Presentation on theme: "Budget Model Results Fiscal Year 2010. Prior budget system featured central control and fixed budgets Current budget system is variable with decentralized."— Presentation transcript:
Budget Model Results Fiscal Year 2010
Prior budget system featured central control and fixed budgets Current budget system is variable with decentralized decision-making New system began in July 2005 This report summarizes results for the fifth year under the new system.
Timing of Transfers Fees – each semester Special programs – each semester Tuition – end of year Updates Provided during the year
ActualBudgetedDifference State Appropriations$ 21.5M$ 21.6M$ (0.1)M Tuition & Fee Revenue64.1M60.0M4.1M Other Revenue0.8M0.5M0.3M Total$ 86.4M$ 82.1M$ 4.3M Total General Fund revenue above budget: $4.3M
* Includes Chancellor, Provost, Associate Provost, Vice Chancellor for Business & Finance, and Division of Student Affairs.
Revenue Targets: Undergraduate – assumed tuition up 3.9% and enrollment up 4% Graduate – assumed tuition up 2.9% and enrollment up 4.8% Change in State Appropriations Change in Fixed Costs Note: Fixed costs include utilities, debt service payments, maintenance contracts, business operations and insurance recharges.