1 / 23

5-Year Budget Outlook

Postsecondary Education Review Commission Impact of Shifting Enrollments on Resources in Louisiana September 29, 2009. 5-Year Budget Outlook. 1.9. 1.9. .9. 10.7. 10.5. 9.4. 9.1. 8.1. 9.4. 8.1. 8.2. 8.5. 8.8. 2. Source: Louisiana Division of Administration.

saddam
Télécharger la présentation

5-Year Budget Outlook

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Postsecondary Education Review CommissionImpact of Shifting Enrollments on Resources in Louisiana September 29, 2009

  2. 5-Year Budget Outlook 1.9 1.9 .9 10.7 10.5 9.4 9.1 8.1 9.4 8.1 8.2 8.5 8.8 2 Source: Louisiana Division of Administration

  3. Postsecondary Education “Budget” Outlook and Issues • FY2009-10, the current year • Effective reduction of $120+ million in direct operational funding between State fund reductions and federal stimulus replacement, an 8.7% effective reduction in “State” support but only a 3.3% reduction in overall support • FY2010-11, next fiscal year • Uncertainty of outlook • Recent communication from the Administration to the Postsecondary Education Review Commission projecting a minimum $146 million additional funding reduction • FY2011-12, the following fiscal year • Projected “big budget problem”, a State budget shortfall projected at almost $2 billion • Federal stimulus funding ends

  4. Louisiana Office of Student Financial Assistance andStudent Financial Assistance • TOPS - $130 million • Go Grant - $34 million • Dual Enrollment - $5.5 million

  5. Source: Louisiana Board of Regents

  6. Source: Louisiana Board of Regents

  7. $313.4M General Fund Reduction after 08-09 mid-yr reduction

  8. Stimulus Supported Base $1.3 B Federal Stimulus $189.7M

  9. Minimum $146M SGF Reduction projected for FY10-11

  10. Federal Stimulus $189.7M Minimum $146M SGF Reduction projected for FY10-11

  11. Stimulus Supported Base $1.155B Federal Stimulus $189.7M Minimum $146M SGF Reduction projected for FY10-11

  12. 146M SGF Reduction

  13. $146M SGF Reduction $459.3M General Fund Reduction from 08-09 Level (after $55M mid-year cut)

  14. Institutions Health sciences centers Agricultural centers Law centers Stand-alone research centers Boards and system offices With StimulusWithout Stimulus $976.0 $821.9

  15. Analysis of Shifting Enrollment • Differences in funding approaches between “old” and “new” formulas are significant • New formula sets values for student credit hour production specifically for each institution, by level of student and discipline of the student credit hour • Differentials remain in values based upon “type” of institution and its specific costs (SREB category) • State/student shares of cost are function of “type” of institution (generally 60% or higher share for State @ 4-Yr vs. 70%+ State share @ 2-Yr.)

  16. Analysis of Shifting Enrollment • Analysis is based upon overall enrollment, not just entering freshmen cohort • Time will be required to “shift” enrollment in substantial amounts • Nature of “shift” in mix will depend upon: • Overall growth in enrollment • Degree of stability in 4-year enrollment • Degree of growth in 2-year enrollment • Possible Causes of “shift” • Admissions standards • Growth in additional students to 2-year institutions • Enrollment caps at 4-year institutions • Significant change in “pricing” of respective types of institutions • “Savings” potential from shifting enrollments: • SREB rates vs. Actual funding rates • Impact of new formula approach • Lowest funded 4-year institutions are likely to yield the most significant areas for potential shifts of enrollment, thus less “savings” potential

More Related