The Budget Work Group was initially established by the president in Spring 2013 to provide counsel and recommendations for the university’s annual operating budget. The group comprises representatives from academic and administrative departments across all campuses, including appointees from Faculty Senate, Classified Staff Council and Student Government Association. In Fall 2013, the Budget Work Group expanded to include additional members from those groups.
For Fiscal Year 2015, the group began with $14 million deficit in the university’s operating budget. Working together, the group was able to utilize $5.5 million in one-time sources to reduce the deficit to zero and provide more than $2.3 million for faculty and staff raises.
For next year (Fiscal Year 2016), the Budget Work Group has explored various budget models and determined a hybrid model would be the best for Marshall. They have reviewed a prototype budget model and will continue in their advisory role throughout the budget process.
Work is now in progress to put together the budget for Fiscal Year 2016, using a set of budget concepts developed in conjunction with the Budget Work Group. University departments submitted funding requests in December 2014 and the Budget Office is reviewing the requests. The next phase of the process will be late winter/early spring meetings with the individual budget units to review their submissions and discuss the methodology used to derive a preliminary budget allocation by applying the new budget concepts. It will be a collaborative process and an opportunity for budget managers to better understand the new model.
There is still a great deal of work ahead. Even after the meetings to discuss the requests, additional adjustments will likely be necessary to account for outcomes from the work of the Marshall 20/20 Implementation Teams, as well as the results of the current legislative session and the state budget process. Another cut in state appropriations is expected, but the exact amount is not yet known.
Another significant component in the budgeting process for Fiscal Year 2016 will be reworking the university’s 2015-16 tuition and fee schedule to fit the new budgeting model. The goal will be to end up with a tuition and fee schedule that will make it easier for students to understand and predict their tuition bills.