Budget & Planning

 Part I. Estimate of funding -COMPLETE  Identify source(s) of funding  Less Carry forward of tuition (3% of Tuition Revenue)  Less known fixed cost increases  Part II. Identify Priorities - COMPLETE  Division’s submit top 1o requests over $10k (must be one-time costs)  Part III. Sub-committee review - COMPLETE  Team members from Facilities, ITS, Procurement, Finance, Budget, and Academic Affairs, & AVP for Operations  Purpose is to determine ANY CONSTRAINTS- timing, resources, support, purchasing requirements, conflicts with other projects, OR opportunities for collaboration

 Part IV. PPBAC review/recommendations -COMPLETE  VP’s/Division Heads present requests  PPBAC makes recommendations as to funded projects and prioritization  Part V. Division Spending – IN PROGRESS  March timeframe VP’s/Division Heads will be provided with operating balances for all departments in Division.  Allows opportunity to redirect funds as needed to meet division needs  Part VI. Institutional Department Funding sweep – PENDING  First week of June, Office of Budget & Planning will draw down any uncommitted funds from department budgets  Funding used to support approved year-end projects not already funded

 Deadlines can be found at:  IT Purchase quotes and approvals (from UITS) for items$10,000 or more – 5/1/15  IT Purchase quotes and approvals for items less than $10,000 -5/8/15  ePro requisitions (requiring bid) for items less than $50k – 5/5/15  Travel requests for trips June 15 th or prior – 5/8/15

Division/UnitAmount Academic Affairs$ 1,906,891 Operations$ 6,152,705 Student Success$ 295,032 Advancement$ 50,000 Diversity$ 36,000 External Affairs$ 54,864 Legal Affairs$ 11,000 TOTAL$ 8,506,492 FULLY-FUNDED

 Additional funding is anticipated based on current review of division available balances  Funding will be used first for  safety/security concerns,  facility maintenance, improvements and renovations, and  IT infrastructure and IT lifecycle replacements

QUESTIONS

 State Appropriations$2.8 m  Tuition rate increase (4.3%)$3.2 m  Enrollment increase (FY15)$5.0 m  Enrollment increase (FY16)$1.4 m  Institutional fee rate increase$1.7 m  Less state reductions$0.25m FUNDING AVAILABLE $13.8 m

 Maintenance/Licenses, Utilities,etc$0.8 m  FY15 Commitments $3.5 m  FY16 Faculty promotions$0.3 m  FY16 Merit adjustments $2.3 m  FY16 Faculty & Staff equity (TBD)$0.5 m  FY16 Commitments $1.9 m Total Known Costs $9.3m Balance $4.5m

 Initial Division Requests totaled $9.1m  KSU submitted a request of $3.45 m to Board of Regents  Board of Regents funded $2.8m  Additional funding from other sources $1.6m

 Allocated as follows:  Academic Affairs$2.3m  Operations$1.5m  Student Success$0.25m  External Affairs$0.2m  University Advancement$0.15m Total Funded Division Requests$4.4m (48% of initial request funded)

 KSU received $4.9m for English Building Renovation/Addition

QUESTIONS/WRAP UP