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Town Hall Meeting Budget Update and Planning November 13, 2006

Town Hall Meeting Budget Update and Planning November 13, 2006. Agenda Summary of FY 06 Budget for FY 07 Issues for FY 08 and FY 09 Preliminary FY 08 View Budget Advisory Group Time Line. Fall to Fall Retention New Entering Students 0 2-03 03-04 04-05 05-06

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Town Hall Meeting Budget Update and Planning November 13, 2006

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  1. Town Hall MeetingBudget Update and PlanningNovember 13, 2006

  2. Agenda • Summary of FY 06 • Budget for FY 07 • Issues for FY 08 and FY 09 • Preliminary FY 08 View • Budget Advisory Group • Time Line

  3. Fall to Fall Retention New Entering Students 02-0303-0404-0505-06 NEF 72% 72.4% 70.7% 72.5% NET 73.7% 75.2% 73% 73.9% FYE NA NA NA 75.5%

  4. Graduation Rates NEF (Full & Part Time) 3-Yr4-Yr5-Yr6-Yr 1999 Cohort 13.4% 37.1% 44.9% 2000 Cohort 17.5% 39.2% 46.4% NET (Full & Part Time) 3-Yr4-Yr5-Yr6-Yr 1999 Cohort 30.4% 47.1% 54.8% 57.3% 2000 Cohort 32.5% 48.5% 56.3% 58.8%

  5. On-Line Course Enrollments FY 04 3,282 FY 05 4,277 FY 06 7,858 In FY 06, 60% of enrollments were by students also enrolled in day classes.

  6. High School Graduation 2003-2013 • 11.7% decline in 5-state (MN, ND, SD, IA, WI) • 10.3% decline in MN • 19% decline in white graduates • 52% increase in graduates of color

  7. Authorized Faculty Searches Fall 07 Probationary 31 Fixed Term 9

  8. Applied Doctorates Ed.D. in Higher Education Administration Psy.D. in Applied Psychology Aud.D. in Audiology D.B.A. in Business D.N.P. in Nursing

  9. Budget Advisory Group Charge Serve as a broadly based forum for discussion and advice on the process, system and structure of the allocation/reallocation of resources to insure support of the mission, vision and strategic plan of the University and review the execution of the budget plan as each fiscal year progresses.

  10. Budget Advisory Group Process • Meets Bi-Weekly Tuesdays 12:45 p.m. – 1:45 p.m. AMC • Open Meetings • Recommendations forwarded to President and through M&C Process

  11. Budget Advisory Group Initial Activities • Recommend Budget Principles • Establish Ad Hoc Work Groups • Budget Assumptions • Base Budget Analysis • Tuition Analysis • Budget Models for Future

  12. Budget Advisory Group Current Budget Planning Cycle Issues • Assumptions for 08 and 09 • Initiative Funds • Tuition Proposals • Influences of Budget on Performance Indicators

  13. Budget Advisory Group Future Budget Planning Issues • Review of Budget Models • Review of Base Budgets • Staying Abreast of Trends

  14. Budget Time Line October, 2006 -Initial decisions made for FY 08 faculty searches -“Final” fall enrollment determined November, 2006 -Workgroups begin -Town Hall budget meeting -Requests made of units for recommendations for reallocations or resources for FY 08 -Initial OOC budget request determined -Audited financial statements complete December, 2006 -Work Group on assumptions report results

  15. Budget Time Line, cont. January, 2007 -Work Groups on tuition, models and base budget report results February, 2007 -Town Hall budget meeting April, 2007 -OOC provides initial estimates of allocation -“Trial” budget constructed around allocation and assumptions -Town Hall budget meeting

  16. Budget Time Line, cont. • May, 2007 • -Appropriation set for FY 08 and FY 09 • -Initial supply and equipment allocations • June, 2007 • -Tuition set • July, 2007 • -Initial state allocation fixed • August, 2007 • -Town Hall budget meeting • November, 2007 • -Budget Model in place to review initial FY 09 • allocations

  17. Budget WEB site URL www.stcloudstate.edu/budget

  18. Questions

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