Budget & Planning
Budget Distribution & Management Guidance
A Need for FY14-FY16 Long Term Fiscal Solutions
Many factors, both internal and external, influence UAF's budget. Among the most influential are state general fund support, federal receipts, indirect cost recovery from research expenditures, tuition & fees and private & philanthropic giving.
UAF will face significant, yet manageable, budget issues for FY14 (beginning July 1). Although there will be modest State funding increases in FY14, a budget gap is projected for next fiscal year. UAF leaders will propose several options to address this funding gap. Actions under consideration include a mix of:
- Reducing off-campus lease obligations
- Saving money thru energy management
- Delaying hiring actions to maximize vacancy savings
- Identifying specific reductions to programs and services
- Utilizing staff benefit rate reductions
- Managing year-end reserves
UAF can balance its budget by increasing non-state revenue or decreasing spending. Based on state and national economic conditions, tuition and research funding will likely not increase enough to offset rising costs.
Please share you thoughts on how to best manage in this budget climate (anonymous or otherwise). Keep in mind, ideas should be for sustainable or longer term solutions.
UAF leaders are listening and will welcome creative ideas to best allocate resources while meeting UAF strategic goals.