New Budget Model Third Year Results. Prior budget system featured central control and fixed budgets...
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Transcript of New Budget Model Third Year Results. Prior budget system featured central control and fixed budgets...
New Budget ModelThird Year Results
• Prior budget system featured central control and fixed budgets
• New budget system is variable with decentralized decision-making
• New system began in July 2005
• This report summarizes results for the third year under the new system.
Note: Prior agreements for special programs, fees and carry forward policy are incorporated into the new
budget model.
$0M
$5M
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$20M
$25M
$30M
Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue
FY06 FY07 FY08
College of Arts & Sciences
Actual Revenue Budgeted Revenue
$0M
$1M
$2M
$3M
$4M
Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue
FY06 FY07 FY08
School of Education & Human Services
Actual Revenue Budgeted Revenue
$0M
$1M
$2M
$3M
$4M
$5M
$6M
$7M
Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue
FY06 FY07 FY08
School of Health Professions & Studies
Actual Revenue Budgeted Revenue
$0M
$1M
$2M
$3M
$4M
$5M
$6M
Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue
FY06 FY07 FY08
School of Management
Actual Revenue Budgeted Revenue
Note: The special revenue agreement for NetPlus ended in FY07, resulting in the reallocation of both actual and budgeted tuition revenue from Special Program Tuition to Regular Tuition in FY08.
$0.0M
$0.5M
$1.0M
$1.5M
Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue Regular Tuition Special Program Tuition
Fee Revenue
FY06 FY07 FY08
Office of Extended Learning
Actual Revenue Budgeted Revenue
FY06: 3%FY07: 5%FY08: 9%
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.40M $0.72M $0.84M
Total Base Budget + Fee Allocation $15.44M $16.22M $17.30M
If Incremental (Old) System Were Used $15.44M $16.07M $16.72M
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College of Arts & Sciences
How has the new budget model impacted available funding as compared to the old system?
FY06: 14%FY07: 14%FY08: 10%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.36M $0.20M -$0.02M
Total Base Budget + Fee Allocation $2.59M $2.86M $3.12M
If Incremental (Old) System Were Used $2.59M $2.68M $2.83M
$0M
$1M
$2M
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$5M
$6M
School of Education & Human Services
FY06: 7%FY07: 13%FY08: 25%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.27M $0.47M $0.88M
Total Base Budget + Fee Allocation $3.99M $4.19M $4.68M
If Incremental (Old) System Were Used $3.99M $4.13M $4.43M
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$1M
$2M
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$6M
School of Health Professions & Studies
FY06: 5%FY07: 1%FY08: 0%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.21M $0.28M $0.06M
Total Base Budget + Fee Allocation $4.30M $4.50M $4.85M
If Incremental (Old) System Were Used $4.30M $4.73M $4.92M
$0M
$1M
$2M
$3M
$4M
$5M
$6M
School of Management
FY06: -4%FY07: -8%FY08: -12%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) -$0.05M -$0.05M -$0.10M
Total Base Budget + Fee Allocation $1.10M $1.35M $1.41M
If Incremental (Old) System Were Used $1.10M $1.40M $1.49M
-$1M
$0M
$1M
$2M
$3M
$4M
$5M
Office of Extended Learning
FY06: 0%FY07: 1%FY08: 3%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.01M $0.03M $0.02M
Total Base Budget + Fee Allocation $2.37M $2.48M $2.48M
If Incremental (Old) System Were Used $2.37M $2.48M $2.44M
$0M
$1M
$2M
$3M
$4M
$5M
Chancellor Group
FY06: 2%FY07: 4%FY08: 14%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.07M $0.11M $0.38M
Total Base Budget + Fee Allocation $3.91M $4.02M $4.18M
If Incremental (Old) System Were Used $3.91M $3.97M $3.99M
$0M
$1M
$2M
$3M
$4M
$5M
Provost's Administrative Group
Note: The increase in FY08 is due to revenue generated by the Early College program and First Year Experience courses, which are administered by the Provost’s Office.
FY06: 3%FY07: 6%FY08: 6%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.10M $0.14M $0.10M
Total Base Budget + Fee Allocation $3.47M $3.78M $4.24M
If Incremental (Old) System Were Used $3.47M $3.70M $4.08M
$0M
$1M
$2M
$3M
$4M
$5M
Associate Provost's Group
FY06: 1%FY07: 1%FY08: 1%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.02M $0.07M $0.02M
Total Base Budget + Fee Allocation $3.03M $3.06M $3.15M
If Incremental (Old) System Were Used $3.03M $3.11M $3.13M
$0M
$1M
$2M
$3M
$4M
$5M
VC for Student Services & Enrollment Mgmt
FY06: 0%FY07: 0%FY08: 0%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.00M $0.00M $0.00M
Total Base Budget + Fee Allocation $3.16M $3.48M $3.72M
If Incremental (Old) System Were Used $3.16M $3.48M $3.72M
$0M
$1M
$2M
$3M
$4M
$5M
Student Aid
FY06: 1%FY07: 2%FY08: 4%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.04M $0.15M $0.06M
Total Base Budget + Fee Allocation $8.38M $8.87M $9.39M
If Incremental (Old) System Were Used $8.38M $8.81M $9.07M
$0M
$2M
$4M
$6M
$8M
$10M
VC for Administration
FY06: 1%FY07: 1%FY08: 1%
How has the new budget model impacted available funding as compared to the old system?
FY06 FY07 FY08
Tuition Settlement (One-Time Funds) $0.01M $0.04M $0.01M
Total Base Budget + Fee Allocation $1.30M $1.32M $1.36M
If Incremental (Old) System Were Used $1.30M $1.35M $1.35M
$0M
$1M
$2M
$3M
$4M
$5M
VC for Institutional Advancement
Revenue Targets:• Undergraduate – assumed tuition up 5.9% and enrollment up
2%• Graduate – assumed tuition up 4.9% with varied enrollment
assumptions by program
Change in State Appropriations
Change in Fixed Costs Note: Fixed costs include utilities, debt service payments,
maintenance contracts, business operation and insurance recharges.
Budget Model Worked Well
Level of understanding varies
Results varied by unit
Graduate payouts exceeded targets
Undergraduate payouts exceeded targets
Budget model payouts in line with enrollment
Give top priority to revenue and enrollment growth
Set aside a reasonable reserve, then invest the rest to support increasing enrollment
Consider deployment of available resources to areas with highest growth potential
Work cooperatively with other groups to increase enrollment
VCA Office Dave Barthelmes
Financial Services Jerry GlascoChristy Brownell
Website http://umflint.edu/resources/offices/administration/index/php
How is the budget set for the campus? The budget is set based on assumptions regarding
enrollment and tuition rates, state appropriations, changes in fixed costs and new initiatives.
How is my base budget determined each year? Each unit’s base budget is determined based on its share
of dollars assumed for revenue, state appropriations, fixed costs, and new initiatives.
How is my merit funded?Merit is covered by increases to budgets for a given year.