1. Planning and Budget Committee January 16, 2015

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

3. Fiscal Year 2015 as of 12/31/2014

4. Revenue Comparison FY08 to FY14

5. Expenditure Comparison FY 08 to FY14

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

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

8. 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

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