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FY 13 University Wide Budget Discussion

FY 13 University Wide Budget Discussion. Miscellaneous Comments. No funds allocated for raises nor any across board raises in FY 13 Budget There are a few faculty promotions and staff promotions/adjustments, EPHASIZE few

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FY 13 University Wide Budget Discussion

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  1. FY 13 University Wide Budget Discussion

  2. Miscellaneous Comments • No funds allocated for raises nor any across board raises in FY 13 Budget • There are a few faculty promotions and staff promotions/adjustments, EPHASIZE few • TRS Rate Change – July 1, 2012 Employee 5.53% to 6% and Employer from 10.28% to 11.41% • Health Insurance Increases/Changes – January 1, 2013

  3. Continued • No furloughs in original budget • Very conservative tuition projections • Starting this Summer – Revenue and expenses will have to be split between Fiscal Years • Original split is 82% PS / 18% NPS, should get closer to 75% / 25% on actual #’s (E&G)

  4. Comparison of E&G Budget

  5. Comparison of State Funds

  6. Total Budget

  7. Budget Committee • Greg Hawver – Chairperson • Laurel Robinson • Michael Fathi • Bryan McLain • Ru Story-Huffman • Yevette McWhorter • Ian Brown • Rebecca Short

  8. FY 12 YE Recommendations • Plant Items • Baseball Field Drainage • Library Items • IT Items – Core/Switches/Routers • C&M Department • A&S – Equipment • Academic Testing Center • Education • HR – Fireproof Safe • Total Request - $ 575K

  9. FY 13 Recommendations by Budget Committee • English Professor • Counselor Position – Student Affairs • Academic and Disabilities Reorganization • Library Operating • Glass and Clay for A&S • Writing Project • Stipend for Honors Program • Education Travel • SACS

  10. FY 13 Final Adds/Comments • English Professor – in FY 13 budget • Counselor Position – Student Affairs – in FY 13 budget but on hold • Academic and Disabilities Reorganization – in FY 13 budget, still in planning process • Library Operating – FY 12 YE accomplish some, remainder reviewed in FY 13 YE or amended budget • Glass and Clay for A&S – FY 12 YE and FY 13YE • Stipend for Writing Project – Not in FY 13 Budget • Stipend for Honors Program – Still under review for FY 13 • Education Travel – Not in original, NCATES will be amended in as needed • SACS - In FY 13 Budget • Swapping of 3 Nursing Professors – SFI to regular E&G funding • Biology Professor – In FY 13 Budget (search started before Committee Started Work) • Business Professor – In FY 13 Budget but on hold • M&O Funds – Specific Allocation from BOR for HHS Phase I

  11. Tuition and Fees

  12. Tuition and Fee Comments • Graduate Tuition - $ 170 per hour/up from $ 165 per hour – LOWEST in System • Fees in our Sector - $ 992 to $ 555 (GSW - $ 652) • Housing Rates – Unchanged in FY 13 • Meal Rates – Up 3% • Increases effective Fall Term • Fee Request – Thru Fee’s Committee, again in November (Including Miscellaneous Fees)

  13. Closing Comments • Morestudent driven that EVER before • Special Thanks to department heads staying within your budgets • Academic Departments – Summer Profits will be allocated, working on mechanism • GSW is in solid financial shape (reserves, splits on PS/NPS, only debt is resident halls, low cost on fees)

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