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FISCAL ADVISORY February 4, 2005 Present: Charlotte Rayne, Lisa Gray, Greig Mitchell, Alan Selser, Fred Kundell, Jo Laird, Jerry DeRidder, Jackie Eberts, Betty Crockett, Memo Diriker Absent: Andy Reese The notes from the December meeting of the Fiscal Advisory Committee were approved and will be put up on the web. The next two meetings are scheduled for March 4, 2005 and April 1, 2005. The meetings will be held in the President’s Conference Room at 9:00 AM. FY 06 Capitol Budget: The governor’s budget has been distributed to the legislature. Details of the capital budget showing capital allocations for the University System of Maryland on page 9 (available at: http://www.maryland.gov/mdgovcontent/newsalerts/CapitalBudget.pdf) do not show the New Teacher Education and Technology Complex to be built at Salisbury University, as the funding was shifted to 2007. Details of the funding phases to include planning, construction, and equipment of the building is available at on page 178 of the following document: http://www.dbm.maryland.gov/dbm_publishing/public_content/dbm_search/budget/tocfy2006_2010capimproveplan/unisysmd.pdf Note that NBF stands for nonbudgeted funds and represents the University’s contribution toward the cost of the project. Salisbury’s contribution will be $950,000 and must be taken from existing fund at the University or achieved through a cutback of the plan. No plan has been formulated to pay for this. Other capital improvement plans for other institutions are also available in the document. The University System of Maryland Capital Facilities Renewal Projects List is available on page 186 of the same document, while the last page of the document (page 186) shows Salisbury University’s projects, estimated costs, and fiscal year. These include dormitory renovations, a new parking garaged, phased through 2009. The allocation for the parking garage is not enough for what we need. Also coincident with the Teacher Education and Technology Complex will be costs related to staffing, custodial services, utilities, and technological equipping which is not covered in the allocation. The 24 month project has an estimated move in date of September, 2008. BOR Policy Change on Contingent Employment – Cost Implications/Implementation Plan The Board of Regents adopted a policy on contingent II employment. These positions were originally designed to be temporary. However, frequently the positions were used as a way to cut costs by employing people without offering benefits. The new policy states that (as of February, 2005), if the institution has employed individuals in this status for 6 or more years, they are to be converted to positions with benefits. Since there was not enough funding to achieve this, the new policy asserts that the funding may be spread over the next three years to either fund the positions or do away with the positions. The total cost to convert the 46 employees in this category is $520,000 annualized. A schedule has been made based on longevity. Rather than waiting until July 2006, SU is considering a start to the conversions earlier. After the conversions are completed, contingent II positions will only be used as temporary help.
FY 05 and 06 Operating Budget Update (Alan Selser) Alan Selser was present and gave a PowerPoint presentation of FY 05 and 06 Operating Budget Updates. Information presented included possible projections for the remainder of FY 05. The projections were based on changes to the operation of the Bowie Service Center, tuition revenue, and estimated needs for one time expenditures. It is too early to make firm projections, as legislative decisions still need to be made. Furthermore, before any decisions are made, the deans will need to receive money to fund course overload. Tuition and Fees: For FY 2006, the State mandated that tuition increases be capped at 5.9%. In-state tuition is projected to increase 5.9% , while out-of-state tuition is projected to increase 3.0%. Although the out-of-state tuition percent increase is lower than the in-state tuition increase, the incremental dollar amount for out-of-state students will still be higher than the in-state tuition increase. Also, fees for FY 2006 will probably increased, and part-time students will be charged fees based on per credit taken. Graduate tuition will be evaluated in the future. USM “Four Year Tuition” PlanThe University System of Maryland requires 4 year projections for use by students and faculty. Although this hasn’t happened yet, it will by July 1. Salisbury University will have input. Salisbury University will be evaluating alternative pricing schemes for tuition, in order to charge differentially to provide more scholarship funding. |
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Comments and questions about this page can be directed to jwlaird@salisbury.edu
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