Purpose of the Budget Formula - PowerPoint PPT Presentation

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Purpose of the Budget Formula

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  1. Purpose of the Budget Formula • To provide simple, reasonable, and fair distribution of a base budget to all Angelo State University divisions. • To provide a pool of funds that could be distributed to the Institutional Priorities. • To create a mechanism to help manage the limited resources available to Angelo State University

  2. The formula does not attempt to allocate I.E., D.E., or other fee/restricted based funds • The formula does not allocate funds to the various accounts (still need to use SPOL) • It doesn’t care about pet projects, political maneuvering, or passionate pleas (equalizes) • The formula does not control the budget process. It is just a tool that helps. What the Budget Formula Doesn’t do:

  3. University Priorities Budget Enhancement Decisions (V.P.s) Dept. & Division Strategic Planning Total Budgets for Division/Area Prior Year Budget +/- Depending on Funding The Historical Process

  4. Making Some Changes Valid & Reliable Assessment Data U.A.S.P. Budget Enhancement Decisions (V.P.s) Dept. & Division Strategic Planning University Priorities Institutional Strategic Priorities Base Budget is Calculated by Formula Vice Presidents Review Formula Variables and Data Institutional Support Costs are Determined Total Budgets for Division/Area

  5. Looking at the Formula

  6. Budget driven by SCH generation. (Required Faculty FTE x Weighted Average Faculty Salary & Benefits) + M&O Allocation Required Faculty FTE = SCH / (Req.Class.Size x Req.Teach.Load) Academic / Instructional M&O Allocation = Required Faculty FTE x M&O Support (TBD)

  7. Line item funded by THECB funding formula E&G Authorized Square Feet x THECB Allotment Facilities / Infrastructure Provides funding for maintenance of existing E&G facilities only Does not cover utilities, construction, or non-E&G support

  8. Driven by Administrative Focus, Strategic Initiatives, Executive Edict. Salaries & Benefits + (Employee.FTE x M&O Allocation) Administrative / Support Uses national or other defined benchmarks to set per FTE allocation