1 / 14

New Budget Model Provost Kent Fuchs Vice President Elmira Mangum campus wide forums D ecember 12 & 20, 2012

New Budget Model Provost Kent Fuchs Vice President Elmira Mangum campus wide forums D ecember 12 & 20, 2012. New Budget Model Principles. Consistent distribution of revenues and costs Distribute revenues to units Units pay for all the costs associated with their programs

marcel
Download Presentation

New Budget Model Provost Kent Fuchs Vice President Elmira Mangum campus wide forums D ecember 12 & 20, 2012

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. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. New Budget ModelProvost Kent FuchsVice President Elmira Mangumcampus wide forumsDecember 12 & 20, 2012

  2. New Budget Model Principles • Consistent distribution of revenues and costs • Distribute revenues to units • Units pay for all the costs associated with their programs • Eliminate the “General Purpose” budget • Central Costs • Expose costs • Allocate central costs to units based on cost drivers • University Support Pool (USP) • Used for initiatives and subventions • Funded by • Unrestricted central resources • Portion of Tuition from Colleges and Schools, e.g., 10%

  3. Major Categories of Revenues & Expenses to be Distributed Revenues Undergraduate Tuition and Fees Graduate Tuition and Fees New York State Appropriation Philanthropy Endowment Payout (including endowed professorships) F&A from external grants (indirect cost return) Expenses Central Administrative Costs (Allocated Costs) Central Initiatives and Subventions (USP) Undergraduate Financial Aid Graduate Financial Aid Facilities & Utilities Costs Debt

  4. Sources Units Gifts Endowment Income Sponsored / Federal Facilities & Administrative Enterprise / Other All Units Administrative Units Allocated Costs Central Unrestricted Gifts + Investment Income Provost Allocation Colleges + Academic Units Graduate Tuition / Tuition Pool Undergraduate + Professional Tuition USP True-Up Contract Colleges + Facilities State Appropriation

  5. Undergraduate Tuition & Financial Aid • All academic year undergraduate tuition revenue pooled • The pool includes a payment from the NYS Allocation (true up) • USP tax deducted from the pool • Remaining tuition pool returned to • the home college in which the student is enrolled • college where instruction occurs • Financial Aid • The undergraduate financial aid office will package students using centrally held endowments and grants to reduce the amount distributed to units. • Remaining unmet need is pooled and distributed across all colleges proportional to the tuition they receive. Colleges will be able to use their own financial aid endowments to fund costs. • Financial aid associated with on-campus Housing and Dining

  6. Graduate Tuition & Financial Aid • Graduate Tuition flows directly to Colleges/Schools • Professional student tuition subject to USP (Provost tax) • Research student tuition not subject to USP • Colleges will be responsible for tuition aid • The Graduate School will continue to provide fellowships (stipends and health insurance)

  7. State Appropriation • Equalize in-state undergraduate tuition (true-up) • Support contract colleges

  8. Facilities & Administrative Revenues(indirect cost) • Facilities and Administrative charges (F&A) on grants will primarily be distributed to the college/school expending the research dollars • 2% returned to PI • Central research costs will be distributed proportional to external research funding. Research initiative pool managed by SVPR.

  9. Allocated Central Costs • Allocated central costs will be distributed based on the following metrics (proxies for drivers of costs) • Number of graduate and professional students • Undergraduate tuition • Number of faculty • Number of staff • Research expenditures • Five-year rolling average of gifts received

  10. Central Administration Cost Allocations

  11. Allocated Central Costs

  12. Facilities & Utilities Facilities • Operations and Maintenance expenses will be distributed and paid by all units that have assigned space • Charge will reflect averaged costs for the campus based on classification of space • Public facilities will be distributed to all units Utilities • Cost will be paid directly by units

  13. Budget Model Meetings & Forums • Finance Officers • November 14 • Individual Deans & College Officers • Month of November • General Campus Wide Forums • December 12th & 20th • Utilities, Maintenance, Building Care, Debt Service • January 8th • Tuition, Enrollment, Financial Aid & State Appropriations • January 10th • Allocated Costs, Libraries, University Support Pool (USP) • January 17th • Facilities and Administrative Cost (F&A), Research • January 24th

More Related