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Budget Update

Budget Update. Presented to Financial Area Representatives by Mary Simon, Sr. Director Budget and Planning January 18,2012. Budget Update AGENDA. Tuition and Fee Forecast Trend Semester Credit Hours (SCH) Mid Year Revenue Adjustments FY13 Budget Planning Calendar Training Classes Q&A.

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Budget Update

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  1. Budget Update Presented to Financial Area Representatives by Mary Simon, Sr. Director Budget and Planning January 18,2012

  2. Budget Update AGENDA • Tuition and Fee Forecast • Trend Semester Credit Hours (SCH) • Mid Year Revenue Adjustments • FY13 Budget Planning Calendar • Training Classes • Q&A

  3. Tuition and Student Fees (In thousands)

  4. SCH (in thousands) Trend -Paying Semester Credit Hours 714.3 714.7 693.1 (in thousands)

  5. Mid Year and Budget FY13 Revenue Projections & Assumptions • Methodology: Revenues projections are based on enrollment (paying SCH and/or student headcount) • Current Year Revenue Projections FY12 • Current Year Forecast Revenue Projections FY12 are currently under review and will provided to fee administrators by mid-February and recorded as budget adjustments. • Budget Year FY13 • Revenue Projections FY13 will be coordinated and provided to fee administrators no later than March 1st • Any deviations to these projections will need to be discussed and approved by the Sr. Budget Director prior to departmental completion of BUD documents before March 30th 5

  6. Expense Budgets - Status Quo Budgets E&G (14 accts) + 19 accounts funded with Designated Tuitions (i.e. 19-7) • Status Quo Base Budgets • Departmental Operating budget preparation assumes no new money, i.e. ‘same base budgets’ • BUD process begins before budget planning is complete • University Strategic Resource Planning Council will review budget recommendations in late Spring pending outcome of Tuition and Fee proposal, state budget changes (GAA) and other revenue projections • Budget Office will update budgets for new funds awarded and any possible required reductionsException: Budgets funded by fees

  7. Budget Permanent Position FundingPre-Planning Salary Review Reports • Budget Office will provide salary review reports by Tuesday, February 7th via Rowdy Space similar to previous years. • Reports are provided to assist in validating budgeted positions and the permanent funding requiring permanent transfers • Permanent positions (filled or vacant) will load from HRMS assignments based on updated salary rates. However, position attributes (i.e., % time, % distribution, etc.) are used to calculate budget dollars from HRMS ‘Budgetary Funding FY12-13’. • To ensure BUD Documents reflect updated permanent positions, we request your review. • Any permanent transfers and HRMS Budgetary Funding updates will need to be processed by February 24th to be reflected in BUD Documents and updated salary budgets. 7

  8. FY 13 Budget Planning Calendar (Draft)

  9. BUD Document Preparation Training Schedule

  10. Questions

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