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2007-08 Budget Summary

2007-08 Budget Summary. Interim Commissioner David L. Buhler Presented to the Higher Education Appropriation Subcommittee January 16, 2008. 2007-08 Budget Summary. Ongoing Base Budget (Prior to 2007 General Session) $650,545,600 Tax Funds $ 353,134,600 Tuition

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2007-08 Budget Summary

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  1. 2007-08 Budget Summary Interim Commissioner David L. Buhler Presented to the Higher Education Appropriation Subcommittee January 16, 2008

  2. 2007-08 Budget Summary • Ongoing Base Budget (Prior to 2007 General Session) • $650,545,600 Tax Funds • $ 353,134,600 Tuition • 2007 General Session Tax Funds Increases • $82,120,600 or 12.6% Increase - Ongoing • $10,822,900 or 1.7% Increase - One-time • 2007-08 Ongoing Operating Budget • $732,421,200 Tax Funds • $371,432,700 Tuition Funds

  3. 2007-08 Budget Summary • UCAT 2007-08 Tax Fund Increases • $5,778,100 or 11.9% Increase – Ongoing • $645,100 or 1.3% Increase – One-time • UEN 2007-08 Tax Fund Increases • $2,487,800 or 14.2% Increase – Ongoing • $1,345,000 or 7.7% Increase – One-time • Medical Education Council Increases • $88,900 or 24.4% Increase – Ongoing

  4. 2007-08 Base Budget Allocation

  5. University of Utah $20,353,400 (8.7%) Utah State University $14,494,600 (10.3%) Weber State University $5,927,900 (9.5%) Southern Utah University $3,464,400 (11.7%) Snow College $3,395,500 (18.2%) Dixie State College$3,066,800 (16.2%) College of Eastern Utah* $3,809,000 (27.1%) *$1.3m of the increase transferred from UCAT Utah Valley State College $12,706,200 (24.9%) Salt Lake Community College $5,739,600 (9.4%) USHE Institution SummaryFY 2008 Ongoing Increases

  6. USHE Institution SummaryFY 2008 Ongoing Increases 27.1% *CEU received $1.3 m in ongoing tax funds as a result of the SEATC merger

  7. 2007-08 Ongoing Increases • Compensation $35,350,600 • Compensation Package $30,009,300 • 75/25 Split $ 5,341,300 • 2007-08 Tuition Increases • Average tuition increase 6.6% • First-tier tuition increase 4% • Average second-tier increase 2.6%

  8. 2007-08 Impact on Tuition Rates

  9. 2007-08 Ongoing Increases • Mandated Costs $11,169,700 • Fuel and Power $7,493,800 • O&M $2,775,900 • IT Software Licensing $ 900,000

  10. 2007-08 Ongoing Increases • Participation Rate Increases $2,458,800 • Student Aid Federal Match $ 210,300 • Need-based Aid (UCOPE) $2,000,000 • New Century Scholarship $ 437,500 • TH Bell Scholarships $1,200,000 • Workforce Development $3,500,000 • Engineering Initiative $3,000,000 • Nursing Initiative $ 500,000

  11. USHE Engineering InitiativeFY 2008 Institutional Increases

  12. 2007-08 Ongoing Increases • Institutional Priorities $15,500,000 • SB 90 $7,500,000 SB 90, Higher Education Enhancements, Senator B. Hickman, appropriated $7.5 million to eight of the ten USHE institution to address specific institutional priorities • SB 70 $8,000,000 SB 70, Utah Valley University Name Change, Senator J. Valentine, appropriated $8.0 million to UVSC for University Status

  13. SB 90 Higher Education EnhancementsFY 2008 Appropriation Summary

  14. 2007-08 Ongoing Increases • USHE Partnerships $8,607,400 • HB 150 New Fiscal Year Supplemental Appropriations Act $3,107,400 • HB 185 S1 Higher Education Partnerships Appropriation $4,789,200 • SB 53 Higher Education Engineering Partnership $710,800

  15. USHE PartnershipsFY 2008 Appropriation Summary • HB 150 – New Fiscal Year Supplemental Appropriations Act • University of Utah and Dixie State College: Master’s Degree Programs of Business, Special Education, Health and Nursing: $1,000,000 • Southern Utah University and Dixie State College –Regional programs: $850,00 • Utah Valley State College and Salt Lake Community College: Biotechnology Degree (two and four-year programs): $1,257,400

  16. USHE PartnershipsFY 2008 Appropriation Summary • HB 185 S1 Higher Education Partnerships • Utah State University and the College of Eastern Utah: Four-year degree programs: $1,000,000 • Utah State University and Snow College: Four-year degree programs: $1,000,000 • USU Regional Campuses in Uintah Basin, Brigham City, and Tooele: $2,789,200

  17. USHE PartnershipsFY 2008 Appropriation Summary • SB53 Higher Education Engineering Partnership • Weber State University and Utah State University: Engineering Training programs for Hill Air Force Base • Utah State University received $405,200 ongoing and $765,200 in one-time funds • Weber State University received $305,600 ongoing and $100,200 in one-time funds

  18. 2007-08 Ongoing Increases • Other Increases $2,046,500 • Hearing Impaired Translators $1,000,000 • Academic Library Consortium $ 300,000 • UU Seismic Monitoring* $ 327,000 • UU Commission on Aging* $ 174,500 • USU/UEN Transfer* $ 245,000 * Initiatives of the Legislature, not in the Regents’ Budget Request

  19. 2007-08 One-time Funds • Mandated Costs • IT Hardware/Software $3,000,000 • O&M and Facilities ($3,032,900) • Need-based Financial Aid • UCOPE $2,000,000

  20. 2007-08 One-time Funds • Workforce Development • Engineering Initiative $2,000,000 • Statewide Projects $950,000 • Background Checks* $250,000 • State Scholar Initiative $500,000 • Regents’ Study Initiative $200,000 • Teacher Shortage • USHE Task Force Studies * Initiatives of the Legislature, not in the Regents’ Budget Request

  21. 2007-08 One-time Funds • Institutional One-time Funds $5,865,900 • UU Seismic Monitoring* $ 720,000 • UU KUED* $1,500,000 • UU Commission on Aging* $ 5,900 • USU/WSU Partnership $ 865,000 • USU Botanical Gardens* $ 950,000 • USU Open Courseware* $ 200,000 • SUU Shakespeare in Schools* $ 50,000 * Initiatives of the Legislature, not in the Regents’ Budget Request

  22. 2007-08 One-time Funds • Institutional One-time Funds (continued) • DSC Kanab Campus Study* $ 50,000 • CEU San Juan Campus* $ 25,000 • UVSC High Tech Partnership* $ 500,000 • SLCC Health Science Equipment* $1,000,000 * Initiatives of the Legislature, not in the Regents’ Budget Request

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