Town Hall Meeting

Budget Update and PlanningNovember 13, 2006

Town Hall Meeting

Budget Update and PlanningNovember 13, 2006

FYEFY 2001 through 2007

10,000

11,000

12,000

13,000

14,000

15,000

Fiscal Year

Students Total FYE Enrollment

Projected Enrollment

Fall FTE

6,4006,4506,5006,5506,6006,6506,700

2003 2004 2005 2006 2007

Fiscal Year

Students

AgendaAgenda

Summary of FY 06Summary of FY 06 Budget for FY 07Budget for FY 07 Issues for FY 08 and FY 09Issues for FY 08 and FY 09 Preliminary FY 08 ViewPreliminary FY 08 View Budget Advisory GroupBudget Advisory Group Time LineTime Line

FYEFY 2001 through 2007

10,000

11,000

12,000

13,000

14,000

15,000

Fiscal Year

Students Total FYE Enrollment

Projected Enrollment

Fall to Fall Retention New Entering Fall to Fall Retention New Entering StudentsStudents

02-03 03-04 04-05 05-06NEF 72% 72.4% 70.7% 72.5%

NET 73.7% 75.2% 73% 73.9%

FYE NA NA NA 75.5%

Graduation RatesGraduation Rates

NEF (Full & Part Time)NEF (Full & Part Time)

3-Yr 4-Yr 5-Yr 6-Yr

1999 Cohort 13.4% 37.1% 44.9%

2000 Cohort 17.5% 39.2% 46.4%

NET (Full & Part Time)NET (Full & Part Time) 3-Yr 4-Yr 5-Yr 6-Yr

1999 Cohort 30.4% 47.1% 54.8% 57.3% 2000 Cohort 32.5% 48.5% 56.3% 58.8%

On-Line Course EnrollmentsOn-Line Course Enrollments

FY 04 3,282

FY 05 4,277

FY 06 7,858

In FY 06, 60% of enrollments were by students also enrolled in day classes.

High School GraduationHigh School Graduation2003-20132003-2013

11.7% decline in 5-state (MN, ND, SD, IA, WI)11.7% decline in 5-state (MN, ND, SD, IA, WI) 10.3% decline in MN10.3% decline in MN 19% decline in white graduates19% decline in white graduates 52% increase in graduates of color52% increase in graduates of color

Authorized Faculty SearchesAuthorized Faculty SearchesFall 07Fall 07

Probationary 31Probationary 31

Fixed Term 9Fixed Term 9

Applied DoctoratesApplied DoctoratesEd.D. in Higher Education AdministrationEd.D. in Higher Education Administration

Psy.D. in Applied PsychologyPsy.D. in Applied PsychologyAud.D. in AudiologyAud.D. in AudiologyD.B.A. in BusinessD.B.A. in BusinessD.N.P. in NursingD.N.P. in Nursing

Budget Advisory Group

Charge

Serve as a broadly based forum for discussion and advice on the process,

system and structure of the allocation/reallocation of resources to

insure support of the mission, vision and strategic plan of the University and

review the execution of the budget plan as each fiscal year progresses.

Budget Advisory GroupProcess

Meets Bi-WeeklyMeets Bi-Weekly Tuesdays 12:45 p.m. – 1:45 p.m. AMCTuesdays 12:45 p.m. – 1:45 p.m. AMC Open MeetingsOpen Meetings Recommendations forwarded toRecommendations forwarded to President and through M&C ProcessPresident and through M&C Process

Budget Advisory GroupInitial Activities

Recommend Budget PrinciplesRecommend Budget PrinciplesEstablish Ad Hoc Work GroupsEstablish Ad Hoc Work Groups

Budget AssumptionsBudget AssumptionsBase Budget AnalysisBase Budget AnalysisTuition AnalysisTuition AnalysisBudget Models for FutureBudget Models for Future

Budget Advisory GroupCurrent Budget Planning Cycle

Issues

Assumptions for 08 and 09Assumptions for 08 and 09Initiative FundsInitiative FundsTuition ProposalsTuition ProposalsInfluences of Budget on PerformanceInfluences of Budget on Performance IndicatorsIndicators

Budget Advisory GroupFuture Budget Planning Issues

Review of Budget ModelsReview of Budget ModelsReview of Base BudgetsReview of Base BudgetsStaying Abreast of TrendsStaying Abreast of Trends

BudgetTime Line

October, 2006-Initial decisions made for FY 08 faculty searches-“Final” fall enrollment determined

November, 2006-Workgroups begin-Town Hall budget meeting-Requests made of units for recommendations for reallocations or resources for FY 08-Initial OOC budget request determined-Audited financial statements complete

December, 2006-Work Group on assumptions report results

BudgetTime Line, cont.

January, 2007 -Work Groups on tuition, models and base budget report results

February, 2007-Town Hall budget meeting

April, 2007-OOC provides initial estimates of allocation-“Trial” budget constructed around allocation and assumptions -Town Hall budget meeting

BudgetTime Line, cont.

May, 2007 -Appropriation set for FY 08 and FY 09

-Initial supply and equipment allocationsJune, 2007

-Tuition setJuly, 2007

-Initial state allocation fixedAugust, 2007

-Town Hall budget meetingNovember, 2007

-Budget Model in place to review initial FY 09 allocations

Budget WEB site URLBudget WEB site URL

www.stcloudstate.edu/budgetwww.stcloudstate.edu/budget

QuestionsQuestions