The University of Tennessee at Chattanooga Operating & Capital Budget Presentation
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Transcript of The University of Tennessee at Chattanooga Operating & Capital Budget Presentation
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The University of Tennessee at Chattanooga
Operating & Capital Budget Presentation
Dr. Richard L. Brown, Jr.Vice Chancellor of Finance & Operations
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UTC 2010-11 Budget and Financial Planning
Financial Re-Balancing For Efficiency and Effectiveness Year TwoYear Two
Campus Master Plan Facilities Growth Sustainability
Campus Master Plan Facilities Growth Sustainability
Tuition and Fees Benchmarking
Tuition and Fees Benchmarking
Reduced State Allocations New Funding Formula Performance Metrics
New UniversityAdvancement ModelCapital CampaignAthletics Master Plan
Academic Quality Accreditation Instruction Gen Ed QEP
IT Strategic Plan Services Governance Communication
Transparency Resource Allocations Accountability
Student Support Services
Alignment of Resources to the Strategic Initiatives2010-2011
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2011-12 Budget Issues Looking Forward
• Support of Instruction and Academic Quality• SACS Reaffirmation• QEP• Compensation (Faculty & Staff)• Operating Budget Support• Maintenance and Operations (Energy)• Control of System Cost• Complete College Act• New Funding Formula• Development as a Source of Revenue Enhancement• Continuous Program Review
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Summary of New Allocations Requested Total Requested
$7,363,562
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2011-12 Fixed CostsFaculty positions due to enrollment growth; To address the Tennessee Complete College Act; Mandated faculty promotions; Operating budget needs; SACS requirements for the QEP
Amount needed to fund aggregate 3% ACB pay raise and equity pool (1.4% - Campus; Gap to fund 1.6% state salary improvement)
Energy cost; Technology needs due to increased enrollment; Square footage increase and utility rate hike increases
Student Development, Safety and University Relations operational needs due to enrollment increase
Recalibration of state appropriations
Total equals 9.9% Fee Increase (net of Scholarship Cost)
$ 1,141,000
$ 1,563,000
$ 517,375
$ 499,845
$ 577,334
$ 4,298,554
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Aggregate Compensation Pool of 4%• 3% Across the Board Raises - All eligible Faculty and Staff. Cost embedded in the Base 9.9%
Tuition and Fee request.
• 1% Non-Recurring “BONUS” Pool recognizes exceptional performance and talent management. $660,000 identified from reserve accounts.
• $150,000 Equity Adjustment Pool for competitive salary benchmarking. Cost embedded in the Base 9.9% Tuition and Fee request.
Assumptions
• Final aggregate Tuition and Fees Request for 2011-12 will remain at 9.9%. • Salary projections based on January 1, 2011 cost of $55,000,000.• 1% tuition increase yields $437,000 net of scholarships.
* Consistent with Martin compensation plan * Great momentum towards comprehensive compensation strategy* Acknowledges exceptional performance * Limited compression/equity adjustments
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2011-12 Proposed Revenue
Tuition 9.9% Tuition Increase 5,263,665
Total $5,263,665
State Funding Formula Effect (201,200)Appropriations Insurance Enrollment 300,700
2% Reduction (779,400)1.6% Salary Improvement (Only 60% Funded) 605,000 4% Insurance Improvement 173,100 Access & Diversity Funds (5,481)
Total $92,719
Fees Athletic Fee 1,290,000 Library Fee 537,500
Total $1,827,500
Total Revenue $7,183,884
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2011-12 Proposed Expenditures
Chancellor Raise Employee Minimum to $8.50/hour 232
Funding for 40% of Salary Increase and Add'l 1.4% (Tuition) 8,388
1.6% Salary Improvement (State Appropriation) 3,691
Funding Formula Effect (1,227)
Insurance Enrollment 1,834
2% State Appropriation Reduction (4,754)
4% Insurance Improvement 1,056
Total $9,218
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2011-12 Proposed ExpendituresAcademic QEP 150,000
Affairs Graduate Assistantships (Phase 1) 80,375 Doctorate of Nursing Program - 2 Positions 141,000 Completion of Faculty Hires 500,000 Institutional Research Compliance Officer 70,000 Faculty Senate 30,000 Faculty Promotions and Rollovers 150,000 Raise Employee Minimum to $8.50/hour 26,348 Funding for 40% of Salary Increase and Add'l 1.4% (Tuition) 953,398 1.6% Salary Improvement (State Appropriation) 419,495 Funding Formula Effect (139,508)Insurance Enrollment 208,499 2% State Appropriation Reduction (540,420)4% Insurance Improvement 120,024 Program Adjustments 133,385 Library Fee 537,500
Total $2,840,096
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2011-12 Proposed Expenditures
Athletics Raise Employee Minimum to $8.50/hour 3,181
Funding for 40% of Salary Increase and Add'l 1.4% (Tuition) 115,088
1.6% Salary Improvement (State Appropriations) 50,639
Funding Formula Effect (16,840)
Insurance Enrollment 25,169
2% State Appropriation Reduction (65,236)
4% Insurance Improvement 14,488
Athletic Fee Increase 965,938
Total $1,092,425
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2011-12 Proposed ExpendituresFOIT Safety Officer 30,000
Facilities Staffing (New Square Footage) 50,000
Mandated Safety Compliance (Sprinklers & Fire Alarms) 55,000
OED Position (Stimulus Supported) 35,000
Rollover Banner Position 70,000
Raise Employee Minimum to $8.50/hour 5,980
Funding for 40% of Salary Increase and Add'l 1.4% (Tuition) 216,370
1.6% Salary Improvement (State Appropriations) 95,203
Funding Formula Effect (31,661)
Insurance Enrollment 47,318
2% State Appropriation Reduction (122,646)
4% Insurance Improvement 27,239
Total $477,802
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2011-12 Proposed Expenditures
Student Student Development Judicial Officer 76,845
Development McClellan Gym 100,000
Raise Employee Minimum to $8.50/hour 2,123
Funding for 40% of Salary Increase and Add'l 1.4% (Tuition) 76,821
1.6% Salary Improvement (State Appropriations) 33,801
Funding Formula Effect (11,241)
Insurance Enrollment 16,800
2% State Appropriation Reduction (43,545)
4% Insurance Improvement 9,671
Athletic Fee Increase (Recalibration of Student Activity Fee) 324,062
Total $585,338
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2011-12 Proposed Expenditures
University University Relations - 2 Positions (Stimulus Supported) 75,000
Advancement Raise Employee Minimum to $8.50/hour 136
Funding for 40% of Salary Increase and Add'l 1.4% (Tuition) 4,936
1.6% Salary Improvement (State Appropriations) 2,172
Funding Formula Effect (722)
Insurance Enrollment 1,080
2% State Appropriation Reduction (2,798)
4% Insurance Improvement 621
Total $80,425
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2011-12 Proposed Expenditures
Institutional Sustainability Office Position (Stimulus Supported) 75,000
Operating Budgets - Administration & Academic 100,000
Merit Increases 150,000
System Recalibration (1/3 in FY 11-12) 577,334
Technology Upgrades 70,000
Utilities 300,000
Program Adjustments 30,347
Total $1,302,681
Scholarships Institutional Scholarships $801,379
Access & Diversity Scholarships ($5,481)
Total $795,898
Total Expenses $7,183,884
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Proposed Expenditures
Proposed Expenditures$7,183,884
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Chattanooga
FY 2010-11 Annual Tuition and Fees
CHANGEFY 2010-11 FY 2011-12 Amount Percent
IN-STATE
UndergraduateTuition $4,912 $5,398 $486 9.9%Other Fees:Programs & Services * $590 $590 $0 - Athletics 240 360 120 50%Library Fee 0 50 50 100%Green Fee 20 20 - - Technology 200 200 - - Facilities 100 100 - - Total Other Fees $1,150 $1,320 $170 15%
Total Tuition and Fees $6,062 $6,718 $656 10.8%
GraduateTuition $5,890 $6,473 $583 9.9%Other Fees:Programs & Services * $590 $590 $0 - Athletics 240 360 120 50%Library Fee 0 50 50 100%Green Fee 20 20 - - Technology 200 200 - - Facilities 100 100 - - Total Other Fees $1,150 $1,320 $170 15%
Total Tuition and Fees $7,040 $7,793 $753 10.7%
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Chattanooga
FY 2010-11 Annual Tuition and Fees
CHANGEFY 2010-11 FY 2011-12 Amount Percent
OUT-OF-STATE
UndergraduateTuition 17,226 $18,931 $1,705 9.9%Other Fees:Programs & Services * $590 $590 $0 - Athletics 240 360 120 50%Library Fee 0 50 50 100%Green Fee 20 20 - - Technology 200 200 - - Facilities 100 100 - - Total Other Fees $1,150 $1,320 $170 15%
Total Tuition and Fees $18,376 $20,251 $1,875 10.2%
GraduateTuition $18,205 $20,007 $1,802 9.9%Other Fees:Programs & Services * $590 $590 $0 - Athletics 240 360 120 50%Library Fee 0 50 50 100%Green Fee 20 20 - - Technology 200 200 - - Facilities 100 100 - - Total Other Fees $1,150 $1,320 $170 15%
Total Tuition and Fees $19,355 $21,327 $1,972 10.2%
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Fee Analysis
Athletic Fee Analysis
Fee Increase
Revenue
Current Revenue at
$120 per Semester
Return 1/2 Student
Activity Fee Funds
Total Athletic
Fee Revenue Net Increase
Est. Revenue Generated at $60 per Semester $ 1,290,000 $ 2,385,108
$(324,062) $ 3,351,046 $ 965,938
Library Fee Analysis
Est. Revenue Generated at $25 per Semester
$537,500 $ 537,500
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UTC IT Strategic Plan – Top Five Results1. New IT Leadership - New position will synergize IT resources
and dollars
2. Establish Effective IT Governance Model
3. Create IT Service Catalog• Streamline roles and responsibilities across campus• Clarify roles between System IT and UTC IT
4. Promote a Culture of Continuous Service Improvement
5. Develop a Comprehensive Five-Year Planning Strategy• Financial (Tech Refresh)• Governance (Alignment with UTC Strategic Priorities)• Customer Service (Creating a University-Wide Help Desk)
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Capital Project Status UpdateFund Source Project Name Budget Current Status Milestone Date
State New Library Building $48,000,000 Contract Award Complete Spring 2013
Student Fees ARC Natatorium $8,600,000 Construction Complete July 2011
State Boiler Repl. Ph2 $3,360,000 Construction Complete July 2011
State Metro Renovation, Ph2 $4,600,000 Design Bid Oct 2011
Auxiliary Stagmaier Housing $3,500,000 Design Complete Fall 2012
State ADA/Founders Elevator $250,000 Design Pending additional funds
Operating South Stadium Demo $500,000 Design Complete Fall 2011
Stimulus Academic Math Mall $450,000 Construction Complete Aug 2011
Stimulus Patten House Exterior Rpr $700,000 Construction Complete Fall 2011
Stimulus Fire Alarm Upgrades $200,000 Design Under TFM Review
Stimulus Window Replacements $500,000 Phased Construction Complete Dec 2011
Stimulus Roof Replacement $600,000 Construction Complete Fall 2011
Stimulus Restroom Upgrades $600,000 Construction Complete August 2011
Stimulus Bretske Hall Renovation $1,540,000 Design Bid Sept 2011
Stimulus Maclellan Gym Imprvmts $1,350,000 Design TBD
Facility Fee Campus Landscape, Ph2 $2,300,000 Design Bid Spring 2012
State Holt Hall Improvements $7,450,000 Awaiting Designer Design start Fall 2011
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2010 Master Plan
• Master Plan Goals and Objectives Development• Strategic Plan relationship to the Physical Campus• Evaluation of 2000 Campus Master Plan• Comprehensive Housing Master Plan• Sustainable Campus Perspective• Greenspace Plan• Athletics & Recreation Spaces• Circulation & Transportation• Land Use & Acquisition Plan • Campus Infrastructure• Campus Renewal, Reprogramming, & Asset Maintenance Plan• Space Utilization and affinity program alignment
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