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UNCW FY 2014-2015 Budget Update Presentation to the Board of Trustees

This presentation details the University of North Carolina Wilmington's projected tuition revenues for FY 2013-14 and outlines potential legislative reductions impacting FY 2014-15. It mentions a significant discrepancy in out-of-state student enrollment and the resultant effect on budget projections. Key highlights include original tuition revenue projections and strategic directions for budget reductions totaling over $3.9 million for the 2013-14 fiscal year, as well as a comprehensive reduction plan in response to state budget cuts.

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UNCW FY 2014-2015 Budget Update Presentation to the Board of Trustees

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  1. UNCW Budget UpdateFY2014 and 2015 Presentation to the Board of Trustees Business Affairs Committee April 3, 2014

  2. FY 2013-14 Projected Tuition Revenue(Regular Term + Distance Education)

  3. FY 2013-14 Projected Tuition Revenue(RN to BSN Program) • Original projections were 90% in-state / 10% out-state • Overall headcount & SCHs are above projections through AP3 • Year-end revenues projected to be right at budget due to lower out-state students

  4. FY 2014-15 UNCW Potential Legislative Reductions • SL 2013-360 (FY 2013-15 Biennial Budget) • Year 1 reductions (2013-14): • Strategic Directions: $1,118,627 • Management Flexibility: $2,751,507 • Total: $3,940,134 • Year 2 additional reductions (2014-15): • Strategic Directions: $528,963 • Management Flexibility: $326,363 • Total: $855,326 • FY 2014-15 Supplemental Budget • OSBM memorandum dated December 12, 2013 • 2% reduction plan based on UNCW’s FY 14-15 certified appropriation • $2,021,954 reduction • Campus will develop a $3.0 million reduction plan ($855,326 + $2,021,954)

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