
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FY10 Budget$8.2M Non-General Funds Required to Maintain Existing
Programs! ($7.4M projected additional in FY10)
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Compensation Increase$4.2M General Fund$3.3M Non-General Fund
Maintenance & Repair$434K General Fund$657K Non-General Fund
Other Fixed Costs$150K General Fund$4.2M Non-General Fund
Programs$1.1M General Fund$2.7M Non-General Fund
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Carryforward Analysis
Unrestricted (F1) carryforward projected at $6.5M or 2.8%
Estimate $5M to $7M at end of FY10
Initial contingency reserve low but a pullback replenished
Higher than anticipated tuition and ICR revenue partly offset fixed costs increases
Grants and Contracts accounts receivable reduced
Units with deficits at end of FY10 will submit a remedial plan
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II - FY11 Conditions and Distributions
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Overall UAF status going into FY11 GF salary and benefit funding distributions Planning assumptions 3% SW Pool Central needs Structuring of required redistributions – PBB and
other
Initial Budget IssuesHow do we Solve them?
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FY 11 Budget$10.8M Non-General Funds Required to Maintain Existing Programs!
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Compensation Increase$3.91M General Fund (net of system level reduction)$3.68M Non-General Fund BOR Request ($4.7M GF, $3.8M NGF)
Maintenance & Repair$795K General Fund$790K Non-General Fund
BOR Request ($795K GF, $790K NGF)
Other Fixed Costs$1.58M General Fund$3.66M Non-General Fund
BOR Request ($1.8M GF, $3.8M NGF)
Programs$1.5M General Fund*$2.67M Non-General Fund
BOR Request ($4.9M GF, $7.2M NGF)
As passed by the Legislature
*Includes CES, ACEP, MAP and 150K of one-time STEM funding.
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Handouts:1. FY11 Conference Committee Action2. FY11 Fiscal Status - Delta Document3. FY11 Reference Document
Discussion
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Fiscal Impact Planning Assumptions
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Legislature’s 3% redistribution pool is substantially returned to UAF
2% enrollment growth Anticipate utility trigger mechanism Flat research revenue
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3% SW Pool
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$11.6M total for all of UAF $4.6M GF $7.0M NGF
Anticipate 95% will be returned
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FY11 Central Obligations
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Must cover ongoing cost increases Fuel Tuition rate increases (institutional scholarships) SW chargebacks
Must cover existing structural deficits Bookstore/Tech Center Institutional scholarship budget shortfall
Must cover strategic facility upgrades One-stop shop Life Sciences planning advance
Must build adequate emergency reserve $2.6M required to meet
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FY11 Campus-wide Unfunded Obligations
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KUAC Athletic Travel Upark Department Moves Wells Fargo Lease/Moves Sustainability (SIREN) Fee Match SOM/Northern Leadership OIT HR Office Grant Technician
$2.0M required to meet
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Required Adjustments
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$2.6M required for central needs $2.0M in unfunded obligations campus-wide $1.3M PBB
$5.9M in required FY11 redistributions
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Redistribution Options
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• Across the board• School/college/Unit level• VC/Provost/Chancellor level
• Amount allocated• By financial driver
• % GF, % NGF
• Administrative vs. Academic vs. Research• By Space• Vacancies centrally held• Other
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Discussion
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III - FY12 Budget and 3–5 Year Planning Horizon
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FY 12 Operating Budget Priorities
Address fixed costs increases – 5% to 7% per year
Meet obligations to established programs: Biomedical, Climate, WFD including teacher preparation, others
Maintain momentum: Engineering, Energy
Increase graduation rates (including State financial aid)
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Operating Budget 3 to 5 Year Conditions
Annual 3% salary increase Annual 15% benefit increase Annual 10% tuition increase Enrollment increase 10% if significant
State financial aid package ICR rate increase but Research flat overall
if no significant facilities investment 2% to 3% total increase in GF per year Debt Obligations
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Unrestricted Revenue GapBased Upon FY05 to FY09 Annualized Data
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FY09 FY10 FY11 FY12 FY13$220,000.0
$240,000.0
$260,000.0
$280,000.0
$300,000.0
$320,000.0
$340,000.0
$360,000.0
Projected ExpenseProjected Unrestricted Revenue
Annualized Expense Increasing at 8.42%Annualized Revenue Increasing at 6.86%
$8.3M Gap
$13.8M Gap
$4.2MSurplus
Breakeven
$3.5M Gap
Does not include financial aid-dependent enrollment increase
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Closing the Funding Gap
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Across the Board reductions will not be adequate for 3-year budget horizon
Vertical reductions will require elimination and/or restructuring of some programs / functions
Reallocation of savings from vertical reductions will meet “gap” in funding experienced by other units
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Closing the Funding Gap
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Program review will need to occur in administrative, support, academic, and research operations
Criteria needed for each functional area
Priorities necessary within and across functional areas
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Closing the Funding Gap
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Benchmarking to peers
Performance metrics
Areas of distinction or focus
Accreditation and mission alignment
?
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Next Step
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Summer 2010 – begin Administrative review
Fall / Winter 2010 – begin Academic, Research, Student Support review
Implementation in FY12 based on reviews
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VI - Summary
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