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15. 15 The two primary reasons are:
Health Care Cost Increases
Corrections
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17. 17 Ability to freeze tuition and mandatory fees at current level for the 2009-10 academic year.
Focuses on operational fixed costs and other institutional priorities required to provide a quality higher education.
18. 18 Department of Corrections FY’10
Operating funds $88m
Construction and new facilities $318m
Total new dollars $406m
Department of Human Services FY’10
Total new dollars $266m
State Department of Education
Total new dollars $480m
Other State Agency Requests
19. 19 History of the State System of Higher Education New Money Requests
20. 20 Economic Development Only one-half of the required debt service funds for the $100 million bond issue passed in 2008 was appropriated.
First debt service payment is due on June 30, 2009.
21. 21 Removal of Financial Barriers Academic Scholars
Concurrent Enrollment
Reach Higher Program
Cooperative Alliance Fee Waivers
Regional University Baccalaureate Scholarships
22. 22 1. Oklahoma’s Promise $54,000,000
2. Endowed Chairs $53 m Bond Issue
10 year issue every year for five years $7,100,000
20 year issue every year for five years $4,850,000
3. CLASS Task Force Initiatives* (Campus Security and Safety) $16,000,000
*funded through Homeland Security
4. EDGE Endowment – Critically important to have additional deposits to match federal funding and to solidify the state’s position as “Research Capital of the Plains.”
23. 23 System Efficiencies Administrative Cost Budget Caps – FY09
24. 24 Oklahoma institutions of higher education have implemented and developed cost savings initiatives that will have a total annual savings of $31.2 million once fully implemented.
Cost saving initiatives focus primarily on the following programs;
Energy Saving Programs through performance contracts
FTE reduction through attrition
Flexible work schedules in summer months (four day work week)
Reduction in gasoline consumption with institutional vehicles
Increase in use of distance learning FY 2010 Cost Savings Analysis
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