Transcript Document
UC Davis Affordable Education Panel March 8, 2011 Kelly Ratliff Associate Vice Chancellor Budget and Institutional Analysis Budget Process: Timeline Regents Budget Request (November) Legislative and Governor Final State Budget Act (July?) Governor’s May Revision (mid-May) Campus Budget Process Legislative Committees Advocacy (Spring) BUDGET AND INSTITUTIONAL ANALYSIS Governor's Budget Proposal (January) Planning Principles 1. Establish strategic priorities that focus on advancing the quality, reputation and excellence of UC Davis consistent with our Vision of Excellence. 2. Minimize impact on student learning. We are committed to providing students the education they expect and deserve at UC Davis. 3. Enhance our ability to generate and leverage nonstate revenue, including preserving and advancing our campus’s research enterprise and development efforts. BUDGET AND INSTITUTIONAL ANALYSIS 2010-11 Budget Overview 2009-2010 UC Davis Revenue $3.1 billion BUDGET AND INSTITUTIONAL ANALYSIS 2010-2011 Base Budget Uses of State Funds & Tuition Unrestricted State Revenue vs. Mandatory Student Fees KEY Mandatory Student Fees Unrestricted State General Funds BUDGET AND INSTITUTIONAL ANALYSIS Initial Budget Planning for 2011-12 amounts in millions 2009-10 2010-11 2011-12 Prior-year ($15.5) ($52.4) $19.0 State Budget actions ($84.7) $28.6 ($73.0) Fixed cost increases ($14.7) ($28.3) ($34.0) ($114.8) ($52.1) ($88.0) New Revenues $26.4 $31.9 $40.0 Permanent reductions/efficiencies $36.0 $39.2 $48.0 ($52.4) $19.0 ($70.0) $52.4 $23.0 TOTAL SHORTFALL ONGOING BALANCE/(SHORTFALL) Furloughs and temporary actions ARRA stabilization funds $19.1 Less Contingency (30-day reserve) ($47.2) Less one-time transition funds ($20.1) ONE-TIME BALANCE/(SHORTFALL) BUDGET AND INSTITUTIONAL ANALYSIS $0.0 ($6.2) ($76.2) $107M 2011-12 UC Davis Budget Solutions BUDGET AND INSTITUTIONAL ANALYSIS Campus Budget: Information Sources • Budget News Campus, UC system, state budget information – budgetnews.ucdavis.edu • Data, analysis, reports – facts.ucdavis.edu/ Campus Facts – budget.ucdavis.eduCampus Budget Office • Advocacy – www.ucforcalifornia.org • Annual financial schedules and reports – www.universityofcalifornia.edu/reportingtransparency/ BUDGET AND INSTITUTIONAL ANALYSIS