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Budget Management at UIC

Budget Management at UIC. Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory Committee Budget Forum December 2, 2010. State Tax Appropriation Changes by Agency. Human Services. 66.6%.

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Budget Management at UIC

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  1. Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory Committee Budget Forum December 2, 2010

  2. State Tax AppropriationChanges by Agency Human Services 66.6% In Constant 2009 Dollars (CPI) 61.1% Elem/Sec 39.8% State Avg Higher Educ -4.0% -24.9% All Other FY02 to FY10 exclude $45 million in payments to CMS from Universities for Health Insurance Health Insurance moved from CMS (included in all other) to Human Services in FY06 and adjusted back to FY04 Source: Illinois State Budgets.

  3. Cumulative Change in State Tax Appropriation by Higher Education Sector In Constant 2009 Dollars (CPI) SURS 334.3% Community Colleges -19.5% Universities -23.1% 25.0% ISAC Due to the changes in SURS funding from General Funds to State Pension Fund (SPF) in FY05, SURS funding includes the SPF in FY05-FY09 and Pension Obligation Bonds in FY10. FY02 to FY10 exclude $45 million payment to CMS from Universities for Health Insurance. FY10 ISAC includes supplemental appropriation. Source: IBHE FY10 Budget as signed by the Governor. Inflation assumptions 2.5% for FY10.

  4. State Support Per Tuition DollarFY 1970 to FY 2011 Page 5

  5. UIC Unrestricted Funds Budget FY 2002 Revenue FY 2010 Revenue

  6. Adjusted for inflation, UIC’s unrestricted budget decreased as compared to FY2002 UIC Unrestricted Funds Budget (Constant Dollars) FY 2002 Revenue FY 2010 Revenue

  7. In nominal dollars, funding for colleges has increased, while funding for support units has decreased

  8. Adjusted for inflation, college and support unit budgets remain below their FY 2002 levels

  9. State Appropriation RevenueUnrestricted FundsBillings and Collections through November 30, 2010 In Millions $743 $743 $722 $18.6 $45.5 $697 $722 $724 $697.5 $697 $395 $205 $379.4 $265 $376 $366 $376.9 $359 $171 $130 $7 $6.6 2008 2009 2010 2011 $4.1 Rescission Appropriation FY 2010 Collected Billed Stimulus FY09 appropriation includes $18.6 million rescission. FY08-FY10 through Nov 30th. FY10 appropriation includes $45.5 million of federal stimulus funding.

  10. The State’s FY 2011 Budget Hole(in Millions of Dollars) Source: Commission on Government Forecasting & Accountability

  11. Potential Solutions to the State Budget Hole(in Millions of Dollars) Source: Civic Federation report, “A Fiscal Rehabilitation Plan for the State of Illinois”

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