1. www.flbog.edu Budget & Finance Committee Tico Perez, Chair September 15, 2010 www.flbog.edu

2. SUS 2010-11 Operating Budget Overview

3. www.flbog.edu 2010-11 Operating Budget Each Board of Trustees prepares and adopts a budget Board of Governors Master Power & Duties require approval Universities budget conforms with Regulation 9.007 Universities indicate compliance with maintaining a 5% reserve

4. www.flbog.edu SUS 2010-11 Operating Budget * financial aid, student activities, athletics, technology, concessions 62% of the Funds are Restricted to Contracts & Grants, Auxiliaries, Local Funds & Faculty Practice.. $9.3 Billion

5. www.flbog.edu State Appropriations Overview

6. www.flbog.edu 2010-11 State Budget - $70.4 Billion $3.7 B Federal Stimulus 32% 40%

7. www.flbog.edu Education Receives 55% of the State Operating Budget 2010-11 Appropriations State Operating Budget - $24.6 BEducation Operating Budget - $13.5 B 55% 16%

8. www.flbog.edu Lottery & General Revenue Projections * 2011-12 through 2013-14 are estimates. Source: Lottery & GR Estimating Conferences (Summer Projections) Estimates do not include oil spill impact.

9. www.flbog.edu Legislative 3-year Financial Outlook 2010-11 general revenue fund is solvent Projected shortfalls in each of next 3 years 2011-12 Projection (in millions)Total Available General Revenue$25,216.0 Base Budget22,608.4 Tnsfr to Budget Stabilization fund214.5 Critical Needs3,221.6 High Priority Needs1,682.3 Total Expenditures$27,726.8 Balance($2,510.8)

10. www.flbog.edu 5% & 15% State Budget Reduction Plans 2011-12 Legislative Budget Request instructions request each agency to development reduction plans. A 5% reduction plan for the current year, effective 1/1/2011 and a 15% reduction plan for 2011-12. 2010-11: 5% 2011-12: 15% SUS$100 M$300 M Board Office$180,000$550,000 Since 2007-08* $600 M $2 M Current Funds $2.15 B $6.2 M * Partially offset by other state appropriations for specific issues.

11. www.flbog.edu SUS Appropriated E&G Operating Funds -.1% - 8.5% - 12.2% Changes in State Funds Appropriated: 4.3% Millions 27% 36% 60% 73% 4%

12. www.flbog.edu PECO & General Revenue Funding PECO General Revenue Each education sector receives a formulaic portion of the total. Each entity has to lobby for its portion of the total.

13. www.flbog.edu 2011-12 Legislative Budget Request

14. www.flbog.edu Investments in Higher Education Appropriation Category 2010-11 Total Appropriation 2011-12 Budget Request 2011-12 $ and % Change E&G Core Budget$3,118,175,144$3,124,735,789$6,560,6450.21% UF-IFAS$131,797,053$141,584,811$9,787,7587.4% UF-HSC$141,968,499$158,711,054$16,742,55511.8% USF-HSC$103,966,701$99,898,929($4,067,772)-3.9% FSU-MS$49,233,747$45,375,225($3,858,522)-7.8% FIU-MS$27,899,871$30,030,364$2,130,4937.6% UCF-MS$23,643,914$29,024,141$5,380,22722.8% Sub-Total$3,596,684,929$3,629,360,313$32,675,3849.1%

15. www.flbog.edu Investments in Higher Education Appropriation Category 2010-11 Total Appropriation 2011-12 Budget Request 2011-12 $ and % Change E&G/Special Units$3,596,684,929$3,629,360,313$32,675,3849.1% IHMC*$1,502,953$2,507,500$1,004,54766.8% Moffitt Cancer Ctr.$10,889,781$10,314,381($575,400)-5.3% Distance Learning$278,859 $0------- Major Gifts$0$193,941,311 ------- Grand Total$3,609,356,522$3,836,402,364$227,045,8426.3% *Institute of Human & Machine Cognition

16. www.flbog.edu New Florida Initiative - $150 M – STEM Disciplines - $40 M – Enrollment Growth - $7.2 M – Student Access and Services - $28 M – Research/Technology Opportunities - $42.7 M – Medical Education - $32 M Key 2011-12 Issues

17. www.flbog.edu Plant, Operation and Maintenance - $39.6 M Base Operating General Revenue - $14.2 M Florida Institute of Oceanography - $7.2 M Major Gift Matching Program - $193.9 M Key 2011-12 Issues

18. www.flbog.edu E&G Funding per FTE Student $12,467 $11,851

19. www.flbog.edu Board General Office Appropriation Category 2010-11 Total Appropriation 2010-11 Non- Recurring Appropriation 2010-11 Recurring Appropriation 2011-2012 BOG Request Salary & Benefits$5,014,722($1,284,000)$3,730,722$5,014,722 OPS$40,673($6,300)$34,373$40,673 Expenses$988,695($190,000)$798,695$988,695 OCO$55,112($2,380)$52,732$55,112 Contracted Services$84,982($50,000)$34,982$84,982 TR DMS Contract$25,015$0$25,015 Total$6,209,199($1,532,680)$4,676,519$6,209,199 53 authorized positions