Proposed FY 2012 Budget Benjamin J. Allen President August 4, 2011 Dr. Angeleita Floyd giving an applied flute lesson to a student Na>onal Rankings & Dis>nc>ons •  U.S. News & World Report Ranking •  Princeton Review Ranking – Business •  NaBonally Recognized Jazz Program •  STARS Award •  President’s Higher EducaBon Community Service Honor Roll •  Military Friendly School Statewide Impact •  We serve Iowa’s students who then serve Iowa –  92% of our students are from Iowa –  74% of our alumni who graduated in the last decade live in Iowa •  We educate Iowa’s students –  More than 12,000 alumni educators teach in Iowa –  About 1/3 of Iowa’s school leaders are UNI alumni •  We support Iowa’s economic development –  Our efforts reach 100% of Iowa’s counBes Budget Development Context 80.0% 70.7% 71.2% 71.2% 71.2% 71.1% 71.6% 68.1% 70.0% 63.6% 59.1% 59.1% 59.5% 57.6% 58.7% 57.8% 60.0% 53.0% 52.3% 50.7% 50.0% 49.3% 47.7% 47.0% 40.0% 30.0% 42.4% 41.3% 42.2% 40.9% 40.9% 40.5% 36.4% 31.9% 29.3% 28.8% 28.8% 28.8% 28.9% 28.4% 20.0% FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 State Funding Tui>on Funding Source: Board of Regents, State of Iowa Reports Budgeted Appropria>ons and Fall Enrollment $100.0M $98.3M 13201 $95.0M 13080 $90.0M $85.0M 13350 12908 $83.8M $79.0M $80.0M $74.7M $75.0M $70.0M FY 09 FY 10 Budgeted Appr State $ Per Student $7,615 $6,407 FY 11 13400 13300 13200 13100 13000 12900 12800 12700 12600 FY 12 Fall Enrollment $5,984 $5,596 Source: Board of Regents, State of Iowa Reports Efficiencies in Recent Years Reorganized academic and non-­‐academic units Reduced workforce Increased class sizes Refinanced bonds to achieve future savings Reduced employer paid benefit programs Collaborated with Regents insBtuBons in academic affairs, student affairs and financial services •  Partnered with Cedar Falls and Waterloo, and local non-­‐profit organizaBons •
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Budget ShorWall for FY 2012 Major budget changes from FY 2011 State appropriaBons decrease Salary/fringe increase (collecBve bargaining) Indirect cost recovery/interest/sales & services decrease EsBmated net tuiBon (aeer addiBonal $1.2 million set aside for student aid) Budget Adjustment Net projected shorfall $ Millions (4.3) (3.6) (0.1) 4.1 0.3 (3.6) Guiding Principles for FY 2012 Budget Decisions 1.  Maintain affordability and accessibility (increase aid to students with financial need) 2.  Ensure program quality and Bmely graduaBon 3.  Maintain a safe campus 4.  Make strategic changes rather than across-­‐
the-­‐board cuts Budget Strategies for FY 2012 and Beyond 1.
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ReducBon of workforce ReducBon in programs and services ReducBon of general fund support for auxiliaries SelecBve outsourcing Mergers or reorganizaBon of units/funcBons ReducBon of one-­‐Bme expenses Expand enrollment Increase revenue Conclusion •  Challenges moving forward •  We are commiked to: –  Being a leading undergraduate public insBtuBon –  Serving the needs of Iowa