Planning, Budget and ForecastPlanning, Budget and Forecast

Presented to Financial Area Repsby Mary Simon, Sr. Director Budget and PlanningApril 25, 2013

Presented to Financial Area Repsby Mary Simon, Sr. Director Budget and PlanningApril 25, 2013

AGENDAPlanning, Budget and Forecast

AGENDAPlanning, Budget and Forecast

Tuition and Student Fees - Revenue Overview

Paying Semester Credit Hours SCH computed by Semester Annual Trends by type Mid-Year FY13 and Budget Status FY14

Budget 2014 Pending Outcomes and Next Steps

Tuition and Student Fees - Revenue Overview

Paying Semester Credit Hours SCH computed by Semester Annual Trends by type Mid-Year FY13 and Budget Status FY14

Budget 2014 Pending Outcomes and Next Steps

TOTAL TuitionStatutory TuitionDesignated Tuition

Lab & Supplemental Fees

TOTAL Mandatory Student Fees Desig. -Mandatory Student FeesAuxiliary - Mandatory Fees

TOTAL Incidental Student FeesDesig. Program, Course FeesAuxiliary Student Parking Srvs

TUITION AND STUDENT FEES

Budget 2013

$150,60246,385

104,217

299

$68,61540,37328,242

$25,16421,644

3,520

$244,680

FRCST 2013

$157,59652,420

105,176

288

$68,43040,27528,155

$25,95322,433

3,520

$252,267

% Chg

4.6%13.0%0.9%

-3.6%

-0.3%-0.2%-0.3%

3.1%3.6% 0.0%

3.1%

Budget 2014 *

$154,02248,579

105,443

300

$69,06840,26728,801

$25,52021,530

3,768

$248,688

Tuition and Student Fees

* Preliminary estimate based on 701,000 paying SCH; currently under review for final FY 2014 SCH projections

0

100

200

300

400

500

600

700

800

FY 2010 FY 2011 FY 2012 Frcst FY 2013

Grad Non Res

Grad Res

UG Non Res

UG Res

Paying Semester Credit HoursPaying Semester Credit Hours

714.3728.0

707.3

(in th

ousa

nds)

693.1

* Preliminary Estimate at 701,000 SCH which may increase slightly based on Forecast FY 2013

Actual FY 11-12 Certified “Paying” SCH and Headcount

Fall HCFall 2011

Spring

HCSpring 2012

Sum

HC Sum 2012 Totals HC% HC

Total SCH

% SCH

UG - Res 24,505 301,871 22,581 278,481 8,170 52,130 55,256 80.5%

632,482 86.9%

UG - NR 780 10,628 875 12,054 454 2,714 2,109 3.1%

25,396 3.5%

G - Res 3,585 23,191 3,358 21,922 1,858 9,158 8,801 12.8%

54,271 7.5%

G - NR 264 1,869 296 2,133 143 614

703 1.0% 4,616 0.6%

Doctoral Res 681 5,018 646 4,725 398 1,334 1,725 2.5%

11,077 1.5%

Doctoral NR 17 82 14 64 10 26

41 0.1%

172 0.0%

Total FY 12 29,832 342,659 27,770 319,379 11,033 65,976 68,635 100.0% 728,014 100.0%

Frcst FY13 29,152 338,248 26,955 309,440 10,044 59,602 66,041 -- 707,290 --

*BUDGET 14 28,741 333,324 26,694 308,074 10,044 59,602 66,041 -- 701,000 --

6

Mid Year FY 13 and Budget FY14 StatusRevenue Projections & Assumptions

Mid Year FY 13 and Budget FY14 StatusRevenue Projections & Assumptions

Mid Year Revenue Adjustments FY13 Current Year Forecast Revenue Projections FY13 were provided to fee

administrators in Feb/March and recorded as budget adjustments.

Budget Status FY14 Tuition and Mandatory Fee Revenue Projections FY14 based on holding at FY

2013 levels of paying SCH

Final FY 14 Projections expected following BOR (May 9th) and review of SUMMER SCH and enrollment projections for FALL 2014- New enrollment criteria beginning FALL 2014

Updates to the BUD documents FY 14 for changes in Revenue projections will be processed by Budget Office and communicated to fee administrators

7

Budget 2014 Pending Outcomes and Next Steps

Budget 2014 Pending Outcomes and Next Steps

Divisional funding requests will be coordinated by VPBA Office during first half of May

Pending 83rd Legislative Budget Outcome for FY 14 Base Budget Adjustments expected in mid-late May timeframe

Next meeting of University Strategic Planning Resource Committee on May 28th to review resources and requirements for recommendation to CMO

2014 Budget Goals and Priorities Hearing with UT System scheduled on June 6th

2014 CMO Allocations and required updates will be made by the Budget Office for Final Budget submission due July 19th

BOR approves Operating Budgets August 21-22

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