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2007 BUDGET FORUM

2007 BUDGET FORUM. Larry A. Nielsen Provost Executive Vice Chancellor. Charles D. Leffler Vice Chancellor Finance & Business. John G. Gilligan Vice Chancellor Research & Graduate Studies. BUDGET 101. How big is the pie?. Enabling Functions 39.5%. Core Functions 60.5%.

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2007 BUDGET FORUM

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  1. 2007 BUDGET FORUM Larry A. Nielsen Provost Executive Vice Chancellor Charles D. Leffler Vice Chancellor Finance & Business John G. Gilligan Vice Chancellor Research & Graduate Studies

  2. BUDGET 101

  3. How big is the pie?

  4. Enabling Functions39.5%

  5. Core Functions60.5%

  6. How is the pie sliced?

  7. 2006-07 Expenditures By Major Division In Millions of Dollars

  8. 2006-07 Expenditures By College In Millions of Dollars

  9. What ingredients go into the pie?

  10. 2007-08State Appropriations$474 M Academic Affairs $369.7 Agricultural Research $61.6 Cooperative Extension $42.6 13% 78% 9%

  11. 2007-08 Federal Appropriations $22.0 M • Are appropriated directly to NC State as a Land Grant University • Major sources include: • Smith Lever Act of 1914 (CALS Coop Extension) • Hatch Act of 1887 (CALS Ag Research) • McIntire-Stennis of 1962 (CNR Forestry Research) • Require matching State funds

  12. National Science Foundation 21% Department of Agriculture 18% Department of Health & Human Services 15% Department of Commerce 10% Department of Defense 10% Department of Energy 9% Department of Education 7% National Aeronautics & Space Agency 3% Environmental Protection Agency 2% Department of the Interior 1% Department of Homeland Security 1% Other 3% 2007-08Federal Grants & Contracts$120 M

  13. Generated from Sponsored Grants & Contracts F&A cost rate structure is Federally negotiated F&A is a reimbursement, not a fee nor a profit Cost of providing common services (utilities, facilities maintenance, payroll & accounting services, public safety, etc.) Facilities & Administrative (F&A) Receipts

  14. F&A ReceiptsIn millions of dollars

  15. F&A Allocations

  16. Sources of Tuition & Fees$159 M Resident Tuition Receipts 68%Non-Resident Tuition Receipts 32%

  17. Legislatively-initiated tuition increases replaces State general funds in appropriation CITI stays on campus Board of Governors guidelines 6.5% cap 4 years Lower quarter of peers Campus Initiated Tuition Increase(CITI)

  18. How does the pie get bigger?

  19. 2007 Legislative ActionsSelected Expansion Budget • Graduate Student Recruitment and Retention $2,000,000 R (FY 07) / $2,000,000 R (FY 08) systemwide • NC Research Campus at Kannapolis $8,500,000 R & $8,000,000 NR (FY 07 / $8,500,000 R (FY 08) systemwide • College of Engineering $5,000,000 R (FY 07) / $5,000,000 R (FY 08) – 55 positions

  20. 2007 Legislative ActionsSelected Expansion Budget • Salary & Benefits Increases EPA employees - $14,660,502 R (FY 07) SPA employees - $4,942,458 R (FY 07) • Future Efficiency Reductions (2,896,157) R (FY07) / (1,344,746) R (FY 08)

  21. 2007 Legislative ActionsSelected Continuation Budget • Enrollment Increase $2,109,540 (FY 07) • Utilities $4,963,255 R (FY 07) / $310,679 R (FY 08)

  22. 2007-08Projected Utility Expenditures$31.5 M • Energy and Water Purchase Cost Increases (2006-07) • 7.6 % electric rate increase ($/kWh) • Due to fuel adjustment charges • 26% natural gas cost decrease ($/therm) • Due to market adjustment following Katrina and Rita • 14.6 % water rate increase ($/CCF) • Actions to Control Purchase Costs • Monitor electrical accounts for optimum rates • Evaluate tariff, transport, and strip natural gas rates • Evaluate fuel oil rates

  23. Total Utility Expenditures 45% increase since 2002-03

  24. Energy Consumption per Gross Square Foot Decrease in energy use per building area – down 3.9% since 2002-03

  25. 2007 Legislative ActionsCapital Improvements Budget • Centennial Campus Library (planning) $17,000,000 NR (FY 07)

  26. 2007 Legislative ActionsCapital Improvements Budget • CVM Companion Animal Hospital $38,000,000 NR (FY 07)

  27. 2007 Legislative ActionsCapital Improvements Budget • College of Engineering, Building III $34,000,000 NR (FY 07)

  28. 2007 Legislative ActionsCapital Improvements Budget • Repair and Renovation Reserve $13,564,500 NR (FY 07)

  29. BUDGET 102

  30. RECENT TRENDS

  31. Faculty Salaries • Of NC State’s peer institutions’ salaries: • Full professors: 14th of 16 • Assoc professors: 13th of 16 • Asst professors: 14th of 16 • Of NC State’s peer institutions’ benefits as % of salaries: • For all ranks: 13th of 16

  32. Faculty Salaries 2006-07 16 Peer Institutions NC State at 25th percentile $80,600 Peer group’s 80th percentile $94,200 Total funding requirement $27,200,000

  33. Staff Salaries SPA Staff • 75% already career-banded To get to market value - $9.3 M ($3.8 M already invested by departments) • 25% to be banded this fiscal year Similar market challenges anticipated EPA Non-Faculty • Market analysis will be done this year

  34. Strategic Budgeting • Compact allocations • Faculty positions • Faculty salaries • Budget reductions

  35. Compact Planning Strategic Investment Priorities / 3-Year Commitments (2007-10)

  36. New Faculty Position Allocations

  37. CITI Faculty Salary Allocation

  38. 2007-08 Budget Reduction

  39. More strategic budgeting to come…

  40. Questions?www.provost.ncsu.edu www.fis.ncsu.edu/FiBus

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