University of Louisville Budget Forum

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University of Louisville Budget Forum. April 15, 2008. House Bill 1. Postsecondary Education Improvement Act 1997. The University of Louisville shall become a preeminent nationally recognized metropolitan research university. UofL a Public Institution. - PowerPoint PPT Presentation

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<ul><li><p>University of LouisvilleBudget ForumApril 15, 2008</p></li><li><p>House Bill 1The University of Louisville shall become a preeminent nationally recognized metropolitan research university</p><p>Postsecondary Education Improvement Act 1997 </p></li><li><p>UofL a Public Institution State Appropriation(07-08)$193,472,200Total UofL Operating Budget$417,465,400 46% *So,* 22% of Total Budget (research funding, etc.)</p></li><li><p>The State BudgetIt wont win any beauty contest.</p><p>Speaker of the HouseJody Richards</p></li><li><p>History State FundingTotal State Appropriation as Percentof Total Operating BudgetFiscal Years 1998-through 2009</p><p>Sheet1</p><p>University of Louisville</p><p>Total State Appropriation as Percent of Total Operating Budget</p><p>Fiscal Years 1998 through 2009</p><p>FiscalTotalTotal% of Appropriation to Total Budget</p><p>YearState AppropriationOperating Budget</p><p>1998-99159,277,900262,738,60061%</p><p>1999-2000167,131,000281,171,90059%</p><p>2000-01173,373,200303,762,90057%</p><p>2001-02180,698,500316,442,90057%</p><p>2002-03173,567,300323,890,80054%</p><p>2003-04176,286,400325,639,10054%</p><p>2004-05174,062,300343,164,50051%</p><p>2005-06177,440,200367,827,10048%</p><p>2006-07189,244,800389,529,00049%</p><p>2007-08193,472,200417,465,40046%</p><p>2008-09186,549,100424,823,80044%</p></li><li><p>Quick BackgroundDecember 21, 2007Governor announces 3% cut to Higher EducationJanuary 3, 2008Meeting with Governor; Discuss 3% cutJanuary 4, 2008Governor announces worst case, Another 12% cutJanuary 29, 2008Governor recommends 12% budget cut for Higher EducationFebruary/mid MarchHouse budget deliberations restores 12% cut still 3% cutLate marchSenate budget deliberations restores 9% of cut still 6% cutApril 2, 2008Conference Committee/House/Senate approve 3% cut on top of 3%</p></li><li><p>UofL Budget Snapshot</p><p>Sheet1</p><p>Resources</p><p>"Where It Comes From"</p><p>Reduction in State Base Appropriation(10,029,100)</p><p>Other State Funding Changes(648,653)</p><p>University Revenue Decisions</p><p>Tuition Rate Increase11,704,100</p><p>Enrollment Increase3,315,600</p><p>Transfer from Athletics250,000</p><p>Other General Fund Revenue497,953</p><p>Unit Budget Reductions6,203,000</p><p>University-Wide Budget Reductions5,305,600</p><p>Resources based on UofL Actions27,276,253</p><p>Increased Revenue Available for Budget Inititiatives16,598,500</p></li><li><p>UofL Budget Snapshot</p><p>Sheet1</p><p>Expenditures</p><p>Where It Is Proposed To Go"</p><p>Fixed Costs3,302,886</p><p>Personal Services1,240,894</p><p>Current Expenses(204,499)</p><p>Policy Initiatives12,259,219</p><p>Proposed Increases in Operating Expenses16,598,500</p></li><li><p>UofL Budget Snapshot</p><p>Sheet1</p><p>Expenditures</p><p>Where It Is Proposed To Go"</p><p>Policy Initiatives</p><p>Student Financial Aid4,174,600</p><p>Salaries/Health Insurance4,677,899</p><p>Strategic Research Faculty1,500,000</p><p>BioSafety Lab1,316,320</p><p>Ph.D. Fellowships230,400</p><p>Diversity Initiatives100,000</p><p>"Ideas to Action" QEP260,000</p><p>Total Policy Initiatives12,259,219</p></li><li><p>So, Lets TalkAbout Tuition</p></li><li><p>CPE Tuition Policy2008-09 Estimated Undergraduate Resident Tuition and Mandatory FeesRates based on full-time semester</p><p>Sheet1</p><p>2007-082008-09$ Change</p><p>ResidentNonResidentResidentNonResidentResidentNonResident</p><p>University of Louisville$3,470$8,867$3,782$9,177$312$310</p><p>University of Kentucky</p><p>Lower Division$3,548$7,448$3,867$7,940$319$492</p><p>Upper Division$3,651$7,547$3,980$8,045$329$498</p><p>Eastern Kentucky Univeristy*$2,841$7,691$3,011$8,152$170$461</p><p>Kentucky State University*$2,645$5,920$2,804$6,275$159$355</p><p>Morehead State University$2,640$6,670$2,878$7,270$238$600</p><p>Murray State University$2,709$7,359$2,872$7,801$163$442</p><p>Northern Kentucky University$2,976$5,388$3,268$5,916$292$528</p><p>Western Kentucky University$3,208$7,735$3,449$8,315$241$580</p></li><li><p>Consultation/InputTask Force for Tuition and Fee SettingFaculty SenateStaff SenateStudent Government Leaders (SGA)Vice Presidents and Deans - MixedProvosts Budget Advisory Committee Public ForumsVP Student Affairs 2 forums in AprilToday April 15CPE April 25 and April 30Board of Trustees May 8Council on Postsecondary Education May 9</p></li><li><p>Current Year Tuition and FeesCPE Benchmark Institutions2007-08 Annual Tuition and FeesSource: IPEDS</p><p>Sheet1</p><p>UndergraduateGraduateAverage Academic Year Room &amp; Board</p><p>RankInstitution NameResidentNonresidentResidentNonresident</p><p>1*University of Pittsburgh*6,43811,1937,76513,7858,300</p><p>2Temple University5,4019,6606,7679,7558,518</p><p>3University of Illinois at Chicago5,27311,4685,45611,4558,118</p><p>4University of Cincinnati-Main Campus4,70011,9616,05610,9738,799</p><p>5University of South Carolina-Columbia4,17310,8164,6449,7906,804</p><p>6Wayne State University3,9228,2985,49611,3396,702</p><p>7*University of California-Irvine*3,77813,5885,10712,60110,547</p><p>8*University of California-San Diego*3,72813,5384,68812,1828,882</p><p>9University of Louisville (9)3,4708,8673,7649,0455,722</p><p>10University of Iowa3,1479,7333,5799,5727,250</p><p>11*SUNY at Buffalo*3,1096,2394,1456,1558,620</p><p>12Virginia Commonwealth University3,0989,3704,4528,8767,787</p><p>13*Stony Brook University*2,8806,0103,8795,8898,734</p><p>14*University of North Carolina at Chapel Hill*2,67010,4943,11810,1177,090</p><p>15University of Utah2,4947,8312,1956,9156,240</p><p>16University of New Mexico-Main Campus2,2867,4722,5127,6817,020</p><p>17University of Alabama at Birmingham2,1044,6481,9604,4177,680</p><p>18University of South Florida1,7288,0783,33911,0667,590</p><p>* AAU member</p></li><li><p>Current Year Tuition and Fees2020 Benchmark Institutions (non CPE)2007-08 Semester Tuition and Fees Source: IPEDS</p><p>Sheet1</p><p>UndergraduateGraduateAverage Academic Year Room &amp; Board</p><p>RankInstitution NameResidentNonresidentResidentNonresident</p><p>1*University of Pittsburgh*6,43811,1937,76513,7858,300</p><p>2University of Illinois at Chicago5,27311,4685,45611,4558,118</p><p>3University of Michigan-Ann Arbor5,22414,5667,87415,8299,090</p><p>4*Rutgers University-Newark*5,1349,7186,8879,90010,034</p><p>5University of Cincinnati-Main Campus4,70011,9616,05610,9738,799</p><p>6College of William and Mary4,58213,4674,90011,5077,385</p><p>7University of South Carolina-Columbia4,17310,8164,6449,7906,804</p><p>8Wayne State University3,9228,2985,49611,3396,702</p><p>9*Indiana University-Bloomington*3,91911,1583,6049,6957,532</p><p>10*University of Maryland-Baltimore*3,84510,1314,84110,0475,981</p><p>11*The University of Texas at Austin*3,83512,2723,5247,6878,576</p><p>12The University of Texas at Dallas3,6787,0143,3075,8094,235</p><p>13University of Kentucky3,5487,4483,8358,0797,973</p><p>14University of Louisville (9)3,4708,8673,7649,0455,722</p><p>15Indiana University-Purdue University-Indianapolis3,4269,4533,2248,8682,700</p><p>16*University of Colorado at Boulder*3,31812,3994,14711,6049,088</p><p>17University of Kansas3,3008,0543,2667,2796,144</p><p>University of Washington-Seattle Campus*3,19311,0664,70910,7329,108</p><p>University of Nebraska-Lincoln*3,1088,1183,2257,7856,523</p><p>University of Houston3,0426,3783,4505,9526,717</p><p>University of Oregon*3,0189,3965,7898,1717,848</p><p>University of Colorado Denver2,9668,9443,9179,0328,780</p><p>University of Alabama2,8508,2592,8508,2595,868</p><p>University of Texas Health Science Center at Houston2,8288,0122,3737,139N/A</p><p>Georgia Institute of Technology-Main Campus2,65310,8503,22211,6677,328</p><p>Florida State University1,6788,2443,05610,6338,000</p><p>* AAU member</p></li><li><p>Questions</p><p>Other State Funding Changes - DetailHospital QCCT 1,264,200 Metropolitan College (1,992,300)Debt Service (45,553)Joint WKU/UofLEngineering Program 125,000 Total (648,653)</p><p>Other General Fund Revenue - DetailDebt Service Transfers from Affiliated Corporations 1,232,953Application Fee Increase ($10; from $40 to $50) 40,000 Interest Earnings decline (600,000) Reduce Credit Card Processing Fee Recovery Revenue (175,000) Total 497,953 </p></li></ul>