President’s Finance Council Progress Report

November 2011 - May 2012

Archived Finance Council Progress Reports

February 2011 - October 2011 Progress Report (.pdf)

August 2010 – January 2011 Progress Report (.pdf)

Chairs: President V. Lane Rawlins and Jean Bush, Senior Associate Vice President for Finance

The charge of the President’s Finance Council is to review the university's needs, establish budget priorities and make allocations. The council will develop strategies for maximizing and utilizing revenues and consider matters that will impact future budgets, including tuition and fee recommendations, major property and other transactions, and policy and other matters.

Based on the fall 2011 enrollment decline and unexpected increases in waivers and exemptions, the council is monitoring enrollment closely and continuously. In an effort to bolster enrollment in spring and summer 2012, the council approved additional funds for transfer scholarships for spring 2012 and targeted funds for summer 2012.

In February 2012, the university provided estimates of the financial impact of enrollment, waivers and exemptions to the UNT System Board of Regents. These estimates were included in a FY 2013 spending plan that included a proposed increase in board-designated tuition and fees in both FY 2013 and FY 2014. The regents approved those increases in March 2012.

In January 2012, units were asked to identify 2 percent reductions to spending and also were given the opportunity to request up to 3 percent increases (including restoration of 2 percent reductions). Budget hearings were held in early April.

Based on tuition and fee increases and enrollment projections provided by the President's Enrollment and Retention Council, the Finance Council has carefully considered the availability of funds for FY 2013. During FY 2013 budget deliberations, the council decided to take a phased approach to a balanced budget distribution.

Assuming a 2 percent enrollment decline in FY 2013, combined with 2 percent budget cuts and the FY 2013 tuition and fee increase, the council determined that allocation/reallocation of funds in support of UNT's academic mission were the first priority. The approved distributions will:

  • Provide funding for new and existing graduate student support
  • Allow for additional hires in the research clusters
  • Make permanent the funding allocated for merit-based scholarships and financial aid for undergraduate students who also demonstrate financial need (as defined by the THECB)

The council will carefully monitor enrollments beginning with fall 2012 and make adjustments (positive and negative) as necessary to maintain a balanced budget.

The council will prioritize the items to be included in the Legislative Appropriations Request, due in late summer 2012. Council members including V. Lane Rawlins, Warren Burggren, Andrew Harris, and Jean Bush already have been in discussions with the UNT System Government Relations office to identify and rank UNT priorities that will be included in the request. The 83rd Legislative session will begin January 2013.

As the Legislature gears up for pre-session activities, the Legislative Budget Board and Governor’s Office of Budget Planning and Policy have already begun to send information requests (surveys, data requests, report requests) to state agencies and institutions of higher education. UNT's responses will be coordinated by the budget and finance staff and vetted through (all or select) Finance Council members before final responses are made.

 


 

Other Councils and Council reports