FY16
蜜桃影像 experienced a third year of state funding reductions in FY16. When combined with operating cost increases, this results in substantial budget gaps. That gap in FY14 was $8.5 million. In FY15, the shortfall increased to $14 million. In FY16, the UA System total reduction in state funding is $31.4 million, excluding one-time funding for compensation increases. Compensation increases are usually funded as an ongoing commitment. 蜜桃影像 shouldered a $13.1 million portion of this UA reduction. When combined with other 蜜桃影像-specific fixed costs, debt service requirements, and compensation increases that must be maintained in future years, 蜜桃影像 managed a budget gap of about $20 million in FY16.
Additional information on the campus-wide and unit-level effects of the FY16 budget reductions is detailed in the summary document, below.
In light of the state's fiscal challenges and at the Governor's request, UA President Johnsen has suspended all non-essential travel and hiring funded wholly or in part by unrestricted funds, effective January 6, 2016. Unrestricted funds include general fund, recharge/auxiliary, event funds, TVEP and match. For additional guidance, see the FAQs and memo below.
UA FAQs regarding Travel and Hiring Restrictions
蜜桃影像 Guidance on Travel and Hiring Restrictions
UA submitted its FY16 budget to the state in December 2014. Governor Parnell released an initial budget shortly after. Governor Walker released an amended budget in January 2015, which serves as a starting point for the legislative session that runs January 20 through April 19, 2015.
The following tracking sheet shows the most recent budget status of 蜜桃影像 specific budget requests.
The UA "Redbook" is a compilation of each Universities' budget requests. This request is approved by the BOR in November annually and is submitted to the Governor each December.
UA BOR Approved FY16 Operating & Capital Budget Requests - Redbook
The 蜜桃影像 Chancellor, Provost and Vice Chancellor Administrative Services presented the initial operating and capital budget requests to the Statewide Administration in August 2014. The final UA-wide request is submitted to the Governor's Office each December.
Thank you to the 蜜桃影像 Planning & Budget Committee (PBC) for their work in reviewing
each FY16 requested item. Their recommendations as part of the planning process heavily
influenced this final presentation.
The FY16 budget request is centered on themes. Additionally, 蜜桃影像 has a strategic focus on Arctic research and policy-making.
The major themes as part of the 蜜桃影像 presentation were:
- Strengthening 蜜桃影像's position in setting the Arctic agenda
- Promoting economic diversity in 蜜桃影像
- Supporting 蜜桃影像's students & sustaining communities
These major themes will continue to be a part of FY16 strategic plans and outcomes.