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UGA Budget Update April 23, 2009

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Page 1: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UGA Budget UpdateUGA Budget UpdateApril 23, 2009April 23, 2009

Page 2: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

University of Georgia Budget is affected by the following:University of Georgia Budget is affected by the following:

National EconomyNational EconomyGeorgia

Economy and

State Budget

Georgia Economy

andState Budget

Regents’ BudgetRegents’ Budget

Page 3: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

National Economic Indicators

National Economic Indicators

Dow Jones Industrial Average

Dow Jones Industrial Average

12,800

6626

7837

11,500

8451

Page 4: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

NationalUnemployme

ntRate

NationalUnemployme

ntRate

NationalHousing

Sales

NationalHousing

Sales

NATIONAL ECONOMIC

INDICATORS

NATIONAL ECONOMIC

INDICATORS

Page 5: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

National Inflation RateNational Inflation Rate

NATIONAL ECONOMIC

INDICATORS

NATIONAL ECONOMIC

INDICATORS

Page 6: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

Georgia Unemployment Rate

Georgia Unemployment Rate

GEORGIA ECONOMIC INDICATORS

GEORGIA ECONOMIC INDICATORS

Page 7: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

% change from

month/2008to

month/2009

% change from

month/2008to

month/2009

GEORGIA ECONOMIC INDICATORS

GEORGIA ECONOMIC INDICATORS

Denotes change in collection procedure

Denotes change in collection procedure

Georgia Revenue Collections

Georgia Revenue Collections

Page 8: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

GEORGIA ECONOMIC INDICATORS

GEORGIA ECONOMIC INDICATORS

AgricultureAgriculture - 6 %- 6 %

Community AffairsCommunity Affairs - 49 %- 49 %

CorrectionsCorrections - 5 %- 5 %

GBIGBI - 7 %- 7 %

Natural ResourcesNatural Resources - 19 %- 19 %

Public SafetyPublic Safety - 14 %- 14 %

Cuts to other state agencies

Cuts to other state agencies

Page 9: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

REGENTS BUDGET CUTS

REGENTS BUDGET CUTS

FY 10 Budget cut $275 million

FY 10 Budget cut $275 million

State appropriations per student for System

State appropriations per student for System

Page 10: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

CUTS AT PEER/ASPIRATIONAL

INSTITUTIONS

CUTS AT PEER/ASPIRATIONAL

INSTITUTIONS

11.7 % 11 % 10 %

12 %15 to 25

%17.7 %

Page 11: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

Over 400 vacant positions shift work burdens to others

Travel funds are restricted

Staff/Administrative support is reduced

Governor and Legislative leadership are aware of our difficulties and UGA requires long-term state support

Over 400 vacant positions shift work burdens to others

Travel funds are restricted

Staff/Administrative support is reduced

Governor and Legislative leadership are aware of our difficulties and UGA requires long-term state support

Cut to UGA’s “A” Budget (Resident Instruction): $47.7 million

Cut to UGA’s “A” Budget (Resident Instruction): $47.7 million

Page 12: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

UGA’s “B” Budget units and special initiativescut $12 million

No FY 10 merit increase

Some student impact

Utility shortfall of $13.7 million has been reducedto $8.7 million by management/conservation

$6 million gap in insurance cost has been cut in half

UGA’s “B” Budget units and special initiativescut $12 million

No FY 10 merit increase

Some student impact

Utility shortfall of $13.7 million has been reducedto $8.7 million by management/conservation

$6 million gap in insurance cost has been cut in half

What do we know? What do we know?

Page 13: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

Board of Regents has discontinued “Fixed for Four”

UGA / Georgia Tech now operate under separate tuition structure than other BOR institutions

Incoming freshmen will pay 25% higher tuition than this year’s freshman class--$3,035

Tuition increase means $14 million for UGA

Extension of $100 fee means $7 million

Tuition for incoming students is set at a flat rate of 15 hours

Board of Regents has discontinued “Fixed for Four”

UGA / Georgia Tech now operate under separate tuition structure than other BOR institutions

Incoming freshmen will pay 25% higher tuition than this year’s freshman class--$3,035

Tuition increase means $14 million for UGA

Extension of $100 fee means $7 million

Tuition for incoming students is set at a flat rate of 15 hours

Tuition and formula allocationTuition and formula allocation

Page 14: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

At UGA and Georgia Tech, almost 6,000 of the 6,758 freshmen took 13 hours or more

Intent is to increase credit-hour production and speed graduation timeline

Fifth-year seniors will pay the freshman rate - a 40% increase over this year

At UGA and Georgia Tech, almost 6,000 of the 6,758 freshmen took 13 hours or more

Intent is to increase credit-hour production and speed graduation timeline

Fifth-year seniors will pay the freshman rate - a 40% increase over this year

Tuition and formula allocationTuition and formula allocation

Page 15: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

Capital funding of $5.9 million for Northwest Precinct utility plant and $26.6 million for Special Collections Library

$7.7 million in new funding for the MCG/UGA Medical Partnership

Special thanks to Senator Bill Cowsert and Representative Bob Smith

Capital funding of $5.9 million for Northwest Precinct utility plant and $26.6 million for Special Collections Library

$7.7 million in new funding for the MCG/UGA Medical Partnership

Special thanks to Senator Bill Cowsert and Representative Bob Smith

Much-needed funding from Legislature

Much-needed funding from Legislature

Page 16: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

Administration has tried to allow units as much flexibility as possible in deciding how to manage the cuts

Deans, directors and department heads are best equipped to manage their own budgets

Administration has tried to allow units as much flexibility as possible in deciding how to manage the cuts

Deans, directors and department heads are best equipped to manage their own budgets

Institutional versus unit-based decision makingInstitutional versus unit-based decision making

Page 17: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

Special Session

Additional Cuts

Layoffs/Furloughs

Travel Funds

Special Session

Additional Cuts

Layoffs/Furloughs

Travel Funds

What we don’t knowWhat we don’t know

Page 18: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

Page 19: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UNIVERSITY OF GEORGIA

CHALLENGES

UNIVERSITY OF GEORGIA

CHALLENGES

Important for UGA

Important for Georgia

Important for future (economic development)

Maintaining quality will require increasedstate and private support

Important for UGA

Important for Georgia

Important for future (economic development)

Maintaining quality will require increasedstate and private support

UGA is worth the investment !

UGA is worth the investment !

Page 20: UGA Budget Update April 23, 2009. University of Georgia Budget is affected by the following: National Economy Georgia Economy and State Budget Georgia

UGA Budget UpdateUGA Budget UpdateApril 23, 2009April 23, 2009


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