Please click here to download the memo titled, “UNCG RIF Plan 2014-15.”
UNCG Budget Central
This web page is designed to keep the University community apprised of UNCG's response to the unprecedented economic challenges facing North Carolina and the country. The website provides relevant information from President Tom Ross, Chancellor Brady, the Office of State Budget and Management, and other important campus and North Carolina links related to the budget process and ongoing budget reduction plans. This website will be updated as additional relevant information becomes available. To receive notification of website updates, join our listserv.
The following communication from Chancellor Brady was emailed to faculty, staff and students on Wednesday, February 19, 2014.
Dear faculty, staff and students,
While UNCG’s budget for the 2014-15 fiscal year will not be known until the conclusion of the General Assembly’s legislative session this summer, I wanted to take this opportunity to share with you what we now know and to seek your input.
We are currently preparing for a reduction of approximately $12.8 million to our state-appropriated budget in 2014-15. Nearly $8 million of that reduction is due to a drop in enrollment. Most of the remainder of the anticipated budget reduction is contingent on whether the following are included in the 2014-15 state budget that will be finalized this summer: a) the second year of cuts included in the 2013-15 state budget passed by the General Assembly and signed into law last summer ($1.5 million); b) a 2% cut request from the Office of State Budget and Management ($3.1 million). The last piece of the reduction will be used to provide funding for anticipated ongoing Quality Enhancement Plan (QEP) and compliance expenses ($300,000).
I have been working with the Executive Staff, Deans Council and Faculty Senate leadership since early January on strategies for addressing the budget cut and stabilizing our enrollment in order to avoid this situation in the future. I have charged our university’s leaders to develop strategic approaches to their budget cuts, avoid horizontal (across the board) reductions, identify vertical cuts, administrative efficiencies and collaborations across divisions, and place priority on protecting enrollment and instruction. The latter point is critical in order to avoid another significant reduction in 2015-16. Read More
The North Carolina General Fund Revenue Report for January 2014 developed by the Fiscal Research Division of the General Assembly can be seen here. This report is an update provided by the General Assembly’s Fiscal Research Division that summarizes revenue for the current fiscal year and outlines the risks to revenue receipts for the current year.
The following is an excerpt from the report:
- General Fund collections through December are $83.5 million above the revenue target of $10.0 billion for the first-half of the fiscal year.
- Corporate income tax revenue is the main reason collections are ahead of target. Continued signs of weakness in wage and salary income tax withholding may be a cause for some concern.
- A steady, moderate growth pattern emerged in 2013 and is expected to be with us throughout the fiscal year. In 2014, most economic forecasts anticipate an improving economy with growth slighly below average.
- Employment growth, while showing signs of improving, has yet to advance like other parts of the economy. Developing strength in the national economy, as well as the global economy, should help the employment picture this year.
The report on the North Carolina General Assembly Education Subcommittee 2013-15 Fiscal Biennium Budget Highlights has been finalized. The report provides a high-level summary of changes made to the budgets of North Carolina’s public schools, community colleges and the University of North Carolina system during the 2013 long legislative session.
For the complete report, please click on the link below:
The North Carolina General Fund Revenue Report and Economic Outlook for October 2013 developed by the Fiscal Research Division of the General Assembly can be seen here. This report is an update provided by the General Assembly’s Fiscal Research Division that summarizes revenue for the current fiscal year and outlines the risks to revenue receipts for the current year.
The following is an excerpt from the report:
- General Fund collections for the first quarter of the current fiscal year are $79 million or 1.6 percent above the revenue target.
- The first quarter provided mixed results. Personal Income tax withholding on wages was below target. Sales tax collections and Corporate Income tax payments, on the other hand, are running ahead of target.
- Some employment numbers have been slow to improve; however, the State’s improvement in employment is tracking slightly above the average pace when compared with the amount of employment lost during the recession.
- The economy continues to strengthen, yet the pace of growth remains below average. The slow growth pattern makes us more susceptible to economic and policy shocks and places the risk to the forecast at a higher level.