Planning and Budget Committee

March 13, 2015

Agenda

• Current Financial Position• Original charge of this committee• Sub-committee findings regarding Enrollment

Projections for 2015-16 and the Impact of Tuition Changes on students and the University

Fiscal Year 2015 as of 02/28/2015

Budget 2014-15 Year-to-Date Projected 2014-15

TOTAL REVENUES $69,784,493.25 $36,877,100.78 $71,324,434.24 TOTAL PERSONNEL COSTS 48,401,656.25 21,390,920.20 47,360,000.00 TOTAL OPERATING EXPENDITURES 21,882,593.00 11,403,579.45 23,862,000.00 TOTAL OPERATING TRANSFERS IN 499,756.00 -74,801.09 300,000.00Excess Revenues Over Expenditures $0.00 $4,007,800.04 $402,434.24

Auburn University at Montgomery Financial PositionFor Period Ending February 2015 and Projections through September 2015

Budget Advisory Committee Established 3/22/1993

The AUM Budget Committee is to advise the Chancellor on general budget priorities as the relate to the mission, goals, and objectives of Auburn University at Montgomery. Such priorities will be considered within the constraints of the projected available new funds, existing commitments to currently established programs, and budget guidelines approved by the AU Board of Trustees. Final budget allocations will remain the responsibility of the Chancellor with the approval of the President of Auburn University and the AU Board of Trustees.

Budget Committee Composition14 members

• Vice Chancellor – Finance, Chair

• VC/Senior Staff Representative

• School Representatives – Dean (1)– Department Head (1)– Faculty/Librarian (4)

• Other Representatives– Research &

Development– Student Affairs– Finance– Provost’s office– Staff Advisory Council– Student Government

Subcommittee Presentations