1 / 6

Budget Workshop

Budget Workshop. Board of Trustees Meeting June 14, 2011. Agenda. Proposed FY 2012 budget Status, timeline, and prognosis for outstanding material and significant weaknesses cited in the 2010 audit Status of the FY 2011 audit Fiscal year 2011 budget variance report

spence
Download Presentation

Budget Workshop

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Budget Workshop Board of Trustees Meeting June 14, 2011

  2. Agenda • Proposed FY 2012 budget • Status, timeline, and prognosis for outstanding material and significant weaknesses cited in the 2010 audit • Status of the FY 2011 audit • Fiscal year 2011 budget variance report • OPEB Retirement Board update • FMCAT Self Assessment Check List • 50% law exclusion for out-of-state and international students • Application to the BOG to exclude Unrestricted General Fund from 50% law calculation

  3. Fiscal Year 2010-11 Variance Report

  4. OPEB Retirement Board Update • First meeting under new structure on April 13, 2011 • Regularly scheduled meetings on the Wednesday following the first Board of Trustee meeting of the month • Approved bylaws • Approved investment policy • Reviewed new OPEB structure • Monte Carlo simulations Simulation

  5. OPEB Structure

  6. Cash Flow Structure

More Related