FLORIDA INTERNATIONAL UNIVERSITY

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FLORIDA INTERNATIONAL UNIVERSITY

• College of Health and Urban Affairs
• Budget Report
• October 11, 2005

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AGENDA

• QA after each section
• FIU Budget
• Main factors of state funding
• FY 05/06 Budget Process
• CHUA Budget
• Strategic initiatives requested at budget
  hearings
• FY 05/06 Budget
• Productivity Model
• Grant savings and indirect cost allocation

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FIU Budget
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State Funding FactorsState funding based on
/FTE plus any tuition increase
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State Funding Factors

• Example
• Graduate Student (Grad I) enrolled
• 9 credits Fall
• 9 credits Spring
• 9 credits Summer
• 27 Total credits (SCH)
• Student FTE .9 FTE (27 SCH/32 FTE)
• State funding provided to FIU 10,796 (.9 FTE
  11,995)

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FIU Budget FY 05/06 Incremental
Funding(millions)

• 1 based on 1426 FTE
• 2 based on June 2004 salaries
• 3 based on April 2005 salaries

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FIU Budget Process

• Linked to Strategic Plan with explicit objectives
  
• Enrollment growth and PhD production,
  specifically in strategic areas of focus
• Health ( Environmental/Public Health and Nursing)
• International
• Environment
• Critical Emerging Technology
• Timely and Transparent
• Develop funding model Delaware Study

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Question and Answer
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CHUA Budget
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CHUA Strategic Initiative Requests

• Public Health Accreditation 500,000 (funded)
• Revenue request for academic programs 700,000
  (funded 200,000)
• Nursing BSN/graduate expansion 900,000
• (one time funding 750,000 by Dept of
  Education for BSN)
• Health Sciences 156,000
• Nurse Anesthesia program 195,000
• Public Health Research Initiative 350,000

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CHUA Budget FY 05/06

• Total Allocation
• 19 million

In millions
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CHUA Budget
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CHUA Budget
Incremental funding for School of PH 750,000
Faculty hires 1,200,000
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CHUA Budget
Provost one time allocation 200,000 Provost
incremental 350,000 offset by assessment for
increases 313,000 School of PH 400,000
Merit/Salary Increase 200,000
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CHUA Budget
Incremental funding for School of PH
500,000 Return of 400,000
Incremental 200.000 Private fund transfer
500,000
Annualization of Merit/Salary Increase and new
positions
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Question and Answer
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CHUA Budget Model
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Goals for CHUA Budget Model

• Develop fair allocation model based on
  productivity while realizing need for base
  funding level for all units
• Minimize effect in model for one time
  fluctuations
• Return a portion of grant salary savings to
  school that generated the savings
• Return a portion of indirect costs to school that
  generated the indirect costs
• Determine appropriate faculty/staff levels

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CHUA Budget Model
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CHUA Budget Model
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CHUA Budget Model
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CHUA Budget Model
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CHUA Budget Model
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CHUA Budget Model
Model Produced
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CHUA Budget Model
Redistribution of Actual FTE
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CHUA Budget Model
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CHUA Budget Model
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Question and Answer
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Grant Savings Distribution

• Current grant salary savings are needed to
  support existing OPS/Exp level.
• Distribute 70 of grant salary savings that are
  in excess of base level amount (included in 05/06
  budget) directly back to schools which includes a
  20 withhold to fund Research Supplement Program.
  The remaining 30 will be redirected into
  productivity model.

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Indirect Cost Distribution

• Current cost sharing commitments must be met
• Distribute 25 of indirect costs received by CHUA
  for grants that have higher than a 25.5 IDC
  rate, with some exceptions such as training grants