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Faculty Meeting Budget Presentation. January 24, 2011. Fall 2010 Long Term Model Projections. Starting Long-Term Model Outcomes. Budget Committee Actions. Operations expenditure reductions Faculty & Staff compensation increase reduced Utility and Food Service increase reduced - PowerPoint PPT Presentation
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Faculty MeetingBudget Presentation
January 24, 2011
2
Fall 2010 Long Term Model Projections
2011 2012 2013 2014 2015 2016$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
Revenue
Expenditures
$ in
Mil
lion
s
Starting Long-Term Model Outcomes
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2011 2012 2013 2014 2015 2016-$6,000
-$5,000
-$4,000
-$3,000
-$2,000
-$1,000
$0
$1,000
$2,000
Fall 2010 Net Outcome
$ in
Mil
lion
s
4
Budget Committee Actions
• Operations expenditure reductions• Faculty & Staff compensation increase
reduced• Utility and Food Service increase reduced• Additional $250K in Access Scholarships
not funded to preserve international student funding
• Additional students added as smoothing is phased in
• Improvement in annual fund projections
5
Prior Budget Relief Proposal Discussions
• Operations budget reductions• Implement additional R3 action (strategic planning)• Wage increase reductions• Add new summer programs• Delay PDA restoration• Staffing reductions• Delay 5-course teaching load restoration• Reduce financial aid• Smooth enrollment across terms• Reduction in international student financial aid• Significantly increase enrollment (100+)
Current Long-Term Projections
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2011 2012 2013 2014 2015 2016-$6,000
-$5,000
-$4,000
-$3,000
-$2,000
-$1,000
$0
$1,000
$2,000
January 2011 Net Outcome
Fall 2010 Net Outcome
$ in
Mil
lion
s
7
Fee Sensitivity (FY2013-2016)(lower increase by 1%/year)
2011 2012 2013 2014 2015 2016-$6,000
-$5,000
-$4,000
-$3,000
-$2,000
-$1,000
$0
$1,000
$2,000
January 2011
January 2011 w/ Lower Fee
$ in
Mil
lion
s
8
Compensation Sensitivity (FY2013-2016)(Increase by 1% per year)
2011 2012 2013 2014 2015 2016-$6,000
-$5,000
-$4,000
-$3,000
-$2,000
-$1,000
$0
$1,000
$2,000
January 2011
January 2011 w/ Higher Comp
$ in
Mil
lion
s
9
Lower Fee with Increased Compensation
2011 2012 2013 2014 2015 2016-$6,000
-$5,000
-$4,000
-$3,000
-$2,000
-$1,000
$0
$1,000
$2,000
January 2011
January 2011 w/ Lower Fee & Higher Comp
$ in
Mil
lion
s
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Faculty Salary
1 2 3 4 5 6 1 2 3 4 5 6 7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 290
20000
40000
60000
80000
100000
120000
140000
160000
Carleton Median and Estimated 20-Peer Mean Faculty Salary, by Years in Rank
Estimate of 20 peers '08-09 mean 90% of mean110% of mean Carleton median by years in rank
Sala
ry (
$)
Assis-tant
Associate <------------------------------------------Full ---------------------------------------->
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FY2012 Proposed Budget
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Discussion Topics
• Do you agree with the proposed phase-out of Access scholarships (subject to monitoring of yield rates by AFAC), using those monies to fund international scholars (with no special emphasis on Asia?)
• What should Carleton’s long-term priorities and objectives be over the next 5-10 years?
• What should our budget priorities (tuition, compensation, financial aid, profile of entering class, etc.) be over the medium (say, 5-year term)?
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Discussion Topics - Continued
• What trade-offs between these budget items do you think we should consider, and by what process should we make decisions about them?
• What things should we consider cutting (or reducing the growth of) over that same period?
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Breakout Discussion