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University Town Hall Budget Meeting

University Town Hall Budget Meeting. May 1, 2003. Considerations for Budget Planning. Projected budget based on: 15% tuition increase Enrollment held steady Financial aid status is still unclear Legislature has not reached a decision House proposal: 13.6% cut to MnSCU

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University Town Hall Budget Meeting

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  1. University Town Hall Budget Meeting May 1, 2003

  2. Considerations for Budget Planning • Projected budget based on: • 15% tuition increase • Enrollment held steady • Financial aid status is still unclear • Legislature has not reached a decision • House proposal: 13.6% cut to MnSCU • Senate’s proposal: 8% cut to MnSCU • Governor’s proposal: 15.7% cut to MnSCU • MnSCU tuition approval: • First reading: June • Second reading: July

  3. FY’04 Proposed Budget Reductions Academic Affairs: Various positions vacated or reallocated $1,716,592 AISEC visiting student 9,000 International visiting professor 20,000 Moving, severance, substitution and sick pay 450,000 Academic Initiatives 100,000 Entrepreneurial Center 25,000 Sub-total $2,320,592

  4. FY’04 Proposed Budget Reductions Administrative Affairs: Expenditure/Revenue transfer Printing Services $50,000 Various positions vacated or reallocated 35,000 Savings heat/air conditioning adjustment 75,000 Public Safety 30,000 Staff development (1/2) 22,250 Colbert lease 35,000 Tennis Center lease 12,000 Phone system 100,000 Repair and Replacement 200,000 Memberships 10,000 Sub-total $569,250

  5. FY’04 Proposed Budget Reductions University Advancement: Various positions vacated or reallocated $166,441 Operating budget reductions 55,000 Founders Day, travel, events reductions 20,000 Internal process streamline 5,000 Sub-total $246,441

  6. FY’04 Proposed Budget Reductions Student Life and Development: Various positions vacated or reallocated $215,882 Reduce Kick-off budget (1/2) 20,000 Sub-Total $235,882

  7. FY’04 Proposed Budget Reductions President's Office: Athletics $50,000 University Wide: Voluntary leave without pay 45,000 Administrative support fees 200,000 Supply and equipment 133,884 Unused accounts 20,000 Sub-total $448,884

  8. FY’04 Proposed Budget Reductions Academic Affairs $2,320,592 Administrative Affairs 569,250 University Advancement 246,441 Student Life & Development 235,882 President’s Office and University-wide $448,884 Total FY’04 Budget Reduction $3,574,608* * $246,441 soft money through University Advancement is not included in the total

  9. Assumed Variables for Planning • Enrollment: FY’04, FY’05=14,325 • State allocation for FY’04, FY’05 based on MnSCU estimate from Governor's Budget Plan as of 2/18/03 • Salary increases @ 5% FY’04, 5% FY’05 • Fringe increase to 30% of salaries in FY’04, FY’05 • Utilities increase 3% in FY’04, FY’05 • Credit card expense adjusted for web-site payment • Legal costs increase $200,000 FY’04, FY’05 • MnSCU policy regarding reserves - requires 5% reserve, adjusted to 3% FY’04, FY’05

  10. Possible Tuition Increases • 15% across the board increase • International student increase of $10/credit • Differential tuition for College of Business and other programs • Investigate implications • Consultation with Student Government

  11. Possible Restructuring • SCSU organizational structure should: • Reflect values and goals of the University • Promote student intellectual and personal development • Consultants suggested three alternatives • Report is available online at: www.stcloudstate.edu/documents/organization • Campus-wide Task Force will: • Develop set of recommendations • Consult with University community to solicit feedback • Submit final recommendations by Nov.

  12. Restructuring Process Timeline April 20 Consultant’s Report May 2003 Creation of Task Force Summer 2003 Task Force meets Sept. - Nov. 2003 Recommendations and consultation • Faculty • Staff • Students Goal: Implementation July 1, 2004

  13. Questions or Comments? May 1, 2003

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