Slides from presentations regarding the University of Maine\u27s education and general budget for the 2017 fiscal year and fiscal planning. The first set of slides are regarding the preliminary budget, the second are of the final budget discussion, the third are of a multi-year financial analysis FY 2017-2021, and the fourth set are of unified budget with proposed recommendations

Heckler, Jeffrey E

Hunter, Susan J, Dr.

Low, Ryan

Strickland, Claire

English

University of Maine

The University of MaineDigitalCommons@UMaineGeneral University of Maine Publications University of Maine Publications2016FY 17 Preliminary Education & General BudgetContinuing the Discussion Presentation SlidesJeffrey E. HecklerUniversity of MaineSusan J. Hunter Dr.University of MaineClaire StricklandUniversity of MaineRyan LowUniversity of MaineFollow this and additional works at: https://digitalcommons.library.umaine.edu/univ_publicationsPart of the Accounting Commons, Higher Education Commons, and the History CommonsThis Presentation is brought to you for free and open access by DigitalCommons@UMaine. It has been accepted for inclusion in General University ofMaine Publications by an authorized administrator of DigitalCommons@UMaine. For more information, please contactum.library.technical.services@maine.edu.Repository CitationHeckler, Jeffrey E.; Hunter, Susan J. Dr.; Strickland, Claire; and Low, Ryan, "FY 17 Preliminary Education & General BudgetContinuing the Discussion Presentation Slides" (2016). General University of Maine Publications. 126.https://digitalcommons.library.umaine.edu/univ_publications/1261FY17 Campus Budget PresentationNovember 9, 20151Susan J. HunterPresidentJeffrey E. HeckerExecutive Vice President for Academic Affairs & ProvostClaire StricklandChief Business OfficerFY17 Preliminary Education & General BudgetContinuing the DiscussionJanuary 20, 201622Agenda1. Timeline2. Recap̶ Key Principles in Decision Making̶ Enrollment Plan for Fall 20163. Priority Setting̶ Signature & Emerging Areas of Excellence̶ Enrollment Trends4. FY17 Budget Gap Analysis5. Allocation of Investments & Target Cuts6. Next Steps7. Questions & Discussion33Key Dates - Timeline2 0 1 5 2 0 1 6Jan      Feb      Mar      Apr     May     JunJuly      Aug      Sept      Oct     Nov     DecFY17 Budget PrepCampus FY17 Budget Development• FY17 budget  materials to CBO’s• Review of allocations & assumptions• Enrollment management updateFinalize preliminary FY17 Gap1st iteration of FY17 budgets updated into MaineStreet by 01/31/16Initial campus budget & MYFA review by Chancellor’s OfficeDevelop draft FY17 consolidated budgetConsolidated budget & MYFA review by BOT (FF&T)BOT final budget approval2 0 1 5 2 0 1 6Jan      Feb      Mar      Apr     May     JunJuly      Aug      Sept      Oct     Nov     DecFY18 Unified BudgetWork with CBO’s & President’s to discuss 6 financial policy areas• Gather feedback and narrow options• Create sub teams to develop specific policies for implementation• Seek input from constituencies and create viable options with details • Present to BOT• Implement new policies required under unified budget model44Recap5FY17 Campus Budget PresentationNovember 9, 20155Key Principles in Decision Making• Principles and process will be transparent• Feedback/input will be encouraged throughout the budget development process• Not solely a budget reduction exercise. Balance reductions with investments in key areas related to the university’s strategic priorities• Minimize the impact on student learning, research, and enrollment• Minimize impact on employees66Enrollment Plan for Fall 2016Fall2015Fall2016First-year Incoming StudentsProjectedTotal FY17Projected Credit Hours272,942HeadcountFall2016ProjectedAll Students10,8892,0472,1502,1508,73977Priority Setting88Signature and Emerging Areas of ExcellenceEmerging AreasGraduate School of Biomedical Science and EngineeringNortheastern Americas: Humanities Research and EducationData Science and EngineeringSustainability Solutions and TechnologiesAging ResearchFinance EducationForestry and the EnvironmentMarine SciencesSTEM EducationClimate ChangeAdvanced Materials for Infrastructure and EnergyCollege of EngineeringHonors CollegeSignature Areas99200920102011201220132014201520092010201120122013201420151,032847050010001500200025003000EDHDUndergraduate Enrollment by College1,4451,840ENGR787946MBS2,2512,527NSFA20092010201120122013201420152009201020112012201320142015CLAS200920102011201220132014201517% decrease28% Increase13% Increase21% Increase21% decrease2009 - 20152,6432,0441010Undergraduate Enrollment by Area524307050010001500200025003000350040004500Arts2,452 2,424Professional Studies439260Humanities1,4551,131Social and Behavioral Sciences3,909STEM Disciplines41% decrease41% decrease1% decrease22% decrease25% Increase200920102011201220132014201520092010201120122013201420152009201020112012201320142015200920102011201220132014201520092010201120122013201420152009 - 20153,1371111200920102011201220132014201520092010201120122013201420155803490100200300400500600700EDHDGraduate Enrollment by College144 164ENGR61 53MBS549523NSFA20092010201120122013201420152009201020112012201320142015338370CLAS200920102011201220132014201540% decrease14% Increase5% decrease13% decrease9% Increase2009 - 20151212Graduate Enrollment by Area375801002003004005006007008009001000Arts884594Professional Studies99 82Humanities117 127Social and Behavioral Sciences597 608STEM Disciplines57% Increase17% decrease33% decrease9% Increase2% Increase200920102011201220132014201520092010201120122013201420152009201020112012201320142015200920102011201220132014201520092010201120122013201420152009 - 20151313Arts & Humanities Enrollment Trends• Nationally, percentage of students graduating with a degree in Philosophy declined 20% from 1970 to 2009 (Chronicle of Higher Education, December 10, 2011)• “English majors at the University of Maryland at College Park –down some 40 percent in a little more than three years” (Inside Higher Ed, January 26, 2015)• “the history discipline’s share of degrees earning in 2011 declined to the lowest level in 10 years” (Perspectives on History, April, 2013)• “Ohio State’s College of Arts and Sciences saw an 11 percent drop in credit hour enrollment over the past five years…Yet the College of Engineering grew by 56% and the business school grew by 12 percent.” (Inside Higher ED, June 4, 2015)1414FY17 BudgetGap Analysis1515FY17 Budget Gap AnalysisCompensation & Benefits Increases $ 2,850,000Funded Depreciation Increase 200,000Utilities 300,000Insurance 134,300Change in existing Shared Services 2,086,667$ 5,570,962Projected Increase in Net Tuition Revenue $ (3,000,000)True Gap $ 2,570,967True Gap1616FY17 Budget Gap AnalysisFoundational Support $ 1,128,000Signature & Emerging Areas 362,000Research Initiatives 125,000Financial Aid 2,000,000Faculty Recruitment, Retention and Advancement Initiatives (e.g. Partner Accommodation, Rising Tide, etc.) 242,414Other Academic Priorities (e.g. Flagship Internship Program, Library Digital Commons, etc.) 418,311Total Strategic Investments $ 4,275,725Strategic Investments1717FY17 Budget Gap AnalysisTrue Gap $ 2,570,967Strategic Investments 4,275,725FY17 Appropriation Increase (281,377)Total Gap $ 6,565,315Summary1818Allocation of Investments and Target Cuts1919Target CutsUndetermined Cut (or new resources) $ 2,599,320VP Academic Affairs $ 2,447,140VP Research & Dean of Graduate School 248,855VP for Innovation and Economic Development 25,000VP Student Affairs 240,000Chief Business Officer 610,000Presidential Areas 120,000• Athletics 275,000Total Gap $ 6,565,3152020Investments & Target CutsCLAS  Investment = $947,480 + Two Assistant Professors of Statistics + Assistant Professor of Professional & Technical Writing+ Lecturer in Physics+ Lab Instructors in Physics+ Lecturer in Chemistry+ Teaching Fellows in Mathematics+ Teaching Assistants in Chemistry+ Northeast Americas Support StaffCut = $(819,925)    Net = $127,5552121Investments & Target CutsNSFA Investment = $497,000+ Lecturer in Ecology & Environmental Sciences+ Teaching Assistants+ Assistant Professor/Honors Preceptor in Genomics+ Extra Section FundsCut = $(332,224)    Net = $164,776 Engineering Investment = $158,016+ Assistant Professor of Mechanical Engineering+ Advising/Internship CoordinatorCut = $(80,000)    Net = $78,016 2222Investments & Target CutsAssociate Provost Investment = $45,000+ Academic Support Staff            Cut = $(114,535)   Net = $(69,535)Library Investment = $14,225 + Digital CommonsCut = $(106,422)   Net = $(92,197) Honors Investment = $46,000+ Assistant Professor/Honors Preceptor in GenomicsCut = $(45,000)    Net = $1,000 VP Research & Dean of Graduate School Investment = $125,000 + Return of IndirectsCut = $(248,855)   Net = $(123,855) 2323Investments & Target CutsEDHD Investment = $0    Cut = $(298,916)  Net = $(298,916)Provost Investment = $0  Cut = $(52,624)  Net = $(52,624) Cooperative Extension Investment = $0  Cut = $(264,180)    Net = $(264,180) Maine Business School Investment = $0    Cut = $(111,308)  Net = $(111,308) DLL Investment = $0  Cut = $(115,366)    Net = $(115,366)Marketing & Communications Investment = $0    Cut = $(106,640)    Net = $(106,640) 2424Next Steps2525Next Steps1. Refine budget as additional information is available2. Meet with CFO & Chancellor – February 8th3. Meet with Finance, Facilities & Technology subcommittee of BOT – March 8th4. Next Budget Update – March 23rd, 101 Neville Hall – will include Auxiliaries and MEIF5. Process for InputWeb Survey – umaine.edu/presidentEmail – umpresident@maine.edu orEmail – umcbo@maine.edu2626Campus Community Survey Questionsumaine.edu/president27FY17 Campus Budget PresentationNovember 9, 201527Questions?

FY 17 Preliminary Education & General Budget Continuing the Discussion Presentation Slides

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FY 17 Preliminary Education & General Budget Continuing the Discussion Presentation Slides

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