Faculty Senate Budget Committee October 19, 2006

1
Faculty Senate Budget Committee October 19, 2006

• Sheri Austin
• Marie Zeglen

2
Topics Today

• The Budget as we Know it Today
• Budget Cycle
• Enrollments and Funding
• Your Data and How it Affects the Future
• Budget Allocation Models

3
University of Florida Funding Sources
State Appropriations 921.0M Other
1,691.0M Total University Funds
2,612.0M
4
State Appropriations

• State Operating Budget 812.6M
• 2005-06 Recurring Base Budget 763.9M
• Enrollment Growth 7.7M
• General Revenue/Lottery 4.8M
  
• Tuition 2.9M
• Tuition Increases 8.3M
• Special Legislative Appropriations 32.7M
• Recurring Funds 23.6M
• Non-Recurring Funds 9.1M

5
PECO and Courtelis Funding

• PECO 97.0M
• Courtelis Matching 11.7M
• Total
  108.7M

6
Other

• Contracts and Grants 671M
• Auxiliary Funds 265M
• Faculty Practice 339M
• Local Funds 390M
• Other 25M
• ________________________________
• TOTAL 1,691M

7
Special Legislative Appropriations

• 2006-07 Across-the-Board Salary Increases
  13.5M
• 2006-07 Health Insurance Increase (eff.
  4/1/2007) 1.5M
• 2006-07 Retirement Rate Increase (eff. 7/1/2006)
  5.7M
• Specials 19.0M
• BOG Approved 11.7M
• Legislative
  7.3M
• Cost-to-continue 3.5M
• 2005-06 Base Salary Increase 1.6M
• 2005-06 Base Health Insurance 1.9M
• __________________________________________________
  __________
• TOTAL 43.2M

8
Discretionary Income Distribution
1.5 Faculty Staff Merit Increases
7.5M New Dean Commitments 1.1M Graduate
Programs 6.5M Grant Matching
Commitments 0.6M Student Affair 0.2M Human
Resources 0.4M
9
Discretionary Income Distribution(continued)
Libraries 1.0M Provost Office/University
Commitments 1.3M Employee Development
Programs 1.4M Emerging Pathogens
Program 2.0M Additional Funding for Program
Review Issues 2.6M Additional Student Support in
HSC Colleges 1.7M _______________________________
________________ Total Distribution
26.3M
10
Graduate Waiver vs Tuition Fees Profile
2005-2006
In Millions of Dollars
Total Billable 83.5M Net Income 36.3M
11
Graduate Student Tuition Waivers 2005-2006

• In-State 27
• Out-of-State 73

12
AAU Publics 2005-06 Tuition and Fees
Undergraduate FTEs based on 30 credits and
Graduate FTEs based on 24 credits
13
AAU Publics 2005-06 Tuition and Fees
Undergraduate FTEs based on 30 credits and
Graduate FTEs based on 24 credits
14
UF Budget Cycle
2006 2007 Nov Dec Jan Feb Mar Apr May Jun
e Jul Aug
Budget Hearing
New Funds BudgetAllocation
LBR 08/09
Enrollment Projections 08/09
FinalBudgetLoad
CollegeRequests07/08
Begin Base Budget Load PeopleSoft
Local Fee IncreaseRequestBOT
15
State Budget Cycle
2006 2007 2008 Nov Dec Jan Feb Mar Apr
May June Jul Aug Sep Oct Nov Dec
Jan Feb Mar Apr May
LBR Enrollment Plan SCDF(Salary file)
BOGLBR toGovernor
Legislative GovernmentBudget Disc/Session
LBR 08/09
Enrollment Projections 08/09
FinalBudget Approval
BOGLBRDiscussion Approval
16
UF Summer Budget Cycle
2006 2007 Oct Nov Dec Jan Feb Mar April May
HireFaculty
Define Targets and Budgets
ClassesBegin
StudentsStartRegistration
Analysis ofPrior Summer Data and Expenditures
Adjust and Finalize Schedules
CollegesPublishDraftCurriculum
17
Enrollment and Funding Challenges

• Meeting Board Funding Targets
• Undergraduate education
• Graduate education
• Masters Grad I
• Doctoral Grad II
• Professional education
• Staying within the 5 Corridor

18
UF Enrollment 2000-01 to 2005-06
19
UF Enrollment 2000-01 to 2005-06
20
Board Funded Enrollment Targets for FTE Growth
21
Board Funded Enrollment Targets for Headcount
Growth in Medical Programs
22
Funding in 2006-07 for Growth FTE and Headcount
23
The 5 Corridor

• Board of Governors allows us to juggle our FTEs
  to stay within 5 of each target by level
• Only upper division, Grad I and Grad II can be
  traded
• So, if 2 above in upper division, can move some
  of the FTEs to cover a deficit in Graduate I
• Not a one-for-one swap adding enough FTE to
  cover the dollars per FTE for the area which has
  fallen below corridor
• Impacts future funded FTE expectations

24
Questions?