town hall meeting budget update and planning november 13, 2006
DESCRIPTION
Town Hall Meeting Budget Update and Planning November 13, 2006. Agenda Summary of FY 06 Budget for FY 07 Issues for FY 08 and FY 09 Preliminary FY 08 View Budget Advisory Group Time Line. Fall to Fall Retention New Entering Students 0 2-03 03-04 04-05 05-06 - PowerPoint PPT PresentationTRANSCRIPT
Town Hall Meeting
Budget Update and PlanningNovember 13, 2006
Town Hall Meeting
Budget Update and PlanningNovember 13, 2006
FYEFY 2001 through 2007
10,000
11,000
12,000
13,000
14,000
15,000
Fiscal Year
Students Total FYE Enrollment
Projected Enrollment
Fall FTE
6,4006,4506,5006,5506,6006,6506,700
2003 2004 2005 2006 2007
Fiscal Year
Students
AgendaAgenda
Summary of FY 06Summary of FY 06 Budget for FY 07Budget for FY 07 Issues for FY 08 and FY 09Issues for FY 08 and FY 09 Preliminary FY 08 ViewPreliminary FY 08 View Budget Advisory GroupBudget Advisory Group Time LineTime Line
FYEFY 2001 through 2007
10,000
11,000
12,000
13,000
14,000
15,000
Fiscal Year
Students Total FYE Enrollment
Projected Enrollment
Fall to Fall Retention New Entering Fall to Fall Retention New Entering StudentsStudents
02-03 03-04 04-05 05-06NEF 72% 72.4% 70.7% 72.5%
NET 73.7% 75.2% 73% 73.9%
FYE NA NA NA 75.5%
Graduation RatesGraduation Rates
NEF (Full & Part Time)NEF (Full & Part Time)
3-Yr 4-Yr 5-Yr 6-Yr
1999 Cohort 13.4% 37.1% 44.9%
2000 Cohort 17.5% 39.2% 46.4%
NET (Full & Part Time)NET (Full & Part Time) 3-Yr 4-Yr 5-Yr 6-Yr
1999 Cohort 30.4% 47.1% 54.8% 57.3% 2000 Cohort 32.5% 48.5% 56.3% 58.8%
On-Line Course EnrollmentsOn-Line Course Enrollments
FY 04 3,282
FY 05 4,277
FY 06 7,858
In FY 06, 60% of enrollments were by students also enrolled in day classes.
High School GraduationHigh School Graduation2003-20132003-2013
11.7% decline in 5-state (MN, ND, SD, IA, WI)11.7% decline in 5-state (MN, ND, SD, IA, WI) 10.3% decline in MN10.3% decline in MN 19% decline in white graduates19% decline in white graduates 52% increase in graduates of color52% increase in graduates of color
Authorized Faculty SearchesAuthorized Faculty SearchesFall 07Fall 07
Probationary 31Probationary 31
Fixed Term 9Fixed Term 9
Applied DoctoratesApplied DoctoratesEd.D. in Higher Education AdministrationEd.D. in Higher Education Administration
Psy.D. in Applied PsychologyPsy.D. in Applied PsychologyAud.D. in AudiologyAud.D. in AudiologyD.B.A. in BusinessD.B.A. in BusinessD.N.P. in NursingD.N.P. in Nursing
Budget Advisory Group
Charge
Serve as a broadly based forum for discussion and advice on the process,
system and structure of the allocation/reallocation of resources to
insure support of the mission, vision and strategic plan of the University and
review the execution of the budget plan as each fiscal year progresses.
Budget Advisory GroupProcess
Meets Bi-WeeklyMeets Bi-Weekly Tuesdays 12:45 p.m. – 1:45 p.m. AMCTuesdays 12:45 p.m. – 1:45 p.m. AMC Open MeetingsOpen Meetings Recommendations forwarded toRecommendations forwarded to President and through M&C ProcessPresident and through M&C Process
Budget Advisory GroupInitial Activities
Recommend Budget PrinciplesRecommend Budget PrinciplesEstablish Ad Hoc Work GroupsEstablish Ad Hoc Work Groups
Budget AssumptionsBudget AssumptionsBase Budget AnalysisBase Budget AnalysisTuition AnalysisTuition AnalysisBudget Models for FutureBudget Models for Future
Budget Advisory GroupCurrent Budget Planning Cycle
Issues
Assumptions for 08 and 09Assumptions for 08 and 09Initiative FundsInitiative FundsTuition ProposalsTuition ProposalsInfluences of Budget on PerformanceInfluences of Budget on Performance IndicatorsIndicators
Budget Advisory GroupFuture Budget Planning Issues
Review of Budget ModelsReview of Budget ModelsReview of Base BudgetsReview of Base BudgetsStaying Abreast of TrendsStaying Abreast of Trends
BudgetTime Line
October, 2006-Initial decisions made for FY 08 faculty searches-“Final” fall enrollment determined
November, 2006-Workgroups begin-Town Hall budget meeting-Requests made of units for recommendations for reallocations or resources for FY 08-Initial OOC budget request determined-Audited financial statements complete
December, 2006-Work Group on assumptions report results
BudgetTime Line, cont.
January, 2007 -Work Groups on tuition, models and base budget report results
February, 2007-Town Hall budget meeting
April, 2007-OOC provides initial estimates of allocation-“Trial” budget constructed around allocation and assumptions -Town Hall budget meeting
BudgetTime Line, cont.
May, 2007 -Appropriation set for FY 08 and FY 09
-Initial supply and equipment allocationsJune, 2007
-Tuition setJuly, 2007
-Initial state allocation fixedAugust, 2007
-Town Hall budget meetingNovember, 2007
-Budget Model in place to review initial FY 09 allocations
Budget WEB site URLBudget WEB site URL
www.stcloudstate.edu/budgetwww.stcloudstate.edu/budget
QuestionsQuestions