1 / 18

University of Michigan - Flint

University of Michigan - Flint. Budget Model Results Fiscal Year 2010. Introduction. Prior budget system featured central control and fixed budgets Current budget system is variable with decentralized decision-making New system began in July 2005

eve
Download Presentation

University of Michigan - Flint

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. University of Michigan - Flint Budget Model Results Fiscal Year 2010

  2. Introduction • Prior budget system featured central control and fixed budgets • Current budget system is variable with decentralized decision-making • New system began in July 2005 • This report summarizes results for the fifth year under the new system.

  3. Annual Budget Cycle

  4. Allocation of Marginal Revenue

  5. Settlement Process

  6. FY 2010 Results • Total General Fund revenue above budget: $4.3M

  7. General Fund Budget:Actual Revenue vs. Budgeted Revenue

  8. State Appropriations:Actual vs. Budget

  9. Tuition & Fee Revenue:Actual vs. Budget

  10. Tuition & Fee Revenue Results

  11. Tuition & Fee Revenue Results

  12. Tuition & Fee Revenue Results

  13. Tuition & Fee Revenue Results

  14. Tuition & Fee Revenue Results

  15. Summarized Results for Support Units * Includes Chancellor, Provost, Associate Provost, Vice Chancellor for Business & Finance, and Division of Student Affairs.

  16. Setting FY 2011 Budget • Revenue Targets: • Undergraduate – assumed tuition up 3.9% and enrollment up 4% • Graduate – assumed tuition up 2.9% and enrollment up 4.8% • Change in State Appropriations • Change in Fixed Costs Note: Fixed costs include utilities, debt service payments, maintenance contracts, business operations and insurance recharges.

  17. Resources VCBF Office Dave Barthelmes Financial Services Jerry Glasco Christy Brownell Shelbie Perrin Website http://www.umflint.edu/vcbf/Budget%20Model.htm

  18. Questions

More Related