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The University of Tennessee at Chattanooga Operating & Capital Budget Presentation Dr. Richard L. Brown, Jr. Vice Chancellor of Finance & Operations.

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Presentation on theme: "The University of Tennessee at Chattanooga Operating & Capital Budget Presentation Dr. Richard L. Brown, Jr. Vice Chancellor of Finance & Operations."— Presentation transcript:

1 The University of Tennessee at Chattanooga Operating & Capital Budget Presentation Dr. Richard L. Brown, Jr. Vice Chancellor of Finance & Operations

2 UTC Budget and Financial Planning Financial Re-Balancing For Efficiency and Effectiveness Year Two Campus Master Plan Facilities Growth Sustainability Tuition and Fees Benchmarking Tuition and Fees Benchmarking Reduced State Allocations New Funding Formula Performance Metrics New University Advancement Model Capital Campaign Athletics Master Plan Academic Quality Accreditation Instruction Gen Ed QEP IT Strategic Plan Services Governance Communication Transparency Resource Allocations Accountability Student Support Services Alignment of Resources to the Strategic Initiatives

3 Budget Issues Looking Forward Support of Instruction and Academic Quality SACS Reaffirmation QEP Compensation (Faculty & Staff) Operating Budget Support Maintenance and Operations (Energy) Control of System Cost Complete College Act New Funding Formula Development as a Source of Revenue Enhancement Continuous Program Review

4 Summary of New Allocations Requested Total Requested $7,363,562

5 Fixed Costs Faculty positions due to enrollment growth; To address the Tennessee Complete College Act; Mandated faculty promotions; Operating budget needs; SACS requirements for the QEP Amount needed to fund aggregate 3% ACB pay raise and equity pool (1.4% - Campus; Gap to fund 1.6% state salary improvement) Energy cost; Technology needs due to increased enrollment; Square footage increase and utility rate hike increases Student Development, Safety and University Relations operational needs due to enrollment increase Recalibration of state appropriations Total equals 9.9% Fee Increase (net of Scholarship Cost) $ 1,141,000 $ 1,563,000 $ 517,375 $ 499,845 $ 577,334 $ 4,298,554

6 Aggregate Compensation Pool of 4% 3% Across the Board Raises - All eligible Faculty and Staff. Cost embedded in the Base 9.9% Tuition and Fee request. 1% Non-Recurring “BONUS” Pool recognizes exceptional performance and talent management. $660,000 identified from reserve accounts. $150,000 Equity Adjustment Pool for competitive salary benchmarking. Cost embedded in the Base 9.9% Tuition and Fee request. Assumptions Final aggregate Tuition and Fees Request for will remain at 9.9%. Salary projections based on January 1, 2011 cost of $55,000,000. 1% tuition increase yields $437,000 net of scholarships. * Consistent with Martin compensation plan * Great momentum towards comprehensive compensation strategy * Acknowledges exceptional performance * Limited compression/equity adjustments

7 Proposed Revenue Tuition9.9% Tuition Increase5,263,665 Total$5,263,665 StateFunding Formula Effect(201,200) AppropriationsInsurance Enrollment300,700 2% Reduction(779,400) 1.6% Salary Improvement (Only 60% Funded)605,000 4% Insurance Improvement173,100 Access & Diversity Funds(5,481) Total$92,719 FeesAthletic Fee1,290,000 Library Fee537,500 Total$1,827,500 Total Revenue$7,183,884

8 Proposed Expenditures ChancellorRaise Employee Minimum to $8.50/hour232 Funding for 40% of Salary Increase and Add'l 1.4% (Tuition)8, % Salary Improvement (State Appropriation)3,691 Funding Formula Effect(1,227) Insurance Enrollment1,834 2% State Appropriation Reduction(4,754) 4% Insurance Improvement1,056 Total$9,218

9 Proposed Expenditures AcademicQEP150,000 AffairsGraduate Assistantships (Phase 1)80,375 Doctorate of Nursing Program - 2 Positions141,000 Completion of Faculty Hires500,000 Institutional Research Compliance Officer70,000 Faculty Senate30,000 Faculty Promotions and Rollovers150,000 Raise Employee Minimum to $8.50/hour26,348 Funding for 40% of Salary Increase and Add'l 1.4% (Tuition)953, % Salary Improvement (State Appropriation)419,495 Funding Formula Effect(139,508) Insurance Enrollment208,499 2% State Appropriation Reduction(540,420) 4% Insurance Improvement120,024 Program Adjustments133,385 Library Fee537,500 Total$2,840,096

10 Proposed Expenditures AthleticsRaise Employee Minimum to $8.50/hour3,181 Funding for 40% of Salary Increase and Add'l 1.4% (Tuition)115, % Salary Improvement (State Appropriations)50,639 Funding Formula Effect(16,840) Insurance Enrollment25,169 2% State Appropriation Reduction(65,236) 4% Insurance Improvement14,488 Athletic Fee Increase965,938 Total$1,092,425

11 Proposed Expenditures FOITSafety Officer30,000 Facilities Staffing (New Square Footage)50,000 Mandated Safety Compliance (Sprinklers & Fire Alarms)55,000 OED Position (Stimulus Supported)35,000 Rollover Banner Position70,000 Raise Employee Minimum to $8.50/hour5,980 Funding for 40% of Salary Increase and Add'l 1.4% (Tuition)216, % Salary Improvement (State Appropriations)95,203 Funding Formula Effect(31,661) Insurance Enrollment47,318 2% State Appropriation Reduction(122,646) 4% Insurance Improvement27,239 Total$477,802

12 Proposed Expenditures StudentStudent Development Judicial Officer76,845 DevelopmentMcClellan Gym100,000 Raise Employee Minimum to $8.50/hour2,123 Funding for 40% of Salary Increase and Add'l 1.4% (Tuition)76, % Salary Improvement (State Appropriations)33,801 Funding Formula Effect(11,241) Insurance Enrollment16,800 2% State Appropriation Reduction(43,545) 4% Insurance Improvement9,671 Athletic Fee Increase (Recalibration of Student Activity Fee)324,062 Total$585,338

13 Proposed Expenditures UniversityUniversity Relations - 2 Positions (Stimulus Supported)75,000 AdvancementRaise Employee Minimum to $8.50/hour136 Funding for 40% of Salary Increase and Add'l 1.4% (Tuition)4, % Salary Improvement (State Appropriations)2,172 Funding Formula Effect(722) Insurance Enrollment1,080 2% State Appropriation Reduction(2,798) 4% Insurance Improvement621 Total$80,425

14 Proposed Expenditures InstitutionalSustainability Office Position (Stimulus Supported)75,000 Operating Budgets - Administration & Academic100,000 Merit Increases150,000 System Recalibration (1/3 in FY 11-12)577,334 Technology Upgrades70,000 Utilities300,000 Program Adjustments30,347 Total$1,302,681 ScholarshipsInstitutional Scholarships$801,379 Access & Diversity Scholarships($5,481) Total$795,898 Total Expenses$7,183,884

15 Proposed Expenditures $7,183,884

16 Chattanooga FY Annual Tuition and Fees CHANGE FY FY AmountPercent IN-STATE Undergraduate Tuition$4,912$5,398$4869.9% Other Fees: Programs & Services *$590 $0 - Athletics % Library Fee % Green Fee Technology Facilities Total Other Fees$1,150$1,320$17015% Total Tuition and Fees$6,062$6,718 $ % Graduate Tuition$5,890$6,473$5839.9% Other Fees: Programs & Services *$590 $0 - Athletics % Library Fee % Green Fee Technology Facilities Total Other Fees$1,150$1,320$17015% Total Tuition and Fees$7,040$7,793$ %

17 Chattanooga FY Annual Tuition and Fees CHANGE FY FY AmountPercent OUT-OF-STATE Undergraduate Tuition17,226$18,931$1,7059.9% Other Fees: Programs & Services *$590 $0 - Athletics % Library Fee % Green Fee Technology Facilities Total Other Fees$1,150$1,320$17015% Total Tuition and Fees$18,376$20,251 $1, % Graduate Tuition$18,205$20,007$1,8029.9% Other Fees: Programs & Services *$590 $0 - Athletics % Library Fee % Green Fee Technology Facilities Total Other Fees$1,150$1,320$17015% Total Tuition and Fees$19,355$21,327$1, %

18 Fee Analysis Athletic Fee Analysis Fee Increase Revenue Current Revenue at $120 per Semester Return 1/2 Student Activity Fee Funds Total Athletic Fee RevenueNet Increase Est. Revenue Generated at $60 per Semester$ 1,290,000$ 2,385,108 $(324,062)$ 3,351,046$ 965,938 Library Fee Analysis Est. Revenue Generated at $25 per Semester $537,500

19 UTC IT Strategic Plan – Top Five Results 1. New IT Leadership - New position will synergize IT resources and dollars 2. Establish Effective IT Governance Model 3. Create IT Service Catalog Streamline roles and responsibilities across campus Clarify roles between System IT and UTC IT 4. Promote a Culture of Continuous Service Improvement 5. Develop a Comprehensive Five-Year Planning Strategy Financial (Tech Refresh) Governance (Alignment with UTC Strategic Priorities) Customer Service (Creating a University-Wide Help Desk)

20 Capital Project Status Update Fund SourceProject NameBudgetCurrent StatusMilestone Date StateNew Library Building$48,000,000Contract AwardComplete Spring 2013 Student FeesARC Natatorium$8,600,000ConstructionComplete July 2011 StateBoiler Repl. Ph2$3,360,000ConstructionComplete July 2011 StateMetro Renovation, Ph2$4,600,000DesignBid Oct 2011 AuxiliaryStagmaier Housing$3,500,000DesignComplete Fall 2012 StateADA/Founders Elevator$250,000DesignPending additional funds OperatingSouth Stadium Demo$500,000DesignComplete Fall 2011 StimulusAcademic Math Mall$450,000ConstructionComplete Aug 2011 StimulusPatten House Exterior Rpr$700,000ConstructionComplete Fall 2011 StimulusFire Alarm Upgrades$200,000DesignUnder TFM Review StimulusWindow Replacements$500,000Phased ConstructionComplete Dec 2011 StimulusRoof Replacement$600,000ConstructionComplete Fall 2011 StimulusRestroom Upgrades$600,000ConstructionComplete August 2011 StimulusBretske Hall Renovation$1,540,000DesignBid Sept 2011 StimulusMaclellan Gym Imprvmts$1,350,000DesignTBD Facility FeeCampus Landscape, Ph2$2,300,000DesignBid Spring 2012 StateHolt Hall Improvements$7,450,000Awaiting DesignerDesign start Fall 2011

21 2010 Master Plan Master Plan Goals and Objectives Development Strategic Plan relationship to the Physical Campus Evaluation of 2000 Campus Master Plan Comprehensive Housing Master Plan Sustainable Campus Perspective Greenspace Plan Athletics & Recreation Spaces Circulation & Transportation Land Use & Acquisition Plan Campus Infrastructure Campus Renewal, Reprogramming, & Asset Maintenance Plan Space Utilization and affinity program alignment

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