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Financial Overview: Budget & Planning

Financial Overview: Budget & Planning. Faculty Senate. January 2013 Kathy Cutshaw Vice Chancellor for Administration, Finance & Operations. State Budget General Fund Distribution.

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Financial Overview: Budget & Planning

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  1. Financial Overview: Budget & Planning Faculty Senate January 2013 Kathy Cutshaw Vice Chancellor for Administration, Finance & Operations

  2. State Budget General Fund Distribution Other Departments include: * Public Safety* Accounting & General Services* Governor's Office* Lt. Governor's Office* Business & Economic Development* Agriculture, Labor & Industrial Relations* Defense* Taxation* Human Resources Management* Attorney General's Office* Land & Natural Resources

  3. UH Share over time

  4. University Budget Cycle • Fiscal Year: July 1 – June 30 • Biennium and Supplemental • Timeline: • May–July: Manoa prepares and submits budget • July–Aug: System reviews and prioritizes • August: Budget presentation to the BOR • September: BOR approval of budget request • December: Governor’s Budget finalized • Jan–May: Legislative Session • June: Governor sign budget bill

  5. System-wide General Fund Allocation

  6. Manoa’s Budget Components • State Appropriated Funds • General Funds • 100% used for personnel costs • State pays fringe • Lapse • Special and Revolving Funds • Established by Statute • Expenditures restricted to Statute language • Do not lapse • Legislative Expenditure Ceiling • Includes tuition & Fees • Includes Return of Overhead (RTRF) • State Appropriated Maintenance & Capital Improvement • Health and Safety • Capital Renewal/Deferred Maintenance (CRDM) • CIP (Capital Improvements) • Federal Contracts and Grants • Restricted

  7. Where Does The Money Come From

  8. Where Does The Money Go

  9. Mānoa Operating Funds

  10. Mānoa Appropriated Fund (G/R/S) Distribution to Units

  11. Operating Funds Flowchart Year End Allocated Fund Distribution for FY 2012

  12. Operating Funds Flowchart Year End Allocated Fund Distribution for FY 2012

  13. Approaches to University Budgeting • Incremental • Budget for current year become base for incremental allocations for the next year • Zero Based • No continuing base budget • Everything re-evaluated and re-allocated yearly • Formula Based • Typical allocation is based on enrollment or graduation rates • Responsibility Centered Budgeting • Each unit gets all available resources • Pays for all costs (admin, overhead, space, etc)

  14. Going Forward • UH Budget Approach - Biennium FY2013-15 • Hawaii Graduation Initiative • Outcome Funding • Focus on graduate outcomes • Focus on transfer outcomes • Additional weighting for: • Native Hawaiian student success • STEM student success Low income student success • Five Program Change Requests (PCRs) • Hawaii Innovation Initiative • Adds 50 new researchers over next 3 bienniums • Stewardship of Facilities/Renovate to Innovate

  15. Fiscal Biennium 2013-15UH Budget Request

  16. Outcome Based FundingManoa

  17. Systemwide Program Change Requests • Distance Learning & Educational Technology • Distance delivery • Increase student engagement and learning • Engineering Consortium • Increase numbers & retention of pre-engineering students • Cyber-Mentoring/Tutorial Program • Na Pua No’eau • Become model indigenous service institution • Promote college going among (K-12) Native Hawaiians • Statewide Longitudinal Data System • Statewide student data tracking system • West Oahu Campus • Provide infrastructure support

  18. Hawaii Innovation Initiative HI2 Initiative will: • Adds 50 new researchers overtime • Doubles research funding • create new businesses • diversify, deepen state economy • Estimated Total Cost: • Year 1 $5.9M 6 FTE • Year 2 $13.9M 20 FTE

  19. Stewardship of Facilities • Health, Safety, and Code Requirements • Capital Renewal and Deferred Maintenance • Project Renovate to Innovate • Minor Renovation CIP • Major Construction Projects (Shovel Ready) • Financially Leveraged Projects • Various Planning and Design Projects

  20. FB13-15 Capital Improvement Projects Health and Safety Priorities (Manoa)

  21. FB13-15 Capital Improvement ProjectsCapital Renewal/Deferred Maintenance (Manoa)

  22. FB13-15 Capital Improvement ProjectsOther CIP Projects (Manoa)

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