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Budget Update

Budget Update. Presented To: University of Louisiana at Monroe Faculty, Staff and Students August 2002. Update Agenda. State Appropriations 2002-03 Budget Enrollment Management. State Appropriations . Total State Funds $40,651,641 Self Generated Funds $23,106,710

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Budget Update

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  1. Budget Update Presented To: University of Louisiana at Monroe Faculty, Staff and Students August 2002

  2. Update Agenda • State Appropriations • 2002-03 Budget • Enrollment Management

  3. State Appropriations • Total State Funds $40,651,641 • Self Generated Funds $23,106,710 • Library and Scientific $ 685,246 (In Capital Outlay FY02-03)

  4. The ULM Budget • Budget Process • 2002-03 General Operating Revenues & Expenditures • Reallocations

  5. TYPICAL ANNUAL BUDGET PROCESS INPUTS PROCESS OUTPUTS Campus Reserves System Requirements Instruction Requirements Unavoidable Costs State Mandates Regulatory Requirements Other • Department • Division/School • Vice Presidents • President’s Cabinet • Provost • President • Board of Supervisors An Annual Operating Budget aligned with Campus Mission And Goals NEEDS Department / Work Unit Expenditures Prior Year Cash Mission & Goals Available Funds New and Reallocations President’s Budget Preparation Directive Performance Distributions

  6. Revenues

  7. Self-Generated Fees Tuition and Fees Fiscal Year 01-02 Projected Tuition and Fees 19,825,524.93 Fiscal Year 02-03 Budgeted Tuition and Fees 18,398,202.75 (9.6% decrease) 1,427,322.18 Tuition Increase 3.4% 639,369.00 Pharmacy Enhancements 262,500.00 Total Fee Enhancements 901,869.00 Decrease in Tuition and Fees 525,453.18

  8. General Operating Funds – RevenueFY2002-03 Other3%$2.08 M StateFunds64%$40.65 M Tuition and Fees33%$21.01 M

  9. Expenditures by Function FY01-02 FY02-03

  10. Expenditures by Function FY2002-03 Library2.2%$1.4 M Scholarships7.7%$4.7 M Plant Oper/Mainten10.3%$6.3M Instruction, Research & Support61.9%$38.02 M Institutional Support 11.9%$7.3 M Student Services 6%$3.6 M

  11. Expenditures by Object FY02-03 FY01-02

  12. Expenditures by Object FY2002-03 Other Charges & Capital 12%$7.9 M Salaries & Related Benefits77.9%$49.7 M Travel, Oper. Services, Supplies & Prof Services10.1%$6.1 M

  13. 2002-03 Budget Plan The state appropriation totals $40,651,641 which represents an increase of $1,141,624 a 2.89% increase from fiscal year 2001-2002. The $1,141,624 increase is dedicated to the following: Risk Management decrease (78,716) Legislative Auditor fee increase 11,728 Civil Service Merit 442,263 Group Benefits 1,463,288 Strategic Faculty (DEFE) 23,826 Equipment Pool (720,765) Total Increase $1,141,624

  14. Reallocations • Major Budget Increases: • Academic Support 318,000 • Instructional Support 521,372 • Honors Program 23,000 • Advancement-Development 108,000 • Student Services-Recruiting 341,124 • Plant-Custodial, Grounds, Equipment 417,000 • Group Health Benefits 1,674,068

  15. Enrollment Overview

  16. Fall Headcount, 1996-2001

  17. Special Initiatives for Fall 2002 Partnership between Academic Affairs and Student Services to personally contact undecided students Targeted Groups:  Incomplete applicants  Newly admitted students  Students from Spring 2002 who have not enrolled for Fall 2002

  18. Enrollment is a University Initiative • Remember that retention is everyone’s responsibility • Coordinate recruitment efforts with the Admissions Office • Identify barriers to enrollment

  19. Comments or Questions?

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