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Summary of 2015-2017 Operating and Capital Biennial Budget

Summary of 2015-2017 Operating and Capital Biennial Budget. USI Board of Trustees Presentation May 1 , 2015. 2015-2017 PERFORMANCE FUNDING FORMULA. Performance Funding of Total Operating. 2015-2017 PERFORMANCE FUNDING FORMULA SUMMARY. 2015-2017 PERFORMANCE FORMULA FUNDING.

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Summary of 2015-2017 Operating and Capital Biennial Budget

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  1. Summary of 2015-2017 Operating and Capital Biennial Budget USI Board of Trustees Presentation May 1, 2015

  2. 2015-2017 PERFORMANCE FUNDING FORMULA Performance Funding of Total Operating

  3. 2015-2017 PERFORMANCE FUNDING FORMULA SUMMARY

  4. 2015-2017 PERFORMANCE FORMULA FUNDING USI Operating Base Reduction to Fund Performance Funding Formulas $1,045,398 in FY 2016 $1,424,840 in FY 2017

  5. OPERATING APPROPRIATION 2014-2015 Base Appropriation: $44,146,854 2015-2016 Base Appropriation: $44,393,481 2016-2017 Base Appropriation: $44,858,559 USI’s Operating Appropriation Increase Over FY 2015 Base $246,627 – 0.6% in FY 2016 $711,705 – 1.6% in FY 2017 Net of Base Reductions

  6. LINE ITEM APPROPRIATIONS Historic New Harmony No Increase in Operating Base Appropriation 2015-2017 $486,878

  7. LINE ITEM APPROPRIATIONS Dual Credit Enrollment Line Item Appropriation to Fund Dual Credit Priority Courses Taught in High Schools at $50 Per Credit Hour 2015-2016 $320,450 2016-2017 $320,450

  8. CAPITAL APPROPRIATION • Classroom Renovation/Expansion Project – Health Professions Center • $8 million in bonding authorization in FY17 • Academic Health Science Complex with the IU School of Medicine in downtown Evansville • $6 million cash funding for project

  9. CAPITAL APPROPRIATION General Repair and Rehabilitation Appropriation FY 2016 and FY 2017 $1,997,500

  10. OTHER LEGISLATION • Return and Complete Initiative • Funding for 21st Century Scholars Program • Student Loan Disclosure • Higher Education Financial Assistance for National Guard Scholarships • Various Pension Matters Related to PERF

  11. NEXT STEPS • Governor to sign HB 1001 • CHE to recommend tuition targets • Institutions required to hold tuition hearing within 30 days of when CHE establishes targets • Institutions required to set two-year tuition rates within 60 days of when budget is enacted

  12. Questions?

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