Budget ForumOxford Campus

January 15, 2009

Oxford Campus

Educational and General Budget

Future Budget Commitments (Revenue Increase or Budget Reduction)

FY 2010 through FY 2015

Description FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015

Annual Commitment

FY 2015

Debt Service Commitment for Capital Projects $ 5,259,604 $ 1,475,160 $ 1,393,903 $ (2,966) $(2,500,734) $ (18,950) $ 5,606,017

New Building Operations 1,500,000 $ 1,500,000

Utility Enterprise-Capital Projects 500,000 $ 500,000

Parking-Capital Projects 750,000 450,000 $ 1,200,000

Scholarships 1,050,000 $ 1,050,000

Academic Improvements 500,000 500,000 500,000 500,000 500,000 500,000 $ 3,000,000

Faculty Start-Up 650,000 $ 650,000

One-Time Program Improvements 2,328,270 (2,328,270) $ -

Current Budget Deficit 6,000,000 $ 6,000,000

Enrollment Growth (6,500,000) $ (6,500,000)

Total $ 12,037,874 $ (353,110) $ 1,893,903 $ 947,034 $(2,000,734) $ 481,050 $ 13,006,017

Budget RisksMajor Revenue Budget

Budget Value Budget RiskState Appropriations:State Share of Instruction $65,007,840 Success Challenge $3,807,052 $7,000,000

*$68,814,892

Fall 2009 Enrollment Growth $6,500,000 $3,250,000 Undergraduate Nonresident Enrollments $118,300,000 Investment Income $8,500,000 $4,250,000 Unrestricted Endowment Earnings or Distribution $3,000,000 $1,500,000 Salary Increase (3%) $6,500,000 Smaller Tuition Increase ------- $16,000,000 * The state appropriation has been cut by $308,000 in FY 2009. An additional cut of $82,000 is still being discussed

Calculation of Proposed Budget ReductionsOriginal Budget Cut (reduced for delay in capital projects) $9,600,000

Proposed Additional Cut with No Salary Increase $12,400,000 $22,000,000

Budget Risks

Budget Value Budget RiskState Appropriations:State Share of Instruction $65,007,840 Success Challenge $3,807,052

*$68,814,892 $7,000,000

Fall 2009 Enrollment Growth $6,500,000 $3,250,000 Undergraduate Nonresident Enrollments $118,300,000 Investment Income $8,500,000 $4,250,000 Unrestricted Endowment Earnings or Distribution $3,000,000 $1,500,000 Salary Increase (3%) $6,500,000

Smaller Tuition Increase ?____?_____

$16,000,000

* The state appropriation has been cut by $308,000 in FY 2009. An additional cut of $82,000 is still being discussed

Calculation of Proposed Budget ReductionsOriginal Budget Cut (reduced for delay in capital projects) $9,600,000

Proposed Additional Cut with No Salary Increase $12,400,000 $22,000,000

Budget ReductionsTarget and Allocation

Oxford Total Budget (Net of Miami Plan Scholarships) $347,000,000 Oxford Division Budget $280,000,000Targeted Budget Reduction $22,000,000 Targeted Budget Reduction $22,000,000Percentage of Total Oxford E & G Budget (Excluding Miami Plan Scholarships) 6.34%

Percentage of Division Budget 7.86%

DivisionPercentage of

Division Budgets

Percent ofBudget

Reduced

Share of Budget

ReductionBudget

Reduction

Executive 2.2% 11.0% 3.2% $690,482Academic Affairs 67.8% 3.5% 30.2% $6,650,939Finance and Business Services 16.4% 11.0% 22.9% $5,042,939Information Technology Services 7.5% 11.0% 10.5% $2,315,390Student Affairs 3.1% 6.5% 2.6% $571,071Advancement Services 3.0% 6.5% 2.5% $545,321Central Reduction 28.1% $6,183,858Total 100.0% 100.0% $22,000,000