The Ohio State University Board of Trustees
The Ohio State University Board of Trustees
Fiscal Affairs Committee
September 17, 2009
TOPIC:
FY 2010 Current Funds Budget
CONTEXT:
This is the final step in approval of the FY 2010 operating budget. This is based on the tuition and fee levels approved by the full Board in June and the overall expenditure targets approved by the Fiscal Affairs Committee in July.
SUMMARY:
Included are the following:
• A summary of the Current Funds Budget (Attachment 1)
• A description of what is included in the Current Funds Budget Document (now available on line) (Attachment 2)
• FY 2010 Priorities (Attachment 3)
• What Happens Next (Attachment 4)
CONSIDERATIONS:
• Are the strategic drivers of the budget identified?
• Have the emerging issues for FY 2010 been presented?
• Is the calendar for the rest of FY 2010 clear?
• Is there any additional information the Fiscal Affairs Committee would like to have?
REQUESTED OF THE FISCAL AFFAIRS COMMITTEE:
Approval of the FY 2010 current funds budget.
Attachment 1
FY 2010 Current Funds Budget
Summary
• This budget provides for an overall spending level of $4.4 billion for all campuses, all funds. This is a 3.7% increase over FY 2009.
• This budget provides for an overall increase of 4.2% in spending for Columbus Campus General Funds. The largest increases will go to the colleges to support additional enrollments and for undergraduate student financial aid.
• The tuition freeze will remain in place through the end of Spring Quarter, saving students and their families $14 million, compared to the increase permitted under state law.
• The reduction in benefit charges as a result of savings in health care costs will save General Fund units $4.6M in FY 2010, and all funds nearly $15M.
• Major areas of programmatic emphasis include:
Targeted Investments in Excellence $10.0M
Master Planning Review $ 4.0M
Semester Conversion $ 3.5M
Development Support $ 3.5M
• State SSI appropriations for the Columbus Campus will increase $16 million or 4.3% over FY 2009 levels; however, total state support will decrease $39 million or 7%.
• State SSI appropriations for the Regional Campuses will remain flat in FY 2010. Line items will be reduced $2.0 million or 5%.
• Preliminary projections show the University will be able to meet its academic goals for FY 2010 and FY 2011 under the parameters established in the state biennial budget bill, if appropriations are released as planned.
[pic]
[pic]
[pic]
Attachment 2
Summary of Information in CFB Document
(NOTE: This report can be accessed on line at )
Priorities
• Budget Context
• Academic Progress
• Financial Progress
• Budget Allocation Process
• FY 2010 Priorities
• The University System of Ohio
Revenue Summary
• Overview
• State Support
• Student Fees
• Sponsored Research
• Internal Overhead and Service Charges
• Assessments
• Other Income
• Gifted Endowment Distributions
Expenditure Summary
• Resource Allocation
• Changes by Category
• Changes in College and Academic Support Units
Regional Campuses
• Budget Context
• Revenues and Expenditures
Multi-Year Commitments
• Multi-Year Commitments
• Financial Goals
• Conclusions
Selected Definitions
Tables and Appendices
Attachment 3
FY 2010 Budget Priorities
The FY 2010 Operating Budget Advances the following priorities:
• Students First
Continues resident undergraduate tuition freeze into its third year. Lowest three year increase since mid 1950's.
• Faculty Success/Re-cast Research Agenda
Funds $10 million allocation for Targeted Investments in Excellence (year four of a five year, $50 million investment).
• Commit to Our Communities:
Strengthens the Offices of Outreach and Engagement and Technology Transfer.
• Financial Stability:
Advances academic goals while maintaining sufficient flexibility to address continued economic uncertainty.
• One University:
Aligns strategic objectives and strengthens Master Planning, Development and Students Information Systems.
Attachment 4
What Happens Next?
October - Review of FY 2009 Audited Financials
November Year End Financial Report
February FY 2009 Budget v. Actual
Mid-Year Financial Review
May FY 2011 Preliminary Budget Recommendations
Financial Benchmark Report
June FY 2011 Budget Approval
Approval of Tuition and Fees for FY 2011
[pic]
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- typical class sizes for undergraduate classes ohio higher ed
- the ohio state university board of trustees
- senate fiscal committee quarterly ohio state university
- ohio state university
- time and credits to degree at ohio s state supported
- 1010 student employment policy ohio state university
- constitution of the undergraduate ohio state university
- international transfer credit ohio state university
Related searches
- ohio state university degrees
- ohio state university medical center
- ohio state university holiday
- ohio state university calendar
- ohio state university academic calendar 2018
- ohio state university academic calendar
- ohio state university jobs
- ohio state university campus jobs
- ohio state university holiday calendar
- the ohio state university wexner medical center
- the ohio state university academic calendar
- nonprofit board of trustees responsibilities