FY13 budget goals and assumptions

The FY13 budget process is underway. Below are the overall goals and assumptions:

Overarching goals

As the budget recommendations for fiscal year 2013, the four overarching goals for all committees, and ultimately the Executive Budget Committee, are:

• Create a pool of resources to fund an across-the-board salary increase for faculty and staff.
• Determine criteria for allocating one-time funding.
• Develop a strategy for funding new initiatives.
• Begin to develop plans that will incentivize and reward colleges and other units to increase enrollments and revenues, without compromising academic quality, with such plans to be implemented in the fiscal year 2014 budget.

Budget assumptions

Early in the budget development process, the Executive Budget Committee, perhaps taking recommendations from a smaller subcommittee composed of all constituent groups, will develop the budget assumptions for fiscal year 2013. These assumptions will provide the parameters that guide the work of the budget committees. The assumptions will include, but not be limited to, the following:

• State appropriations
• Enrollment
• Tuition increases
• Carry-forward – both one-time and on-going
• University reserves
• Targets for salary increases, new initiatives and fixed cost increases (such as utilities)

The Executive Budget Committee will develop best estimates for all of these to share with the committees. In all cases, the estimates will err on the conservative side.