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Summary of 2015-2017Operating and Capital
Biennial BudgetUSI Board of Trustees
PresentationMay 1, 2015
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2015-2017 PERFORMANCE FUNDING FORMULA
Performance Funding of Total Operating
FY 2016 FY 2017
PFF % of Total Operating 4.0% 6.5%
Reallocation % of Base Operating 2.4% 3.2%
New Funding % of Base Operating 1.7% 3.5%
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2015-2017 PERFORMANCE FUNDING FORMULA
SUMMARYGeneral Assembly Passed
FY 2016 FY 2017Overall Degree Completion $533,513 $882,234
On-Time Degree Completion $349,243 $577,496At Risk Degree Completion $268,358 $443,848Student Persistence Incentive $79,336 $131,192Institution-Defined Productivity Metric $61,575 $101,775Total $1,292,025 $2,136,545
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2015-2017 PERFORMANCE FORMULA FUNDING
USI Operating Base Reductionto Fund Performance Funding
Formulas
$1,045,398 in FY 2016$1,424,840 in FY 2017
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OPERATING APPROPRIATION
2014-2015 Base Appropriation: $44,146,854
2015-2016 Base Appropriation: $44,393,481
2016-2017 Base Appropriation: $44,858,559
USI’s Operating Appropriation Increase Over FY 2015 Base
$246,627 – 0.6% in FY 2016$711,705 – 1.6% in FY 2017
Net of Base Reductions
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Historic New Harmony
No Increase in Operating Base Appropriation
2015-2017
$486,878
LINE ITEM APPROPRIATIONS
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Dual Credit Enrollment
Line Item Appropriation to Fund Dual Credit Priority Courses Taught
in High Schools at $50 Per Credit Hour
2015-2016 $320,450
2016-2017 $320,450
LINE ITEM APPROPRIATIONS
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• Classroom Renovation/Expansion Project – Health Professions Center
‒ $8 million in bonding authorization in FY17
• Academic Health Science Complex with the IU School of Medicine in downtown Evansville− $6 million cash funding for project
CAPITAL APPROPRIATION
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General Repair and Rehabilitation Appropriation
FY 2016 and FY 2017
$1,997,500
CAPITAL APPROPRIATION
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OTHER LEGISLATION
• Return and Complete Initiative• Funding for 21st Century Scholars
Program• Student Loan Disclosure• Higher Education Financial
Assistance for National Guard Scholarships
• Various Pension Matters Related to PERF
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NEXT STEPS
• Governor to sign HB 1001
• CHE to recommend tuition targets
• Institutions required to hold tuition hearing within 30 days of when CHE establishes targets
• Institutions required to set two-year tuition rates within 60 days of when budget is enacted
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Questions?