FY 2005 Budget Process

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• FY 2005 Budget Process

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FY 2005 Budget Process

• MUW believes that its budgeting should always be
  preceded by sound educational planning. PIE
  Council is responsible for monitoring the
  planning/budgeting process and for ensuring that
  evaluation of this process occurs regularly.
• MUW Comprehensive Planning, Evaluation and
  Budgeting Guide, p.12

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Budgeting Phase University Budgeting Priorities

• March 26 PIE Council met to make
  recommendations.
• Finalized by President and announced to campus on
  April 2.

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Strategic Planning CalendarBudgeting Phase
April - July

• Closing the Phase
• Reviewing the Process
• Suggestions for Improvement

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FY 2005 University Budgeting Priorities

• Increase enrollment and retention
• Pursue options for increasing faculty and staff
  salaries
• Review, evaluate, and refine academic program
  offerings
• Improve campus communication
• Improve campus technology
• Implement alternative delivery methods for
  current programs and services

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FY 2005 Budget Process

• April
• Unit managers prepared budget requests, tying
  requests for new funds to University Priorities.
• Requests were to express departmental objectives,
  and the resources necessary to meet those
  objectives. Redistribution of current resources
  could be requested.
• Budget hearings with supervising Presidents
  cabinet member.

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FY 2005 Budget Process

• May
• Appropriations bill sent to Governor May11.
• Presidents Cabinet reviewed and discussed all FY
  2005 budget requests. Requests for new funds
  gt1,000,000 over FY 2004 budget.
• IHL Board approved allocation of appropriations
  May 20. MUWs FY 2005 allocation 150,000 more
  than FY 2004.

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FY 2005 Budget Process

• June
• In addition to reviewing budget requests,
  Presidents Cabinet looked at funds needed for
  continuation.
• Employee health insurance not covered by State gt
  80,000
• Increases in tort liability, unemployment and
  workers compensation insurance gt80,000
• Loss of local appropriations gt 80,000
• Ongoing operational costs not built into FY 2004
  budget.

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FY 2005 Budget Process

• June (continued)
• IHL Budget, Finance Audit Committee met June 7
  to discuss proposed tuition, room board
  increases. MUW proposed a 6 tuition increase.
• Summary of Proposed Operating Budget submitted
  June 7 based on 6 tuition increase, estimated
  2 enrollment increase.
• IHL Board approved operating budget and 6
  tuition increase at June 17th. Board meeting.

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FY 2005 Budget ProcessCompleting the Circle

• June 29 30 - Presidents Cabinet members meet
  with unit managers to review FY 2005 budget and
  budget process.
• July 8 Open campus meeting.

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FY 2005 Resources Available
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FY 2005 Use of Resources
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FY 2005 Budget Process

• Internal reallocation of funds include
• 130,000 from (former) athletic funds to expanded
  recreation, fitness and intramurals programming
• 28,000 staff raises

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FY 2006 Budget Process Starting the Circle
Again

• June 17 IHL Board approved proposed system
  budget priorities for the FY 2006 appropriation
  request.
• July 15 IHL Board will approve the FY 2006
  appropriations request to go to the legislature.
• July 31 FY 2006 MBRs due to Legislative Budget
  Office.

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IHL FY 2006 Funding Priorities

• Stable funding (continuation of budget
  contingency funds)
• Multi-year salary increases
• Funding to cover the increased cost of doing
  business
• Funding for enrollment increases

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Importance of Enrollment

• New IHL funding formula is enrollment based.
• Impact of each new FTE student from
• tuition and auxiliaries net 3,609.
• Each 1 raise for faculty staff 173,966.
• If each faculty staff produced 1 new student
  FTE - impact on campus would be 1,350,000.

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Questions?