Budget & Planning

FY15

 

 Planning & Budget Committee (PBC) Reports

Recognizing that all PBC proposed options may not produce substantial savings in FY15, ÃÛÌÒµ¼º½ has implemented a combination of across-the-board (ATB) reductions (applicable at the Vice Chancellor level) in addition to vertical or targeted reductions. This allows ÃÛÌÒµ¼º½ leadership to achieve the necessary targets in FY15 while working on the longer-term items that may take more time to produce savings in FY16+.

A summary listing of the budget actions is posted HERE.

The full ÃÛÌÒµ¼º½ report with detail is posted HERE.

 The final version of the UA operating budget (pending vetoes) is 2% less in state appropriations than the FY14 operating budget. Reductions to the UA operating budget in FY15 include:
  • Unallocated UA General Funding Reduction $15,900.0
  • Reduction to UA Travel $1,066.2

This translates to ÃÛÌÒµ¼º½ impact as follows:

  • ÃÛÌÒµ¼º½ General Fund Reduction: $7,500.0
  • Reduction to ÃÛÌÒµ¼º½ Travel: $517.2
  • ÃÛÌÒµ¼º½ must pay utility increases not covered by the fuel trigger: up to $1,000.0

ÃÛÌÒµ¼º½ did receive one-time funding for some high priority program initiatives, including:

  • Mandatory comprehensive student advising: $400.0 (shared with UAS)
  • Hydrocarbon Optimization research: $500.0 (ACEP)

ÃÛÌÒµ¼º½ was able to secure funding for two major capital projects:

  • ÃÛÌÒµ¼º½ Engineering Building partial funding: $5,000.0 (with $5,000.0 receipt authority)
  • Combined Heat & Power (CHP) plant: $162,000.0 (with $70,000 receipt authority/financing package & tuition/utility surcharge)

The final capital report including capital and operating budgets, next steps and an overview of key legislation passed during this session affecting the university is posted online .