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CHANCELLOR’S REPORT

Chancellor Cheryl B. Schrader discusses the state budget outlook, potential cuts of $450 million, and budget planning processes for FY18. Stay informed on the timeline and campus input opportunities.

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CHANCELLOR’S REPORT

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  1. CHANCELLOR’SREPORT Faculty Senate, January 26, 2017 Chancellor Cheryl B. Schrader, Ph.D.

  2. Announcements • President-designate Mun Choi Visit • Visiting Missouri S&T Monday, Feb. 6 • Open forum for faculty at 2:15 p.m. in St. Pat’s Ballroom • Studies provided • UM System Review Commission • Missouri Department of Higher Education • State budget outlook • Current FY: Withholds of $146 million • $82 million withheld from higher education • FY18: Potential cuts of $450 million or more

  3. Withholds to FY17 Funding

  4. Available Funds Estimate

  5. Available Funds Estimate

  6. General Revenue Allocation (GRA)$120 Millionwithout utilities, insurance, etc. • GRA Base

  7. Jan. 30: Preliminary budget impacts due to vice chancellor for finance & administration • Early February: Budget open forum • Feb. 3: Governor’s budget due to General Assembly • Mid-February: Cabinet reviews preliminary budget impacts • Feb.-April: Campus input on budget reduction and allocation priorities (includes input from Budgetary Affairs Committee) • Early April: Identify preliminary budget reductions & allocations • Mid-April: Tuition & fee increase recommendations due to UM System • Early May: Departments notified of budget reductions and allocations • Late May: Budget finalized • Timeline for FY18 (tentative)

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