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New Budget Model Provost Kent Fuchs Vice President Elmira Mangum campus wide forums D ecember 12 & 20, 2012

New Budget Model Provost Kent Fuchs Vice President Elmira Mangum campus wide forums D ecember 12 & 20, 2012. New Budget Model Principles. Consistent distribution of revenues and costs Distribute revenues to units Units pay for all the costs associated with their programs

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New Budget Model Provost Kent Fuchs Vice President Elmira Mangum campus wide forums D ecember 12 & 20, 2012

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  1. New Budget ModelProvost Kent FuchsVice President Elmira Mangumcampus wide forumsDecember 12 & 20, 2012

  2. New Budget Model Principles • Consistent distribution of revenues and costs • Distribute revenues to units • Units pay for all the costs associated with their programs • Eliminate the “General Purpose” budget • Central Costs • Expose costs • Allocate central costs to units based on cost drivers • University Support Pool (USP) • Used for initiatives and subventions • Funded by • Unrestricted central resources • Portion of Tuition from Colleges and Schools, e.g., 10%

  3. Major Categories of Revenues & Expenses to be Distributed Revenues Undergraduate Tuition and Fees Graduate Tuition and Fees New York State Appropriation Philanthropy Endowment Payout (including endowed professorships) F&A from external grants (indirect cost return) Expenses Central Administrative Costs (Allocated Costs) Central Initiatives and Subventions (USP) Undergraduate Financial Aid Graduate Financial Aid Facilities & Utilities Costs Debt

  4. Sources Units Gifts Endowment Income Sponsored / Federal Facilities & Administrative Enterprise / Other All Units Administrative Units Allocated Costs Central Unrestricted Gifts + Investment Income Provost Allocation Colleges + Academic Units Graduate Tuition / Tuition Pool Undergraduate + Professional Tuition USP True-Up Contract Colleges + Facilities State Appropriation

  5. Undergraduate Tuition & Financial Aid • All academic year undergraduate tuition revenue pooled • The pool includes a payment from the NYS Allocation (true up) • USP tax deducted from the pool • Remaining tuition pool returned to • the home college in which the student is enrolled • college where instruction occurs • Financial Aid • The undergraduate financial aid office will package students using centrally held endowments and grants to reduce the amount distributed to units. • Remaining unmet need is pooled and distributed across all colleges proportional to the tuition they receive. Colleges will be able to use their own financial aid endowments to fund costs. • Financial aid associated with on-campus Housing and Dining

  6. Graduate Tuition & Financial Aid • Graduate Tuition flows directly to Colleges/Schools • Professional student tuition subject to USP (Provost tax) • Research student tuition not subject to USP • Colleges will be responsible for tuition aid • The Graduate School will continue to provide fellowships (stipends and health insurance)

  7. State Appropriation • Equalize in-state undergraduate tuition (true-up) • Support contract colleges

  8. Facilities & Administrative Revenues(indirect cost) • Facilities and Administrative charges (F&A) on grants will primarily be distributed to the college/school expending the research dollars • 2% returned to PI • Central research costs will be distributed proportional to external research funding. Research initiative pool managed by SVPR.

  9. Allocated Central Costs • Allocated central costs will be distributed based on the following metrics (proxies for drivers of costs) • Number of graduate and professional students • Undergraduate tuition • Number of faculty • Number of staff • Research expenditures • Five-year rolling average of gifts received

  10. Central Administration Cost Allocations

  11. Allocated Central Costs

  12. Facilities & Utilities Facilities • Operations and Maintenance expenses will be distributed and paid by all units that have assigned space • Charge will reflect averaged costs for the campus based on classification of space • Public facilities will be distributed to all units Utilities • Cost will be paid directly by units

  13. Budget Model Meetings & Forums • Finance Officers • November 14 • Individual Deans & College Officers • Month of November • General Campus Wide Forums • December 12th & 20th • Utilities, Maintenance, Building Care, Debt Service • January 8th • Tuition, Enrollment, Financial Aid & State Appropriations • January 10th • Allocated Costs, Libraries, University Support Pool (USP) • January 17th • Facilities and Administrative Cost (F&A), Research • January 24th

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