8
PPBAC February 6, 2015 Presented by Dawn Gamadanis -AVP Financial Management FY2015 YEAR-END PLANNING

FY2015 YEAR-END PLANNING. FY15 Year-End Funding Process FY15 Year-End Requests FY15 Year-End Outlook

Embed Size (px)

Citation preview

Page 1: FY2015 YEAR-END PLANNING.  FY15 Year-End Funding Process  FY15 Year-End Requests  FY15 Year-End Outlook

PPBACFebruary 6, 2015Presented by Dawn Gamadanis -AVP Financial Management

FY2015 YEAR-END PLANNING

Page 2: FY2015 YEAR-END PLANNING.  FY15 Year-End Funding Process  FY15 Year-End Requests  FY15 Year-End Outlook

Agenda Items

FY15 Year-End Funding Process

FY15 Year-End Requests

FY15 Year-End Outlook

Page 3: FY2015 YEAR-END PLANNING.  FY15 Year-End Funding Process  FY15 Year-End Requests  FY15 Year-End Outlook

FY15 Year-End

Page 4: FY2015 YEAR-END PLANNING.  FY15 Year-End Funding Process  FY15 Year-End Requests  FY15 Year-End Outlook

FY15 Year-End Funding Process

Part I. Estimate of funding Identify source(s) of funding Less Carry forward of tuition (3% of Tuition Revenue) Less known fixed cost increases

Part II. Identify Priorities Division’s submit top 1o requests over $10k (must be one-time

costs)

Part III. Sub-committee review Team members from Facilities, ITS, Procurement, Finance, Budget,

and Academic Affairs, & AVP for Operations Purpose is to determine ANY CONSTRAINTS- timing, resources,

support, purchasing requirements, conflicts with other projects, OR opportunities for collaboration

Page 5: FY2015 YEAR-END PLANNING.  FY15 Year-End Funding Process  FY15 Year-End Requests  FY15 Year-End Outlook

FY15 Year-End Funding Process

Part IV. PPBAC review/recommendations VP’s/Division Heads present requests PPBAC makes recommendations as to funded projects and

prioritization

Part V. Division Spending March timeframe VP’s/Division Heads will be provided with operating

balances for all departments in Division. Allows opportunity to redirect funds as needed to meet division needs

Part VI. Institutional Department Funding sweep June timeframe, Office of Budget & Planning will draw down any

uncommitted funds from department budgets Funding used to support approved year-end projects not already

funded

Page 6: FY2015 YEAR-END PLANNING.  FY15 Year-End Funding Process  FY15 Year-End Requests  FY15 Year-End Outlook

FY15 Year-End Requests by Division

Division/Unit Amount

Academic Affairs $ 1,310, 239

Operations $ 5,791,194

Advancement $ 50,000

Diversity $ 36,000

External Affairs $ 54,864

Legal Affairs $ 11,000

Student Success $ 511,032

TOTAL $ 7,764,329

Page 7: FY2015 YEAR-END PLANNING.  FY15 Year-End Funding Process  FY15 Year-End Requests  FY15 Year-End Outlook

FY15 Year-End Outlook

Funding will be from both the Kennesaw and Marietta Campus

Consist of vacancy lag savings and additional revenue from enrollment increase.

Fall semester student FTE up 4.5% KSU and 3.9% SPSU, spring enrollment 1.7% KSU (not final) and 4% SPSU.

EARLY PROJECTIONS OF YEAR-END FUNDING $6-$8 million

Page 8: FY2015 YEAR-END PLANNING.  FY15 Year-End Funding Process  FY15 Year-End Requests  FY15 Year-End Outlook

QUESTIONS