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![Page 1: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/1.jpg)
Budget Management at UIC
Frank GoldbergVice Provost for Resource Planning and Management
Todd Van Neck
Director of Budget and Program Analysis
AP Advisory Committee Budget ForumDecember 2, 2010
![Page 2: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/2.jpg)
State Tax AppropriationChanges by Agency
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
70%Human Services
Elem/Sec
Higher Educ
All Other
State Avg
66.6%
39.8%
-24.9%
-4.0%
61.1%
In Constant 2009 Dollars (CPI)
FY02 to FY10 exclude $45 million in payments to CMS from Universities for Health Insurance
Health Insurance moved from CMS (included in all other) to Human Services in FY06 and adjusted back to FY04
Source: Illinois State Budgets.
![Page 3: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/3.jpg)
-40%
0%
40%
80%
120%
160%
200%
240%
280%
320%
360%
ISAC
SURS
Community Colleges
Universities -23.1%
-19.5%
25.0%
334.3%
In Constant 2009 Dollars (CPI)
Due to the changes in SURS funding from General Funds to State Pension Fund (SPF) in FY05, SURS funding includes the SPF in FY05-FY09 and Pension Obligation Bonds in FY10. FY02 to FY10 exclude $45 million payment to CMS from Universities for Health Insurance. FY10 ISAC includes supplemental appropriation.
Source: IBHE FY10 Budget as signed by the Governor. Inflation assumptions 2.5% for FY10.
Cumulative Change in State Tax Appropriation by Higher Education
Sector
![Page 4: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/4.jpg)
![Page 5: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/5.jpg)
State Support Per Tuition DollarFY 1970 to FY 2011
$0
$2
$4
$6
$8
$10
$12
$14
1970 1980 1990 2000 2005 2006 2007 2008 2009 2010 2011
12.8 to 1
8.6 to 1
4.5 to 1
2.9 to 1
1.5 to 1
FY02-11 excludes health insurance re-direction to DHFS.FY09 and FY11 exclude survey transfer.
1.4 to 1 1.3 to 1 1.2 to 1 1.1 to 1 0.8 to 11 to 1
Page 5
![Page 6: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/6.jpg)
FY 2002
Revenue
FY 2010
Revenue
UIC Unrestricted Funds Budget
$498.4M
Income Fund $93.9M
Royalties $3.5M
ICR $47.9M
Admin Allowance $9.4M
GRF $343.7M
$611.8M
ICR $60.4M
Admin Allowance $20.1M
Royalties $6.5M
Income Fund $235.8M
GRF $285.7M
![Page 7: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/7.jpg)
FY 2002
Revenue
FY 2010
Revenue
UIC Unrestricted Funds Budget(Constant Dollars)
Adjusted for inflation, UIC’s unrestricted budget decreased as compared to FY2002
$498.4M
Income Fund $93.9M
Royalties $3.5M
ICR $47.9M
Admin Allowance $9.4M
GRF $343.7M
$461.8M
ICR $45.6M
Admin Allowance $15.2MRoyalties $4.9M
Income Fund $177.9M
GRF $215.6M
![Page 8: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/8.jpg)
Administration & Academic Support Medicine
$159M $422M
Eastside Colleges$220M
Other Health Colleges$213M
Auxiliaries, Athletics & Financial Aid
$1,648M
$128M
$506M
Hospital
- Grants/Contracts, Gifts & Institutional ($370M)
Source: FY 2010 Budget Summary for Operations, excluding Campus General, Utilities, VC Health Afrs and Division of Spec Care for Children.
- Self-Supporting ($842M)
- State Appropriation ($197M)
- Income Fund ($239M)
UIC's Budget
Patient Care & MD Training
Basic & Clinical Research
Practice & Self-Supporting Funds
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![Page 9: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/9.jpg)
In nominal dollars, funding for colleges has increased, while funding for support units has decreased
![Page 10: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/10.jpg)
Adjusted for inflation, college and support unit budgets remain below their FY 2002 levels
![Page 11: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/11.jpg)
State Appropriation RevenueUnrestricted Funds
Billings and Collections through November 30, 2010
CollectedBilledAppropriation Rescission FY 2010
In Millions
$130
$395
$724
$18.6$743
$366
$697.5
$45.5$743
2009 2010
FY09 appropriation includes $18.6 million rescission. FY08-FY10 through Nov 30 th.FY10 appropriation includes $45.5 million of federal stimulus funding.
2008
$171
$376
$722
2011
$697
$722
$697
$205 $265 $379.4
$376.9$359
$7 $6.6
Stimulus
$4.1
![Page 12: Budget Management at UIC Frank Goldberg Vice Provost for Resource Planning and Management Todd Van Neck Director of Budget and Program Analysis AP Advisory.](https://reader035.fdocuments.in/reader035/viewer/2022062320/56649ca55503460f949669ce/html5/thumbnails/12.jpg)
The State’s FY 2011 Budget Hole(in Millions of Dollars)
Source Amount
Loss of one-time revenues used for FY 2010 $5,254
Pension note proceeds $3,466
Federal stimulus $1,436
Fund sweeps $352
1st year repay of pension notes $800
Estimated pension increase $531
Carry-forward of FY 2010 budget gap $5,670
TOTAL $12,255
Source: Commission on Government Forecasting & Accountability
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Potential Solutions to the State Budget Hole(in Millions of Dollars)
Proposals Impact
Various budget cuts (on $29.6B base; roll back spending to FY 2007 levels)
$2,100
Increase employee contribution to retirement and health insurance plans
$400
Increase personal income tax rates (from 3% to 5%) $5,700
Increase corporate income tax rates (from 4.8% to 6.4%) $300
Tax retirement income (repeal exemption) $1,600
Various other tax adjustments (rate increases, repeal credits & exemptions)
$500
Defer to FY 2012/borrow/hope for economic recovery or additional Federal stimulus/additional drastic budget cuts
$2,100
Source: Civic Federation report, “A Fiscal Rehabilitation Plan for the State of Illinois”