Transcript Document
Campus Budget Overview Department Chairs Meeting September 20, 2012 Kelly Ratliff Associate Vice Chancellor Sources of Funds: 2012-13 Revenue Projections Projected Revenue: $3.6 Billion State designated and restricted, 1% (in millions) Student Fees, 5% State, Unrestricted and Tuition, 19% ($700 million) Tuition, 11% State unrestricted funds, 8% UC Davis Medical Center, 40% Indirect cost recovery, 3% Grants and contracts, direct, 14% Sales and Service, Auxiliary, 11% Gifts, endowments, interest, other, 4% 2012-13 Budget Source of Funds Federal (Hatch, Pell Grants), 2% 1 State support, tuition, fees 2 State unrestricted funds 3 State designated and restricted 4 Tuition $396 5 Student Fees $162 6 $304 Sub-total $50 $912 7 Extramural research (all sponsors) 8 Grants and contracts, direct $518 9 Indirect cost recovery $122 10 Sub-total $640 11 Other Sources 12 Federal (Hatch, Pell Grants) $60 13 Sales and Service, Auxiliary $397 14 Gifts, endowment, interest, other $143 15 16 17 Sub-total UC Davis Medical Center $600 $1,431 TOTAL $3,583 Uses of Funds: 2011-12 Operating Expenses Total Campus: $3.2 Billion Amount Salaries and Wages 52% 1 Benefits 16% 2 3 Scholarships 7% 4 5 Supplies and Equipment 25% Category Instruction and Academic Support Research Student Services and Financial Aid Operation and Maintenance (in millions) % of total $ 766 24% $ 508 16% $ 321 10% $ 95 3% $ 96 3% $ 147 5% $ 63 2% 6 Auxiliary 7 Institutional Support 8 Public Service 9 Medical Center $ 1,217 38% 10 TOTAL EXPENSES $ 3,213 100% Unrestricted State Revenue vs. Mandatory Student Fees UC Davis, Annual State Revenue vs. Student Tuition and Fees ($ in Millions) $600 $500 $400 Tuition $300 Tuition and Other Student Fees Unrestricted State General Funds $200 $100 2007-08 Enrollment 30,685 2012-13 Enrollment 34,004 (Projected) $0 2007-08 2008-09 2009-10 2010-11 2011-12 (preliminary) 2012-13 (projected) 2012-13 State Funds and Tuition Budget Shortfall Trigger cut to UC of $250 million. Base dollars in millions Scenario 1 Budget shortfall 2 Prior year shortfall not addressed permanently 3 State Budget Act (as enacted July, 2012) 4 Fixed cost increases for state funds and tuition $ (25.1) 5 TOTAL SHORTFALL $ (55.8) 6 Addressing the shortfall 7 Tuition revenue due to fee increase 8 Increase in national and international undergraduates $ 3.5 9 Tuition revenue due to enrollment increase $ 2.8 10 Academic investments for enrollment increases 11 Efficiencies and Cost Reductions 12 Remaining Shortfall 13 Available reserves $ 46.6 14 Remaining reserve balance $ (1.7) $ (25.4) $ (5.3) $ -- Regents may consider tuition increase. Campus will look for additional efficiencies and cost reductions. $ (2.8) $ 4.0 $ (48.3) UC and campus will look for bridging options. Employees by Fund Source April 2009 and April 2012 FTE State Funds & Tuition 2009 2012 Position Type Tenure-Track Faculty Health Science Funds3 2009 2012 External & Other Funds 2009 2012 Total 2009 2012 1,172 1,113 51 46 54 70 1,277 1,229 715 612 497 511 1,382 1,748 2,594 2,871 1,887 1,725 548 557 1,436 1,818 3,871 4,100 Staff 3,688 3,243 7,041 7,447 3,502 3,758 14,231 14,448 Student Employees2 1,317 1,391 499 527 1,435 1,406 3,251 3,324 Grand Total 6,892 6,359 8,088 8,531 6,373 6,982 21,353 21,872 Other Faculty and Other Academic1 Total Academic Change from April 09 to April 11 1 Other -533 443 609 519 Faculty includes Adjunct Professors, Lecturers and other non-tenure-track appointments. Other Academic includes Librarians, Academic Administrative Officers and University Extension Educators and non-student research academic appointments. 2 Student Employees includes teaching assistants, graduate student researchers, residents, and administrative and clerical employees. 3 Health Science Funds includes sales and services from the teaching hospital, the medical compensation plan, and funds for clinical drug trials 2012-13 Student Tuition and Fees National & Total Fees and Tuition Resident International Undergraduate $15,257 $38,135 Graduate $15,387 $30,489 Law (JD) $49,564 $58,815 Management (MBA) $38,727 $50,972 Medicine (MD) $39,652 $51,897 Nursing (MS) $23,127 $35,372 Veterinary Medicine (DVM) $33,091 $45,336 Selected Professional Degree Programs: Notes: 1. Amounts include health insurance ($1,380 undergrad and $2,280 graduate). Amounts for undergraduates exclude course material fees. 2. Fee levels as of September 2012; Fees subject to change. Financial Aid Offsets Fee Hikes for Many Net Cost of Attendance for UC Davis Undergraduates The University’s financial aid program helps to offset the impact of fee increases for undergraduates from lowerincome families. The net cost of attendance at UC Davis has actually declined for undergraduates from the lowest-income families since 2006-07. Gift aid (which does not need to be repaid) from all sources more than doubled between 2007-08 and 2010-11. Net Cost of Attendance by Family Income in Constant 2010-11 Dollars $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 06-07 07-08 08-09 09-10 10-11 Less than $25,000 $25,000 to $49,000 $49,000 to $74,000 $74,000 to $99,000 $99,000 to $123,000 $123,000 to $149,000 $149,000 and above All students Budget Model Development Phase I – Implemented or in process Provost Allocation and Spring Annual Budget Process Undergraduate tuition Indirect cost recovery Central benefits pool decentralization Office of the President funding streams Academic masters tuition pilot Finalization of 2012-13 budgets Phase II – To be completed • Graduate tuition • Summer session tuition Campus Budget Model Campus Budget Model State designated and restricted, 1% • Advances the UC Davis Vision of Excellence Student Fees, 5% Budget Components in Budget Model Tuition, 11% • Encourages creativity • Leads to a more transparent budget process State unrestricted funds, 8% UC Davis Medical Center, 40% Indirect cost recovery, 3% • Includes a transition strategy Grants and contracts, direct, 14% Gifts, endowments, interest, other, 4% Sales and Service, Auxiliary, 11% Federal (Hatch, Pell Grants), 2% Budget Model Phase I Undergraduate Tuition dollars in thousands 1 Net UG tuition revenue from prior year 2 Net UG tuition revenue due to enrollment growth (390 students) $ 195,260 $ 2,800 3 Distributed as instructional needs $ 1,570 4 Distributed per budget model formula $ 1,230 5 Total, prior year + enrollment growth $198,060 6 CA&ES $23,586 7 CBS $20,755 8 COE $12,442 9 HArCS $22,835 10 MPS $19,406 11 DSS $37,012 12 Other Academic Units 13 Total (rounded) 14 Provost 15 Special Programs 16 TOTAL $1,954 $137,990 $59,953 $1,117 $198,060 Budget Model Phase I (continued) Indirect Cost Recovery Funds dollars in thousands 1 2 3 Total ICR generated 2011-12 and distributed 2012-13 Less categorical set-asides (ARRA, Garamendi, etc.) ICR available for distribution $ 121,700 $ (25,200) $ 96,500 4 Distribution for Deans, VC-R (34%) $ 32,800 5 Distribution for Provost (66%) $ 63,700 Distribution for Deans, VC-R (34%) $ 32,800 6 7 8 Less prior year campus return program 9 Less OP Tax, benefits, existing base budgets 10 ICR Increase to Deans, VC-R $ (14,700) $ (8,300) $ 9,800 11 12 Distribution for Provost (66%) 13 Graduate student support, matching funds $ 10,000 14 Research support (VC-R, VC-ARM, Library) $ 18,000 15 Transition for OP tax implications 16 Provost decisions (debt service, start-ups, etc.) $ 5,500 $ 30,200 Budget Information Sources • Budget news (campus, UC system, state) o budgetnews.ucdavis.edu • Data, analysis and reports o Provost’s Dashboard: provost.ucdavis.edu o Campus Facts: facts.ucdavis.edu o Campus Budget Office: budget.ucdavis.edu • Advocacy (critical!) o www.ucforcalifornia.org • Annual financial schedules and reports o www.universityofcalifornia.edu/reportingtransparency