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Budget & Finance Committee Tico Perez, Chair September 15, 2010 flbog

Budget & Finance Committee Tico Perez, Chair September 15, 2010 www.flbog.edu. SUS 2010-11 Operating Budget Overview. 2010-11 Operating Budget. Each Board of Trustees prepares and adopts a budget Board of Governors Master Power & Duties require approval

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Budget & Finance Committee Tico Perez, Chair September 15, 2010 flbog

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  1. Budget & Finance Committee Tico Perez, Chair September 15, 2010 www.flbog.edu

  2. SUS 2010-11 Operating Budget Overview

  3. 2010-11 Operating Budget • Each Board of Trustees prepares and adopts a budget • Board of Governors Master Power & Duties require approval • Universities budget conforms with Regulation 9.007 • Universities indicate compliance with maintaining a 5% reserve

  4. SUS 2010-11 Operating Budget 62% of the Funds are Restricted to Contracts & Grants, Auxiliaries, Local Funds & Faculty Practice.. * financial aid, student activities, athletics, technology, concessions $9.3 Billion

  5. State Appropriations Overview

  6. 2010-11 State Budget - $70.4 Billion 40% 32% $3.7 B Federal Stimulus

  7. Education Receives 55% of the State Operating Budget • State Operating Budget - $24.6 B • Education Operating Budget - $13.5 B 55% 16% 2010-11 Appropriations

  8. Lottery & General Revenue Projections Estimates do not include oil spill impact. * 2011-12 through 2013-14 are estimates. Source: Lottery & GR Estimating Conferences (Summer Projections)

  9. Legislative 3-year Financial Outlook • 2010-11 general revenue fund is solvent • Projected shortfalls in each of next 3 years

  10. 5% & 15% State Budget Reduction Plans 2011-12 Legislative Budget Request instructions request each agency to development reduction plans. A 5% reduction plan for the current year, effective 1/1/2011 and a 15% reduction plan for 2011-12. *Partially offset by other state appropriations for specific issues.

  11. SUS Appropriated E&G Operating Funds Millions 4% 27% 36% 73% 60% Changes in State Funds Appropriated: -8.5% 4.3% -.1% -12.2%

  12. PECO & General Revenue Funding General Revenue PECO Each education sector receives a formulaic portion of the total. Each entity has to lobby for its portion of the total.

  13. 2011-12 Legislative Budget Request

  14. Investments in Higher Education

  15. Investments in Higher Education *Institute of Human & Machine Cognition

  16. New Florida Initiative - $150 M STEM Disciplines - $40 M Enrollment Growth - $7.2 M Student Access and Services - $28 M Research/Technology Opportunities - $42.7 M Medical Education - $32 M Key 2011-12 Issues

  17. Plant, Operation and Maintenance - $39.6 M Base Operating General Revenue - $14.2 M Florida Institute of Oceanography - $7.2 M Major Gift Matching Program - $193.9 M Key 2011-12 Issues

  18. E&G Funding per FTE Student $12,467 $11,851

  19. Board General Office 53 authorized positions

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