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Campus Conversation with SPEEC and PASC February 23, 24, & 25, 2009

Campus Conversation with SPEEC and PASC February 23, 24, & 25, 2009. State of Colorado General Fund Revenue. 5.2% -22.6%. 30% -5.8%. 61.6% -5.8%. Figures in millions. Positive percentage is a percent of total fund. Negative percentage is a percent change compared to FY07-08.

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Campus Conversation with SPEEC and PASC February 23, 24, & 25, 2009

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  1. Campus Conversation with SPEEC and PASCFebruary 23, 24, & 25, 2009

  2. State of Colorado General Fund Revenue 5.2% -22.6% 30% -5.8% 61.6% -5.8% Figures in millions. Positive percentage is a percent of total fund. Negative percentage is a percent change compared to FY07-08.

  3. Summary of FY10 Governor’s Recommendation • Part A $ 52.5M Total to Reduction FY09 Appropriation • Part B $ 38.5M Elimination of Governor’s Proposed Increases to Higher Education FY10 • Part C $ 9.0M State Aid to Students (COF not included) Total $100.0M

  4. American Recovery & Reinvestment Act of 2009 “Economic Stimulus Package $787B” Impact to Colorado • Jobs • Unemployment-insurance • Tax Relief • Transportation • Education* • Housing • Energy • Water • Law Enforcement • Social Services Gov. Ritter Established Colorado Economic Recovery Accountability Board. http://www.colorado.gov/recovery *Includes State Fiscal Stabilization Fund

  5. Cuts by Institution

  6. UNC Budget Information There is an estimated $8.2M in support by the UNC Foundation.

  7. State Funds-Proposals FY09 General Fund $44,086,311 $(1,660,538) $42,425,773 (3.77% reduction) FY10 General Fund $44,086,311 $(2,907,645) $41,178,666 (6.60% reduction) General Fund for FY02 was $42,352,302 General Fund for FY04, 05 & 06 was $33,590,909

  8. FY09 Reduction Strategies • Governor’s Recommended Reduction in State Support ($1,660,538) • Tentative Action • Contingency (available because enrollment numbers were better than anticipated) $ 800,000 • FY08 Roll Forward Dollars $1,640,000 (held back for contingency) • Energy Costs (one-time savings because $1,000,000 natural gas prices were not as high as expected) Subtotal $3,440,000 • FY09 Roll Forward Dollars $1,779,462 (available for FY10)

  9. UNC’s Approach I. Invest in university priorities and maximize revenues. II. Manage expenses. III. Establish and implement a value- driven tuition and fees model.

  10. Notable Dates • March 13 Board of Trustee Meeting: 5-Year Pricing Plan Discussion • March 20 State Revenue Forecast Released • March 23 Long Bill Introduced to State Legislature by JBC • April 10 Long Bill Passed by State Legislature • May 6 Last Day of State Legislature • June 12 Board of Trustees: Approval of FY09/10 Budget

  11. Financial Matters Information A new webpage has been created to inform the campus on financial matters and includes a Frequently Asked Questions page (FAQ) to ensure that the most accurate up-to-date information is available for employees. http://www.unco.edu/finadmin/FAQs.htm

  12. Questions

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