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University of Michigan - Flint

University of Michigan - Flint. Budget Model Results Fiscal Year 2011. Introduction. Prior budget system featured central control and fixed budgets Current budget system is variable with decentralized decision-making Current system began in July 2005

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University of Michigan - Flint

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  1. University of Michigan - Flint Budget Model Results Fiscal Year 2011

  2. Introduction • Prior budget system featured central control and fixed budgets • Current budget system is variable with decentralized decision-making • Current system began in July 2005 • This report summarizes results for the fifth year under the current system.

  3. Annual Budget Cycle

  4. Allocation of Marginal Revenue

  5. Settlement Process

  6. Setting FY 2011 Budget • Revenue Targets: • Undergraduate – assumed tuition up 3.9% and enrollment up 4% • Graduate – assumed tuition up 2.9% and enrollment up 4.8% • Change in State Appropriations • Change in Fixed Costs Note: Fixed costs include utilities, debt service payments, maintenance contracts, business operations and insurance recharges.

  7. FY 2011 Results • Total General Fund revenue above budget: $3.5M

  8. General Fund Budget:Actual Revenue vs. Budgeted Revenue

  9. State Appropriations:Actual vs. Budget

  10. Tuition & Fee Revenue:Actual vs. Budget

  11. Tuition & Fee Revenue Results

  12. Tuition & Fee Revenue Results

  13. Tuition & Fee Revenue Results

  14. Tuition & Fee Revenue Results

  15. Summarized Results for Support Units * Includes Chancellor, Provost, Associate Provost, Vice Chancellor for Business & Finance, and Division of Student Affairs.

  16. Resources VCBF Office Dave Barthelmes Financial Services Jerry Glasco Christy Brownell Shelbie Perrin Website http://www.umflint.edu/vcbf/Budget%20Model.htm

  17. Questions

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