Budget, Reconfiguration, Updates
March & April 2003
¾Budget (work in progress)
¾“Vagelos Commission”
¾Activity updates
DRAFT FY04 Operating Budget Adjustments
As of March 24, 2003
($000's)
Revenue
FY03 Budget @2/28/03:
Unrestricted Giving
State Appropriation
State Funded Fringes
Auxiliaries
Debt Service
Insurance
NJIT TAG
Utilities
Salary Annualization/Salary Program/Fringes
Adjustments for 1 time transfers
FY04 Budget per FRS @2/28/03:
159,288
(800)
(6,648)
1,000
15
152,855
Expense
159,288
(800)
1,310
640
300
500
2,066
(164)
163,140
Variance
(6,648)
1,000
15
(1,310)
(640)
(300)
(500)
(2,066)
164
(10,285)
DRAFT FY04 Operating Budget Adjustments
As of March 24, 2003
($000's)
Revenue
FY04 Budget per FRS @2/28/03:
Adjustments to FY04 Preliminary Budget:
Summer School
WinterSession
Undergraduate Tuition
SOM-Rutgers Joint Business Degree
Indirect Cost Recovery
Separately Budgeted Research (SBR)
Parking Services
Residence Halls
Undergraduate Tuition Awards
Provost Area Savings/Vacancies
Provost Area Position Expenditure
IST Budget
PC Distribution Program
Graduate Student Tuition Awards
Utilities - Physical Plant
Alumni Publications Consolidation
Fund Vacant Positions
Athletic Conference Fees
Athletic Scholarships
Athletic Travel
Updated Salary Program Costing
Sub-Total - Adjustments to FY04 Preliminary Budget
Expense
152,855
413
100
308
163,140
-
70
25
(80)
(100)
150
(1,225)
700
(270)
(1,000)
462
500
(20)
82
12
17
20
12
1,321
(645)
200
100
200
-
Variance
(10,285)
343
75
308
80
200
100
100
200
(150)
1,225
(700)
270
1,000
(462)
(500)
20
(82)
(12)
(17)
(20)
(12)
1,966
DRAFT FY04 Operating Budget Adjustments
As of March 24, 2003
($000's)
Revenue
FY04 Budget per FRS @2/28/03:
152,855
Expense
163,140
Variance
(10,285)
Possible Adjustments to FY04 Preliminary Budget:
Funded Release Time
Research/Business Centers
Graduate Tuition
Residence Hall Rate Increase ($7,330k * 4%)
Mt. Laurel Undergraduate
CPE
Additional Student Aid Other Than First Cell Tag
Honors College Reception/Meeting
Honors Travel
Honors Scholarships
Debt Service - EDC
Reduce Memberships & Dues
Reduce Consulting Services
Intellectual Property-related Legal expenses
Compressed 4-day Summer Schedule
Overtime
Faculty diversity initiative
Payroll Calculation Change
Student Fees
203
293
(544)
(2,000)
-
(597)
(2,100)
400
30
10
50
(1,310)
(119)
100
(182)
-
203
293
53
100
(400)
(30)
(10)
(50)
1,310
119
(100)
182
-
Sub-Total - Possible Adjustments to FY04 Preliminary Budget
(2,048)
(3,718)
1,670
(645)
1,966
Sub-Total - Adjustments to FY04 Preliminary Budget
FY04 Revised Preliminary Budget
1,321
152,128
158,777
(6,649)
DRAFT FY04 Operating Budget Adjustments
As of March 24, 2003
($000's)
Revenue
FY04 Revised Preliminary Budget
152,128
Expense
158,777
Variance
(6,649)
Impact Items
Tuition
Vacation Balance Accrual
Budgeted Reserve
Salary Annualization/Salary Program/Fringes
3,880
3,200
(2,000)
(2,066)
3,880
3,200
2,000
2,066
Sub-Total Impact Items
7,080
(4,066)
11,146
Totals
159,208
154,711
4,497
Budget Summary
•Optimize fund management
•Student revenue
•Budgeted reserve
•Strategy/philosophy
•Minimize tuition increase
•Maximize ability for faculty hiring
•Avoid personnel layoffs
Vagelos Commission
•Coordinated by Steering Committee
•Met twice
•Work plan developed
•June 19 preliminary reports
•Committees/IWGs identified/appointed
•Steering Committee
•Executive Advisory Committee
•Strategic-Planning Subcommittee
•Communications Subcommittee
•System-wide Finance and Funding IWG
•System-wide Hospital Affairs IWG
•System-wide Human Resources IWG
•System-wide IT/Library IWG
•University Committees (3)
•Academic
•Research
•………
Vagelos Commission
Committee
Membership
Steering
Exec Advisory
Strategic Plan
Communications
Finance & Funding
Hospital
Human Resources
IT/Library
University
Pres, Board Chairs, Gov. selected
Institution/Organization reps
Vagelos, Pres, Univ Comm Co-chairs, CHE
Steering Chair, CHE, reps
Steering Chair, CHE, Treas Rep, CAO’s, CFO’s
Med Schools, Hospitals, Community
Steering Chair, NJ Dept Personnel, HR Officers
Steering Chair, IT Admins, Librarians
Co-chairs, staff (1), faculty, (3) student (2),
community (1)
TBD
TBD
Univ Academic
Univ Research
Activities related to Vision for NJIT
■ Educational program quality
➼Winter session
➼NCE Dean search
➼In the negotiation stage
➼SOM Dean search
➼Interviews completed
➼General University Requirements
➼Pursuing funding/accreditation issues in Mt. Laurel
■ Focused research program
➼Congressional delegation visits/asks initiated 11-12 Feb
➼Increase staff/reorganize Sponsored Programs
➼Research center review/consolidation
Federal FY04 Appropriation Requests
Project
Smart Coatings, Yr 3/5
ACE
Power Grid, Yr 3/5
Ultra-Filtration
IITC
NCTSIP
TELUS
Smart Gun
Homeland Security
Technology Integration Ctr.
Smart Shunt
Corrosion CoE
MS in Modeling &
Simulation
Rehabilitation Eng. Ctr.
Agency
Suggested Representative
Dept. of Defense / Picatinny R. Frelinghuysen, S.
Rothman
Dept. of Defense / Picatinny R. Frelinghuysen, S.
Rothman
Dept. of Energy
C. Fattah(PA) /
R.Frelinghuysen
Dept. of Defense / NSWC
Murtha(PA) / Andrews(NJ)
Dept. of Transportation
R. Menendez, B. Pascrell,
F. Lautenberg
Dept. of Transportation
R. Menendez, B. Pascrell,
F. Lautenberg
Dept. of Transportation
R. Menendez, B. Pascrell,
F. Lautenberg
Dept of Justice/ NIJ
F. Lautenberg/J.Corzine
B. Pascrell
HLS
W. Saxton, R. Menendez
DHHS or VA
C. Smith
Dept. of Defense / Picatinny OH/PA/NJ Rothman
NJIT PoC
D. Watts, CEES
C. Gogos, ChE
S. Ziavras, ECE
w: Drexel
N. Aubry, ME
R. Hughey, ORD
R. Hughey, ORD
R. Hughey, ORD
D. Sebastian, ORD
D. Sebastian, ORD
Dept. of Defense/NGB
W. Saxton
D. Sebastian, ORD
D. Watts, CEES
w: Penn St. & Ohio St
J. Lacontora, IS
VA
C. Smith
R. Foulds, BME
Activities related to Vision for NJIT
■ Grow endowment levels
➼Reorganization of Advancement-complete
➼VPA hired
➼Directors to locate in units
➼Consultant completed assessment of Alumni Assn
activities-recommendations consistent with reorganization
➼Planning task force for renovation of Eberhardt to serve as
Alumni Center formed
➼Planning task force in formation stage
➼Honors College Scholarship Campaign
➼Athletics Campaign
University Advancement at NJIT
Activities related to Vision for NJIT
■ Further develop sense of community
➼Campus appearance effort-in process
➼Campus “clean-up”: Fifteen projects currently ongoing; see web site
➼Landscape architecture plan
➼Master plan
➼On-campus events
➼Athletics-enhancement process (Div I)
➼Why: scholarships, visibility, sense of community
➼Steps:
➼M soccer to Div I fall 03
➼Strengthen existing sports
➼Complete complement of sports teams
Activities related to Vision for NJIT
➼Athletics-enhancement process (Div I)
➼Steps:
➼M soccer to Div I fall 03
➼Strengthen existing sports
➼Complete complement of sports teams
➼Sport
M
W
Soccer
Basketball
Fencing
Volleyball
Swimming
Baseball
Tennis
X
X
X
X
X
X
X
X
X
X
X
X
Water polo
X
Cross country X
X
X
X
Activities related to Vision for NJIT
■ Impact the local and regional economy
➼Patent policy
➼50/50 revenue sharing
➼Board approval
➼Discussing formal relationship between incubator
companies and NJIT
➼Gov’s Blue Ribbon Commission on
Transportation
➼Gov’s Commission on Economic
Development and Job Growth
Activities related to Vision for NJIT
■Planning
9Pre-planning for Vi-Strategy-Tactics
(ViSTa) planning process
9Institutional research data updated
9Alumni Assn consultant report complete 2/28/03
9Alumni survey in process
9Campus Appearance planning effort
9Athletic program
9Advancement reorganization
9Athletics Campaign
9Honors Campaign
9Balanced Scorecard
Activities related to Vision for NJIT
Activities related to Vision for NJIT