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Faculty Funding Management: Headcounts, Distribution, and Available Budget

This project focuses on projecting and managing faculty funds, including analyzing the distribution of faculty, determining available budget, and identifying commitments against available funds. It also explores various factors affecting the budget, such as faculty leaves, difference-in-pay leave, and part-time faculty salary payouts.

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Faculty Funding Management: Headcounts, Distribution, and Available Budget

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  1. Projecting & Managing Faculty Funds Lisa Kopecky Assistant Vice President for Academic Operations & Finance

  2. 2007-2008 Faculty Head Counts • 713.5 Tenured/Tenure-Track Faculty • 165 Full-time Lecturers • 1,203 Part-time Faculty 2,081.5 TOTAL

  3. Academic Budget Breakout 07-08

  4. What Can Go Wrong?

  5. Basic Process • What is the distribution of our faculty • How much should be available • How much is available • What are other “puts & takes” adding to or taking from the available amount • What are the commitments against available funds

  6. Faculty Headcount Distribution

  7. How Much Should Be Available?

  8. How Much Is Available?

  9. Adjusting the Baseline

  10. Baseline Budget Realignment • Original FT Faculty $9,072,100 • Original PT Faculty 2,100,915 • $11,173,015 • Revised FT Faculty $9,221,300 • Balance to PT Faculty 1,951,715 $11,173,015

  11. PT Faculty Dollars • Fund: • Part-time faculty hires • Part-time faculty settlements • Teaching Associates • Graduate Assistants • Faculty additional pay or releases

  12. How Much Is Available?

  13. Puts & Takes

  14. Faculty Leaves • FERP: Faculty Early Retirement Program (50% time base & 50% salary for 5 years) • DIPL: Difference in Pay Leave (faculty is paid difference between base salary and FT Lecturer Replacement Rate - $47,472 for 08-09) • Sabbatical: Fall or Spring – receive full pay; AY – receives 50% pay • LWOP: Leave Without Pay – 100% of salary savings during leave period available for PTF hiring • Release Time Reimbursements – Funding from grant or other activity buy out faculty time

  15. Release Time Reimbursements

  16. Difference-In-Pay Leave • Faculty AY salary $80,000 • FT lecturer • replacement rate - $47,472 • Paid to AY faculty • on Leave $32,528

  17. Part-time Faculty Salary Payouts • Part-time Appointment Types: • Academic Year: Paid 10 Months (Sept – June) in present year; 2 months in next (July & August) • Fall:Paid 6 Months in present year (Sept – Feb) • Spring:Paid 4 Months in present year (February – June); 2 months in next (July & August)

  18. PT Faculty Salary Payouts

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