University of Michigan Flint

1
University of Michigan - Flint

• Budget Model Results
• Fiscal Year 2009

2
Introduction

• Prior budget system featured central control and
  fixed budgets
• New budget system is variable with decentralized
  decision-making
• New system began in July 2005
• This report summarizes results for the fourth
  year under the new system.

3
Objectives of Budget Model
4
Revenue Sources
Note Prior agreements for special programs and
fees are incorporated into the current
budget model.
5
Settlement Process
6
FY 2009 Results

• Total General Fund revenue above budget 2.6M

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General Fund BudgetActual Revenue vs. Budgeted
Revenue
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State AppropriationsActual vs. Budget
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Tuition Fee RevenueActual vs. Budget
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Tuition Fee Revenue Results
Budget adjustments include the year-end
settlement and fringe benefit transfers.
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Tuition Fee Revenue Results
Budget adjustments include the year-end
settlement and fringe benefit transfers.
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Tuition Fee Revenue Results
Budget adjustments include the year-end
settlement and fringe benefit transfers.
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Tuition Fee Revenue Results
Budget adjustments include the year-end
settlement and fringe benefit transfers.
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Tuition Fee Revenue Results
Budget adjustments include the year-end
settlement and fringe benefit transfers.
15
Summarized Results for Support Units
Includes Chancellor, Provost, Associate
Provost, Vice Chancellor for Administration, Vice
Chancellor for Student Services Enrollment
Management, and Vice Chancellor for Institutional
Advancement groups
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Setting FY 2010 Budget

• Revenue Targets
• Undergraduate assumed tuition up 6.5 and
  enrollment up 2
• Graduate assumed tuition up 4.9 and enrollment
  up 2
• Change in State Appropriations
• Change in Fixed Costs
• Note Fixed costs include utilities, debt
  service payments, maintenance
  contracts, business operations and insurance
  recharges.

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Budget Model Review

• Budget model review completed Feb. 2009
• Strong support, with some changes
• Allow academic units to carry forward funds for
  program development
• Increase return to CAS from 50 to 55
• Establish regular fall and spring budget meetings
  with key participants
• Create Investment Pool for Academic Initiatives
  under control of the Provost
• Eliminate practice of annual fringe benefit
  adjustments

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Resources

• VCA Office Dave Barthelmes
• Financial Services Jerry Glasco
• Christy Brownell
• Shelbie Rathbun
• Website http//www.umflint.edu/vca/Budget20Model
  .htm

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Frequently Asked Questions

• How is the budget set for the campus?
• The budget is set based on assumptions
  regarding enrollment and tuition rates, state
  appropriations, changes in fixed costs and new
  initiatives.
• How is my base budget determined each year?
• Each units base budget is determined based
  on its share of dollars assumed for revenue,
  state appropriations, fixed costs, and new
  initiatives.
• How is my merit funded?
• Merit is covered by increases to budgets for a
  given year.

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Questions