Board of Regents University System of Georgia Amended FY 2013 and FY 2014 Operating Budget Request 1
30.0% State Revenue Collections Percentage Change By Month FY 2011 & FY 2012 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% July 2010 Oct Jan 2011 Apr July 2011 Oct Jan 2012 Apr June -5.0% 2
Budget Outlook FY 2012 Revenue Collections FY 2011 Up 7.8% FY 2012 Up 4.8% Revenue Shortfall Reserve Likely < 3% FY 2013 Amended and FY 2014 Issues: Revenue Collections/Tax Reform Healthcare: Medicaid Healthcare Reform Education Enrollment Growth (K-12 and Higher Ed) Retirement TRS and ERS Other (SHBP, Unemployment) 3
Budget Reductions Reduction Targets of 3% (Appendix II) FY 2013 Amended = $54.4 Million FY 2014 = $54.4 Million Minimize Impact on Students! Reflect/Protect Priorities Expect reductions to be permanent Avoid use of one-time reductions - furloughs OPB not currently withholding funds 4
University System Enrollment Fall Headcount Enrollment 325,000 300,000 301,892 311,442 318,027 316,727 Survey 275,000 270,022 282,978 250,000 225,000 233,098 250,659 247,020 259,945 253,552 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 5
325,000 275,000 225,000 175,000 125,000 University System Enrollment Fall Headcount Enrollment 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 62012
Learning Support Hours While the USG experienced an overall increase of 1.59% in credit hours, learning support hours decreased by 14% from FY11 to FY12. 1. Impact of HOPE Changes 2. Impact of Pell 3. Three Learning Support Rule Students who test into all three areas of Learning Support (English, reading, and math) are no longer eligible for admission. 7
FY 2014 Formula Request Enrollment Growth @ 1.59% M&O Funds Increased Square Footage Health Insurance Employer Share Retiree Health and Life Benefits Payback Projects Retired Remove One Time Funds Total $ 65.56 Million $ 8.75 Million $ 10.14 Million $ 5.71 Million $ 5.90 Million $.03 Million $ 96.03 Million 8
State Funding Per Student FTE $9,000 $8,000 $7,000 $6,000 $5,000 $8,257 $8,294 $8,128 $7,972 $8,191 $7,937 $7,422 $7,503 $7,239 $7,266 $6,930 $6,539 $6,857 $6,746 Estimate $6,059 $6,297 $5,933 $5,862 $5,643 $5,505 $5,412 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 9
Other Request Items Graduate Medical Education Health Insurance & Retiree Fringes for B Units Formula for Georgia Public Library System $ 2.08 Million $.76 Million $.59 Million Total $ 3.43 Million 10
FY 2014 Funding Change Fiscal Year 2013 State Appropriations $ 1.829 Billion Formula Funds Other Request Items $ 96.03 Million $ 3.43 Million Total Increase $ 99.46 Million 5.4% FY 2014 Total Request (Before Reductions) $ 1.928 Billion 11
Board of Regents University System of Georgia FY 2014 Capital Budget Request 12
FY 2014 Major Repair and Renovation - $50,000,000 Critical for USG institutions to meet major repair and renewal needs in instructional buildings and associated infrastructure Maintains safety and integrity of critical facilities systems and components Enables instructional space to meet changing enrollment and program needs Promotes local economies through the use of locally based contractors and designers Protects State s capital investment 13
FY 2014 Equipment DSC Academic Sciences Building $2,100,000 GCSU Historic Ennis Hall Renovation $1,000,000 GGC Allied Health Building $3,000,000 GHSU Medical Commons $5,000,000 GIT Engineered Biosystems Building $5,000,000 UGA Vet Med Teaching Hospital $5,000,000 VSU Health Sciences Building $3,800,000 Subtotal $24,900,000 14
FY 2014 Construction GSU Humanities/Law Building $ 58,800,000 CLSU Science Building $ 19,800,000 GPC Academic Building $ 18,000,000 GSOU Health Center $ 10,000,000 GHSU Cancer Research Building $ 45,000,000 Subtotal $151,600,000 15
FY 2014 Small Capital Projects ABAC Lab Sciences Building $ 4,300,000 UNG Renovate 3 Labs (Gainesville) $ 1,000,000 CSU Howard Hall Renovation $ 3,900,000 SSU Herty Hall Renovation $ 3,300,000 SGC/WC Davis Hall Renovation $ 2,500,000 MGSC Haynes Hall Renovation (Cochran) $ 3,800,000 BC Classroom/Lab Building $ 3,000,000 CCGA Academic Commons Renovation $ 2,000,000 SKIO Renovate Building 502B into Labs $ 2,500,000 UGA Fine Arts Building Renovation $ 2,600,000 KSU Sturgis Library Renovation $ 4,400,000 Subtotal $ 33,300,000 16
FY 2014 Capital Budget Summary Major Repair and Renovation Equipment Construction Small Capital Projects Total $ 50.0 M $ 24.9 M $ 151.6 M $ 33.3 M $ 259.8 M 17
FY 2014 Georgia Public Library System 1. Houston County Public Library (Perry) $ 1,600,000 2. Mountain Regional Library (Young Harris, Towns Co.) $ 900,000 3. Dougherty County Public Library (Central Library, Albany) $ 2,000,000 4. South Georgia Regional Library (Valdosta, Lowndes Co.) $ 2,000,000 5. Three Rivers Regional Library (Folkston, Charlton Co.) $ 560,000 6. Dougherty County Public Library (Northwest Branch, Albany) $ 2,000,000 7. Gwinnett County Public Library (Norcross) $ 1,875,000 8. Cobb County Public Library (East Marietta) $ 2,000,000 9. Atlanta-Fulton County Library (Milton, Fulton Co.) $ 2,000,000 10. Atlanta-Fulton County Library (Wolf Creek, Fulton Co.) $ 2,000,000 11. Mountain Regional Library (Hiawassee, Towns Co.) $ 900,000 12. Live Oak Public Library (Hinesville, Liberty Co.) $ 2,000,000 Subtotal $19,835,000 18
Board Action Items Approval of the FY 2013 Amended Budget Approval of the FY 2014 Operating Budget Request Approval of the FY 2014 Capital Budget Request 19