UW-Platteville Budget Open Forum January

Timeline for Budget Decisions Overview of Financial Projections Process to come up with the options Review options – Budget Reduction Options for Review – Options for Revenues – Expenditure Investments Feedback Q&A 2 Agenda

Distribute Recommendations to UW-Platteville community – January 16, February 3, 2015 – Governor Walker’s Budget Address Feedback and Recommendations – governance groups provide feedback by March 2, Finalize Budget for UW System – final decisions on recommendations to address the structural imbalance – March 13, Building Commission Review of Capital Budget Requests – March 2015 – recommendations are sent to the Joint Committee on Finance for consideration. Legislative development of Biennial Budget – March – May 2015 (?). Communicate UW-Platteville’s proposed Annual Budget to UW System – April 15, Biennial Budget finalized – Governor signs, with any vetoes, and legislative review of vetoes complete – TBD – estimate June New fiscal year start – July 1, UW-Platteville Budget approved by Board of Regents – July 9, Timeline

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All budgeted funds are expended Flat enrollment (resident undergrad, TSI, other) Additional faculty compensation (2%, 2%, 1%, 1%) No change in TSI premium or incentive grants No state funding to offset tuition freeze No state funding to offset tuition freeze No further state budget cuts 5 Key Assumptions

Process Meetings with Senior staff and faculty senate chair Developed options to consider for revenues, expenditures, and spending needs Categorized options: – Yes – Recommendation is to proceed with action item. – Maybe – Recommendation is to potentially proceed with action item. – No – Recommendation is not to proceed with action item. Requesting feedback from each senate by March 2 on the proposed options and other ideas 6

The options identified impact 70 positions – positions eliminated, reduced, or changed from faculty to academic staff Services will be impacted – specific choices will determine where and to what extent Further review will occur for areas identified as “TBD” to collect more information 7 A Difficult Set of Choices

Options reduction-planning Budget Reduction Options for Review Options for Revenues Expenditure Investments 8

Suggestions/Comments document is updated daily based on s received. 9

Q&A 10