Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Wednesday, January 11, 2017

NCA&T gained $4M in tuition and fees during 2015-2016 as FAMU took $9M+ loss

North Carolina A&T University remains the #1 largest single campus historically black college or university. It took that title from FAMU back in 2014-2015.

The enrollment at NCA&T has continued to increase since then. NCA&T had a total of 10,852 students in Fall 2015. But FAMU’s student numbers slid down to 9,920. That cost FAMU $9M+ from tuition and fee losses.

NCA&T had an increase of about $4M in tuition and fees due to its enrollment bump in 2015-2016.

Thursday, August 04, 2016

BOT was told performance funds would cover student losses, but Mangum now calling for $10.5M cut

Back at a FAMU Board of Trustees (BOT) committee meeting on June 9, Chairman Kelvin Lawson said the BOT had been told that performance funds would be used to cover the projected $10M loss in tuition and fees due to an expected decline in enrollment for 2016-2017.

“$10M of the $11M [in performance funding] was applied to what we called an enrollment gap,” Lawson said.

On June 22, the Florida Board of Governors officially announced that FAMU would receive $11,509,132 in performance funds. But now FAMU President Elmira Mangum has told her staff to prepare for a $10.5M cut due to the enrollment decline.

Thursday, June 30, 2016

NCA&T gained $4M boost in tuition and fees during 2014-2015 as FAMU took $9.2M loss

The Rattler football team took a 40-21 loss as the Aggies' homecoming opponent in 2014
North Carolina A&T University took FAMU’s former title as the #1 largest single campus historically black college or university in 2014-2015. It also gained a multi-million dollar boost in its tuition and fee revenue due, in part, to its enrollment increase that year.

“Tuition  and  fees  increased  by  $4,002,160.32  or  7.63%,  due  to  increases  in  fee  rates  as  well  as  enrollment increases,  particularly  in  out-of-state  students,” the Management's Discussion & Analysis section of the 2015 financial audit for NCA&T stated.

NCA&T enrolled 10,725 students in Fall 2014. A total of 2,230 of them, or 20 percent, were from out-of-state. The six-year graduation rate at NCA&T (for the class that began Fall 2008) was 49 percent.

Thursday, June 23, 2016

Student losses take most of FAMU's $11.5M performance funds, FSU's $35M being invested

Not having to scramble to find money for a multi-million dollar enrollment nosedive really makes a difference.

Yesterday, the Florida Board of Governors (BOG) announced performance funding amounts for the State University System of Florida.

Florida State University received $35,574,608 in performance funds. According to the Tallahassee Democrat, “FSU said the money will be used to hire top professors in the STEM fields, along with student support services. It also will be invested in the university’s Center for Academic Retention and Enhancement program, which supports first-generation college students.”

Tuesday, June 21, 2016

$10M expected loss from enrollment drop depletes 90% of FAMU’s performance funds

Performance funding in the State University System of Florida (SUS) is supposed to give schools an extra boost. But most of the performance funds that FAMU expects to receive will be used to plug the budget hole created by the projected drop in enrollment for 2016-2017.

FAMU expects to lose 920 students in 2016-2017, which will lead to budget cuts.

“The FY 16-17 budget has been prepared with an anticipated 920-student decline in enrollment,” the FAMU Division of Finance and Administration said in a budget workbook for the Board of Trustees (BOT). “The decrease in enrollment is expected to be off-set by reallocation of vacant positions, performance base funding, and budget adjustments to all divisions’ operating budgets.”

Thursday, June 09, 2016

FAMU lost $9M+ due to enrollment drop in 15-16, expects to lose 920 students in 16-17

The Florida auditor general reported that FAMU lost $9.2M in tuition and fees due its enrollment drop in 2014-2015. Today, the FAMU Division of Finance and Administration told the Board of Trustees (BOT) that the university lost more than $9M after the enrollment decline this year.

“The increase or decline in enrollment not only results changes to the tuition and fees revenues but also to revenues from sales and services,” the division said in the BOT budget workbook.  “The significant enrollment decline which occurred in the current fiscal year resulted in a decline in tuition and fees revenues in excess of $9 million.”

FAMU had 10,738 students in Fall 2013. That went down to 10,233 students in Fall 2014 for a loss of 505. FAMU lost another 313 students in Fall 2015 for a total of 9,920.

The university expects to lose 920 students in 2016-2017, which will lead to more budget cuts.

Wednesday, June 01, 2016

State audit: FAMU lost $9.2M in tuition and fees in 2014-2015, mainly due to enrollment drop

FAMU is paying big for the continuing decline in enrollment.

The "Management's Discussion and Analysis" section of the 2014-2015 financial statement audit for FAMU said the enrollment drop caused FAMU to lose millions in tuition and fees in 2014-2015.

“Net student tuition and fees decreased by $9.2 million, or 17.1 percent, as compared to the 2013-2014 fiscal year,” the section said. “This decrease was due primarily to a decline in enrollment.”

FAMU had 10,738 students in Fall 2013. That went down to 10,233 students in Fall 2014 for a loss of 505.

Monday, February 01, 2016

New House, Senate budgets still don’t say Joint Council is charge of COE money

House Speaker Steve Crisafulli and Senate President Andy Gardiner
House bill (top) and Senate bill (bottom)
Both chambers of the Florida Legislature released their proposed 2016-2017 budgets last week. Neither one states that the Joint College of Engineering Governance Council will be in charge of the money goes to the FAMU-FSU College of Engineering (COE).

Last year, the House of Representatives and Senate agreed to appropriate $12,999,685 to the COE. The new House budget bill has $13,451,572 for the COE and the Senate budget bill includes $13,241,710.

Friday, January 08, 2016

Federal budget could bring opportunities to FAMU

By Anthony W. Hopson
Florida A&M University Government Relations

On December 18, 2015, as Rattlers across the country were dispersing for their holiday break, the United States Congress was meeting its self-imposed deadline to fund the federal government by authorizing a large federal spending bill known as an Omnibus.

Congress passed the 2,000 page omnibus spending bill (Consolidated Appropriations Act, 2016) with bipartisan support. The massive spending bill includes some increases in spending for federal agencies that align with the strategic initiatives of Florida Agricultural and Mechanical University (FAMU).

Tuesday, July 21, 2015

Criser memo in Tallahassee Democrat doesn’t mention separate FSU engineering budget

Last week, the Tallahassee Democrat ran a memo written by Florida Board of Governors (BOG) Chancellor Marshall Criser, III that discussed the recent changes at the FAMU-FSU College of Engineering (COE). The memo defended the shift of the $12,996,539 core operating budget for the COE from the FAMU general revenue line item in the General Appropriations Act to a new budget entity entitled “FAMU/FSU College of Engineering.”

“Furthermore, the College’s shared financial structure is enhanced, not reduced, by the establishment of a separate appropriation category in the 2015-2016 General Appropriations Act,” Criser wrote. “The new category renews the College’s focus on its state’s investment and on its expenditures and is a crucial step toward establishing a College that truly operates in unison.”

But the memo as it appeared in the Democrat didn't mention that Florida State University still has a separate budget of more than $5 million that pays for about 38 FSU professors at the COE. That money is not part of the new “FAMU/FSU College of Engineering” budget entity that the BOG asked the legislature to put in the General Appropriations Act.

Friday, June 26, 2015

Thrasher: FSU will be the new fiscal agent for FAMU-FSU College of Engineering

UPDATE (2:45 p.m.): Today, Florida State University President John Thrasher told his Board of Trustees that FAMU agreed to transfer its fiscal agent status for the College of Engineering to FSU.

“Not that Florida A&M was not doing a good job, but FAMU has agreed that we should be the fiscal agent of the college. That will begin July 1,” Thrasher said.

Draft minutes from a FSU board conference call on June 3 show that Thrasher announced that FSU would be the new fiscal agent for the FAMU-FSU Board of Trustees during that meeting. But the FAMU Board of Trustees did not take a vote to hand the fiscal agent designation over to FSU before Thrasher made those comments on June 3.

The FSU trustees unanimously approved the draft minutes from the June 3 conference call during their meeting today.

ORIGINAL STORY: According to the draft minutes from a Florida State University (FSU) Board of Trustees conference call on June 3, President John Thrasher said that FSU will be the new fiscal agent for the FAMU-FSU College of Engineering (COE). FAMU has served as the fiscal agent/budget manager since 1987.

The statement by Thrasher came two days after a joint press release from FAMU and FSU announced that COE Dean Yaw Yeboah would step down on July 31. The June 1 release added that “the tenure home for the next dean will rotate to Florida A&M University.” FSU had served as the tenure home of all the deans since 1987.

Thursday, June 25, 2015

FAMU’s general revenue appropriation shrinks to lowest level since 2012

At the end of this year’s legislative session, FAMU ended up with the lowest general revenue appropriation that it has had since 2012.

FAMU received $66,611,060 in its “General Revenue” line item for 2015-2016. That is the smallest since 2012, when FAMU finished the session with $65,584,450 in general revenue.

Wednesday, June 24, 2015

Scott spares all FAMU’s PECO line items for second consecutive year

Gov. Rick Scott and First Lady Ann Scott at the Inaugural Prayer Breakfast at FAMU in 2015
Gov. Rick Scott has spared all of FAMU’s line items from the Public Education Capital Outlay (PECO) fund for the second consecutive year.

Yesterday, Scott used his line item veto pen to slash a record $461.4 million from the 2015-2016 appropriations bill before signing a $78.2 billion budget for Florida. But the governor opted to leave all of FAMU’s appropriations intact.

The money includes $1,480,000 for the completion of Phase II of the College of Pharmacy & Pharmaceutical Sciences. FAMU also received a big $6,155,000 to begin constructing a brand new Student Affairs building. Those projects will both be funded with PECO dollars.

Thursday, June 18, 2015

Legislature approves $6.2M for new FAMU student affairs complex, $1.4M for Pharmacy Phase II

During the final hours of the 2015 special legislative session, the Florida Legislature approved several items that will help enhance the University’s capacity for academic excellence. Approved items include $6.2 million of PECO funds for the planning and design of a new student affairs building, and $1.4 million to complete the FAMU College of Pharmacy and Pharmaceutical Sciences (COPPS) Phase II building.

The new student affairs complex is an essential part of the university’s long-term plan to revitalize its 128-year-old campus, improve customer service, and promote efficiency and effectiveness. Upon completion, the building’s total cost is estimated to be about $36 million and will combine under one roof many essential student services that are currently scattered across the campus.

Wednesday, June 10, 2015

FAMU Athletics going deeper into the red

The deficit in the FAMU Department of Athletics is continuing to get worse.

At a meeting of the Board of Trustees’ Special Committee on Athletics yesterday, university officials reported that financial records from May 31 show that the department’s expenditures for this fiscal year were $2,076,734 more than its income. FAMU Athletics paid for $9,352,419 in expenses but brought in just $7,275,685 in revenue.

The department projects that it will end the fiscal year on June 30, 2015 with a deficit of $500,000-$750,000.

That is bad news for an athletic department that has a cumulative deficit of more than $7 million.

Friday, May 15, 2015

Millions for engineering faculty remain in FSU general revenue instead of new FAMU-FSU budget entity

FSU President John Thrasher
Senate Appropriations Subcommittee on Education (3/17/2015)
House Education Appropriations Subcommittee (3/16/2015)
On February 19, the Florida Board of Governors (BOG) approved a proposal to ask the legislature to create a new budget entity for the FAMU-FSU College of Engineering. The plan said that the new budget entity would “include all operating funds for the Joint College, including the appropriate amount of plant operation and maintenance funds.”

But documents from the education appropriations subcommittees of the Florida House of Representatives and the Senate show that “all operating funds for the Joint College” are not in the new budget entity. The only funds that were moved into the new budget entity were the Education & General (E&G) dollars that were previously in the FAMU budget. Florida State University is still receiving millions for faculty at the FAMU-FSU College of Engineering in its separate E&G budget.

Monday, May 11, 2015

Still no public explanation for why new engineering budget entity only has $12.9M instead of $15.9M

FAMU representatives meeting with Sen. Bill Montford during FAMU Day at the Capitol
The new budget entity for the FAMU-FSU College of Engineering has about $3M less than the total amount of money that the college received last year. But the FAMU administration and elected legislative delegation that represents the university still have not given a public explanation for why this is.

Back in 2014, FAMU received a $10.9M appropriation for the program in its general revenue budget. That was the money for maintenance needs, plant operations, and the salaries of 23 FAMU professors and 27 FSU professors. FSU received a separate appropriation of $5M in its general revenue budget that paid for another 36 FSU professors.

Monday, April 13, 2015

Law should directly state that FAMU, not Joint Council, will receive and manage engineering budget

FAMU received the annual appropriation for the FAMU-FSU College of Engineering’s core operations in its general revenue budget from 1987 until 2014. But that is changing this legislative session. The Florida House and Senate have both placed the program’s operating funds into a new budget entity entitled: “Florida Agricultural and Mechanical University and Florida State University College of Engineering from General Revenue Fund.”

Neither the House nor the Senate version of the General Appropriations Act explicitly says what institution will receive the appropriation on behalf of the College of Engineering. The legislature should place some clarifying language into the law that directly states an intent for FAMU to continue receiving and managing those funds.

Monday, April 06, 2015

Fla. House, Senate approve new budget entity for FAMU-FSU College of Engineering

The Florida House of Representatives and Senate have agreed on the creation of a new budget entity for the FAMU-FSU College of Engineering. Title XIV, Chapter 216 of the Florida Statues states that a “budget entity” is “a unit or function at the lowest level to which funds are specifically appropriated in the appropriations act.”

The new budget entity for the college appears as item 138A under Section 2 of the General Appropriations Act in both chambers. It is entitled “Florida Agricultural and Mechanical University and Florida State University College of Engineering from General Revenue Fund.” The House proposes $12,999,761 but the Senate proposes slightly less with $12,997,476.

This changes the appropriations method of the past 28 years, when FAMU received the core operating funds for the College of Engineering as part of its general revenue budget. On February 19, the Florida Board of Governors voted to seek a new budget entity for the program when it approved a proposal entitled “Commitment to Guiding Principles and a Plan of Action for the FAMU-FSU Joint College of Engineering.” That plan received the support of both the FAMU and FSU presidents.