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Planning, Budget and Forecast

Planning, Budget and Forecast. Presented to Financial Area Reps by Mary Simon, Sr. Director Budget and Planning April 25, 2013. AGENDA Planning , Budget and Forecast. Tuition and Student Fees - Revenue Overview Paying Semester Credit Hours SCH computed by Semester Annual Trends by type

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Planning, Budget and Forecast

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  1. Planning, Budget and Forecast Presented to Financial Area Reps by Mary Simon, Sr. Director Budget and Planning April 25, 2013

  2. AGENDAPlanning, Budget and Forecast • Tuition and Student Fees - Revenue Overview • Paying Semester Credit Hours • SCH computed by Semester • Annual Trends by type • Mid-Year FY13 and Budget Status FY14 • Budget 2014 Pending Outcomes and Next Steps

  3. Tuition and Student Fees * Preliminary estimate based on 701,000 paying SCH; currently under review for final FY 2014 SCH projections

  4. Paying Semester Credit Hours 728.0 714.3 707.3 693.1 (in thousands)

  5. * Preliminary Estimate at 701,000 SCH which may increase slightly based on Forecast FY 2013

  6. Mid Year FY 13 and Budget FY14 StatusRevenue Projections & Assumptions • Mid Year Revenue Adjustments FY13 • Current Year Forecast Revenue Projections FY13 were provided to fee administrators in Feb/March and recorded as budget adjustments. • Budget Status FY14 • Tuition and Mandatory Fee Revenue Projections FY14 based on holding at FY 2013 levels of paying SCH • Final FY 14 Projections expected following BOR (May 9th) and review of SUMMER SCH and enrollment projections for FALL 2014- New enrollment criteria beginning FALL 2014 • Updates to the BUD documents FY 14 for changes in Revenue projections will be processed by Budget Office and communicated to fee administrators 6

  7. Budget 2014 Pending Outcomes and Next Steps • Divisional funding requests will be coordinated by VPBA Office during first half of May • Pending 83rd Legislative Budget Outcome for FY 14 Base Budget Adjustments expected in mid-late May timeframe • Next meeting of University Strategic Planning Resource Committee on May 28th to review resources and requirements for recommendation to CMO • 2014 Budget Goals and Priorities Hearing with UT System scheduled on June 6th • 2014 CMO Allocations and required updates will be made by the Budget Office for Final Budget submission due July 19th • BOR approves Operating Budgets August 21-22 7

  8. Questions

  9. In All We Do, We Do With EXCELLENCE Every Person Every Day Every Job

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