Planning and Budget Committee January 16, 2015

Agenda Current Financial Position Revenue and Expenditure Comparisons FY08 to FY14 Simplified Budget Process

Fiscal Year 2015 as of 12/31/2014

Revenue Comparison FY08 to FY14

Expenditure Comparison FY 08 to FY14

Simplified Budget Process Determine Revenue Changes Determine Expenditure Changes Calculate difference between expected revenue and expected expenditures Develop final budget

Revenue Sources State Appropriations – Last year $22,660,000 Tuition and Fees – Enrollment projections Other Income – Indirect Cost Recovery

Sub-Committees Formed Enrollment Projections – Chair: George Schaefer – Charge: Determine a data driven estimate of fall 2015 credit hour production Impact of Tuition Increases – Chair: Allison Terry – Charge: Determine the impacts of tuition increases on the university and our students

Expenditures Tenure and Promotion Salary and Wage Increases – Annual Merit Increases – Supplement Debt Service Strategic Plan Priorities