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B oard of Trustees Meeting. Focus Discussion May 6, 2006. B riefing on Budget Proposals from the Governor, House, and Senate. President Les Wong, David Haynes, Gavin Leach and Mike Roy. 2 006-07 General Fund Budget. Budget Goals Reduce faculty teaching loads from current levels
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Board of Trustees Meeting Focus Discussion May 6, 2006
Briefing on Budget Proposals from theGovernor, House, and Senate President Les Wong, David Haynes, Gavin Leach and Mike Roy
2006-07 General Fund Budget • Budget Goals • Reduce faculty teaching loads from current levels • Establish base budget funds for facilities maintenance • Increase base budget funding for capital equipment replacement • Provide adequate funding for Superior Edge initiative
2006-07 General Fund Budget (continued) • Budget Goals (continued): • Provide start-up funding for Internationalization initiative • Continue to provide financial aid funding based on current funding model • Cover cost of state mandates • Increase compensation base funds to meet contractual commitments and to remain competitive
2006-07 GF Budget • Budget Assumptions • State appropriation will increase by .3% to 1.8% • Enrollment will continue to grow by about 2% • Base budget reductions • SIP $1,100,000 • RIF $ 700,000 • Operations $ 500,000 • Tuition and Fees contingent on state funding
Summer 2000 Enrollment Retreat: A Six Year Review of Accomplishments William Bernard and Paul Duby
Lower Appropriation per FYES from $6,975 to $5,500 Increase FYES from 6,999 to 8,876 Increase annual Student Credit Hours from 206,881 to 266,760 Accomplished FY 03 (Now $5,238 per FYES) Summer 2000 Retreat Objectives – What have we accomplished? Fiscal Initiatives • Will be accomplished in FY 07 (Now 8,536 prelim) • Will be accomplished in FY 07 (Now 253,428 prelim)
Increase % of out-of-state new freshman enrollment (was 21%) Increase baccalaureate new freshman enrollment from 1,195 Increase 3rd semester retention from 70% Increase enrollment from 8,144 to 10, 330 Accomplished (Now 31%) Summer 2000 Retreat Objectives What have we accomplished? • Second Highest in NMU History (Now 1,372) • Highest 3rd semester retention rate in NMU History (73%) • Projected Fall 2006 enrollment over 9,700 (highest in NMU history)
Recruitment Initiatives • Added regional Admissions Counselor in Minnesota (apps up 20%) • Added presence of full-time admissions staff member in California • Restructured Academic Achievement Award competition • Implemented Wildcat Weekends • Provided student bus trip from Chicago • Added regional application conversion efforts • Evaluated and restructured recruitment regions
Off Campus Academic Initiatives • USOC Coaching Program • RN to BSN Accelerated Program • Masters Degree in Nursing • Loss Prevention Baccalaureate Program
Number of Baccalaureate New Freshmen with a HS GPA of 4.00 And ACT:C of 30+
1stSemester Academic Performance of Baccalaureate New Freshmen
1stSemester Clear Academic Standing and 3rd Semester Retention Baccalaureate New Freshmen ?
Applications Freshmen – 4,377 Transfers – 752 Active Admissions Freshmen – 3,302 Transfers – 379 Orientation Counts Freshmen 932 Transfers 187 Applications Freshmen – 4,389 Transfers – 820 Active Admissions Freshmen – 3,282 Transfers – 417 Orientation Counts Freshmen 989 Transfers 159 Where we stand for Fall 2006? 2005 2006
Enrollment Outlook for Fall 2007 • Fall 2007 target is 9,700 which represents a gain of at least 200 students (+2.1%) • Projected Increases will be in: • Total new freshmen up from 1,874 to 1,920 (+2.5%) • New transfers up from 509 to 530 (+4.1%) • Continuing undergraduates up 150 (2.5%) • New and continuing graduate students up 50 (6.2%)