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Budget Primer

Budget Primer. October 22, 2013 Rick Straka. Macro Higher Ed Budget Issues. Federal Budget Concerns Fiscal Cliff – Will Financial Aid Play a Part of Federal Budget Fix? Impact on Federal Student Services Grants Trio, Carl Perkins Student Debt Bubble State Budget Concerns

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Budget Primer

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  1. Budget Primer October 22, 2013 Rick Straka

  2. Macro Higher Ed Budget Issues • Federal Budget Concerns • Fiscal Cliff – Will Financial Aid Play a Part of Federal Budget Fix? • Impact on Federal Student Services Grants • Trio, Carl Perkins • Student Debt Bubble • State Budget Concerns • Legislature Mandated Undergrad Tuition Freeze • Performance Funding Accountability • 5% Holdback in FY15 if Performance Measure Not Met (Appears OK as of Now)

  3. National Education Trends • Impact of Online/Hybrid Learning on Student Life and Facility Implications • Commoditization of Higher Ed • Compile Credits From Multiple Institutions • Competition From Private For-Profit Institutions • Refocus on Accountability For Outcomes • Accreditation Focus on Integrated Planning, Resource Allocation and Assessment

  4. MSU Micro Budgeting Issues • Current Emphasis on Enrollment Management • Budget Balance Between Recruitment and Retention • Trying to Gain Larger Share of Declining HS Grads • Looking Outstate and International For Students • Charting the Future/CSC (Cooperative Sourcing) • Office Max/P-card/Grainger Procurement • Administrative Collaboration in Non-Academic Areas • HLC Use of CFI for Assessment of Financial Health

  5. MSU Budget Process • Operating Budget is Primarily Incremental in Nature (Gen Fund, Student Fees, Room and Bd) • Last Year’s Base +/- Incremental Change • Incremental Change Aligned with Strategic Goals • Mandated/Required Changes Also Considered • Legislative and Bargaining Changes Challenging • Biennial Budget Finalized 6 weeks prior to Biennium Start • Bargaining Agreements Often Settled Late in Biennium

  6. Gen Fund Budget Subcategories • Basic Operations • Base +/- Incremental • Equipment • 50% Base, 50% Zero Based • Strategic Priority • Zero Based • Repair and Betterment • Zero Based

  7. Fund Budgeting • General Fund • General Fund Budget – Tuition and Appropriation • Student Activities/Health Service/Athletics Ops • Student Activity Fee Funding • Student Union • Student Fee Funded • Residential Life • Room and Board Fees

  8. Q & A What else is on your mind?

  9. Budgeting Primer October 22, 2013 Rick Straka

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