Presentation is loading. Please wait.

Presentation is loading. Please wait.

The University of California The University Budget Debora Obley Associate Vice President Budget and Capital Resources Office of the President November.

Similar presentations


Presentation on theme: "The University of California The University Budget Debora Obley Associate Vice President Budget and Capital Resources Office of the President November."— Presentation transcript:

1 The University of California The University Budget Debora Obley Associate Vice President Budget and Capital Resources Office of the President November 2011

2 The University of California Today’s Discussion Systemwide Budget Process Impact of the Current Budget Crisis Key Budget Issues Funding Streams Initiative 2

3 The University of California Budget Office Mission Budget Development Budget Negotiation Budget Management 3

4 The University of California Budget Development UC Drafts Budget Request January July Negotiations with Department of Finance Regents Approve Budget Request Governor’s Budget Internal Consultation Year 1 4

5 The University of California Budget Negotiation UC Drafts Budget Request January July President Meets with Department of Finance Regents Approve Budget Request Governor’s Budget Legislative Analyst Recommendations Subcommittee Hearings Internal Consultation Year 1 Conference Committee Senate and Assembly Approve Budget Bill Governor’s Vetoes and Signature 5

6 The University of California Budget Management January July Year 1 President’s Preliminary Allocations Start of Fiscal Year 6

7 The University of California Budget Management Campuses Expend Funds January July President’s Final Allocations Year 2 Fiscal Close 7

8 The University of California Budget Management Development of New Budget January July Year 3 Fiscal Close Accountability Reporting 8

9 The University of California Internal Budget Consultation President Vice Presidents Campus Leadership Council of Chancellors Campus EVCs/Provosts Budget Vice Chancellors Other Vice Chancellors Regents Bimonthly meetings Individual consultation Faculty Academic Council UC Planning and Budget Committee Committee on Faculty Welfare Students UC Student Association Meetings with President Quarterly student meetings 9

10 The University of California The Budget Request Enrollment growth and instructional programs Compensation and non-salary items Post-employment benefits Savings, alternative revenues, and restorations Financial aid Total increase in expenditures 10 $36.6 $197.2 $92.8 $85.0 TBD $411.6 (MILLIONS OF DOLLARS)

11 The University of California Sources of Funds - $22.5B (MILLIONS OF DOLLARS) 11

12 The University of California Recent History through : –3% base budget increases during and and 4% during –Enrollment growth of ~5,000 students annually (2.5%) –Additional funding to avoid student fee increases in and beyond: –State fiscal crisis results in unprecedented cuts for UC –ARRA funding provides temporary relief in some years 12

13 The University of California Budget (MILLIONS OF DOLLARS) %

14 The University of California Budget 14 (MILLIONS OF DOLLARS) Budget Gap: $1.5 billion

15 The University of California Change in Funding per Student Per-student Average Expenditures for Education, Adjusted for Inflation 15

16 The University of California Key Budget Issues Competitiveness of faculty and staff salaries Retirement contributions and retiree health Enrollment growth and graduate enrollment Student fees and student financial support Capital outlay 16

17 The University of California Faculty Salaries Lag the Market Faculty Salaries as a Percentage of Market 17

18 The University of California Staff Salaries Also Lag the Market Increases in Funding for Staff Salaries Compared to Market 18

19 The University of California Retirement Contributions * Employer4%7%10%12% Employee2%3.5%5%6.5% No contributions for 19 years Funded status of plan has declined to 83% No funding yet provided by the State 19 * proposed

20 The University of California Retiree Health Benefits Pay-as-you-go system Rising numbers of retirees Rising health care costs Unfunded liability: $14.6 billion State has contributed to support costs in recent years 20

21 The University of California State-supported Enrollment 21

22 The University of California Graduate Enrollment Proportion 22

23 The University of California Fee Comparisons University of California And Public Comparison Institution Fees 23

24 The University of California Gift Aid Reaching $2.35 Billion 24

25 The University of California UC Remains Accessible Undergraduate Pell Grant Recipients 25

26 The University of California Capital Outlay Past priorities: –New facilities for enrollment growth –Seismic upgrades Future priorities: –Facilities modernization –Program improvements –Continuing seismic upgrades 26

27 The University of California Capital Project Objectives Growth-Related Projects 27

28 The University of California Funding Streams Initiative 28

29 The University of California Why did we implement the Funding Streams Initiative? Promote transparency and simplicity Incentivize campuses to maximize revenue Address campus concerns about Educational Fee, Indirect Cost Recovery, and other fund source distribution 29

30 The University of California Distribution of Core Funds Revenue by Source Location 30

31 The University of California Distribution of Core Funds Revenue by Source Location 31

32 The University of California General Campus Core Funds Budgets per Student 32

33 The University of California Re-distribution of Educational Fee Increase Revenue 33

34 The University of California Funding Streams Principles All funds generated on a campus stay on a campus The only exception is undergraduate financial aid Funds previously supporting UCOP returned to campuses UCOP is now funded on a flat tax 34

35 The University of California UCOP Assessment – 1.6% for Assessment supports $277.7 million for: –General Administration –Central Services –Central Academic Programs –Systemwide Initiatives 35


Download ppt "The University of California The University Budget Debora Obley Associate Vice President Budget and Capital Resources Office of the President November."

Similar presentations


Ads by Google