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FY13 Budget Status

FY13 Budget Status. FY13 Mid-Year Fcst (Feb 11, 2013). Source: Budget & Planning midyear review. FY13 Highlights. 9C (798) Spring melt + Vacancies + Hybrid/part-time faculty - Carry forward - Bad debt/write-offs - Endowment, interest income -. Spring Melt. Low (2.4%)

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FY13 Budget Status

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  1. FY13 BudgetStatus

  2. FY13 Mid-Year Fcst(Feb 11, 2013) Source: Budget & Planning midyear review

  3. FY13 Highlights • 9C (798) • Spring melt + • Vacancies + • Hybrid/part-time faculty - • Carry forward - • Bad debt/write-offs - • Endowment, interest income -

  4. Spring Melt Low (2.4%) High (6.8%) Avg (4.9%) Source: IR snapshot

  5. Vacancies (Feb)

  6. Hybrid Program Source: PeopleSoft Finance

  7. FY14 BudgetFirst Glance

  8. FY14 changes • simplifying the process • expanding understanding of key variables • budgeting all funds • consolidating student fee revenue • streamlining use of applications • focusing on a continuing dialog • budget prep meeting • drop-in sessions • VC meeting(s)

  9. FY14 Budget Fee setting Revenue Mid Apr Mar 27 Collective bargaining, merit, fringe benefits Position mgmt Apr 1 Apr 8

  10. Revenue Source: Annual audited financial statements (UMass)

  11. Revenue • state appropriation • enrollment growth (1.5%) • mandatory fee increase (4.9%) • non-mandatory fees (lab, application fees) • CAPS (ESL, credit, online, non-credit) • differential fees • grants & contracts • F&A indirect • TFA rates (new rates, application of rates) • fringe “savings” • ESS, gifts and development • Foundation (TFI, fund raising) • use of reserves • use of direct chargebacks • policy changes • 12 credit cap • 118% of total needed to graduate • 4 x 4 • Hybrid

  12. Position Mgmt Source: HR snapshot (fall 2011)

  13. Expense, by subsidiary (Jan YTD) Source: Budget & Planning Monthly Reports (Jan)

  14. FY14 Budget VC meetings FY13 rollover, start-ups contracts, equipment replacement, start-ups SPIG base budget

  15. Fund Consolidation

  16. Fund consolidation • Pilot departments going live Apr 1 University Advancement, GRPA, Student Affairs-Public Safety, Budget & Planning • HR-payroll test with UITS • Procurement - BuyWays PO review • Bursar’s Office – developing queries and reports for expanded revenue reporting

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