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Campus Conversation with SPEEC & PASC March 2009

Campus Conversation with SPEEC & PASC March 2009. Legislative Council Revenue Estimates. December Forecast FY09 ($604M) March Forecast FY09 ($282M) March Forecast FY10 ($428M). State of Colorado General Fund Revenue. 4.8% -30.9%. 31.1% -6.0%. 60.7% -11.1%.

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Campus Conversation with SPEEC & PASC March 2009

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  1. Campus Conversation with SPEEC & PASC March 2009

  2. Legislative Council Revenue Estimates • December Forecast FY09 ($604M) • March Forecast FY09 ($282M) • March Forecast FY10 ($428M)

  3. State of Colorado General Fund Revenue 4.8% -30.9% 31.1% -6.0% 60.7% -11.1% Figures in millions. Positive percentage is a percent of total fund. Negative percentage is a percent change compared to FY07-08. Source: March 20, 2009 Forecast

  4. 15.0% 13.0% 9.7% 10.0% 8.3% 7.1% 6.8% 5.3% 4.0% 5.0% 2.7% 0.0% FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 -1.4% -1.7% -5.0% -10.0% -10.5% -15.0% -15.0% -20.0% State of Colorado Annual Change in GF Revenues Actual (FY01 through FY07) and Projected (FY08 through FY12) Source: March 20, 2009 Forecast

  5. $9,000 $8,000 $8,030 $7,318 $7,743 $7,540 $7,000 $6,833 $6,965 $6,931 $6,553 $6,161 $6,000 $5,572 $5,766 $5,477 $5,000 $4,000 $3,000 $2,000 $1,000 $0 FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 in millions State of Colorado General Funds Revenues Recent Year Actuals and Projections Source: March 20, 2009 Forecast

  6. Greeley Tribune 3/31/09

  7. Cuts by Institution

  8. American Recovery and Reinvestment Act of 2009

  9. UNC Budget Information There is an estimated $8.2M in support by the UNC Foundation.

  10. UNC’s Approach I. Invest in university priorities and maximize revenues. II. Manage expenses. III. Establish and implement a value- driven tuition and fees model.

  11. Notable Dates • April 6 Long Bill Introduced to State Legislature by JBC • April ? Long Bill Passed by State Legislature • April 15 BOT Finance Committee Meeting: Update on Budget Process • May 6 Last Day of State Legislature • May 8 Board of Trustees Meeting • June 12 Board of Trustees: Approval of FY09/10 Budget

  12. Financial Matters Information A new webpage has been created to inform the campus on financial matters and includes a Frequently Asked Questions page (FAQ) to ensure that the most accurate up-to-date information is available for employees. http://www.unco.edu/finadmin/FAQs.htm

  13. Questions

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