fiscal advisory committee 2005-2006 highlights. committee charge the purpose of this committee shall...
TRANSCRIPT
Fiscal Advisory Committee
2005-2006 Highlights
Committee Charge
The purpose of this committee shall be to review the University's fiscal resources and to make recommendations regarding the utilization of these fiscal resources to the President's Administrative Council.
Committee Charge
The committee shall focus its efforts on the following activities:
• becoming knowledgeable about the internal and external mandates that affect the allocation of the University's fiscal resources; • examining the University's plans and priorities in making recommendation regarding current and on going initiatives; • reviewing and commenting on the University's operational budget; • advising or recommending the disbursement of supplemental and discretionary funds as they become available;
Committee Charge
The committee shall focus its efforts on the following activities:
•providing input in the development of reports for the University of Maryland System and for the Maryland Higher Education Commission on the University's fiscal allocation plans and actions; and • reviewing the University's annual expenditures and providing an annual report to the Salisbury University Forum that summarizes fiscal activity for the year in meeting the University's mandates and priorities.
Committee Charge
The committee shall consist of
•the Vice President of Business and Finance (ex-officio and non-voting) (Mitchell);
•five faculty serving three-year terms (Diriker, Dunn, Horne, Laird, Long)
•three staff serving three-year terms (Gray, Rayne, Emery);
•and two students serving one-year terms (Kevin Dallaire, Sara Pagano)
Special Thanks to:
Greig Mitchell Alan Selser Betty Crockett
2004 and onward
Continued use of SU Campus Governance webpage which
http://www.salisbury.edu/campusgov/
Provides links to detailed information on the committee’s activities
http://www.salisbury.edu/campusgov/fiscaladvisory/
Summer 2005
Developed Budget Communication Outline Serves as a guide to committee
operations based on proposed dates Provides the committee with a
structure based on dates and budget related activities
Available from the committee’s main page:
September and October, 2005
Financial projections for the year available at:
http://www.salisbury.edu/budget/budgetpres.htm
Clarified role of committee within existing university governance structure
Followed news and updates on tuition and fees
Developed an annual process for supplemental funding whether or not funding is available
Supplemental Funding Process
Send out request for list of priorities to vice presidents during fall Memo available from committee webpage
Deadline for priority lists from vice presidents January 31
Determination of possible funding by April Recommendations to President’s
Administrative Council by May 1 Allocations determined during May by
administration (pending)
November, 2005
Kevin Mann presented information related to physical plant projects
To view current listing of projects, take the link from the committee page or: http://www.salisbury.edu/physplant/projects.asp
Discussed Teacher Education and Technology Center (TETC) needs
Investigated fees for part-time students
January, 2006
Working with possible impact of governor’s budget on SU and USM
Administration & finance shared the SU FY 2007 request Mandatory costs Possible, negotiable program initiatives
Additional staff &faculty Conversions Operating expenses Many others
January, 2006
Working with possible impact of governor’s budget on SU and USM
Considered two scenarios: (1) tuition increase of 4.5% (2) no tuition increase
Received memorandum and instructions to be used to justify increasing operating budgets across campus
Committee will provide input after receipt of priorities from VP’s (pending)
February 2006
Priority lists for supplemental funding distributed to committee Funding level, if any unknown
Committee would prioritize funding based on: Possible funding Attention to issues such as
Health and safety Enhancing academics Attention to economy and efficiency Consideration of the Academic Long Range
Plan others
February 2006
Capital Budget issues: How and when is a building placed in
line for construction? Not determined by SU; determined at
the state level Parking
March, 2006
Possible supplemental funding still unknown
Middle States Standards and Site visit
Faculty Senate determines it will form its own finance committee to address faculty issues
Committee discusses priority lists
April, 2006
Committee established funding priorities and distributed recommendations per committee charge: sample page
Funding level = $426,638 after $556,000 obligations
More information in April 21, 2006 notes
Pending end of year activities
FY 2007 budget allocations with possible needs: New positions (staff and faculty) Eliminate reliance on Auxiliaries to
balance E&G Operating budget enhancements Faculty recruitment/retention Admissions/marketing plan
Pending end of year activities
FY 2007 budget allocations with possible needs: PC and smart classroom equipment
fund Ward Museum Reclassifications (non-exempts) Contingent II conersions Equipment fund – flet One time needs: TETC, IT Leg Audit,
Electrical loop, PeopleSoft Upgrade
Pending end of year activities
Committee annual report Committee guidelines Committee chair guidelines
Questions?