FY19 BUDGET DEVELOPMENT Main Campus Main Cam us AUM, AAES, A M, - PowerPoint PPT Presentation

FY19 BUDGET DEVELOPMENT Main Campus Main Cam us AUM, AAES, A M, AAES, ACES ES SBI Go SBI Governance rnance Budget allocations under Budge allocations under Budge Budget A Advisor visory Committ Committee ee hist historic model oric model Central Unit Allocation Committ Central Unit Allocation Committee Budge Budget A Advisor visory Committ Committees ees Space Management/Repair & Space Management/R epair & Reno novation Committ vation Committee ee Following favorable discussion, detailed budget development will proceed, with Proposed FY19 Budget to be presented in September Board meeting for approval. 2

PROJECTED RESOURCES AVAILABLE MAIN CAMPUS  State Appropriations - $6M increase  Tuition & fees - $28M increase  TOTAL $34M* *Does not include unit generated additional revenues such as professional fees, sales and services and other sources available for priorities 3

PROJECTED USES OF RESOURCES MAIN CAMPUS  Merit increases/benefits - $11.5M *  Average 3%  Contingency - $7.5M  Mandatory Costs - $11.1M  Strategic Initiatives - $3.9M  TOTAL $34M *Does not include unit salary/benefit costs in self-supporting units 4

OTHER DIVISIONAL GUIDELINES AND ALLOCATIONS AU AUM Available F ailable Fund nding – ing – Tuit uition in on increase & stat crease & state appr e appropriations opriations Priori Prioriti ties – es – Merit salar erit salary increas increases, f s, faculty pr culty promotio otions, ns, f fring inge b benefit i t incre creases, s, e enhan hancing cing academic pr academic programs ograms, and operati , and operational costs onal costs AAES AAES Available F ailable Fund nding – ing – Stat tate appr appropri opriation ations & & int intern rnal reallocati al reallocations ons Priori Prioriti ties – es – Merit salar erit salary increas increases, f s, faculty/ culty/staf aff pr f promo omotions, and frin , and fringe benefit ge benefit increas increases AC ACES Available F ailable Fund nding – ing – Stat tate appr appropri opriation ations & & int intern rnal reallocati al reallocations ons Priori Prioriti ties - es - Merit erit salar salary increases increases, f faculty culty/st staf aff pr f promo omotions, and fringe benef ons, and fringe benefit increases increases 5