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PPBACFebruary 6, 2015Presented by Dawn Gamadanis -AVP Financial Management
FY2015 YEAR-END PLANNING
Agenda Items
FY15 Year-End Funding Process
FY15 Year-End Requests
FY15 Year-End Outlook
FY15 Year-End
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
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
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
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
QUESTIONS