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Montana University System

Montana University System. 2009 Biennium Present Law Budget Projections Board of Regents November 16, 2005. 2007 Biennium Budget. FY 06 Resident Enrollment Original Budget – 26,942 FY 06 Resident Enrollment Revised Est. – 26,592 HB 2 Reversion Language applies this biennium

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Montana University System

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  1. Montana University System 2009 Biennium Present Law Budget Projections Board of Regents November 16, 2005

  2. 2007 Biennium Budget • FY 06 Resident Enrollment Original Budget – 26,942 • FY 06 Resident Enrollment Revised Est. – 26,592 • HB 2 Reversion Language applies this biennium • Resident Enrollment decline may result in general fund reversion this biennium • FY 06 and FY 07 expenditures may decrease due to lower enrollment • State Funds % of Original Budget – 39.5% in FY06 37.8% in FY07

  3. 2009 Biennium Projections • Biennial Budget Working Group decided to develop high level, “current level” 2009 Biennium budget to present to Board at the November 2005 meeting • Purpose of developing a high level budget projection this early in the process is to give the Regents an opportunity to see the budget requirements for a status quo budget (before New Proposals), and to express any concerns with the assumptions used in the estimation process. • This is a rough estimate -- several refinements to this initial projection are necessary before January 2006 Board meeting

  4. 2009 Biennium Budget Assumptions • FY06 and FY07 budgets are adjusted to reflect enrollment changes in the 2007 biennium • Special inflation allowed for liability insurance, library acquisitions, utilities, etc. • Regular inflation (3%) allowed for general operating costs • Three percent pay plan each year of the 2009 biennium • FY08 and FY09 enrollment growth adjustments • State funds will be appropriated at same ratio as FY07 Revised (37.9 %)

  5. Projected Enrollment Changes • Resident enrollment is projected to increase 248 FTE from FY07 to FY08, and an additional 166 FTE from FY08 toFY09. • Most of the increase is anticipated to occur at Great Falls College of Technology. • The enrollment estimates will continue to be refined as we progress through the budgeting cycle.

  6. Projected Budget Impact • The FY07 Base Operating Budget (Ed Units) • Totals $332M • FY08 Budget increase from FY07 is $27M (8.2%) • $10M would be funded from state funds • $17M from tuition • FY09 Budget increase from FY08 is $24M (6.6%) • $9M from state funds • $15M from tuition • Assumes state funds appropriated in same ratio as FY07

  7. Projected Budget Impact – cont’d. • Cost drivers • Salary-related costs (pay plan, benefits, termination pay) • Utilities and insurance • New Space • Increased fee waiver costs • Enrollment growth • The above increases are before any New Proposals are added to the budget

  8. Estimated Tuition Impact Based upon the assumptions used in this high level, “current level” budget projection, tuition rates are estimated to increase in the range of • $112 and $535 per FTE in FY08 and • An additional $119 to $326 per FTE in FY09

  9. 2009 Biennium New Proposals • New budget initiatives, or New Proposals, have been submitted by the campuses and agencies • Approximately 75 proposals -- $32 million • Proposals support Board strategic goals and objectives • Summary handout

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