Campus Forum Wisconsin’s 2015-2017 Biennial State Budget & Transition Update
description
Transcript of Campus Forum Wisconsin’s 2015-2017 Biennial State Budget & Transition Update
Where excellence and opportunity meet.™
CAMPUS FORUMWISCONSIN’S 2015-2017 BIENNIAL STATE BUDGET & TRANSITION
UPDATEWEDNESDAY, FEBRUARY 26, 2014
11:30 A.M. - SAGE 12164:00 P.M. - SAGE 1214
The Biennial Budget Puzzle
Tuition
Share
of Costs
Cost to Continue
New Initiatives
Compensation
Operating
Budget
StandardBudget
Adjustments Capital BudgetFinancial
Aid
Compliments to UW System for this Puzzle Conceptualization
StatutoryLanguage
Debt Service
Lapses
Reductions
Board of Regents Request
TuitionShare
of Costs
StatutoryLanguage
Cost to Continue
New Initiatives
Operating
Budget
StandardBudget
Adjustments
Student Financial AidHigher Educational Aids Board
TuitionShare
of Costs
StatutoryLanguage
Cost to Continue
New Initiatives
Operating
Budget
StandardBudget
Adjustments
FinancialAid
Governor’s Executive Budget
TuitionShare
of Costs
StatutoryLanguage
Cost to Continue
New Initiatives
Debt Service
Operating
Budget
StandardBudget
Adjustments
FinancialAid
Capital Budget
TuitionShare
of Costs
StatutoryLanguage
Cost to Continue
New Initiatives
Debt Service
Operating
Budget
StandardBudget
Adjustments
Capital Budget
FinancialAid
State-Funded Compensation
TuitionShare
of Costs
StatutoryLanguage
Cost to Continue
New Initiatives
CompensationDebt Service
Operating
Budget
StandardBudget
Adjustments
Capital Budget
FinancialAid
Final Legislative Budget
TuitionShare
of Costs
Lapses
StatutoryLanguage
Cost to Continue
New Initiatives
CompensationDebt Service
Operating
Budget
StandardBudget
AdjustmentsReductions
Capital Budget
FinancialAid
UW System Diamond Chart
UW Oshkosh Diamond Chart
UNIVERSITY OF WISCONSIN OSHKOSH 2013-14 OPERATING BUDGET
$250,173,654 total [$194,173,654 without Direct Lending]
Total Budget: $250,173,654
Federal Funds $84,990,802
Gifts, Grants & Contracts $4,798,395
Auxiliaries $48,190,873Other Operational Receipts $2,596,592
Combined Total: $50,787,465
GPR + Tuition/Fees Total: $109,596,992
GPR$43,120,790
Tuition/Fees$66,476,202
44%
34%
2%
20%
56%
17% 26%
39%GPR
61%Tuition/Fees
100%CombinedSubtotal
Focus on the Relative Allocation GPR v. Tuition/Fees
CurrentData
+ =
Slide From Last YearUnderstanding our
Uncommitted Reserve
$3 million rainy day fund – Why and How Used? Addressed unanticipated fluctuations in
enrollment numbers Addressed unexpected changes in financial
planning assumptions Addressed key areas of campus initiative and
re-investment
Inside Story:Fund Balance Fiasco …
$27.2 million fund balance and reserves Public outcry Major political consequences What were the audit results?
Legislative Audit Bureau
Program Revenue Balances by Level of Commitment
(as of 06-30-2012)
Levels of Commitment
LAB Audit Findings: $27.2 million fund balance
40.5%: Planned balances (program revenues)
38.2%: Designated balances (targeted commitments)
9.8%: Obligated funds (commitments)
11.0%: Reserve balances (emergencies, contingencies)
0.4%: “Undocumented” $136,000
Inside Story:Fund Balance Fiasco …
1. Value employees and abide by contracts, policies and established procedures.
2. Budget for activities that are central to the mission, add value, or are required.
3. Protect the direct instructional undergraduate and graduate teaching mission.
4. Protect the integrity of services supporting the University’s mission.
5. Continue the commitment to the University’s strategic plan and established priorities.
UW OshkoshBudget Principles
UW System Perspective2014-15 Annual Budget
(UW Must Fund)
Ongoing: $61.9M GPR
New Initiatives$1.3 M
Budget Cut
$32.8 M
Cost-to-Continue$3.9 M
Pay Plan & Fringe Benefits
$23.9 M est.
Ongoing: $61.9M GPR
New Initiatives$1.3 M
Budget Cut$32.8 M
Cost-to-Continue$3.9 M
Pay Plan & Fringe Benefits
$23.9 M est.
UW System Cuts … $61,900,000UW Oshkosh Share$3,035,250
UW System Perspective2014-15 Annual Budget
(UW Must Fund)
UW Oshkosh Priorities2014-15 Annual Budget
STEP$500,000
UW Oshkosh ShareUWS
Budget Cut$3,035,250
University Studies
Program$500,000
Equity-Based Compensation Adjustments$1,500,000
Ongoing Funds $5,535,888 GPR
Three Campus-Based Priorities
UW Oshkosh Priorities2014-15 Annual Budget
STEP$500,000
UW Oshkosh ShareUWS
Budget Cut$3,035,250
University Studies
Program$500,000
Equity-Based Compensation Adjustments$1,500,000
Ongoing Funds $5,535,888 GPR
2013-2014Funds Reallocated
2014-20154 percent reduction
Yields$2,368,000
Three Campus-Based Priorities
“Basified”
Prioriti
es
Planning Context and Assumptions
The Nature of the Challenge
Fund Target: $5,535,888 GPR
Less GPR from 4-percent reduction: $2,368,000Less “basify” 2 priorities:
$2,000,000Less STEP (anticipated to be addressed): $500,000
Subtotal:$4,868,000
Anticipated to be Unaddressed: $667,888
Transition Update
Role of the Board of Regents Role of Campus-based Search and Screen
Committee Two Other Searches – Green Bay and Stout Timeline Issues – August 31 & Beyond
Chancellor Search & Screen Committee
UW Oshkosh Committee21 Members Notes
Faculty 11 Faculty Senate – Faculty will Chair the Committee
Academic Staff 2 Senate of Academic Staff
Classified Staff 2 University Staff Council
Students 2 Oshkosh Student Association
Administration 2 1 from campus (2 names will be submitted); 1 from UW
System
Community Representatives
2 4 names will be submitted
Chancellor Selection Process
March 31, 2014Campus-Based Search and Screen
April 2014Position Description
Search and Screen Committee
Committee Work - March to September
AugustSemi-Finalist Interviews
Mid-August to SeptemberSystem President and Board of Regents
Early SeptemberFinalistsInterviews
Late September or Early October
Selection Decision
January 1, 2015 or as negotiated
Starting Date Assumption of Office
System President and UWS Board of Regents
Managing Transitions – Wm. Bridges Model
THREE PHASESI. LETTING GOII. THE NEUTRAL ZONEIII. THE NEW BEGINNING
Change and Transition
Transition is a natural process of disorientation and reorientation that marks the turning points of the path of growth and renewal
Wm. Bridges
What we call the beginning is often the end. And to make an end is to make a beginning. The end is where we start from.
T.S. Elliot “Little Gidding”
Change and Transition
Endings First phase of transition, a
precondition to a new beginning A period of conflicting values
and emotions A period of difficulty and pain
for some; it is “Giving Things Up” and “Letting Go” (i.e. losses).
A period of excitement, hope and opportunity for others
“Every beginning is a consequence.Every beginning ends something.”
Paul Valery, French Poet
Change and Transition
The Neutral Zone: The period between endings and
beginnings. A temporary time of ambiguity,
uncertainty, personal anxiety, disintegration and reintegration.
A search for a new identity and normalcy.
A precondition for a new beginning.
“It is not so much that we’re afraid of change or so in love with the old way, but it’s that place in between that we fear.”
Marilyn Ferguson American Feminist
Change and Transition
New Beginnings: The period of renewal Acceptance of changed
circumstances Making a commitment to a
genuine new beginning. Getting on board. Enjoying the process of
personal and organizational transition.
“The only joy in the world is to begin.”
Caseare PaveseItalian Writer
Ending
The Overlap: Not everyone moves at the same rate
Change and Transition
NeNeutral Zone
Beginning
Don’t be surprised by:• Peoples’ responses to the three phases of transition• Overreaction to the transition• Grieving and resistance• Flattery and opportunism• What you discover• Unrealistic and often conflicting expectations
Change and Transition
Send your Feedback!
PLEASE COMPLETE BUDGET FORUM FEEDBACK SURVEY AT:http://tinyurl.com/uwosh2014
FORUM VIDEO AND DOCUMENTS WILL BE ARCHIVED ON CHANCELLOR’S WEB PAGE SOON
Where excellence and opportunity meet.™
Questions? Thank you