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Budget & Finance Committee Tico Perez, Chair March 24, 2011 flbog

Budget & Finance Committee Tico Perez, Chair March 24, 2011 www.flbog.edu. Budget & Finance Committee Meeting. Met February 10 Each university presented their fee proposal 6 universities requested 1 new fee 1 university requested 2 new fees

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Budget & Finance Committee Tico Perez, Chair March 24, 2011 flbog

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  1. Budget & Finance Committee Tico Perez, Chair March 24, 2011 www.flbog.edu

  2. Budget & Finance Committee Meeting • Met February 10 • Each university presented their fee proposal • 6 universities requested 1 new fee • 1 university requested 2 new fees • 1 university requested an increase to an existing fee that has a statutory cap • The Committee is prepared to make a recommendation on each fee proposal

  3. Tuition, Fees & Housing Projections • 4 year projections were requested • Non-binding proposals • All universities propose 15% tuition differential increase for fall 2011 • All propose increases to existing fees • Proposed tuition differential and fee increase would add $483- $631 for 30 credit hours • New fees would add an additional $30-$143 for 30 credit hours

  4. State University System Undergraduate Tuition & Fees $1,500 (40%) increase since 2007-08 Based on 30 student credit hours.

  5. Undergraduate Tuition & Fees by State for 2010-11 Florida remains 48th The national average increased 8.3 % and Florida increased 11.5% from last year. $7,605 $4,886 College Board, Trends in College Pricing, 2010

  6. Undergraduate Tuition & Fees SUS Compared to U.S. Average for 2010-2011 SUS average 64% of US average. U.S. Average from The College Board, Annual Survey of Colleges. No breakout is provided between tuition and fees.

  7. Current Fees • All universities: • Athletic • Health • Activity & Service • Technology (no more than 5% of tuition) • Financial Aid (no more than 5% of tuition) • Capital Improvement / Building (capped @ $4.76) • 10 universities: • Transportation Access (no limit) • 2 universities have a unique fee: • USF Marshall Center fee • FSU Student Affairs Facility Use fee Increase limited to 5% or equivalent to the percentage increase in base tuition, whichever is higher.

  8. New Fees – Regulation 7.003 • Fee proposals to include: • purpose of the fee • demonstrable student-based need that is not being met through another service or fee • process used to assure student input • financial impact on students • accountability measures • proposed restrictions or limitations placed on the fee • estimated revenue and proposed expenditures

  9. New Fees – Regulation 7.003 – con’t • Implemented in the fall term • Fee committee created • Revenue cannot be transferred to an auxiliary enterprise or DSO and cannot be used to secure debt • Every 5 years the Board of Trustees (BOT) shall review the fee • Fee decreases or continuation of the fee delegated to the BOT; increases must come back to the Board of Governors

  10. Board Appeal Process • If a proposal is denied by the full Board today: • Board of Trustees, within 5 days (March 29), may request reconsideration by our Appeals Committee • Appeals Committee will meet within 10 days (April 4) to consider a Board of Trustees appeal

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