www.flbog.edu budget & finance committee tico perez, chair september 15, 2010
DESCRIPTION
Operating Budget Each Board of Trustees prepares and adopts a budget Board of Governors Master Power & Duties require approval Universities budget conforms with Regulation Universities indicate compliance with maintaining a 5% reserveTRANSCRIPT
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Budget & Finance Committee Tico Perez, Chair September 15, 2010
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SUS 2010-11 Operating
Budget Overview
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2010-11 Operating Budget
• Each Board of Trustees prepares and adopts a budget
• Board of Governors Master Power & Duties require approval
• Universities budget conforms with Regulation 9.007
• Universities indicate compliance with maintaining a 5% reserve
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SUS 2010-11 Operating Budget
Education & General (State-
Stimulus Funds) 25%
Auxiliary12%
Contracts & Grants22%
Local Funds*25%
Faculty Practice3%
Education & General (Tuition)
13%
* financial aid, student activities, athletics, technology, concessions
62% of the Funds are Restricted to Contracts & Grants, Auxiliaries, Local Funds & Faculty Practice..
$9.3 Billion
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State Appropriations
Overview
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2010-11 State Budget - $70.4 Billion
General Government,
$4.5
Natural Resources,
Environment, Transportation,
$9.8
Criminal Justice, $4.6
Judicial, $0.5
Education, $22.5
Health & Human
Services, $28.5
$3.7 B Federal Stimulus
32% 40%
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Education Receives 55% of the State Operating Budget
Health Services, $6.7
Judicial, $0.05
Education, $13.5
General Government,
$.8
Criminal Justice, $3.4
Nat. Resources, Environ,
Trans. $0.2
State Universities,
$2.2Community Colleges,
$1.0
Early Learning,
$0.3
Public Schools, $9.3
Other, $.7
2010-11 Appropriations
State Operating Budget - $24.6 B
Education Operating Budget - $13.5 B
55%
16%
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Lottery & General Revenue Projections
$25,741$22,569 $24,028 $25,509 $26,200 $27,623
$29,42520
07-0
8
2008
-09
2009
-10
2010
-11
2011
-12
2012
-13
2013
-14
* 2011-12 through 2013-14 are estimates.Source: Lottery & GR Estimating Conferences (Summer Projections)
Estimates do not include oil spill impact.
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Legislative 3-year Financial Outlook
• 2010-11 general revenue fund is solvent• Projected shortfalls in each of next 3 years
2011-12 Projection (in millions) TotalAvailable General Revenue $25,216.
0
Base Budget 22,608.4Tnsfr to Budget Stabilization fund
214.5
Critical Needs 3,221.6High Priority Needs 1,682.3 Total Expenditures $27,726.
8Balance ($2,510.8
)
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5% & 15% State Budget Reduction Plans
2011-12 Legislative Budget Request instructions request each agency to development reduction plans. A 5% reduction plan for the current year, effective 1/1/2011 and a 15% reduction plan for 2011-12. 2010-11:
5%2011-12:
15%SUS $100 M $300 MBoard Office
$180,000 $550,000
Since 2007-08*
$600 M$2 M
Current Funds
$2.15 B
$6.2 M
*Partially offset by other state appropriations for specific issues.
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SUS Appropriated E&G Operating Funds
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
Stimulus $0.0 $0.0 $0.0 $161.3 $146.9Tuition $942.6 $962.7 $1,022.1 $1,180.1 $1,303.6State $2,571.7 $2,568.2 $2,350.5 $2,062.7 $2,151.4
2006-07 2007-08 2008-09 2009-10 2010-11
-.1% -8.5% -12.2%
Changes in State Funds Appropriated:
4.3%
Millions
27% 36
%
60%
73%
4%
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PECO & General Revenue Funding
PECO General Revenue
Each education sector receives a formulaic portion of the total.
Each entity has to lobby for its portion of
the total.
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2011-12 Legislative
Budget Request
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Investments in Higher EducationInvestments in Higher Education
Appropriation Category
2010-11 Total Appropriation
2011-12 Budget Request
2011-12 $ and % Change
E&G Core Budget
$3,118,175,144 $3,124,735,789 $6,560,645 0.21%
UF-IFAS $131,797,053 $141,584,811 $9,787,758 7.4%UF-HSC $141,968,499 $158,711,054 $16,742,55
511.8%
USF-HSC $103,966,701 $99,898,929 ($4,067,772)
-3.9%
FSU-MS $49,233,747 $45,375,225 ($3,858,522)
-7.8%
FIU-MS $27,899,871 $30,030,364 $2,130,493 7.6%UCF-MS $23,643,914 $29,024,141 $5,380,227 22.8%Sub-Total $3,596,684,929 $3,629,360,313 $32,675,38
49.1%
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Investments in Higher EducationInvestments in Higher Education
Appropriation Category
2010-11 Total
Appropriation
2011-12 Budget Request
2011-12 $ and % Change
E&G/Special Units $3,596,684,929
$3,629,360,313 $32,675,384
9.1%
IHMC* $1,502,953 $2,507,500 $1,004,547 66.8%Moffitt Cancer Ctr. $10,889,781 $10,314,381 ($575,400) -5.3%Distance Learning $278,859 $278,859 $0 -------Major Gifts $0 $193,941,311 $193,941,3
11-------
Grand Total $3,609,356,522
$3,836,402,364 $227,045,842
6.3%*Institute of Human & Machine Cognition
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• New Florida Initiative - $150 M
– STEM Disciplines - $40 M– Enrollment Growth - $7.2 M– Student Access and Services - $28 M– Research/Technology Opportunities - $42.7
M– Medical Education - $32 M
Key 2011-12 IssuesKey 2011-12 Issues
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• Plant, Operation and Maintenance - $39.6 M
• Base Operating General Revenue - $14.2 M
• Florida Institute of Oceanography - $7.2 M
• Major Gift Matching Program - $193.9 M
Key 2011-12 IssuesKey 2011-12 Issues
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E&G Funding per FTE Student
$3,000
$4,500
$6,000
$7,500
$9,000
$10,500
$12,000
$13,500
Total State Tuition
$12,467 $11,8
51
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Board General Office
Appropriation Category
2010-11 Total
Appropriation
2010-11 Non-
Recurring Appropriatio
n
2010-11 Recurring
Appropriation
2011-2012 BOG
Request
Salary & Benefits $5,014,722 ($1,284,000) $3,730,722 $5,014,722OPS $40,673 ($6,300) $34,373 $40,673Expenses $988,695 ($190,000) $798,695 $988,695OCO $55,112 ($2,380) $52,732 $55,112Contracted Services
$84,982 ($50,000) $34,982 $84,982
TR DMS Contract $25,015 $0 $25,015 $25,015Total $6,209,199 ($1,532,680) $4,676,519 $6,209,199
53 authorized positions