V' Lane Rawlins

1
Budgets Benchmarks
V. Lane Rawlins
Robert C. Bates
Deans Retreat
February 2, 2005
2
Likely Budget Outlook

• Modest state-funded salary increases
• Increased tuition revenue
• (Maybe) increased enrollment funding
• Small increase in research funding

3
Likely Budget Outlook

• Specifics will be unknown for weeks (months?)
• Funding will be increased from current levels
• Funding will be inadequate to meet all our needs

4
Accomplishing our Strategic Plan and meeting our
Benchmarks will require hard budget choices
5
Funding may limit our size but we must not let
it limit our quality. Even at current levels of
funding, we are as well funded per student as
many fine institutions.
6
Funding Per FTE Student
WSU and Peers FY 2003
State Appropriations per FTE
Tuition and Appropriations per FTE
Institution
7
Washington State University
Strategic Budgeting and Planning
University Strategic Plan
Area Strategic Plan
8
Washington State University
Strategic Budgeting and Planning
University Strategic Plan
Area Strategic Plan
Unit Benchmarks
University Benchmarks
9
Washington State University
Strategic Budgeting and Planning
10
Washington State University
Strategic Budgeting and Planning
University Strategic Plan
Area Strategic Plan
Unit Benchmarks
University Benchmarks
Budget Request to State
(Fall-Even yrs)
State Appropriation (Spring-Odd yrs)
11
Washington State University
Strategic Budgeting and Planning
University Strategic Plan
Area Strategic Plan
Unit Benchmarks
University Benchmarks
Budget Request to State
Area Budget Requests
(Fall-Even yrs)
(spring odd yrs)
State Appropriation (Spring-Odd yrs)
12
Strategic Planning Budgeting
Budget Hearings
April
Allocations Budget Approval
Late Spring
Implementation Continued Evaluation Through
Benchmarks
Fall
13
Academic Area Benchmarks May Cover

• The undergraduate experience
• The graduate experience
• Research and scholarship
• Societal impact

14
Academic Area Benchmarks
This Year

• Requests should tie to articulating specific
  benchmarks in the four strategic areas

15
Academic Area Benchmarks
In Succeeding Years

• Progress toward achieving benchmarks will receive
  high consideration

16
Academic Area Benchmarks
Benchmark What you want to measure
Target Desired outcome related to the
benchmark
Impact How important this benchmark is to
area and institution
17
Budgets and Benchmarks
During budget hearing areas will be expected to

• Explain in what dimensions the unit will improve
  during the next few years. How will the
  benchmarks reflect this improvement?

18
Budgets and Benchmarks
During budget hearing areas will be expected to

• Explain how funding sources (new and reallocated)
  will contribute to achieving institutional and
  area benchmarks.

19
Salaries

• University Benchmark Faculty salaries relative
  to peers
• Target Salaries _at_ 75th percentile of peers
• Current Salaries _at_ 14th percentile of peers

20
Salaries
Washington state funding likely

• 3.2 in FY 06
• 1.6 in FY 07
• Possibly small pool for recruitment/retention

Peer increases likely

• 3 per year

21
Salaries
To make progress on our target we must reallocate
funds into salaries
22
Salaries
Operations 18
Salaries and Wages
65
Benefits 17
Since most of our resources are committed to
personnel, to pay higher salaries we must better
manage the number of positions.
23
Targeted Retirements
We will look at incentives for early retirements.
Note that early retirements save money only if
the vacated positions are not refilled or are
filled at lower levels.
24
Budgets Benchmarks
V. Lane Rawlins
Robert C. Bates
Deans Retreat
February 2, 2005