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University of Illinois at Chicago FY 2012 Budget Update

University of Illinois at Chicago FY 2012 Budget Update. Presentation for APAC August 10, 2011 Frank Goldberg…Vice Provost for Resource Planning & Mgmt Todd Van Neck…Director of Budgeting & Pgm Analysis.

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University of Illinois at Chicago FY 2012 Budget Update

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  1. University of Illinois at ChicagoFY 2012 Budget Update Presentation for APAC August 10, 2011 Frank Goldberg…Vice Provost for Resource Planning & Mgmt Todd Van Neck…Director of Budgeting & Pgm Analysis

  2. State Appropriation RevenueUnrestricted FundsLapse Period Billings and Collections through August 8, 2011 In Millions $743 $18.6 $743.4 $743.3 $724 $721 $722 $722 $45.5 $45.5 $697 $696.7 $52 $133.6 $722 $609.7 $724 $724 $722 $721 $45.5 $697 $697.9 $696.7 $697.8 $313 $672 $564.2 $383.7 2008 2009 2010 2011 Rescission Appropriation Collected Billed Stimulus FY09 appropriation includes $18.6 million rescission. FY08 as of July 31st. FY10 appropriation includes $45.5 million of federal stimulus funding.

  3. State Appropriation RevenueUnrestricted FundsBillings and Collections through August 8, 2011 In Millions $743 $743 $722 $18.6 $45.5 $697 $689 $724 $722 $697.5 $697 $689 $5 $55 $49 $53 $42 $49 $47 $53 $55 2008 2009 2010 2012 2011 Rescission Stimulus Collected Billed Appropriation FY09 appropriation includes $18.6 million rescission. FY08 & FY09 as of July 31st. FY10 appropriation includes $45.5 million of federal stimulus funding and assumes restoration of FY09 rescission.

  4. FY 2012 Budget Planning Outcomes • $8 million GRF cut to University • 3% general salary program, no furlough days • 6.9% general tuition increase • 4.7% reallocation, to cover… • UIC’s share of GRF cut • campus costs (financial aid, R&R) • strategic investments

  5. Strategic Investments – FY 2012 • Faculty cluster hire program…..…$2.5M • Office of Diversity……………………..$0.5M • Undergraduate Advising………..….$1.0M • Data security…………………………..…$0.6M • Improving campus appearance.…$1.0M • Records management………………..$0.2M • Facility repair & renovation………..$2.0M

  6. Actual and Projected Number of Illinois Public High School Graduates Source: U.S. Department of Education, Projections of Education Statistics to 2019

  7. Other initiatives • Student recruitment • Inter-group dialogue for incoming freshmen • E-Learning • Space economy • Telecom rates

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