Fy11 12 suny oneonta state purposes budget update
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FY11/12 SUNY Oneonta State Purposes Budget Update. Budget Advisory Committee, September 16 th , 2011. FY11/12 Budget Context: NYS Budget. FY11/12 State Budget Deficit: $10.0 billion FY11/12 State Budget cuts & other actions addressed this deficit

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FY11/12 SUNY Oneonta State Purposes Budget Update

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Fy11 12 suny oneonta state purposes budget update

FY11/12 SUNY OneontaState PurposesBudget Update

Budget Advisory Committee, September 16th, 2011


Fy11 12 budget context nys budget

FY11/12 Budget Context: NYS Budget

  • FY11/12 State Budget Deficit: $10.0 billion

    • FY11/12 State Budget cuts & other actions addressed this deficit

    • SUNY State-Ops’ net share of Executive State Budget cuts: $131.4 million

  • Current Out-year State Budget Deficit Projections (as of 6/30/11):

    • FY12/13: $2.4 billion

    • FY13/14: $2.8 billion

    • FY14/15: $4.6 billion

BAC Budget Update


Out year budget context

Out-year Budget Context

  • SUNY 2020 may help limit the severity of cuts over the next 4 years

    • Included in the legislation: “The State would be required to appropriate… General Fund operating support in an amount no less than provided in the prior State Fiscal Year, except that if the Governor declares a fiscal emergency…”

    • Inflationary costs can still have an impact – lack of funding to cover inflation has the same effect as a funding cut

    • Funding reductions may still come from within SUNY:

      • changes in Resource Allocation Method

      • funding for SUNY Strategic Plan

  • State tax revenues for April – June 2011 were up relative to last year, with NYS near the top with a gain over last year of $2.3 billion (21%)

BAC Budget Update


Fy11 12 financial plan v estimated need

FY11/12 Financial Plan v. Estimated Need

  • FY11/12 State Financial Plan Funding, including $300 tuition increase:

    • $12.8m State Support

    • $32.0m Tuition and other related revenue

    • ($0.4m) Tuition Credit funding

  • FY11/12 Projected Campus Need:

    • $45.0m Adjusted FY10/11 State Financial Plan

    • $0.4m salary inflation

  • FY11/12 Net Budget Gap

  • Net losses over the last four years

  • $44.4m

  • ($45.4m)

  • ($1.0m)

  • ($8.7m)

BAC Budget Update


Closing the budget gap campus actions

Closing the Budget Gap: Campus Actions

  • ($1.0m) FY11/12 Budget Gap

  • $3.4m in savings & revenue actions

    • Salary & Other Savings, $2.5m, July 2010 - present

      • Savings from turnover, Early Retirements, Administrative Restructuring

      • Net reduction of approximately 19.5 vacant positions

    • Increased Tuition Revenue, $0.3m

      • FY10/11 enrollment growth

      • Residential v. Non-Residential (including International) Mix

    • Student Fee Revenue, $0.2m

      • enrollment growth, inflation-indexed fee increases (per SUNY guidelines)

      • Summer Session Technology Fee

    • Room Rate Increases, $0.4m

BAC Budget Update


Fy11 12 suny oneonta state purposes budget update

BAC Budget Update


Fy11 12 suny oneonta state purposes budget update

BAC Budget Update


Fy11 12 suny oneonta state purposes budget update

BAC Budget Update


Fy11 12 suny oneonta state purposes budget update

BAC Budget Update


Fy11 12 suny oneonta state purposes budget update

BAC Budget Update


Fy11 12 suny oneonta state purposes budget update

BAC Budget Update


Fy11 12 suny oneonta state purposes budget update

BAC Budget Update


Fy11 12 suny oneonta state purposes budget update

BAC Budget Update


Looking ahead

Looking ahead…

  • $2.4m savings banked for FY12/13

  • We do not anticipate another ERI Program.

  • Utilize campus reserves to smooth over the bumps

  • Work with campus community to identify additional savings and/or revenue opportunities

  • Continue to invest in strategic priorities

  • Develop formal means to prioritize budget allocation that is strategic, transparent, and inclusive.

BAC Budget Update


Questions

Questions?

BAC Budget Update


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