Presentation to the association of government accountants winter seminar
Download
1 / 36

Tennessee Board of Regents Financial Overview January 19, 2010 - PowerPoint PPT Presentation


  • 70 Views
  • Uploaded on

Presentation to the Association of Government Accountants’ Winter Seminar. Tennessee Board of Regents Financial Overview January 19, 2010. TBR Financial Basics How Have Tennessee Higher Education Finances Changed In Last Decade Current Fiscal Challenges  Key Issues. Outline.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Tennessee Board of Regents Financial Overview January 19, 2010' - augustin-herve


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Presentation to the association of government accountants winter seminar

Presentation to the

Association of Government Accountants’

Winter Seminar

Tennessee Board of RegentsFinancial OverviewJanuary 19, 2010


Outline

  • TBR Financial Basics

  • How Have Tennessee Higher Education Finances Changed In Last Decade

  • Current Fiscal Challenges

  •  Key Issues

Outline


Tbr revenue fy 2009 10 millions
TBR Revenue FY 2009-10 (millions)



Fy 2009 10 e xpenditures by function millions
FY 2009-10 Expenditures (By Function, Millions)



Fy 2009 10 expenditures by object millions
FY 2009-10 Expenditures (By Object, Millions)




Tennessee Higher Education Commission Last Decade

Annual Percent Change in State Appropriations


Tuition and Fees Last Decade

Tennessee Higher Education Commission

Median TN Family Income Growth, 2002-2007: 13% or $6,100.


Tennessee Higher Education Commission Last Decade

Higher Education Revenues


Tennessee Higher Education Commission Last Decade

Higher Education Revenues


Shifting Revenue Streams Last Decade

Tennessee Higher Education Commission


Shifting Revenue Streams Last Decade

Tennessee Higher Education Commission


Shifting Revenue Streams Last Decade

Tennessee Higher Education Commission


Total Student Support Last Decade

Tennessee Higher Education Commission




Overview of State Appropriations (1998-2007)(millions)


Overview of State Appropriations (1998-2007)(millions)


Overview of State Appropriations (1998-2007)(millions)


Use of arra funds millions
Use of ARRA Funds (1998-2007)(millions)


Summary of funding challenge millions
Summary of Funding Challenge (1998-2007)(millions)


Summary of solution millions
Summary of Solution (1998-2007)(millions)


Budget reduction summary millions
Budget Reduction Summary (1998-2007)(millions)



Educational attainment

If our State goal is to reach the U.S. average in educational attainment by 2025, then we must increase the number of college graduates by 3.5% annually

Educational Attainment


Economic importance of educational attainment
Economic Importance Of Educational Attainment educational attainment by 2025, then we must increase the number of college graduates by 3.5% annually


Growing occupations in tennessee pay more than twice that of declining occupations
Growing Occupations In Tennessee Pay More Than Twice That Of Declining Occupations

None of the top 10 declining occupations require any post- secondary education.

In contrast, eight of the top 10 fastest growing occupations require some post- secondary education.


Trends in higher education funding
Trends In Higher Education Funding Declining Occupations



Conclusions

  • Need to create a more educated populous Declining Occupations

  • Declining levels of state financial support

  • Increased levels of tuition & fees needed to -

    • Partially offset lost state funds

    • Fund cost of servicing increased enrollments

    • Fund inflationary costs

Conclusions


Future challenge

State’s Future Prosperity Depends on an Educated Populous Declining Occupations

Current low educational attainment levels represent a threat to Tennessee’s future economic vitality

Need for higher enrollments combined with increased levels of degree and certificate completions are the cure

Must Be Accomplished In the Face Of - -

Stagnant or Decreasing State Support

Limitations on Ability of Students to Finance Education

Need for Increased Educational Productivity

Doing more with the same (or less)

Future Challenge


Questions

Questions Declining Occupations


ad