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University of Illinois at Chicago FY 2012 Budget Update

This presentation outlines the fiscal plan for the University of Illinois at Chicago for FY 2012, highlighting critical budgetary changes. Key points include an $8 million cut from the General Revenue Fund, a 6.9% increase in tuition, and strategic investments in faculty hiring, diversity initiatives, and campus improvements. The presentation also addresses the impact of federal stimulus funding, state appropriations, and budget management strategies for optimizing resources in light of funding challenges.

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University of Illinois at Chicago FY 2012 Budget Update

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  1. University of Illinois at ChicagoFY 2012 Budget Update Presentation for APAC August 10, 2011 Frank Goldberg…Vice Provost for Resource Planning & Mgmt Todd Van Neck…Director of Budgeting & Pgm Analysis

  2. State Appropriation RevenueUnrestricted FundsLapse Period Billings and Collections through August 8, 2011 In Millions $743 $18.6 $743.4 $743.3 $724 $721 $722 $722 $45.5 $45.5 $697 $696.7 $52 $133.6 $722 $609.7 $724 $724 $722 $721 $45.5 $697 $697.9 $696.7 $697.8 $313 $672 $564.2 $383.7 2008 2009 2010 2011 Rescission Appropriation Collected Billed Stimulus FY09 appropriation includes $18.6 million rescission. FY08 as of July 31st. FY10 appropriation includes $45.5 million of federal stimulus funding.

  3. State Appropriation RevenueUnrestricted FundsBillings and Collections through August 8, 2011 In Millions $743 $743 $722 $18.6 $45.5 $697 $689 $724 $722 $697.5 $697 $689 $5 $55 $49 $53 $42 $49 $47 $53 $55 2008 2009 2010 2012 2011 Rescission Stimulus Collected Billed Appropriation FY09 appropriation includes $18.6 million rescission. FY08 & FY09 as of July 31st. FY10 appropriation includes $45.5 million of federal stimulus funding and assumes restoration of FY09 rescission.

  4. FY 2012 Budget Planning Outcomes • $8 million GRF cut to University • 3% general salary program, no furlough days • 6.9% general tuition increase • 4.7% reallocation, to cover… • UIC’s share of GRF cut • campus costs (financial aid, R&R) • strategic investments

  5. Strategic Investments – FY 2012 • Faculty cluster hire program…..…$2.5M • Office of Diversity……………………..$0.5M • Undergraduate Advising………..….$1.0M • Data security…………………………..…$0.6M • Improving campus appearance.…$1.0M • Records management………………..$0.2M • Facility repair & renovation………..$2.0M

  6. Actual and Projected Number of Illinois Public High School Graduates Source: U.S. Department of Education, Projections of Education Statistics to 2019

  7. Other initiatives • Student recruitment • Inter-group dialogue for incoming freshmen • E-Learning • Space economy • Telecom rates

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