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Budget

Budget. 2009-10 Budget Forum. Charles W. Sorensen Chancellor University of Wisconsin -Stout. Today’s Agenda. Definitions Three Cuts Guidelines for Handling Reductions Draft Model for Distributing Reductions Questions / Comments. Definitions.

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Budget

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  1. Budget

  2. 2009-10 Budget Forum Charles W. Sorensen Chancellor University of Wisconsin -Stout

  3. Today’s Agenda • Definitions • Three Cuts • Guidelines for Handling Reductions • Draft Model for Distributing Reductions • Questions / Comments

  4. Definitions • Some cuts are “Base” and others are “Lapses”: • Base Cut – Permanent reduction. Anticipate that funding will be cut once and lost dollars are never restored. • Lapse – Temporary reduction. Anticipate that funding will be cut for a specified period of time, and then lost dollars will be restored.

  5. DefinitionsMajor Funds • 102 – General Program Operations State funded - primary source of funds is tax revenue and tuition. • 128 – AuxiliarySelf-supporting revenue and expenditure activities. Required to meet operating expenses through self-generated revenue • Examples: Housing, Dining, Study Abroad, Special Course Fees

  6. DefinitionsMajor Funds • 131 – Academic Student Fees Proceeds are deposited from collection of academic student fees. Examples include: • Access to Learning • Customized Instruction • 136 – Other Operating Receipts Revenue and expenditure activities not directly related to the costs of providing goods and services. Examples include: camps, conferences, e-Scholar program

  7. Three Cuts

  8. Three CutsSystem Level - $174 Million • Operations Budget Reduction - Reduces state tax support by $100 million over next two years • Mixed cut – both lapse and base • 1% across-the-board cut for non-federal funds for all state agencies • $49 million for UW System • This is a base cut • Auxiliary Transfer to Financial Aid - $25 million

  9. Three CutsStout Level - $4.3 Million • Operations Budget Reduction • $2,450,500 • 1% across-the-board cut for non-federal funds for all state agencies • $754,409 • Auxiliary Transfer to Financial Aid – $25 million • $1, 142,250

  10. Three CutsStout in Good Shape Compared to Other UWs • Managed enrollment growth • Wisely continued with filling critical positions • Substantial growth in Customized Instruction students • Continued academic program planning • Authorized differential tuition, Access to Learning, to supplement instruction • E-Scholar laptop program

  11. Principles and Guidelines

  12. Principles and Guidelines • Continuing commitment to the strategic plan and university priorities. • Budget reductions shared broadly across the university. • Flexibility for Division & unit administrators

  13. Principles and Guidelines • UW-Stout values its employees and will abide by contracts, policies and procedures. • All recommendations that maintain student-centered education and focus on Stout’s mission considered. • Budget reductions need to be proportional

  14. Resource Principles • Identify budget priorities using participatory processes, guided by the mission statement and strategic planning. • Fund activities that are central to the mission, add value, or are required. • Protect the integrity of the undergraduate and graduate mission. • Protect the integrity of services supporting the central university mission

  15. Resource Principles • Maintain flexibility at all levels of the organization. • Reallocate resources and redesign functions to provide funding for high priority strategic initiatives.

  16. Resource Principles • Ensure near-term allocations decisions complement longer term planning. • Manage operations within allocated resources. • Make informed budget decisions through the use of data, analyses and projections.

  17. Draft Model for Distributing Reductions

  18. ModelCut #1: Operations Budget Reduction • Three sources of funds: • Regular Tuition Revenue • $800,000 • Customized Instruction Revenue • $1.2 M • Distribution to Divisions/Colleges/Facilities Maintenance • $450,000

  19. ModelCut #1: Operations Budget Reduction • Other options: • Change the mix between categories: • Regular Tuition Revenue$0-$800,000 • Customized Instruction Revenue $0-$2,450,500 • Distribution to Divisions/Colleges/Facilities Maintenance $0-$2,450,500

  20. ModelCut #2: 1% ATB Cut for Non-Federal Funds • Distribution to Divisions/Colleges/ Facilities Maint - $318,118 • Student Aid - $1,998 • Laboratories - $1,959 • Educational Technology - $1,581 • Grants for Study Abroad - $660 • Minority and Disadvantaged Program - $4,584 • Advanced Opportunity Program - $1,737 • Auxiliary - $278,464 • Stores - $337 • Other Operating Receipts $122,003

  21. ModelCut #3: Auxiliary Transfer to Financial Aid • Proportionate reduction across 128 accounts, excluding segregated fee operations: • Chancellor’s office • $117,717 • Academic and Student Affairs • $398 • Administrative and Student Life Services • $1,024,135

  22. Questions?Comments?Discussion

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