The Budget Work Group met April 11 to prepare FY15 budget to present to Board of Governors
The Budget Workgroup has completed a balanced operating budget to present to the Board. It was the hard work and dedication of this group, the budget office and the campus community that helped reduce the original $14 million deficit. The BWG still has much work ahead as we get ready to enter into the next phase where we will develop a new budget model for the university to use moving forward.
Notes
- The balanced operating budget was accomplished through a modest increase in tuition and e-course rates, utilization of investment earning s, a share of summer revenues, INTO revenues and the efforts of budget units who were able to reduce their allocations by canceling or freezing positions, shifting expenses to other sources or transferring unit surpluses. These efforts allowed the inclusion of allocations for increases in operating expenses as well as pools for salary increases.
- There was a request to ask departments to work on developing “use pro formas” to show what they actually need to operate, sort of a zero based approach to what it takes to operate – the budget requests for 15 did not provide the detail this would to get an understanding of what is needed to run a department and when combined, the University. The group felt that having this information for the summer would provide some good insight as we begin work on the budget model. Several BWG members (Chuck, Carol, Miriah, David) agreed to work with the budget office and Mary Ellen to develop a template to gather this information in a consistent form.
- We decided to restart our meetings after a short break on a bi-weekly basis starting May 2