UWF Budget Town Hall Meeting April 27, 2010 Dr. Judy Bense President University of West Florida...
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UWF Budget Town Hall Meeting April 27, 2010 Dr. Judy Bense President University of West Florida FY2012-2013 Budget President Judy Bense June 14, 2012
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Transcript of UWF Budget Town Hall Meeting April 27, 2010 Dr. Judy Bense President University of West Florida...
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
University of West Florida
FY2012-2013Budget
President Judy Bense June 14, 2012
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
Current Budget OverviewOne time reductionThe SPARA ProcessFY 12/13 InvestmentsProposed FY 12/13 BudgetPlans for next year…
Discussion Points
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
Current Budget Overview
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UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
$11.9m One Time Reduction for FY12/13
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$11.9M One Time ReductionYear End Carryforward @ June 30, 2012 $30 millionStatutory Reserve - $ 4.3 millionHurricane Reserve - $ 1.5 millionStrategic Reserve - $ 1.4 millionNon-Recurring commitments - $ 2.3 millionEncumbrances, grant matching funds, division and college reserves, and reserves for other unique assets
- $ 8.6 millionTotal $18.1m
Mandated Reduction $ 11.9 million
$11.9 Million Cut
• Use Carryforward• No recurring reductions• Use Central Reserves • Plan for sufficient funding of operations• Adjustments for unique assets and colleges• Hold the Legislature to their word!
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
FY12/13 Pilot of the SPARA Process
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
Progress toward Strategic Budgeting
•Invest in the new Strategic Plan•Measure using our KPIs•Accountability in reporting •Transparency -budget website
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
2012/13 Investment Budget Process
Interim SPARA Process:•Call for Investment Proposals•Reviewed within the Divisions •Vice Presidents’ recommended Budget•President’s Review and Approval•Trustee Presentation
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
FY12/13 Investments
FY 12/13 Investment Funding
• $4.8M for Recurring InvestmentsSources– Growth in student enrollment– Tuition Differential Increase & Graduate Tuition Increase– Changes to Waiver policies– Earnings on our reserves
• $2.3M Bridge Funding from Reserves
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Strategic Direction 1:Enhanced Student Access
33%, $2,327,081• 1.1 Foster student development and professional success – Career Services Technology Coordinator – Licensed Psychologist
• 1.2 Facilitate student access to and choice of UWF– Enrollment Management, – Gulf Coast 2+2 Advisor – Equity compliance funding
• 1.3 Promote student persistence and progression to degree– Retention Program
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Strategic Direction 2: Distinctive Teaching and Scholarship
43%, $3,055,691• 2.1 Expand efforts to engage students in high-impact learning &
research– Marine Services, – Academic Technology Center
• 2.2 Recruit, support, retain quality faculty– $1.74M new faculty, – 2% faculty raises, – $300K Compression adjustments,– Promotion and Tenure
• 2.3 Build a vibrant culture of scholarship and research– Office of Undergraduate Research
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Strategic Direction 3: Valued Partnerships
5%, $ 345,673• 3.1 Develop, cultivate, assess and sustain a network of
mutually beneficial community partnerships– Carnegie Community Engagement Coordinator
• 3.2 Advance the economy and quality of life in the region through partnerships with the citizens, organizations, and communities UWF serves, – BEI Investments
• 3.3 Expand Community awareness visibility, and support of UWF– Advancement, Communications, Marketing and Public Relations
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Strategic Direction 4: Sustainable Institutional Excellence
19%, $1,375,535
• 4.1 Sustain high-quality services and infrastructure– Deferred maintenance– Safety and Environmental Training Programs
• 4.2 Recruit, develop, and retain high-quality staff. – 2% Raise for staff
• 4.3 Strategically align and integrate, planning, budget, and assessment– Support for SACS & Institutional Effectiveness– Internal Audit (Pcard auditor)
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UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
Proposed FY12/13 Budget
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UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
The Future: Plans for FY13/14
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
2013/14 Budget Process
•Blue Ribbon Task Force•Strategic Planning and Resource Alignment Council•Begin Implementation of a full transparent and inclusive process in Fall 2012
UWF Budget Town Hall Meeting
April 27, 2010
Dr. Judy BensePresident
•National • Impact of Pell Funding in Summer •New discussions in Washington
•State•Health Insurance•Leave Liability•Tuition Increase (tipping point)
Things to watch…
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Questions ?
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