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USI Operating and Capital Biennial Budget Highlights 2015-2017

This presentation outlines the 2015-2017 operating and capital biennial budget of the USI Board of Trustees, including performance funding formulas and specific appropriations for projects like classroom renovations and dual credit enrollment. It also covers other legislation and next steps for the institution.

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USI Operating and Capital Biennial Budget Highlights 2015-2017

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  1. Summary of 2015-2017 Operating and Capital Biennial Budget USI Board of Trustees Presentation May 1, 2015

  2. 2015-2017 PERFORMANCE FUNDING FORMULA Performance Funding of Total Operating

  3. 2015-2017 PERFORMANCE FUNDING FORMULA SUMMARY

  4. 2015-2017 PERFORMANCE FORMULA FUNDING USI Operating Base Reduction to Fund Performance Funding Formulas $1,045,398 in FY 2016 $1,424,840 in FY 2017

  5. OPERATING APPROPRIATION 2014-2015 Base Appropriation: $44,146,854 2015-2016 Base Appropriation: $44,393,481 2016-2017 Base Appropriation: $44,858,559 USI’s Operating Appropriation Increase Over FY 2015 Base $246,627 – 0.6% in FY 2016 $711,705 – 1.6% in FY 2017 Net of Base Reductions

  6. LINE ITEM APPROPRIATIONS Historic New Harmony No Increase in Operating Base Appropriation 2015-2017 $486,878

  7. LINE ITEM APPROPRIATIONS Dual Credit Enrollment Line Item Appropriation to Fund Dual Credit Priority Courses Taught in High Schools at $50 Per Credit Hour 2015-2016 $320,450 2016-2017 $320,450

  8. CAPITAL APPROPRIATION • Classroom Renovation/Expansion Project – Health Professions Center • $8 million in bonding authorization in FY17 • Academic Health Science Complex with the IU School of Medicine in downtown Evansville • $6 million cash funding for project

  9. CAPITAL APPROPRIATION General Repair and Rehabilitation Appropriation FY 2016 and FY 2017 $1,997,500

  10. OTHER LEGISLATION • Return and Complete Initiative • Funding for 21st Century Scholars Program • Student Loan Disclosure • Higher Education Financial Assistance for National Guard Scholarships • Various Pension Matters Related to PERF

  11. NEXT STEPS • Governor to sign HB 1001 • CHE to recommend tuition targets • Institutions required to hold tuition hearing within 30 days of when CHE establishes targets • Institutions required to set two-year tuition rates within 60 days of when budget is enacted

  12. Questions?

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